Climate Change Data

Siam Steel Service Center Public Company Limited

Climate Impact & Sustainability Data (2022)

Reporting Period: 2022

Environmental Metrics

Total Carbon Emissions:1,017.80 tCO2e/year (Scope 2)
Scope 2 Emissions:1,017.80 tCO2e/year
Total Energy Consumption:2,036,000 kWh/year
Water Consumption:40 m3/day (100% reuse)
Waste Generated:4,495.78 tons/year

ESG Focus Areas

  • Environmental
  • Social
  • Governance

Environmental Achievements

  • Certified ISO 14001:2015 (Environmental Management System) and ISO 50001 (Energy Management System)
  • Launched Greenhouse Gas Emission Reduction Project
  • Implemented waste management strategies (3Rs: Reduce, Reuse, Recycle), reducing wood pallet usage by 67.20%
  • Accredited Green Industry Level 4: Green Culture

Social Achievements

  • Implemented Occupational Safety, Health and Environment of the Workplace Policy (certified ISO 45001)
  • Received Exemplary Organization for Human Rights Award
  • Implemented 'Safe Drive for Truck Sub-contractor' program
  • Implemented 'Truck Queue Program'
  • Various employee wellbeing initiatives (Keep Sorrows in Jar, Merit Saving, Lawyer to Be, Happy Smile Pha pah, SSSC Health Care, SSSC Fixit)

Governance Achievements

  • Adopted Corporate Governance Code for Listed Companies 2017
  • Established 5 sub-committees (Audit, Nomination & Remuneration, Corporate Governance, Risk Management, Sustainability)
  • Consistently received high scores in Corporate Governance assessments
  • Listed on Thailand Sustainability Investment (THSI) for 8 consecutive years (2015-2022)
  • Implemented anti-corruption measures and received recertification from CAC

Climate Goals & Targets

Environmental Challenges

  • Raw material shortages
  • High competition in the steel industry
  • High production costs
  • Economic and political uncertainties
  • Labor shortages
  • Climate change risks
  • Pandemic risks
  • Digital transformation risks
  • Cybersecurity risks
  • Corruption risks
Mitigation Strategies
  • Seeking new raw material suppliers
  • Focusing on quality products and timely delivery
  • Implementing innovations to increase productivity
  • Risk management strategies (COSO-ERM 2017)
  • Workforce management strategies
  • Flood countermeasure action plan
  • Covid-19 prevention measures
  • Digital technology skill development
  • Cybersecurity measures
  • Anti-corruption policy and CAC membership

Supply Chain Management

Supplier Audits: Annual

Responsible Procurement
  • Code of conduct
  • Supplier sustainability requirements
  • Human rights due diligence

Climate-Related Risks & Opportunities

Physical Risks
  • Flooding

Reporting Standards

Frameworks Used: GRI, ISO 31000:2009, COSO-ERM 2017, TIS 9999, ISO 26000:2010, UN SDGs, CERES guidelines

Certifications: ISO 9001:2015, IATF 16949:2016, ISO 14001:2015, BS OHSAS 18001:2007, ISO 50001:2001, ISO 45001

Third-party Assurance: Grant Thornton Limited

UN Sustainable Development Goals

  • Goal 3
  • Goal 6
  • Goal 7
  • Goal 8
  • Goal 9
  • Goal 10
  • Goal 11
  • Goal 12
  • Goal 13
  • Goal 14
  • Goal 15
  • Goal 16
  • Goal 17

The Company's initiatives contribute to these goals through various ESG programs and practices.

Sustainable Products & Innovation

  • Knock Down Steel Pallet to Replace Wood Pallet

Awards & Recognition

  • CSR-DIW AWARD (10 consecutive years)
  • Highly Commended in Sustainability Award from the SET (2022)
  • Thailand Sustainability Investment (THIS) (8 consecutive years)
  • Exemplary Organization for Human Rights Award
  • Thailand Vision Zero Commitment Award 2019