Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environmental sustainability
• Social responsibility
• Good corporate governance

Environmental Achievements

• Installed solar panels on five factory buildings by the end of 2021, reducing electricity consumption and greenhouse gas emissions.
• Reduced production cost of cans and tubes by 10% through productivity and scrap rate improvements.
• Sourcing some raw materials using clean energy.

Social Achievements

• CSR-DIW award received for social responsibility and sustainable community coexistence.
• Employee training totaling 27,997 hours (average 23.21 hours per employee).
• No complaints about human rights violations.

Governance Achievements

• Good Corporate Governance Policy aligned with Stock Exchange of Thailand principles and SEC’s Corporate Governance Code for listed companies 2017.
• High scores in Corporate Governance Report (CGR) and AGM Quality Assessment Program.
• Established clear policies and procedures for conflict of interest, anti-corruption, and whistleblowing.

Climate Goals & Targets

Environmental Challenges

• Historically high and fluctuating aluminum ingot prices due to global supply chain problems and the Ukraine war.
• Increased material, energy, and transportation costs.
• Potential substitution of aluminum with cheaper materials like tin plate or plastic.
• COVID-19 pandemic impact (though mitigated by vaccination and preventive measures).

Mitigation Strategies

• Negotiating aluminum ingot purchases with multiple sellers.
• Exploring alternative sourcing strategies for environmentally friendly aluminum.
• Improving productivity and reducing waste to enhance price competitiveness.
• Developing new products (e.g., lightweight cans, aluminum bottles).
• Implementing stricter credit policies.
• Using a Natural Hedge policy for foreign currency risk management.

Supply Chain Management

Responsible Procurement

• Diversifying raw material suppliers to mitigate risk.
• Prioritizing quality and environmentally friendly raw materials.

Climate-Related Risks & Opportunities

Opportunities

• Development of energy-efficient products and processes

Reporting Standards

Frameworks Used: Thai Financial Reporting Standards (TFRS)

Certifications: ISO 9001:2015, ISO 22000:2018, ISO/TS 22002-4:2013

Third-party Assurance: KPMG Phoomchai Audit Limited

Sustainable Products & Innovation

• Lightweight cans
• Aluminum bottles

Awards & Recognition

• CSR-DIW award

Environmental Metrics

ESG Focus Areas

• Environmental sustainability
• Social responsibility
• Good corporate governance

Environmental Achievements

• Installed additional solar rooftops, increasing total solar power generation capacity to 3,701.41 kW and electricity production to 3,885 MWh (62.21% increase from 2022).
• Reduced indirect carbon footprint from energy use (Scope 2) by 12.72% from 2022 due to better energy management and increased solar power generation.
• Received Green Industry Level 3 - Green System Certification from the Department of Industrial Works.
• Received CSR-DIW CONTINUOUS AWARD 2023 for sustainable social and community responsibility.

Social Achievements

• No complaints about human rights violations among employees, customers, and communities.
• Participated in the CSR-DIW Continues 2023 project, promoting industrial factories' social responsibility and sustainable community.
• Provided employee benefits including provident fund, employees’ pension, health benefits, life insurance, lunch, and scholarships for employees' children.
• Organized 149 training courses totaling 32,301 hours (average 27.84 hours per employee).

Governance Achievements

• Corporate Governance Report (CGR) from the Thai Institute of Directors scored 70%.
• AGM 2023 Quality Assessment Program (AGM Checklist) from Thai Investors Association scored 93%.
• Established clear policies and procedures for connected transactions, ensuring fairness and compliance with regulations.
• Implemented a robust anti-corruption policy and whistle-blowing mechanism.

Climate Goals & Targets

Environmental Challenges

• Total revenue decreased by 12% due to lower customer orders (can and tube sales decreased by 13%, slug sales decreased by 10%).
• Net profit after tax decreased by 23% due to lower customer orders, Thai baht appreciation against Japanese yen and US dollar, lower slug selling price, and higher aluminum ingot prices.
• Increased competition from local competitors improving quality.
• Fluctuations in aluminum prices and foreign exchange rates.
• Increased energy prices.

Mitigation Strategies

• Consolidated two plants into one and implemented multi-skilled, multi-tasking strategies to lower fixed costs and break-even point.
• Reduced number of employees from 1,536 in 2014 to 1,115 in 2023.
• Focusing on sustainable operations, including sourcing low-carbon materials and developing lightweight cans.
• Investing in energy-saving equipment and renewable energy (solar panels).
• Improving production efficiency and reducing waste.
• Developing new products and expanding into new markets.
• Implementing a more stringent credit policy and using natural hedge for foreign currency risk.

Supply Chain Management

Responsible Procurement

• Prioritizes quality of raw materials and regularly checks quality.
• Does not rely on purchasing raw materials from any single supplier.

Climate-Related Risks & Opportunities

Opportunities

• Development of energy-efficient products

Reporting Standards

Frameworks Used: Thai Financial Reporting Standards (TFRS)

Certifications: ISO 9001:2015, ISO 22000:2018 and ISO/TS 22002-4:2013, Good Hygiene Practices Standards (GHP), Green Industry Level 3 - Green System Certification

Third-party Assurance: KPMG Phoomchai Audit Limited

Sustainable Products & Innovation

• Lightweight cans
• Aluminum alloy slugs

Awards & Recognition

• CSR-DIW CONTINUOUS AWARD 2023
• Green Industry Level 3 - Green System Certification