PRIME ROAD POWER PUBLIC COMPANY LIMITED

Climate Impact & Sustainability Data (2022, 2024-01 to 2024-03)

Reporting Period: 2022

Environmental Metrics

Water Consumption:3,624 cubic meters

ESG Focus Areas

Environment
Social
Governance

Environmental Achievements

Partnered with the Industrial Estate Authority of Thailand (IEAT) to invest in Prime Industrial Energy Company Limited (PIE) to reduce greenhouse gas emissions in industrial estates.
Reduced Co2 Emission: 2,012,307.00 kgCO2e/year from Walailak University solar rooftop project.
Developing a system to collect environmental data, including corporate greenhouse gas data.

Social Achievements

Developed personnel in the ESG area by establishing an ESG team to attend training courses on sustainability reporting.
Joined forces with universities and vocational institutions by offering internships.
Employee engagement score of 73%.

Governance Achievements

Plans to submit a declaration of intent to become a member of the Private Sector Collective Action against Corruption (CAC).
Increased the numbers of independent directors and female directors.
Introduced ESG indicators in the performance evaluation of top management.

Climate Goals & Targets

Long-term Goals:

Net-Zero Carbon Emissions by 2065

Medium-term Goals:

Net zero achievement by 2030

Short-term Goals:

Reduce electricity consumption in 2023 by 3% of the total electricity consumption at the head office.
Carbon neutral achievement by early 2023

Environmental Challenges

Changes in official policies, rules, regulations, and laws applicable to the Company.
Renewal of future power purchase agreements.
Relying on only a single major customer (at least 30% of total sales).
Significant fluctuations in the total cost of key raw materials.
Labor shortage.
International loans due to a lack of risk prevention or mismatch of the contract.
Loan default of the Company.
Cyber threats.

Mitigation Strategies

Strict control of solar power plant operations to comply with power purchase agreements and relevant laws.
Obtaining additional power purchase agreements.
Diversification of business.
Adjusting contracts and raising prices of products.
Signing forward rate contracts with banks.
Adjusting products’ prices in line with the current exchange rate.
Implementing an environment management and follow-up guideline.
Developing a system to collect environmental data.
Establishing a charter specifying responsibilities of the chairman, Board of Directors, and executive president.
Appointing independent directors.
Investing in system development to secure new technologies and prevent risks from cyber threats.

Supply Chain Management

Responsible Procurement

Formulate recruitment criteria and select suppliers based on the ESG factors
Establish a clear audit process as outlined in the Supplier’s Code of Conduct
Review and improve procurement procedures and communication methods to achieve common goals
Perform investigations and problem-solving actions in a timely manner and appropriately, and prevent potential problems up in the future

Climate-Related Risks & Opportunities

Transition Risks

Changes in government policies related to renewable energy purchase.

Opportunities

Growth of renewable energy sector.

Reporting Standards

Frameworks Used: GRI

Certifications: ISO 14001

UN Sustainable Development Goals

Goal 7 (Affordable and clean energy)
Goal 13 (Climate action)

Investments in renewable energy and energy efficiency initiatives contribute to these goals.

Sustainable Products & Innovation

IoT technology for Building Energy Management (BEM)
Solar Monitoring & Billing Platform
Utility Management Platform

Reporting Period: 2024-01 to 2024-03

Environmental Metrics

Total Carbon Emissions:Not disclosed

Scope 1 Emissions:Not disclosed

Scope 2 Emissions:Not disclosed

Scope 3 Emissions:Not disclosed

Renewable Energy Share:Not disclosed

Total Energy Consumption:Not disclosed

Water Consumption:Not disclosed

Waste Generated:Not disclosed

Carbon Intensity:Not disclosed