Climate Change Data

Environmental Metrics

ESG Focus Areas

• Governance
• Social
• Environment

Environmental Achievements

• Amount of electricity produced by solar rooftop is 3,552,593 kWh/year, exceeding the target by 322,965 kWh.
• Reduced fuel oil used per unit in sweet corn production by 17.08% and in soybean-green bean production by 9.22%.

Social Achievements

• Achieved an average of 7.85 training hours per employee per year.
• Zero written complaints from society.
• Zero employee deaths from work in 2021.
• LTIFR (Lost Time Injury Frequency Rate) of 2.27 per 1 million working hours in 2021.
• Launched new products under the company's own brand (EDA, BENAS, CORNISTA), expanding the market.

Governance Achievements

• Received a 5-star rating (Excellent level) in the Corporate Governance assessment.
• Recertification as a member of Thailand’s Private Sector Collective Action Coalition Against Corruption (CAC) until 31 December 2025.
• No corruption incidents found in 2021 and 2022.

Climate Goals & Targets

Environmental Challenges

• Fluctuation of raw material quantity and price due to climate change and natural disasters.
• Dependence on the Japanese market (94.02% of total sales).
• Fluctuation of exchange rates (THB/USD).
• Risk of chemical residue in products.
• Shortage of labor.
• Temporary closure of Sino-Thai Freeze and Dry Co., Ltd. (subsidiary) due to COVID-19 and Chinese government policies.

Mitigation Strategies

• Contract farming with 7,700 farmer families (no single supplier exceeding 20% of total raw material).
• Cultivation planning for 2-3 crops per year with short harvesting times.
• US dollar exchange forward contracts to mitigate foreign exchange rate risk.
• Strict quality inspection process according to GMP standards with 2 detectors capable of detecting over 250 types of chemical residues.
• Offering competitive wages and benefits, including living support and scholarships.
• Hiring foreign workers to address labor shortages.
• Good corporate governance practices and risk management committee.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Supplier selection criteria including compliance with laws, ethical standards, human rights, and environmental responsibility.

Climate-Related Risks & Opportunities

Physical Risks

• Drought and floods affecting raw material supply.

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: GRI

Certifications: GMP, HACCP, ISO 22000, FSSC 22000, TLS-8001:2020

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• EDA, BENAS, CORNISTA

Awards & Recognition

• 5-star rating in Corporate Governance assessment.

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance
• Sustainability

Environmental Achievements

• Reduced energy consumption per unit of sweet corn production by 17.45%
• Installed solar panels with a combined capacity of 2.47 megawatts, generating 3,418,252 kWh of electrical energy annually and reducing greenhouse gas emissions by an estimated 1,090,422.39 kilograms of carbon dioxide equivalent per year.
• No chemical/oil/wastewater spills with significant community impact.

Social Achievements

• Contract farming initiatives with 7,340 farmers in the northern region.
• Various activities to benefit society and communities, including observing Labor Day, participating in anti-drug campaigns, promoting workplace safety, contributing to Kathin Samakkhi offerings, supporting efforts to extinguish forest fires, collaborating with local communities in tree planting initiatives, and participating in blood donation drives.
• Cooperative education project with five students from the Faculty of Agro-Industry at Chiang Mai University.
• Employee drug testing sessions in collaboration with government officials.

Governance Achievements

• Achieved an "Excellent" rating in the Corporate Governance Achievement Award Assessment by the Thai Institute of Directors Association (IOD).
• Membership renewal in the Collective Action Coalition Against Corruption (CAC) until December 31, 2025.
• Implemented rigorous anti-corruption policies and actively participated in the Thai Private Sector Collective Action Coalition Against Corruption (CAC).

Climate Goals & Targets

Environmental Challenges

• Fluctuations in the quantity and price of raw materials due to climate change and natural disasters.
• Dependence on foreign markets (Japan accounts for more than 90 percent of total foreign sales).
• Changes in exchange rates.
• Risk of chemical residues in products exceeding customer standards.
• Labor shortage in production.

Mitigation Strategies

• Proactive stance to mitigate risk of raw material fluctuations by engaging 700 families of farmers, planning planting, and adjusting planting amounts to suit market situations.
• Maintaining good relationships with customers to mitigate the impact of relying mainly on the Japanese market.
• Entering into contracts to sell US dollars in advance to reduce risk of foreign currency exchange rates.
• Strict inspection process following GMP standards and using chemical residue detectors.
• Setting competitive wage rates, offering benefits (living expenses, scholarships), and organizing training to retain employees.

Supply Chain Management

Supplier Audits: Annual supplier evaluations (Onsite Audits)

Responsible Procurement

• Fair, transparent, and verifiable selection of business partners
• Adherence to business ethics
• Standard credit term of 30 days

Climate-Related Risks & Opportunities

Physical Risks

• Climate change and natural disasters impacting raw material supply

Transition Risks

• Not disclosed

Opportunities

• Development of energy-efficient products and utilization of renewable energy sources

Reporting Standards

Frameworks Used: GRI

Certifications: GAP, GMP, HACCP, ISO 22000, FSSC 22000, TLS-8001:2020

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Edamame bread spread (BENAS brand)
• Freeze-dried sweet corn products (CORNISTA brand)

Awards & Recognition

• Excellent rating in the Corporate Governance Achievement Award Assessment