Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environment
• Social
• Governance

Environmental Achievements

• Received EU Flower (European Union Eco-Label) certification in 2007
• Developed anti-bacteria products in 2007
• Adopted ISO 14001:2004 standards in 2009
• Approved carbon footprint of one of its products in 2009
• Adopted ISO 50001:2011 in 2015
• Adopted ISO 9001:2015 and 14001:2015 in 2017
• Reduced production waste effectively through group activities (5S’s, TPM, water and energy conservation trainings, lean manufacturing trainings)
• Improved production precision, especially in the consumption of raw material, energy, water, and other resources
• Introduced Environment-friendly products, such as dope-dyed nylon yarn

Social Achievements

• Provides lodgings for employees from upcountry and transportation to and from work for local residents
• Provides interest-free loans for personal necessities
• Provides regular work skill trainings and scholarships for further education
• Disburses bonuses even during economic hardship and loss-making years
• Supports education by inviting students for work experience and training
• Donated to Watpa Phukon, Udonthani, for mourning the late King Bhumibol Adulyadej
• Participated in selling special cheap price black & white taffeta fabric for mourning decoration
• Raised 555,999 Baht to support the construction of a multi-purpose building at Phukon Forest Monastery
• Donated fabric to Phukon Forest Monastery in Udonthani and other temples in Samutprakarn
• Employees at the head office join blood donation every three months
• Supports Thai Red Cross by donating blood every 3 months in Samutprakarn
• Donating merchandises for the Annual Thai Red Cross Fair, Samutprakarn Red Cross Fair, Children Fair, etc.
• Organized ISO 9001:2015, ISO 14001:2015 course seminar to all employees
• Practicing in accident prevention, and firefighting
• Campaigning for all employees to do the 5S system in each unit of organization
• Training of Social Security for all level employees
• Held 5 sessions of Enterprise Resource Planning (ERP) system training
• Provided relevant staffs to attend the full course seminar of ERP system
• Encourage employees to attend technician & workmanship training course at Department of Skill Development
• Took part in exhibition of Factory Water Management with The Water Sustainability Institute
• Provides various additional welfares beyond basic salary (living allowance, retirement pension, yearly bonus, prize money for attendance, outstanding employee awards, and cost reduction efforts, uniforms, transportation to and from work, dormitories with free electricity and water, free rice 4 times a day, sports facility, clubhouse, cooperatives, etc.)
• Provides interest-free financial aids to employees twice a year, and stipends for social functions (wedding, childbirth, school fee, sickness, accidents, ordainment, death, etc.)
• Has a policy to hire handicapped and over 60 year-old persons
• Provides group life and accident insurance
• Conducts regular fire drills
• Provides ample structures, workplace, infrastructures and safety equipment
• Provides annual check-up to all employees
• Provides partial medical fees for both in-patient and out-patient treatments
• Supports intra-company sports activities
• Actively participates in yearly merit making to nearby temples, community centers, orphans, disabled, and senior organizations

Governance Achievements

• Complied with guidelines for good practice of directors of listed companies
• Adheres to the Stock Exchange of Thailand’s proposed good corporate governance rules
• Issued corporate governance policy to enhance transparency and investors’ confidence
• Took prudent care to prevent conflict of interests
• Disclosed information to shareholders and investors through various channels
• Appointed Audit Committee to oversee company’s operation
• Engaged Re-Add Company Limited as internal auditor
• Conducted quarterly internal audit by Re-Add Company Limited
• Core product sections receive audits on quality and environment 3 times a year

Climate Goals & Targets

Environmental Challenges

• Risk of substitution of Nylon-6 by cheaper materials
• Fluctuation in Caprolactam (raw material) price
• Dumping of products from overseas due to reduced import duty
• Currency risk due to extreme volatility of the Baht
• Personnel risk due to many executives reaching retirement age
• Business risks including compliance, product risk, and reputational risk

Mitigation Strategies

• Emphasizes production efficiency and reduction of resource consumption
• Focuses on joint development with customers on new products
• Provides better services
• Seeks new sources of raw materials or semi-finished products
• Closely monitors price movement and ascertains price before delivery
• Exercises due care and closely monitors currency movement
• Executes forward transactions for net exposure
• Builds successors from within the organization
• Postponement of retirement for retiring personnel
• Setting up a system of self-risk assessment

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: ISO 9001, ISO 14001, ISO 50001, Oekotex Standard 100, Carbon Footprint (TGO)

Certifications: ISO 9001, ISO 14001, ISO 50001, EU Flower (European Union Eco-Label), Oekotex Standard 100

Third-party Assurance: C&A Audit Office Co., Ltd.

Sustainable Products & Innovation

• Dope-dyed nylon yarn
• Polyester
• PBT (Poly Buty Terepthalate) from recycled plastic bottles
• PLA from corn starch

Awards & Recognition

• Lively Landscape and Environment-Friendly Factory (2006)
• EU Flower (2007)