Alucon Public Company Limited
Climate Impact & Sustainability Data (2022)
Reporting Period: 2022
Environmental Metrics
Total Carbon Emissions:26,316 TonCO2e (Scope 1) + 31,145 TonCO2e (Scope 2)
Scope 1 Emissions:26,316 tCO2e
Scope 2 Emissions:31,145 tCO2e
Total Energy Consumption:2,395 MWh (solar)
ESG Focus Areas
- Environmental sustainability
- Social responsibility
- Good corporate governance
Environmental Achievements
- Reduced electricity costs by approximately 9.6 MB/year through energy conservation projects.
- Increased solar electricity consumption by 34.1% from 2021 (2,395 MWH).
- Developing more eco-friendly products by utilizing scrap material and lightweight cans.
- Received green industry level 3 - Green System Certification from the Department of Industrial Works.
Social Achievements
- CSR-DIW CONTINUOUS AWARD 2022 for promoting socially and community sustainably responsible industrial plants.
- No complaints about human rights violations among employees, customers, and communities.
- Organized 109 training courses totaling 33,222 hours (average 29.27 hours per employee).
- Zero Accident Award from the Institute of the Promotion of Safety, Occupational Health and Work Environment.
Governance Achievements
- Corporate Governance Report (CGR) score of 82%, better than last year's 81%.
- AGM 2022 Quality Assessment Program score of 98%, same as last year.
- Established clear anti-corruption policy and whistle-blowing channels.
- Board of Directors reviewed Corporate Governance Code and adjusted business practices.
Climate Goals & Targets
Long-term Goals:
- Develop environmentally friendly packaging.
Medium-term Goals:
- Develop aluminum alloy slugs for production of lightweight cans.
- Achieve consistent product quality with automatic packing systems and visual camera inspection.
Short-term Goals:
- Obtain low-carbon materials, including recycled materials.
Environmental Challenges
- Higher aluminum ingot prices and strong US dollar.
- Increased material, energy, and transportation costs.
- Ukraine war worsening inflation.
- Fluctuations in foreign exchange rates.
- High shipping costs.
- Competition in the global market.
- Potential substitution of aluminum packaging with cheaper materials.
- Rising labor costs.
Mitigation Strategies
- Increased product selling prices (though insufficient to offset all cost increases).
- Improved productivity with fewer employees through multi-skilled training.
- Decreased capital investment, reducing debt-to-equity ratio to 13%.
- Installing additional solar panels to reduce energy costs and gain tax privileges.
- Developing eco-friendly products using recycled materials and lightweight designs.
- Focusing on quality improvement, production efficiency, waste reduction, and timely delivery.
- Using hydro aluminum and experimenting with PCR aluminum.
- Implementing a more stringent credit policy and using letters of credit for international customers.
- Developing internal technician training courses and multi-tasking skills in production.
- Using natural hedge for foreign currency risk management.
Supply Chain Management
Responsible Procurement
- Prioritizing quality of raw materials; regularly checking quality.
- Not relying on any single supplier to reduce risk of material shortages.
- Planning to purchase raw materials in advance and stock them.
Climate-Related Risks & Opportunities
Opportunities
- Development of energy-efficient products
Sustainable Products & Innovation
- Eco-friendly products using scrap material and lightweight cans
- Aluminum alloy slugs for lightweight cans
Awards & Recognition
- CSR-DIW CONTINUOUS AWARD 2022
- Zero Accident Award