Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• Certified for ISO 14001 and BS OHSAS 18001 from TUV NORD in 2016 (mentioned as ongoing policy in 2019 report)
• Campaign for employees to save energy (e.g., turning off electricity, air conditioners, and computer screens during breaks)

Social Achievements

• Established the Sustainable Development Committee (SD) to oversee social and environmental performance
• Developed the Khon Kaen Learning Center for professional technician training
• Organized training for both local and foreign employees
• Increased employee benefits (totaling 692,393,987 Baht)
• Average staff training of approximately 6 hours per person in 2019
• Implemented employee engagement surveys
• Supported various social contribution activities (scholarships, blood donation, children's day activities, etc.)
• Signed a memorandum of agreement with Chaiyaphum Technical College to support academic activities

Governance Achievements

• Adhered to good corporate governance principles (CG Code 2017)
• Established the Anti-Corruption Committee
• Prepared a “Corporate Governance Policy Manual and Guidelines”
• Signed up for the CAC membership to join the anti-corruption effort
• Developed effective internal control systems, regularly reviewed by the Internal Audit Committee
• Clearly designated authority for approving inter-related transactions
• Established 4 committees (Executive, Audit, Nomination and Remuneration, Risk Management) to support the Board of Directors

Climate Goals & Targets

Environmental Challenges

• Economic slowdown in Thailand and other ASEAN countries
• Climate change in Thailand
• Currency depreciation in the ASEAN region
• Severe drought affecting water supply for ice-making
• Decline in foreign tourists impacting ice consumption
• Intense competition in the tube ice machine business
• Rising labor costs
• Risk of talented personnel shortage
• Dependence on high-level management
• Fluctuated rates of currency exchange
• Lack of working capital
• Risks from investment and overseas operations
• Risks from opening free trade and the step into the AEC
• Economic and political factors (trade war, political changes)

Mitigation Strategies

• Adjusted work plans and made organizational improvements
• Organizational and personnel restructuring
• Cost management in overseas companies by focusing on recruiting local employees
• Emphasized on some products group to expand in overseas
• Developed factory automation system and online monitoring system to reduce labor cost
• Proactive recruitment plan (vocational institutions, universities, internships)
• Established a learning and training center in Khon Kaen
• Increased ratio on hiring subcontractors
• Developed a successor plan for high-level management
• Procuring raw materials from domestic and foreign sources
• Using natural hedge and forward contracts to manage currency exchange rate fluctuations
• Precise contract terms of payment, cash conversion cycle (CCC) as KPI
• Seeking working capital from financial institutions
• Prudent investment study and analysis in each country, hiring overseas consultants
• Establishing representative offices and subsidiaries in AEC countries
• Analyzing and following up on the impact from economic and political factors in Management Committee meetings
• Tactical seminars to develop new investment administration and overseas growth

Supply Chain Management

Responsible Procurement

• Policy to order goods according to demand without price speculation
• Constant search for new production sources and suppliers

Climate-Related Risks & Opportunities

Physical Risks

• Severe drought

Sustainable Products & Innovation

• Energy-efficient ice-making and refrigerating machines

Environmental Metrics

ESG Focus Areas

• Carbon Footprint
• ISO 45001

Environmental Achievements

• Not disclosed

Social Achievements

• Not disclosed

Governance Achievements

• Member of Thai Private Sector Collective Action Coalition Against Corruption (CAC) since March 31, 2021. CAC membership renewed in 2023. Implementation of "No Gift Policy".

Climate Goals & Targets

Environmental Challenges

• Economic slowdown impacting sales of capital goods.

Mitigation Strategies

• Not disclosed

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Not disclosed

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: Null

Certifications: ISO 45001

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed