Climate Change Data

Sansiri Public Company Limited

Climate Impact & Sustainability Data (2019, 2021, 2022)

Reporting Period: 2019

Environmental Metrics

Total Carbon Emissions:5,816.70 tCO2e/year
Scope 1 Emissions:1,110.56 tCO2e/year
Scope 2 Emissions:3,429.03 tCO2e/year
Scope 3 Emissions:1,277.10 tCO2e/year
Renewable Energy Share:8.88%
Total Energy Consumption:5,890.80 MWh/year
Water Consumption:200,556 m3/year
Waste Generated:2,764.52 tons/year
Carbon Intensity:35.94 kgCO2e/m2/year

ESG Focus Areas

  • Environmental Management
  • Social Change
  • Corporate Governance

Environmental Achievements

  • Reduced greenhouse gas emissions by 2,071.49 tonnes CO2 equivalent per year (26.26%)
  • Generated 523.29 MWh of electricity from renewable energy sources
  • Reduced solid waste in Sansiri offices by 82.14%
  • Resolved all environmental complaints

Social Achievements

  • Allocated over 49.2 million Baht to the Social Change program, partnering with UNICEF Thailand
  • Over 8,000 children participated in Sansiri Academy
  • More than 4,478 children participated in activities held in ‘The Good Space’
  • No safety complaints regarding non-compliance to safety laws & regulations
  • No fatalities from all Sansiri operational areas
  • Average training hours per employee per year: 18.06

Governance Achievements

  • Conducted business according to the Business Code of Conduct and Anti-Corruption Policy
  • Received a “Very Good” score from the Corporate Governance Report of Thai Listed Companies 2019
  • Scored full marks (100) for the Annual General Meeting Checklist 2019 of the Thai Investors Association
  • 93% Board of Directors attendance rate

Climate Goals & Targets

Medium-term Goals:
  • Transform into an environmentally friendly real estate company by 2022
Short-term Goals:
  • Reduce energy and water use, and solid and industrial waste by 10% by 2022 (compared to 2017)

Environmental Challenges

  • Inability to acquire land for project developments due to rising land prices and competition
  • Shortage of contractors and skilled labor causing project delays
  • Economic slowdown resulting in unsold housing stock
  • Increased interest rates impacting loan accessibility
  • Potential delays in Environmental Impact Assessment (EIA) approvals
  • Risks associated with international business operations
  • Fluctuation in construction material prices
  • Technological disruption and data leaks
  • Unusual situations (disputes, natural disasters, political unrest)
Mitigation Strategies
  • Establishing strong relationships with contractors and applying precast construction
  • Efficient inventory management and phased project development
  • In-depth market research and strong sales track record
  • Full compliance with EIA conditions and close monitoring of project progress
  • Expansion into new international markets and land banking strategy
  • Extensive network of land brokers and bidding processes
  • Pre-agreed delivery prices and sourcing more trade partners
  • Implementing control measures according to the Personal Data Protection Act and GDPR
  • Employing the “Devops” model for IT infrastructure
  • Establishing an unusual situation management process

Supply Chain Management

Responsible Procurement
  • Supplier Code of Conduct covering business ethics, human rights, quality management, occupational health and safety, and the environment

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI Standards: Core Option

Sustainable Products & Innovation

  • Cool Living Designed Home
  • Breathable Condominium concept
  • Solar panel installations
  • OMNIFLOW lighting system
  • EV chargers
  • REFUN recycling machines

Awards & Recognition

  • Most Innovative Interior Design - Thailand 2018
  • The Most Powerful Real Estate Brand
  • Silver Award in Architecture Categories
  • Best Developer Thailand Award
  • Thailand’s Best Real Estate Agencies 2019
  • Special Recognition Award for Online Marketing
  • National Innovations Awards

Reporting Period: 2021

Environmental Metrics

Total Carbon Emissions:4,547.75 tCO2e/year (Scope 1 and 2)
Scope 1 Emissions:268.05 tCO2e/year
Scope 2 Emissions:4,279.70 tCO2e/year
Scope 3 Emissions:21,877.61 tCO2e/year
Total Energy Consumption:7,149.52 MWh/year (non-renewable) + 904.06 MWh/year (solar)
Water Consumption:183,368.27 m3/year
Waste Generated:2,830 tons/year

ESG Focus Areas

  • Governance
  • Environment
  • Social

Environmental Achievements

  • Recycled 1,568 tons of recyclable waste (55.4% of total waste).
  • Reduced waste to the environment by 99% by recycling leftover concrete.
  • Used environmentally friendly materials for at least 30% of all materials used.

Social Achievements

  • Decreased employee turnover rate by 10.20% compared to 2020.
  • Provided 100% of employees with access to two COVID-19 vaccinations.
  • Granted marriage leave benefits to same-sex couples.
  • Initiated the “No One Left Behind” program, helping 80 communities.
  • Donated over 50 oxygen concentrators and helped build 380 toilets for field hospitals.
  • Supported the children’s football training program at Sansiri Academy for 18 years (9,600+ participants).

Governance Achievements

  • Received zero complaints regarding employees violating the Code of Business Conduct and Anti-Corruption Policy.
  • Reduced project procurement costs by 407 million baht (exceeding the target by 70%).
  • 980 SMEs participated in “Sansiri Family Market SME – Build Together”, generating over 4 billion baht for entrepreneurs.

Climate Goals & Targets

Long-term Goals:
  • Use alternative energy in 100% of new projects by 2030.
Medium-term Goals:
  • Reduce waste by 10% by 2027.
  • Reduce energy consumption by 10% by 2027.
Short-term Goals:
  • Reduce water consumption by 10% by 2022.
  • Reduce greenhouse gas emissions by 10% by 2022.
  • Achieve 50% renewable energy in new projects by 2022.

Environmental Challenges

  • COVID-19 pandemic impacting Thailand's economy and Sansiri's operations.
  • Increasing material prices affecting business operations.
  • Risks from natural disasters due to climate change and global warming.
Mitigation Strategies
  • Implemented business continuity plans and a “Company’s Situation Management Centre” to address the COVID-19 pandemic.
  • Procured construction materials directly from manufacturers, identified more trading partners, and monitored material price changes.
  • Implemented measures to reduce the severity of natural disasters through reducing environmentally damaging activities, using alternative energy, and managing waste effectively.

Supply Chain Management

Supplier Audits: 6 audits in 2021

Responsible Procurement
  • Supplier Code of Conduct
  • Sustainability risk assessment
  • Procurement of environmentally friendly materials
  • Child labor-free practices
  • ESG criteria in supplier audits

Climate-Related Risks & Opportunities

Physical Risks
  • Natural disasters
Transition Risks
  • Increasing material prices
  • Climate change affecting geographic conditions
Opportunities
  • Increased use of alternative energy
  • Use of environmentally friendly materials

Reporting Standards

Frameworks Used: GRI Standards (Core Option)

Sustainable Products & Innovation

  • In-house production of steel grates to reduce waste.
  • Use of recycled concrete panels.
  • Water-saving sanitaryware.
  • Nippon Paint AirCare paint (Zero VOCs).

Awards & Recognition

  • BCI Asia Top 10 Developers Award (2020-2021)
  • Thailand Sustainability Investment (THSI) list
  • Marketeer No.1 Brand Thailand (Condominium and Townhome categories)
  • The Most Powerful of Real Estate Brand 2021
  • Honorable Mention for Model Organization in Human Rights 2021
  • Plaque of Honour in recognition as an organization that helps the country to overcome the COVID-19 situation

Reporting Period: 2022

Environmental Metrics

Total Carbon Emissions:7,421.23 tCO2e/year (Scope 1 & 2) + 2,788,278.72 tCO2e/year (Scope 3)
Scope 1 Emissions:576.37 tCO2e/year
Scope 2 Emissions:6,844.85 tCO2e/year
Scope 3 Emissions:2,788,278.72 tCO2e/year
Total Energy Consumption:13,941.00 MWh/year (non-renewable) + 714.38 MWh/year (renewable)
Water Consumption:327,294.45 m3/year
Waste Generated:560.82 tons/year
Carbon Intensity:0.21 tCO2e/million THB in 2022 (Scope 1 & 2).

ESG Focus Areas

  • Environment
  • Social
  • Governance

Environmental Achievements

  • Reduced greenhouse gas emissions by 999 tonCO2e through solar panel installations in over 700 homes.
  • Reduced greenhouse gas emissions by 680 tonCO2e through EV charger installations in 400 single-detached houses.
  • Reduced waste by 11% and recycled 42% of recyclable waste.
  • Reduced energy usage by an average of 43.65% (150,424 kW/hour) through green construction innovations.
  • Reduced waste by an average of 43% (1,600 cu.mt) through green construction innovations.
  • Reduced diesel fuel usage by an average of 78.57% (2,743 liters) through green construction innovations.
  • Reduced energy intensity by 8% compared to 2021.

Social Achievements

  • Launched the "Zero Dropout" initiative, raising 100 million baht to support children at risk of dropping out of school; 907 students supported.
  • Decreased employee turnover rate by 1% compared to 2021.
  • Provided 51,995 hours of employee training.
  • Initiated a mortgage program with 8 bank partners for LGBTQ+ couples.
  • Implemented "Live Equally" welfare policy, granting marriage leave benefits to same-sex couples.
  • Ran the Sansiri Academy children's football training program for 16 years, with over 10,000 participants.

Governance Achievements

  • 100% of Board of Directors, executives, and employees completed anti-corruption training; zero complaints received regarding Code of Conduct violations.
  • Reduced project procurement costs by 568 million baht (exceeding the target by 13%).
  • Achieved a customer satisfaction score of 88.81%.

Climate Goals & Targets

Long-term Goals:
  • Achieve Net-Zero emissions by 2050.
Medium-term Goals:
  • Reduce greenhouse gas emissions (Scope 1, 2, and 3) by 50% by 2033.
Short-term Goals:
  • Reduce greenhouse gas emissions (Scope 1 and 2) by 20% by 2025.
  • Install EV chargers in all Sansiri single-detached houses by 2025.
  • Install solar panels in all Sansiri homes by 2025.
  • Install solar panels in clubhouses at new projects by 2025.
  • Switch all corporate vehicles to battery-electric (EV) by 2025.
  • Equip common areas at new projects with solar-powered water pumps and water treatment systems by 2025.
  • Switch all machinery to biodiesel fuel by 2025.
  • Reduce water consumption at Siri Campus to no more than 2 cubic meters per person.

Environmental Challenges

  • Economic volatility and competitive environment affecting consumer purchasing power and increasing market competition.
  • Climate change risks, including physical risks (extreme weather) and transition risks (regulatory changes, market shifts).
  • Information technology transformation and cyber threats.
  • Fluctuations in interest and exchange rates impacting financial costs and investment decisions.
Mitigation Strategies
  • Adjusted business strategies to align with market direction and consumer demand; developed new products and improved work processes for efficiency.
  • Implemented a Climate Change Risk Management Plan, setting Net-Zero targets for 2050 (20% reduction in Scope 1 and 2 emissions by 2025, 50% reduction in Scope 1, 2, and 3 emissions by 2033).
  • Invested 500 million baht in green innovations.
  • Strengthened cybersecurity systems through regular inspections, software updates, and employee training.
  • Managed funding sources through diverse channels (project loans, debentures) to adapt to interest rate changes and mitigate foreign exchange risks.

Supply Chain Management

Supplier Audits: 28% of critical suppliers audited under ESG criteria in 2022.

Responsible Procurement
  • Sansiri Supplier Code of Conduct
  • Green Procurement Policy
  • ESG assessment of suppliers
  • Prioritization of local suppliers (over 90% of procurement value from local suppliers in Bangkok and surrounding suburbs in 2022).

Climate-Related Risks & Opportunities

Physical Risks
  • Acute changes in natural disasters (higher temperatures, floods)
  • Chronic changes in climate patterns (severe storms/droughts)
Transition Risks
  • Policies, laws & regulations
  • Technological changes
  • Market changes
  • Corporate reputation
Opportunities
  • Increased demand for environmentally-friendly housing.
  • Development of energy-efficient products and services.

Reporting Standards

Frameworks Used: GRI Standards – Revision 2021, UN Sustainable Development Goals (SDGs)

Sustainable Products & Innovation

  • Pre-fabricated bathrooms
  • Solar roofs
  • EV chargers
  • Smart home technology

Awards & Recognition

  • Best Brand Performance on Social Media (Thailand Zocial Awards 2022)
  • Eternal Award from Terra BKK
  • Thailand Sustainability Investment (THSI) 2022 (environmental rating over 87 points)
  • Company That Young People Most Wanted To Work For (WorkVenture)
  • Collaboration of The Year 2022 ("This House Ha Ha Ha" campaign)
  • Human Rights Model Organization of the Year 2022
  • Network Organization Award for Gender Equality Promotion
  • Honorable Mention for Supporting the Employment of Persons with Disabilities