Sunsweet Public Company Limited
Climate Impact & Sustainability Data (2022, 2023)
Reporting Period: 2022
Environmental Metrics
Total Carbon Emissions:10,678 tons of carbon dioxide equivalents (kgCO2e)
Scope 1 Emissions:5,036 tons of carbon dioxide equivalents (kgCO2e)
Scope 2 Emissions:5,642 tons of carbon dioxide equivalents (kgCO2e)
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:2,185,351 kilowatts
Water Consumption:500,000 cubic meters (estimated)
Waste Generated:227,555 kilograms of general waste; 114,765 kilograms of recyclable waste
Carbon Intensity:3.63 tons of carbon dioxide or equivalent per million baht
ESG Focus Areas
- Environmental
- Social
- Governance
Environmental Achievements
- Solar Rooftop Project Phase 3 with a power generation capacity of 186 kWp
- Biogas production project from corn cobs to generate 1 megawatt of electricity
- Reduced greenhouse gas emissions by 1,237 tons of carbon dioxide equivalents (kgCO2e)
Social Achievements
- Awarded scholarships to support education for 32 students
- Processed Mali-Ong bananas into dried banana sticks with Ban Khwae Community Enterprise
- Donated medical equipment to Thungsatok Subdistrict Municipality
Governance Achievements
- Awarded an A+ grade in unannounced British Retail Consortium (BRC) audits and the IFS standard at the Higher-Level
- Improved production process by installing machinery to increase efficiency, quality and reduce costs
- Complied with agreements of the creditors and financial institutions
Climate Goals & Targets
Long-term Goals:
- Not disclosed
Medium-term Goals:
- Expand the Big Smart Farm project to 250 points in 3-5 years
Short-term Goals:
- Reduce greenhouse gas emissions by at least 10% within 3 years
Environmental Challenges
- Fluctuation in sweet corn output and prices due to climate change, natural disasters, and government policies
- Changes in European Union (EU) trade measures
- Risk of major shareholders influencing management policy
- Risk from dependence on directors and key executives in management
- Foreign exchange volatility
- COVID-19 outbreak
- Cyber threats
Mitigation Strategies
- Contract farming with over 20,000 farmers
- Smart Farming program
- Diversification of management power
- Decentralized management
- Forwarding contract with a financial institution
- Close monitoring of exchange rate risk
- Working group to monitor COVID-19 situation
- IT security policy and employee training
- Advanced network security and strict security controls
Supply Chain Management
Supplier Audits: Not disclosed
Responsible Procurement
- Contract farming
- Smart Farming
- Supplier code of conduct
Climate-Related Risks & Opportunities
Physical Risks
- Floods
- Droughts
Transition Risks
- Changes in government policies
Opportunities
- Renewable energy projects
Reporting Standards
Frameworks Used: GRI, SASB, TCFD, UNGC
Certifications: ISO 14001:2015, BRCGS, IFS, HALAL, GHP, HACCP, GAP
Third-party Assurance: PricewaterhouseCoopers ABAS Ltd.
Sustainable Products & Innovation
- Ready-to-eat products
- Dried banana sticks
Awards & Recognition
- 2009: Winner of the 2nd National SMEs Contest
- 2010: Prime Minister’s Industry Award
- 2011: Thailand Prime Minister’s Export Award
- 2019: Prime Minister’s Export Award
- 2020: Prime Minister's Award
- 2021: SET Awards, Prime Minister's Export Award
- 2022: Outstanding Award, Excellent Rating from CGR
Reporting Period: 2023
Environmental Metrics
Total Carbon Emissions:13,110 tCO2e/year (2023)
Scope 1 Emissions:6,203 tCO2e/year (2023)
Scope 2 Emissions:6,907 tCO2e/year (2023)
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:3,968,160 kWh/year (2023)
Water Consumption:Not disclosed
Waste Generated:210,000 kg/year (2023)
Carbon Intensity:3.55 TonCO2e/million baht (2023)
ESG Focus Areas
- Environmental
- Social
- Governance
Environmental Achievements
- Implemented Solar Rooftop Projects (Phases 1-3), generating 1,161 megawatts of electricity in 2023.
- 80% of treated wastewater is recycled.
- Biogas production project from corn cobs, generating electricity for factory use and sale to the Provincial Electricity Authority of Thailand (PEA).
- Reduced greenhouse gas emissions per sales revenue from 3.97 TonCO2e/million baht in 2021 to 3.55 TonCO2e/million baht in 2023.
Social Achievements
- Employs 13 workers with disabilities.
- Provided 16 training courses for employees in 2023, aiming for 42 training hours per employee per year.
- Employee turnover rate of 10.94% for daily employees and 1.19% for monthly employees in 2023.
- Participated in community activities, including educational support projects and tree planting.
Governance Achievements
- Received BRCGS grade A+ and IFS Higher Level certifications in 2023.
- Improved production processes by installing new machinery.
- Implemented a paperless policy, reducing paper usage and energy consumption.
- Consistently received excellent ratings in Corporate Governance Reports (CGR) for three consecutive years.
Climate Goals & Targets
Long-term Goals:
- Not disclosed
Medium-term Goals:
- Expand Big Smart Farm project to 250 points in 3-5 years.
Short-term Goals:
- Reduce greenhouse gas emissions by at least 10% within 3 years from the 2021 baseline.
Environmental Challenges
- Economic change and uncertainty due to international conflicts.
- Risk of changes in European Union (EU) trade measures.
- Risk of foreign exchange volatility.
- Fluctuation in sweet corn output and prices due to climate change and government policies.
- Epidemic risks.
- Risk of major shareholders influencing management policy.
- Risk from dependence on directors and key executives.
- Climate change risks.
Mitigation Strategies
- Closely monitoring economic situations and adjusting marketing strategies.
- Product development using modern innovation and technology.
- Entering into forwarding contracts with financial institutions to minimize foreign exchange volatility risk.
- Contract farming with over 20,000 farmers, Smart Farming program, and raw material promotion team.
- Disease prevention measures, online sales channels, and a working group to monitor and respond to the situation.
- Audit committee consisting of three independent directors, internal audit department, and adherence to good corporate governance principles.
- Organization structure with qualified directors, appointment of a Chief Executive Officer, and decentralized management.
- Developing a sustainability strategy and assessing the impact of climate change risks.
Supply Chain Management
Supplier Audits: Not disclosed
Responsible Procurement
- Contract farming with farmers and brokers
- Smart Farming project
- Code of Conduct for Partners
Climate-Related Risks & Opportunities
Physical Risks
- Floods
- Droughts
Transition Risks
- Changes in government policies
Opportunities
- Development of energy-efficient products and processes
Reporting Standards
Frameworks Used: GRI, SASB, TCFD, UNGC
Certifications: ISO 14001:2015, BRCGS Grade A+, IFS Higher Level, HALAL
Third-party Assurance: PricewaterhouseCoopers ABAS Ltd.
UN Sustainable Development Goals
- Goal 3 (Good Health and Well-being)
- Goal 7 (Affordable and Clean Energy)
- Goal 8 (Decent Work and Economic Growth)
- Goal 9 (Industry, Innovation and Infrastructure)
- Goal 12 (Responsible Consumption and Production)
- Goal 13 (Climate Action)
The company's initiatives contribute to these goals through various environmental, social, and governance programs.
Sustainable Products & Innovation
- Not disclosed
Awards & Recognition
- 2nd National SMEs Contest winner (2009)
- Prime Minister’s Industry Award (2010)
- Thailand Prime Minister’s Export Award (2019, 2021)
- Prime Minister's Award (2020)
- SET Awards (2021)
- Outstanding Prime Minister’s Export Award for Best BCG Export Business (2023)
- Thailand Energy Award (2023)
- Creator Awards (2023)
- Inventor Awards (2023)