Climate Change Data

Environmental Metrics

ESG Focus Areas

• Social
• Environmental
• Governance

Environmental Achievements

• Implemented TQM system to improve productivity, reduce waste, and lower energy consumption.
• Wastewater treatment system for recycling water in production.
• Recycled discarded tiles into new tile production.
• Relocated ore grinding plant to mine to reduce dust pollution.
• Energy management policy and appointed energy conservation committee.
• Implemented ISO50001:2018 energy management system.
• Energy saving projects: switching to LED lights, replacing motors, relocating Cooling Tower and Air Compressor.
• Paper reduction program.
• Carbon Reduction Label from Thailand Environment Institute.
• Green Factory policy.
• Zero Waste policy using 3R principles (Reduce, Reuse/Recycle, Replenish).
• Participation in environmental governance project with the Ministry of Industry.
• Water conservation campaign.

Social Achievements

• Employee wellbeing initiatives: health checkups, health insurance, accident insurance, employee sports clubs, competitions, Weight Loss Contest, safety training.
• Employee development: training programs (4.84 average training hours per employee in 2018), OHSAS18001:2007 safety and health management system.
• Good labor relations management certificate from Saraburi Province.
• Support for youth education: 77 scholarships (2,000 THB each).
• Welfare store for employees.
• Awards for outstanding employees.
• Gifts for retiring employees.
• Gifts for Labor Day.
• Charity activities.
• No child labor or illegal labor.
• No discrimination based on gender, race, or religion.
• Established employee welfare committee and personnel management committee.
• Community development projects: donations to local government, schools, temples, and housing projects for the poor.
• Donation of unused materials to wheelchair project.
• Donation of unused cloth bags to hospital.
• Donation to flood victims in Laos.
• Donation to Nong Khae Hospital.

Governance Achievements

• Board diversity: 4 independent directors (more than 1/3 of total directors), diverse expertise among directors.
• Transparent and fair process for selecting new directors.
• Disclosure of director information in annual report and website.
• Independent directors are independent from management and major shareholders.
• Code of conduct for directors, executives, and employees.
• Regular review and approval of vision, mission, and business ethics (no more than every 5 years).
• Whistle-blowing policy.
• Disclosure of director and executive compensation.
• ESG100 Certificate from Thai Pattan Institute.

Climate Goals & Targets

Environmental Challenges

• Intense competition from imported tiles (especially from India and China) due to lower production costs.
• Slowing economy and reduced demand.
• Impact of US-China trade war on exports.
• Increased production costs due to higher oil prices.
• Risk of obsolescence of tile designs.
• Risk of financial challenges due to debt repayment.
• Risk of domination by major shareholders.
• Fluctuation in exchange rates.

Mitigation Strategies

• Developing new products with good quality and reasonable prices.
• Exploring new business opportunities.
• Market research to understand design trends.
• Continuous product development and innovation (Innovative Tiles).
• Implementing new information systems to improve efficiency.
• Developing online sales channels.
• Seeking new high-quality products related to tiles.
• Careful management of cash flow to meet debt obligations.
• Transparency and good governance policies to mitigate shareholder domination risks.
• Using forward contracts to hedge against exchange rate fluctuations.
• Implementing ERP system (SAP S/4 HANA) to improve efficiency and traceability.

Supply Chain Management

Responsible Procurement

• Selection of ethical suppliers who comply with laws and have social and environmental responsibility.

Climate-Related Risks & Opportunities

Sustainable Products & Innovation

• Innovative Tiles
• Tiles with natural designs using digital printing technology

Awards & Recognition

• ESG100 Certificate from Thai Pattan Institute
• Good labor relations management certificate from Saraburi Province

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• Signed a contract to purchase electricity from solar power generation of 4 megawatts at the factory, resulting in cost savings and environmental protection.

Social Achievements

• Provided assistance and support to those affected by the COVID-19 pandemic.
• Donated to various community projects.
• Provided scholarships to children of employees.

Governance Achievements

• Implemented good corporate governance principles.
• Established a whistle-blowing system.
• Executive compensation linked to ESG: Yes (implicitly, as mentioned in the report)

Climate Goals & Targets

Environmental Challenges

• Impact of COVID-19 pandemic on supply chains and operations.
• Increase in production costs due to energy and raw material prices.
• Losses from subsidiary TTC.
• Competition and price pressure.

Mitigation Strategies

• Synergy in group management for efficient human resource management.
• Implementation of Digital Technology in Logistic Management System and Data Cloud Storage.
• Development of CRM Royalty Program.
• Increased proportion of Innovative Tiles Series in the market.
• Expansion into Non-Tiles products.
• Cost reduction initiatives.
• Investment in renewable energy (solar power).

Supply Chain Management

Responsible Procurement

• Ethical sourcing of raw materials and services.

Climate-Related Risks & Opportunities

Opportunities

• Development of energy-efficient products and processes.

Reporting Standards

Frameworks Used: UN Global Compact, UN SDGs

Certifications: ISO 14001, ISO 45001

Sustainable Products & Innovation

• Anti-slip tiles
• Negative ion tiles
• Anti-bacteria tiles

Awards & Recognition

• ESG100 Certificate from Thai Pattan Institute

Environmental Metrics

ESG Focus Areas

• Environment
• Social
• Governance

Environmental Achievements

• Received Green Industry Level 2 certification from the Department of Industrial Works.
• UMI Solar Rooftop project reduced CO2 emissions by 2,992 tCO2 per year.
• Implemented 3R and Circular Economy strategies for waste management.
• Recycled scrap tiles for use in body filler, reducing waste and material costs.

Social Achievements

• Provided training hours averaging 2.88 hours per employee in 2023 (increased from 2.05 hours in 2022).
• Reduced workplace accidents to 4 in 2023 from 5 in 2022.
• Certified as having a good labor management system during the COVID-19 crisis.
• Donated tiles to schools (1,738 sq m total) and provided other community support.

Governance Achievements

• Received ESG100 Certificate from the Thai Pattan Institute.
• Complied with the CG CODE and principles of good corporate governance.
• Board diversity includes independent and women directors (specific percentages not provided).

Climate Goals & Targets

Environmental Challenges

• 20% increase in production costs due to rising energy prices from the Russia-Ukraine war.
• Inability to fully offset increased costs through price increases due to market recovery from the COVID-19 pandemic.
• Competition from imports from countries like China and India with lower production costs.
• Fluctuations in exchange rates.

Mitigation Strategies

• Implemented energy saving policies, including solar rooftop installation and exploration of alternative energy sources.
• Improved plant utilization to increase sales and reduce unit production costs.
• Developed innovative products (e.g., large-size tiles, premium tiles, non-tiles) to capture market share.
• Used forward contracts to hedge against exchange rate fluctuations.

Supply Chain Management

Responsible Procurement

• Ethical sourcing of raw materials and services.

Climate-Related Risks & Opportunities

Opportunities

• Development of energy-efficient products.

Reporting Standards

Frameworks Used: UN Global Compact, UN SDGs

Certifications: Green Industry Level 2

UN Sustainable Development Goals

• Goal 6
• Goal 7
• Goal 8
• Goal 12
• Goal 13

Initiatives contribute to these goals through energy efficiency, water recycling, sustainable product development, waste reduction, and carbon emission reduction.

Sustainable Products & Innovation

• Anti-slip tiles
• Anti-bacteria tiles
• Air purify tiles

Awards & Recognition

• ESG100 Certificate