Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environment
• Social
• Governance

Environmental Achievements

• ISO 14001: 2015 certified since 2015
• Preparing for ISO 45001: 2018 certification in 2020
• Systematic waste management and participation in the green factory project

Social Achievements

• Various CSR activities throughout 2019, including support for Children’s Day, flood victims, and community projects.
• Promoting activities for the benefits of surrounding communities and for protection of environment

Governance Achievements

• Adopted good corporate governance principles
• Established a Compliance Department
• Implemented restructuring according to the holding company operation

Climate Goals & Targets

Environmental Challenges

• Risk from lower-than-expected electricity output due to internal (equipment efficiency) and external factors (solar intensity, climate change, natural disasters)
• Risk from reliance on EPC contractors
• Risk from changes in government policies
• Exchange rate risk due to overseas investments

Mitigation Strategies

• Feasibility studies and consultant for EPC contractor selection
• Output performance guarantee and equipment warranty from EPC contractors
• Stringent selection process for EPC contractors and engagement of technical consultants
• Monitoring government policies and adjusting business strategies
• Natural hedge through financing loans in the same foreign rate as income, and use of financial instruments to reduce exchange rate risk

Supply Chain Management

Responsible Procurement

• Strict process of EPC Contractors selection

Climate-Related Risks & Opportunities

Physical Risks

• Floods, storms, fire

Transition Risks

• Changes in government policies

Awards & Recognition

• Asia’s Best Performing Companies at ACES AWARDS 2018

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• Received ISO 14001:2015 certification in 2015 and began preparing for ISO 45001:2018 in 2020.
• Launched a Green Factory Project and participated in the Green Industry project by the Ministry of Industry, achieving Green Industry Level 3.
• Implemented energy conservation measures.
• Developed the first private floating solar farm project (8 MW) in Prachinburi Province.

Social Achievements

• Maintained employee numbers and salaries during the COVID-19 pandemic.
• Provided complete COVID-19 vaccinations for employees and contractors.
• Supported community initiatives, including donations to hospitals and provision of equipment for field hospitals.
• Achieved an 81% average employee satisfaction and organizational commitment score (higher than Thailand's average).

Governance Achievements

• Established a clear scope of authority, duties, and responsibilities for Board members and the CEO.
• Implemented a rigorous selection process for EPC contractors and engaged technical consultants.
• Established an anti-corruption policy and joined the Thai Private Sector Collective Action Coalition Against Corruption (CAC).
• Established a whistle-blowing system.

Climate Goals & Targets

Environmental Challenges

• Lower-than-expected electricity output due to external factors (solar intensity, climate change, natural disasters) and internal factors (equipment efficiency).
• Reliance on EPC contractors.
• Changes in government policies.
• Interest rate volatility.
• Exchange rate volatility.

Mitigation Strategies

• Engaged technical consultants for feasibility studies and contractor selection.
• EPC contractors provided output performance guarantees and equipment warranties.
• Closely monitored government policies and adjusted business plans accordingly.
• Maintained an appropriate fixed-to-floating interest rate ratio.
• Closely monitored exchange rate movements and considered hedging strategies.

Supply Chain Management

Climate-Related Risks & Opportunities

Awards & Recognition

• Asia’s Best Performing Companies at ACES AWARDS 2018

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• Implemented an environmental management system (ISO 14001:2015) and occupational health and safety management system (ISO 45001:2018)
• Developed clean and modern technologies to make operations more efficient
• Achieved Green Industry Level 3 certification

Social Achievements

• Complete vaccinations provided for employees and contractors during the COVID-19 pandemic
• Employee satisfaction and engagement survey reported at 79% in 2022
• Various CSR activities supporting communities and environmental protection

Governance Achievements

• Operates under ethical principles and legal compliance
• Established a robust corporate governance structure with clear roles and responsibilities for the Board, committees, and management
• No complaints or breaches of policies or practices related to corruption or unethical practices in 2022

Climate Goals & Targets

Environmental Challenges

• Lower-than-expected electricity output due to internal (equipment efficiency) and external (climate, natural disasters) factors
• Reliance on EPC contractors
• Changes in government policies
• Interest rate volatility
• Exchange rate volatility
• Price volatility and limited supply of wood chips for biomass power plants
• Maintaining financial ratios
• Loss of key personnel
• Potential labor shortage
• Risk of employee error
• Safety, occupational hygiene, and working environment risks in biomass plants
• Credit risk
• Liquidity risk

Mitigation Strategies

• Feasibility studies and consultant engagement for solar PV power plant construction, output performance guarantees, and equipment warranties
• Stringent EPC contractor selection process and technical consultant engagement
• Monitoring government policies and adjusting business strategies
• Managing fixed-to-floating interest rate ratio
• Monitoring and analyzing exchange rate movements and using hedging instruments
• Studying wood chip availability, investing in wood chippers, and maintaining adequate inventories
• Implementing measures to maintain net debt to equity ratio below required limits, establishing reserve line and financial instruments
• Succession planning and employee development
• Expanding recruitment channels and employee development
• Establishing work processes, manuals, and training programs
• Providing PPE, conducting risk analyses, and assessing employee health
• Risk assessment and mitigation strategies for financial assets
• Maintaining sufficient cash and committed credit facilities, monitoring liquidity ratios, and maintaining financing plans

Supply Chain Management

Responsible Procurement

• Strict process of EPC Contractors selection
• Focus on quality control of electricity generation process
• Establishing business relationships with reputable allies

Climate-Related Risks & Opportunities

Physical Risks

• Natural disasters (floods, storms, fire)

Transition Risks

• Changes in government policies related to energy

Opportunities

• Growth in renewable energy sector

Awards & Recognition

• Asia’s Best Performing Companies at ACES AWARDS 2018