Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environmental Responsibility
• Social Responsibility
• Governance

Environmental Achievements

• Launched TTA Zero Waste Project, collecting approximately 50 kilograms of plastic waste for recycling.
• Reduced greenhouse gas emissions (Mermaid Maritime): Scope 1 down 6% compared to 2019, Scope 2 down 19% compared to 2019.
• Thoresen Shipping reduced plastic waste by implementing a campaign to reduce plastic use and production.

Social Achievements

• Launched "Maritime Cooks Training Program" in collaboration with Nakhon Si Thammarat Vocational College, graduating over 550 students.
• Provided Food Safety Training to 100% of Pizza Hut suppliers.
• Conducted "Leading with Heart" training for Pizza Hut employees on self-awareness and soft skills.
• Granted 31 scholarships totaling 248,000 Baht through the Thoresen Maritime Awards.

Governance Achievements

• Announced participation in Thailand’s Private Sector Collective Action Against Corruption (CAC) in 2019, aiming for certification by 2021.
• Developed Supplier Code of Conduct, planned for review and approval by the Board in 2021.
• Established various communication channels for reporting corruption practices.

Climate Goals & Targets

Environmental Challenges

• Reducing plastic waste from usual business operation.
• Reducing the turnover rate of TTA and subsidiaries’ employees.
• Greenhouse gas emissions from shipping and offshore services businesses.
• Managing supply chains considering social and environmental factors.

Mitigation Strategies

• 30% reduction in plastic waste within 3 years from 2020.
• Implementation of various initiatives to improve employee retention.
• Following MARPOL Annex VI regulations, switching to low-sulfur fuel oil, and implementing energy efficiency measures.
• Developing and implementing a Supplier Code of Conduct, and establishing procurement criteria that prioritize social and environmental factors.

Supply Chain Management

Responsible Procurement

• Supplier Code of Conduct (planned for 2021)
• Procurement criteria prioritizing social and environmental factors
• Food safety testing and quality checks for raw materials (Pizza Hut).

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI Standard: Core Option, Thailand Sustainability Investment (THSI), Sustainable Development Goals (SDGs)

Certifications: International Oil Pollution Prevention Certificate (IOPP Certificate)

Sustainable Products & Innovation

• Eco-packaging from plantation wood (Pizza Hut)

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• Reduced water loss by 29,346,706 million cubic meters, saving 146,733,530 baht (AIM)
• Reduced plastic waste by 114.2 cubic meters (Thoresen Shipping)
• Reduced carbon dioxide equivalent greenhouse gases by 4,604 tCO2e (Mermaid)
• Electricity produced from solar rooftop: 426.4 MWh (AIM)
• Savings from using solar energy-generated electricity: 1,789,798.38 baht (AIM)

Social Achievements

• Organized 26 community engagement activities (TTA Group)
• 85% of employees received human rights and labor practices policy training (TTA and PMTA)
• Zero accidents in the Company (TTA)
• More than 15 training courses for marine personnel (Thoresen Shipping)
• Reduced customer complaints from 416 in 2020 to 282 in 2021 (PHC)

Governance Achievements

• Established Supplier Code of Conduct (TTA)
• 40% of suppliers signed the acknowledgment of the Supplier Code of Conduct (TTA)
• TTA and PHC certified as members of the Thai Private Sector Collective Action Against Corruption (CAC)

Climate Goals & Targets

Environmental Challenges

• COVID-19 pandemic impacting business operations and stakeholder engagement
• Supply chain disruptions
• Greenhouse gas emissions from shipping and other operations

Mitigation Strategies

• Implemented remote online audits (PHC)
• Developed alternative sourcing strategies
• Implemented measures to reduce greenhouse gas emissions (Thoresen Shipping, Mermaid)
• Used IMO Data Collection System (DCS) to record carbon emissions (Thoresen Shipping)
• Switched to low-sulfur fuel oil (LSFO) (Thoresen Shipping)

Supply Chain Management

Supplier Audits: 40% of suppliers signed the Supplier Code of Conduct (TTA), 100% of Pizza Hut suppliers passed food safety standards (PHC), Remote Online Audits (PHC)

Responsible Procurement

• Supplier Code of Conduct
• Criteria for supplier categorization (Critical and Non-Critical)
• Yearly Performance Evaluation
• Supplier self-assessment
• On-Site Audits
• Sustainable Practice Audit Assessment
• Compliance with Yum! Brands, Inc.’s requirements (PHC)
• Procurement of raw materials from sources that do not cause any impact on society and the environment (PHC, STC)

Climate-Related Risks & Opportunities

Physical Risks

• Flooding
• Transport restrictions
• Employee difficulty in traveling

Transition Risks

• Changes in technology
• Consumer expectations for environmentally friendly products

Opportunities

• Development of energy-efficient products and services
• Investment in renewable energy projects

Reporting Standards

Frameworks Used: GRI Sustainability Reporting Standards (Core Option), Sustainable Development Goals (SDGs), Thailand Sustainability Investment (THSI)

Certifications: ISO 9001, ISO 14001, OHSAS 18001 (Mermaid), International Oil Pollution Prevention Certificate (IOPP Certificate) (Thoresen Shipping), Thai Private Sector Collective Action Against Corruption (CAC) (TTA, PHC), Food Safety and Quality Audits (PHC), GFSI (Global Food Safety Initiative) Certification (PHC)

Awards & Recognition

• Quality Persons of the Year 2021 in the Energy and Utilities Sector (Ratchata Titayanurak, AIM)

Environmental Metrics

ESG Focus Areas

• Environment
• Social
• Governance and Economic

Environmental Achievements

• PHC completely replaced light bulbs with LED bulbs for all branches, achieving a 100 percent target.
• TTA’s LTIFR is zero incidents resulting in work stoppage.
• Thoresen Shipping has had zero incidents of violation of the ISM Code and the ISPS.

Social Achievements

• 87 percent of TTA employees participated in the training on human rights policy and labor practices.
• 100 percent of employees who participate in the MAX Performance Plan project have undergone performance evaluation.
• PHC has received an overall customer satisfaction rating of 83 percent based on customer evaluations.

Governance Achievements

• Established a Sustainable Development Committee (SDC) and its Charter.
• Established a Supplier Code of Conduct.
• Implemented the MAX Performance Evaluation Scheme.

Climate Goals & Targets

Environmental Challenges

• TTA’s electricity usage increased by 1.95 percent from 2021, which did not meet the set target.
• The water costs for this year are higher than in 2021 by 14.65 percent, which falls short of the set target.
• The volume of TTA’s paper orders increased by 152.71 percent from 2021, which did not meet the set target.

Mitigation Strategies

• Conversion of fluorescent lamps to LED lamps in TTA head office (approximately 80 percent of the area).
• Yearly training sessions and communication through the company portal system for water consumption reduction.
• Training, online testing, and regular communication with employees for non-hazardous waste reduction.

Supply Chain Management

Supplier Audits: 6 suppliers received risk assessment (TTA)

Responsible Procurement

• Supplier Code of Conduct
• Green Procurement Management Process
• Yearly Performance Evaluation

Climate-Related Risks & Opportunities

Physical Risks

• Flooding
• Transportation limitations
• Travel difficulties for employees

Transition Risks

• Costs associated with technological change
• Ambiguity in climate change response

Opportunities

• Development of energy-efficient products

Reporting Standards

Frameworks Used: GRI Standard: Core Option, Sustainable Development Goals (SDGs), Thailand Sustainability Investment (THSI)

Certifications: ISO 14001:2015 (Mermaid), ISO 50001:2018 (Mermaid)

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• SDG 3, 4, 5, 7, 8, 9, 13

Aligned with the Group’s material topics and targets.

Sustainable Products & Innovation

• P80 Go electric motorcycles

Awards & Recognition

• Not disclosed

Environmental Metrics

ESG Focus Areas

• Environment
• Social
• Governance and Economic

Environmental Achievements

• Reduced carbon dioxide emission by 11 percent, from 340,487 tCO2 in 2022 to 303,009 tCO2 in 2023.
• Reduced electricity usage by 10.92 percent from 2022.
• Reduced water consumption in the main office by 14.37 percent compared to 2022.

Social Achievements

• Achieved zero Lost Time Injury Frequency Rate (LTIFR).
• 72 percent of TTA employees participated in the human rights and labor practices training.
• Provided 6.87 hours of employee training per person per year.
• 100 percent of employees who participated in the MAX Performance Plan project have undergone performance evaluation.
• Granted 30 scholarships totaling Baht 255,000.

Governance Achievements

• Achieved an “AA” rating in the Stock Exchange of Thailand’s Thailand Sustainability Investment (THSI) for the second consecutive year.
• Achieved an “Excellent” CG score, equivalent to “5 stars,” in the 2023 Corporate Governance Report of Thai Listed Companies (CGR) for five consecutive years.
• No reported cases of human rights violations or complaints about occupational health and safety.

Climate Goals & Targets

Environmental Challenges

• Increase in the unit cost of electricity.
• Limited availability of charging stations for electric motorcycles.
• Substantial cost and lengthy payback period for installing solar cell power generation systems.
• Constraints due to building lease agreements and permission needed for solar energy system installation.
• Inconsistency in waste generation data.

Mitigation Strategies

• Office space management to maximize benefits and reduce electricity and water consumption.
• Collaboration with partners for efficient transportation services and distribution of raw materials.
• Feasibility study of installing solar cell power generation systems.
• Exploring the use of electric motorcycles for product deliveries.
• Further analysis of waste generation data in 2024.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Supplier Code of Conduct
• Green Procurement Management Process
• Supplier segmentation criteria
• Supplier risk assessment

Climate-Related Risks & Opportunities

Physical Risks

• Floods, droughts

Transition Risks

• Regulatory changes related to climate change
• Technological changes

Opportunities

• Development of energy-efficient products and services

Reporting Standards

Frameworks Used: GRI Standard: Core Option, Sustainable Development Goals (SDGs), Thailand Sustainability Investment (THSI)

Certifications: ISO 14001 (Mermaid)

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• SDG 7
• SDG 13
• SDG 3
• SDG 4
• SDG 5
• SDG 8
• SDG 9

Initiatives aligned with various SDGs, including energy efficiency, climate change mitigation, health, education, gender equality, economic growth, and innovation.

Sustainable Products & Innovation

• Electric motorcycles for delivery
• One Dough System for pizza dough production
• Upcycled containers for Taco Bell branch

Awards & Recognition

• AA rating from THSI
• Excellent CG score (5 stars) in CGR