Climate Change Data

Mitr Phol Group

Climate Impact & Sustainability Data (2019-11 to 2022-12, 2022, 2023)

Reporting Period: 2019-11 to 2022-12

Environmental Metrics

Total Carbon Emissions:Not disclosed
Scope 1 Emissions:Not disclosed
Scope 2 Emissions:Not disclosed
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:Not disclosed
Water Consumption:Not disclosed
Waste Generated:Not disclosed
Carbon Intensity:Not disclosed

ESG Focus Areas

  • Environment
  • Waste Management

Environmental Achievements

  • Reduced total net freshwater consumption from 25.07 million cubic meters in 2019 to 19.28 million cubic meters in 2022.
  • Increased renewable energy consumption from 16,676,418.90 MWh in 2019 to 18,456,962.94 MWh in 2022.

Social Achievements

  • Not disclosed

Governance Achievements

  • Not disclosed

Climate Goals & Targets

Long-term Goals:
  • Not disclosed
Medium-term Goals:
  • Not disclosed
Short-term Goals:
  • Reduce total net freshwater consumption by 5% from 2021 levels.
  • Reduce total waste disposed by 5% from 2021 levels.

Environmental Challenges

  • Not disclosed
Mitigation Strategies
  • Not disclosed

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • Not disclosed

Climate-Related Risks & Opportunities

Physical Risks
  • Not disclosed
Transition Risks
  • Not disclosed
Opportunities
  • Not disclosed

Reporting Standards

Frameworks Used: GRI

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

  • Not disclosed

Not disclosed

Sustainable Products & Innovation

  • Not disclosed

Awards & Recognition

  • Not disclosed

Reporting Period: 2022

Environmental Metrics

Total Carbon Emissions:2,305,887 tCO2e (2022)
Scope 1 Emissions:565,424 tCO2e (2022)
Scope 2 Emissions:78,152 tCO2e (2022)
Scope 3 Emissions:1,776,665 tCO2e (2022)

ESG Focus Areas

  • Climate Change
  • Environmental Sustainability
  • Human Rights
  • Sustainable Development

Environmental Achievements

  • Embedding the concept "From Waste to Value Creation" into raw material development, resulting in higher quality sugar and bio-products.
  • Developing ethanol for use in automotive and aviation fuel (SAF).

Social Achievements

  • Implementing Human Rights Due Diligence (HRDD) following UN Guiding Principles on Business and Human Rights (UNGP).

Governance Achievements

  • Established Group’s sustainability committee, Risk management committee (RMC), and climate action steering committee to oversee climate-related strategies.

Climate Goals & Targets

Long-term Goals:
  • Achieve net-zero greenhouse gas emissions by 2050.
Medium-term Goals:
  • Achieve carbon neutrality by 2030 by cutting emissions in scopes 1 and 2 by 42% and Scope 3 by 25% from the 2021 base year.
Short-term Goals:
  • Reduce direct GHG emissions (Scope 1), energy indirect GHG emissions (Scope 2), and other indirect GHG emissions (Scope 3) by 5% per revenue compared to 2021.

Environmental Challenges

  • Global climate change intensifying extreme weather and weather-related disasters.
  • Physical risks (drought, storm, flood, temperature increase) impacting sugarcane farming, sugar production, and energy business.
  • Transitional risks (market, technology, policy-legal, reputation) related to low-carbon transition.
  • Extreme drought from El Niño impacting water supply and sugarcane production.
Mitigation Strategies
  • Oasis project, collaboration with government for water reservoirs, solar pumps.
  • Promoting 4R's project to reduce water intake, upgrading wastewater treatment.
  • Annual water risk measurement using AQUEDUCT.
  • Internal carbon pricing.
  • Setting emission reduction targets.
  • Energy conservation projects, improving manufacturing processes, using renewable energy.
  • Promoting Mitr Phol ModernFarm for sugarcane farming.
  • Providing reservoirs for sugarcane plantation areas, improving water efficiency, utilizing underground water and solar PV for water pump stations.

Supply Chain Management

Responsible Procurement
  • Bonsucro certification or other regenerative farm systems

Climate-Related Risks & Opportunities

Physical Risks
  • Drought
  • Flood
  • Storm
  • Increasing Temperature
Transition Risks
  • Market changes
  • Technological changes
  • Policy and legal changes (carbon tax)
  • Reputational risks
Opportunities
  • Renewable energy
  • Low-carbon products
  • Carbon credit market

Reporting Standards

Frameworks Used: TCFD

Third-party Assurance: Third-party limited assurance for GHG emissions Scope 1 and 2 (2019-2021), extended to Scope 3 in 2022

Sustainable Products & Innovation

  • Bio-based aviation fuel (SAF)
  • Chemical products (carboxylate products)
  • Bio-packaging
  • Biopolymers
  • Low-carbon sugar

Reporting Period: 2023

Environmental Metrics

Total Carbon Emissions:1.81 MtCO2e/year (2023)
Scope 1 Emissions:0.43 MtCO2e/year (2023)
Scope 2 Emissions:0.08 MtCO2e/year (2023)
Scope 3 Emissions:1.3 MtCO2e/year (2023)
Renewable Energy Share:Not disclosed
Total Energy Consumption:Not disclosed
Water Consumption:Not disclosed
Waste Generated:Not disclosed
Carbon Intensity:Not disclosed

ESG Focus Areas

  • Climate Change
  • Circular Economy
  • Sustainable Development
  • Good Corporate Governance

Environmental Achievements

  • Achieved Carbon Neutrality at Mitr Phol Dan Chang Complex
  • Reduced GHG emissions (details in Metrics section)

Social Achievements

  • Empowering farmers through "Mitr Phol ModernFarm" approach
  • Disseminating modern farming techniques to the educational sector
  • Adding value to agricultural products through "From Waste to Value Creation" concept

Governance Achievements

  • Established Sustainability Committee and Risk Management Committee to oversee climate change and related risks
  • Integrated TCFD principles across all business units

Climate Goals & Targets

Long-term Goals:
  • Reach Net Zero emissions by 2050
Medium-term Goals:
  • Achieve SBTi near-term targets by 2030
Short-term Goals:
  • Achieve carbon neutrality (Scope 1&2) by 2030

Environmental Challenges

  • Physical risks (extreme heat, drought, water stress, flooding)
  • Transition risks (market shifts, technology changes, policy and legal changes, reputational risks)
  • Supply chain disruptions due to climate events
Mitigation Strategies
  • Water reduction in sugarcane plantation
  • Oasis project collaboration with government for water reservoirs
  • Installation of solar pumps in agricultural areas
  • Promoting 4Rs project (Reduce, Reuse, Recycle, Resource)
  • Upgrading wastewater treatment systems
  • Encouraging farmers to adopt sustainable farming practices
  • Using environmentally friendly packaging
  • Reducing use of non-reusable packaging
  • Switching to clean energy in production
  • Using EVs to replace fossil fuel vehicles
  • Developing low-carbon products
  • Reforestation projects
  • Investing in renewable energy
  • Obtaining sustainability-linked loans

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • Sustainable procurement practices
  • Collaboration with suppliers to reduce GHG emissions
  • Bonsucro and other regenerative farm standards

Climate-Related Risks & Opportunities

Physical Risks
  • Extreme heat
  • Drought
  • Water stress
  • Flooding
Transition Risks
  • Market shifts
  • Technology changes
  • Policy and legal changes
  • Reputational risks
  • Carbon Tax
Opportunities
  • Renewable energy
  • Low-carbon products
  • Biojet fuel
  • Carbon credits and RECs

Reporting Standards

Frameworks Used: TCFD, SBTi, GHG Protocol

Certifications: Null

Third-party Assurance: Third-party limited assurance for GHG emissions (Scope 1, 2, and 3)

UN Sustainable Development Goals

  • Not disclosed

Aligned with UN SDGs

Sustainable Products & Innovation

  • Low-carbon products
  • Biojet fuel

Awards & Recognition

  • Not disclosed