Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Safety
• Governance

Environmental Achievements

• Implemented "Minimize Discharge" policy to reduce pollution; treated water from the fifth lamp factory used for trees; introduced an air treatment system; waste sorted and recycled.
• Manufactured green products (lead-free bulbs) complying with EU ELV law; used chemical-free substances or reduced poisonous chemicals.

Social Achievements

• Stanley Thailand Foundation (STF) provided scholarships to 948 students (Pathumthani) and 296 students (Nakornratchasima); donated books to 67 schools (Pathumthani) and 8 schools (Nakornratchasima); donated science, sports, and musical equipment to 13 schools (Pathumthani); donated sports and stationery equipment to 3 schools in Vientiane, Laos.
• STF participated in plant conservation at Rama IX Reservoir Project; donated washing machines, VCD players, and toys to children's centers.

Governance Achievements

• Established an Audit Committee with independent directors; implemented a Code of Conduct; emphasized ethical practices; conducted performance appraisal for the Board of Directors; revised Good Governance Practices handbook; implemented a policy to maintain the basic rights of shareholders equally.

Climate Goals & Targets

Environmental Challenges

• 5.2% decrease in sales volume compared to the previous year due to the global economic crisis and unstable political situation in Thailand; decrease in production volume for automobiles and motorcycles.
• Decreased domestic consumption and exports due to the global financial crisis and unstable political situation.

Mitigation Strategies

• Reduced fixed costs and improved production efficiency through the "Production Improvement Activity" initiative; focused on quality improvements and waste reduction; implemented "Visual Control" policy (SNAP) to improve prompt action to resolve problems and reduce material stock levels.
• Strengthened and increased the efficiency of production; focused on lowering the cost of materials; created a strategy to improve and develop increased profits; reviewed production structure and techniques.

Supply Chain Management

Responsible Procurement

• Non-monopoly policy with suppliers; negotiation for lowest possible prices.

Climate-Related Risks & Opportunities

Sustainable Products & Innovation

• Lead-free bulbs

Awards & Recognition

• The Best Performance of Safety, Occupational Health and workplace Environment Award (Ministry of Labour)
• Best Employer of Pathumthani
• Best Employer of Occupational Health and workplace Environment
• National Zero Accident Award (Ministry of Labour)
• An Outstanding Establishment for Labour Relation and Welfare Award (Ministry of Labour)
• The Best Performance Award in Industrial category (SET AWARD)

Environmental Metrics

ESG Focus Areas

• Safety
• Environment
• Energy Preservation
• Employee Management
• Social Responsibility
• Corporate Governance

Environmental Achievements

• Promoted plastic bags usage reduction
• Increased green area through tree planting
• Switched to LED street lighting and T5 for the lamp factory
• Installed energy saving system for air-conditioning
• Implemented 5S activities for waste reduction and asset utilization
• ISO 14001 certification

Social Achievements

• Increased employment by approximately 15%
• Thai Labor Standard, Complete level (TLS8001) certification
• Received Outstanding Workplace award for 5 consecutive years
• Various community investment initiatives through Stanley Thailand Foundation (scholarships, equipment donations, etc.)
• Zero Accident target for 5 million and 10 million hours

Governance Achievements

• Established Risk Management Committee and Crisis Control Committee
• Developed Compliance Policy, Quality Management Policy, and other policies
• Established Audit Committee with independent directors
• Developed corporate governance policy with details on business ethics, board structure, internal controls, risk management, and information disclosure
• Implemented SNAP (Stanley New Approach for higher Productivity) for production efficiency improvement

Climate Goals & Targets

Environmental Challenges

• Supply chain disruptions due to the earthquake in Japan
• Economic uncertainty
• Increasing material costs
• Potential risks from economic and political instability
• Risks related to foreign exchange rates and loans

Mitigation Strategies

• Improved production system through SNAP activities
• Developed alternative sourcing strategies
• Used foreign currency forward contracts to manage currency risks
• Established Risk Management Committee and Crisis Control Committee
• Implemented 5S activities for waste reduction and asset utilization
• Developed measures to mitigate risks from economic and political instability, foreign exchange rates, and loans

Supply Chain Management

Supplier Audits: 15 companies (initial target)

Responsible Procurement

• Training & Audit Supplier Plan
• Selection of strong, capable, and financially stable suppliers

Climate-Related Risks & Opportunities

Awards & Recognition

• Outstanding Enterprise Award on Safety, Occupational Health and Environment (2004-2010)
• Quality Award from Mitsubishi Motors (Thailand)
• SQA Award from Stanley Electric Co., Ltd.
• Design Cost Improvement Award from AutoAlliance (Thailand)
• Cost Reduction Award from Thai Yamaha Motor
• Cost Reduction Award from Thai Suzuki Motor

Environmental Metrics

ESG Focus Areas

• Environment
• Safety
• Energy
• Social
• Education
• Community Investment

Environmental Achievements

• Achieved zero accident target for 3 million work-hours and 5 million work-hours. New target is 8 million work-hours.
• Awarded ISO 14001 since 2002.
• Emission air has passed government criteria since 2000.
• Construction of total wastewater treatment plant to increase quality of primary treated water (bio-wastewater treatment plant) to be completed by 2012.

Social Achievements

• Launched STARS Plan (Stanley Total Ability Rating System Plan) for human resource management.
• Stanley Thailand Foundation activities: annual scholarships (1,314 students in 2011), long-term scholarships (27 students), book donations (84 schools), educational equipment donations (40 schools), and flood relief efforts.
• Awarded excellence workplace on Occupational Health and Safety for 8 consecutive years.

Governance Achievements

• Established several policies including quality policy, occupational health and safety and work environment policy, corporate social responsibility on labor, and policy on business management and integrity of the board of director and employees. These policies are published in www.thaistanley.com and company Intranet.
• Established Managerial Risk Management Committee and Crisis Control Committee.
• Developed corporate governance policy with details on business ethics, board structure, self-evaluation, internal controls, risk management, and stakeholder rights.

Climate Goals & Targets

Environmental Challenges

• Great earthquake in Japan and massive flood in Thailand adversely affected the economy and automotive industry in 2011, resulting in a 12.7% decrease in sales and a 43.6% decrease in operating profit.
• Supply chain disruptions due to the floods.

Mitigation Strategies

• Implementation of SNAP (Stanley New Approach for Higher productivity) activities to improve productivity and reduce costs.
• Investment in new plant construction and new machineries for the production of lamps for eco-car purpose.
• Risk management group established to ensure smooth business operation.
• Insurance claims filed for business interruption, damaged inventories and assets.

Supply Chain Management

Responsible Procurement

• Focus on strong, capable, and financially stable suppliers.

Climate-Related Risks & Opportunities

Physical Risks

• Flooding

Awards & Recognition

• The Best Performance Award in Industrial category on “SET AWARD 2003”
• The Best Performance Award in Industrial category on “SET AWARD 2004”
• The Best Corporate in Social Security Cooperation Award
• The Best Performance Company of Safety, Occupational Health and Working Environment Award 2004, 2005, 2006, 2007, 2008, 2009, 2010, 2011
• An Outstanding Establishment in the year 2006, 2007, 2008, 2009, 2010, 2011 for achievement on Labour Relations and Welfare Relations Award
• Best Employer of Pathumthani and Best Employer of Safety in Working Place (2008, 2009, 2010)

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• Opened Lamp 7 factory, designed as an energy conservation model factory using Stanley’s LED lighting bulbs and automatic lighting activation system. Implemented water treatment system for reuse in production processes and toilets.
• Reduced electricity usage by 925,021.50 kWh through monthly electricity reduction campaigns.

Social Achievements

• Launched SNAP (Stanley new approach for higher productivity) program to improve production efficiency and quality. Implemented STARS Plan (Stanley Total Ability Rating System Plan) for human resource management.
• Provided educational funding to 1,314 students, long-term educational funding, books to school libraries, support for science projects, and educational equipment.

Governance Achievements

• Established a committee of Safety, Sanitary Health and Environmental Working Condition with representatives from Administration Department and elected employee representatives.
• Established an Energy Conservation Committee and an Environmental Committee to plan policies and programs for environmental operations, sanitary health safety, and energy.

Climate Goals & Targets

Environmental Challenges

• Supply chain disruptions due to the 2011 floods in Thailand.
• Competition from other ASEAN countries and BRICS nations.
• Potential pre-emption certificate cancellation in the First-Car Project.

Mitigation Strategies

• Developed alternative sourcing strategies and implemented SNAP program to improve efficiency and reduce costs.
• Focused on improving client trustworthiness and turnover, continually developing production and quality.
• Closely monitored the market outlook for potential impacts from the First-Car Project.

Supply Chain Management

Responsible Procurement

• SNAP Supplier program for QCD improvement
• Supplier selection criteria considering company documents, performance, environmental, employee practices, and human rights.

Climate-Related Risks & Opportunities

Physical Risks

• Flooding

Reporting Standards

Frameworks Used: ISO 9001, ISO/TS 16949, ISO 14001, OHSAS 18001

Certifications: ISO 9001, ISO/TS 16949, ISO 14001, OHSAS 18001

Third-party Assurance: PricewaterhouseCoopers ABAS Co.,Ltd.

Sustainable Products & Innovation

• Energy-efficient LED lighting products

Awards & Recognition

• 2012 National Distinguished Working Place concerning safety, sanitary health and environmental condition (9 consecutive years)
• 2012 Outstanding Establishment for Labour Relations Welfare Award (7 consecutive years)
• 2012 Skill Development Promotion Award
• Best Supplier Award from Yanmar S.P.Co.,Ltd.

Environmental Metrics

ESG Focus Areas

• Economic
• Social
• Environmental

Environmental Achievements

• Achieved a 1% reduction in CO2 emissions compared to 2019 value added.
• Achieved a 1% reduction in water consumption compared to 2019 value added.
• Achieved a 1% reduction in waste disposal volume compared to 2019.

Social Achievements

• Received the Outstanding Workplace Award for Labor Relations & Welfares from the Ministry of Labor for the 15th consecutive year.
• Achieved zero work-related accidents and zero work-related illnesses.
• Implemented the STARS Plan to develop human resources.

Governance Achievements

• Evaluated at a Very Good level in the Corporate Governance Report of Thai Listed Company (CGR) in 2020.
• No corruption risks found.
• Implemented anti-corruption policy and training.

Climate Goals & Targets

Environmental Challenges

• COVID-19 pandemic impacted operations and some stakeholder engagement activities.
• Reducing reliance on single suppliers for raw materials.

Mitigation Strategies

• Implemented preventive measures against COVID-19, including providing PPE and health screenings.
• Constantly selecting new suppliers for price competition.

Supply Chain Management

Supplier Audits: Annual assessment of quality, delivery, and price.

Responsible Procurement

• Supplier selection based on qualifications, performance, environmental impact, employee practices, and human rights.

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: Stock Exchange of Thailand sustainability assessment principles, Global Reporting Initiative (GRI)

Certifications: ISO 14001

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Quality Award Nissan Motor (Thailand) Co.,Ltd.
• Total Service Parts Performance Award Toyota Parts Center Asia Pacific (TPCAP)
• New Part Preparation Award Toyota Parts Center Asia Pacific (TPCAP)
• C-Award Honda Automobile (Thailand) Co., Ltd.
• 2020 TCC Safety Activity Target and Achieving Audit (Level A) Award Toyota Co-operation Club ( TCC )
• The Outstanding Occupational Health and Safety Award for the 17th consecutive year

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• Reduced CO2 emissions, minimized water usage, and reduced waste by 2% from the 2019 base year.
• Increased use of renewable energy from solar rooftop.

Social Achievements

• Launched Thai Stanley Farm Project to provide extra income for employees.
• Continued contributions to Thai society through the Stanley Thailand Foundation (donations to hospitals, call center, etc.).
• Received the Outstanding Workplace Award for Labor Relations & Welfares for the 16th consecutive year.

Governance Achievements

• No corruption risks found.
• Implemented a robust risk management and control policy.
• Regularly reviewed and adjusted corporate governance policies.

Climate Goals & Targets

Environmental Challenges

• Covid-19 pandemic disrupting operations and global economy.
• Global automobile industry's transition to electric vehicles.

Mitigation Strategies

• Strict disease control measures.
• Daily readjustment of work processes to enhance efficiency and reduce waste.
• Strengthening systems and focusing on innovation to maintain competitiveness.

Supply Chain Management

Supplier Audits: Annual assessment of quality, delivery, and price.

Responsible Procurement

• Supplier selection based on qualifications, performance, environmental, employee practices, and human rights.
• Supplier development activities (SNAP).

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: GRI, Stock Exchange of Thailand's sustainability assessment principles

Certifications: ISO 14001

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Goal 6
• Goal 7
• Goal 10
• Goal 13

The company's sustainability goals align with these SDGs through initiatives such as water reduction, renewable energy increase, inequality reduction, and climate change mitigation.

Sustainable Products & Innovation

• Environmentally friendly products

Awards & Recognition

• Outstanding Workplace Award for Labor Relations & Welfares (16th consecutive year)
• Outstanding Occupational Health and Safety Award (18th consecutive year)

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• CO2 emissions compared to Value added decreased by 3% from 2019.
• Water consumption compared to Value added decreased by 1% from 2021
• Waste disposal reduced by 1% from 2021 and promotes recycling.
• Received an environmental award from customers.

Social Achievements

• Received The Outstanding Workplace Award for Labor Relations & Welfares from the Ministry of Labor for the 17th consecutive year.
• Received The Outstanding Award for Safety, Occupational Health and Working Environment from the Ministry of Labor for the 19th consecutive year.
• Implemented Thai Stanley Power Up project for personnel development.
• Achieved zero work-related accidents and incidents.

Governance Achievements

• Evaluated at a level - Very Good in the Corporate Governance Report of Thai Listed Company (CGR) evaluation.
• No risk of corruption found.

Climate Goals & Targets

Environmental Challenges

• Social and economic fluctuations due to the new variants of Coronavirus (Covid-19) and the lack of semi-conductor parts in the automotive industry.
• COVID-19 pandemic impacting data collection and some initiatives.

Mitigation Strategies

• Operated with dedication to maintain performance.
• Adapted training and seminars to online and E-Learning.

Supply Chain Management

Responsible Procurement

• Policy for the purchase and sale of goods and assets that provided as a practical guideline.

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: Stock Exchange of Thailand sustainability assessment principles, Global Reporting Initiative (GRI)

Certifications: ISO 14001

UN Sustainable Development Goals

• Goal 6
• Goal 7
• Goal 13
• Goal 10

The company has formulated management policies and business goals and combine it with the SDG’s goal of international sustainability.

Awards & Recognition

• TVP Excellent Award
• Award for Effort of Delivering no defective parts for Consecutive 6 Months
• Regional Quality Award
• Top Supplier Award
• The Best of Quality Award
• Outstanding Performance Supplier for Early Achievement of 2030 target in Environment
• Safety Riding Award
• Monozukuri Award
• The Outstanding Workplace Award for Labor Relations and Welfare Award
• The Outstanding Award for Safety, Occupational Health and Working Environment
• Good Labor Relations Project following the sufficiency economy philosophy
• Welfare committee award
• Healthy canteen award