Climate Change Data

Environmental Metrics

ESG Focus Areas

• Corporate Governance
• Economic Growth
• Innovation Promotion
• Responsibility for Products and Services
• Trade Partner Development
• Employee Safety and Health
• Employment and Human Rights
• Human Capital Development and Employee Care
• Corporate Social Responsibility
• Waste and Scrap Material Management
• Environmentally-friendly Production Processes
• Climate Change
• Sustainable Use of Resources
• Risk Management

Environmental Achievements

• Achieved 100% zero landfill for non-hazardous waste.
• Reduced greenhouse gas emissions by 3.41% from the recalculated 2019 base year.
• Reduced Type 1 and Type 2 greenhouse gas emissions per MVA production unit by 7.90% from the recalculated 2019 base year.
• Increased green procurement value by 167%.

Social Achievements

• Reduced employee resignation rate to 1.22%.
• Successfully responded to 100% of customer complaints.
• Distributed 300 sets of aid bags filled with dry foods, beverages, alcohol gel, and facial masks to three communities.
• Prepared 4,000 facial masks for students at five schools.
• Established sharing transformers to help community members impacted by COVID-19.
• Achieved 90.82% customer satisfaction.

Governance Achievements

• Modified anti-corruption policy to align with changes in practice.
• No corruption or illegal actions reported in QTC and its subsidiaries.
• Received no complaints or reports of illegal or corrupt actions by employees, executives, and directors.
• Implemented ISO 45001 safety management standards.

Climate Goals & Targets

Environmental Challenges

• COVID-19 pandemic impacted business plans and growth targets.
• Supply chain disruptions due to COVID-19.
• Increased work-related accidents in 2020.
• Economic risks due to dependence on major customers and competition.
• Fluctuations in foreign currency exchange rates and raw material prices.
• Employee health and safety risks.
• Departure of engineers and skilled technicians.
• Environmental risks from hazardous waste management.
• Business interruption risks from emergencies and dependence on main executives.

Mitigation Strategies

• Appointed a special management committee to assess risks and mitigate impacts of COVID-19.
• Continuously reviewed and modified business plans.
• Expanded foreign markets and developed new products (super low loss transformers, smart transformers).
• Expanded transformer maintenance service customer base.
• Restructured sales organization.
• Implemented ISO 45001 safety management standards.
• Improved employee wages and benefits.
• Developed key knowledge management (KM) resources.
• Implemented a zero-landfill policy.
• Prepared emergency plans and purchased insurance policies.
• Developed a succession plan.

Supply Chain Management

Supplier Audits: 77/year

Responsible Procurement

• QTC Supplier Code of Conduct
• Green procurement policy

Climate-Related Risks & Opportunities

Opportunities

• Development of energy-efficient products (super low loss transformers)

Reporting Standards

Frameworks Used: GRI Standards: Core option

Certifications: ISO 14001:2015, ISO 45001:2018, ISO 9001:2015, ISO/IEC 17025, Green Label

Third-party Assurance: SGS (Thailand) Company Limited (Limited Assurance)

Sustainable Products & Innovation

• Super low loss transformers
• Smart monitoring boxes

Awards & Recognition

• Outstanding Happy Family Award (2020)
• Sustainability Disclosure Recognition from Thaipat Institute (2020)
• Carbon Footprint Certificate from TGO (2019)

Environmental Metrics

ESG Focus Areas

• Environment
• Social
• Governance

Environmental Achievements

• Achieved "Zero Waste to Landfill" goal.
• Reduced accidents by 28% from 2021.
• Installed 140kW solar rooftop at Rayong factory, reducing energy consumption by 11.4% and GHG emissions by 95 tonCO2eq/year.
• Introduced 3-ton electric forklift, reducing diesel fuel consumption.

Social Achievements

• Held "Communities Meet QTC" activities, resulting in projects supporting education.
• Reduced accident rate by 28% from 2021.
• Supported vocational training for three disabled persons.
• Employee resignation rate decreased by 8.45% from 2021.

Governance Achievements

• Received SET Awards 2022 for Best Investor Relations.
• Became a member of the Thai Private Sector Collective Action Against Corruption (CAC).
• Zero cases of governance principle and business ethics violations, and corruption.

Climate Goals & Targets

Environmental Challenges

• Global economic slowdown due to the COVID-19 pandemic and the Russia-Ukraine war.
• Increased costs of imported raw materials and exchange rate fluctuations.
• Slow expansion of the industrial and real estate sectors.
• High competition in the transformer market.
• Dependence on major customers in the transformer business.
• Risks from investment in other businesses.
• Exchange rate and raw material price fluctuations.
• Debtor management risks.
• Occupational health and safety risks.
• Departures of engineers and skilled technicians.
• Dependence on main executives.
• Hazardous waste and scrap material management.
• Non-compliance with laws.
• Corruption risks.
• Human rights and personal data protection risks.
• Emergency, cyber threat, and COVID-19 pandemic risks.

Mitigation Strategies

• Risk management processes.
• Cooperation from employees and management team.
• Focus on products reducing electricity consumption and greenhouse gas emissions.
• Human resource development and ESG excellence promotion.
• Diversification of customer base and product offerings.
• Policies to purchase/sell foreign currency in forward contracts.
• Close monitoring of raw material prices and advance raw material reservation.
• Allowances for doubtful accounts and adjusted credit policies.
• Safety management with ISO 45001 standards.
• Appropriate employee wages and benefits, personnel development, and KM development.
• Succession planning and leadership development.
• Petition for approval to register disposal companies.
• Evaluation of disposal companies and 3Rs principle implementation.
• Operational procedures for legal compliance assessment.
• Anti-corruption policy and CAC membership.
• Human rights and personal data protection policies and training.
• Emergency plans, cybersecurity policies, and COVID-19 management committee.

Supply Chain Management

Supplier Audits: 23.50% of key suppliers audited for human rights compliance.

Responsible Procurement

• QTC Supplier Code of Conduct
• Supplier capability assessment
• Green procurement

Climate-Related Risks & Opportunities

Physical Risks

• Droughts, flooding, hot climate

Opportunities

• Development of energy-efficient products

Reporting Standards

Frameworks Used: GRI

Certifications: ISO 14001, ISO 45001, ISO 9001, ISO/IEC 17025, Green Industry Level 4

Third-party Assurance: SGS (Thailand) Company Limited, Intertek Certification Limited

Sustainable Products & Innovation

• Smart Transformer Monitoring System
• Super Low Loss Transformers
• Bio-transformer oil

Awards & Recognition

• Thaipat Institute Carbon Footprint for Organization Certificate
• Level-4 Green Industry Certificate
• Certificate of Membership Thai Private Sector Collective action Against Corruption
• Model Organization in Thai Capital Market for Disability 2022
• 3Rs Awards and Zero Waste Achievement Awards
• Best Investor Relations Awards, SET Awards 2022