NSL Foods PCL
Climate Impact & Sustainability Data (2023)
Reporting Period: 2023
Environmental Metrics
ESG Focus Areas
- Governance
- Environmental
- Social
Environmental Achievements
- Installing solar rooftops and using energy-efficient lighting
- Waste sorting and management
Social Achievements
- Investing in subsidiaries to diversify revenue streams
- Continuous product innovation to meet changing consumer needs
Governance Achievements
- Compliance with SET and SEC regulations
- Regular performance updates to investors
Climate Goals & Targets
Long-term Goals:
- Not disclosed
Medium-term Goals:
- Increase non-7-Eleven revenue contribution to 30% from current 10%
- Complete hot sandwich production capacity expansion by mid-2026
Short-term Goals:
- Open 10 more Bake A Wish branches in 2024
- Complete food services facility in Bangna by 4Q24
Environmental Challenges
- High dependence on CPALL (90% of revenue)
- Increased competition among suppliers
- Fluctuating raw material prices (especially butter)
- Rising employee expenses
- Disease outbreaks impacting raw material prices and consumer confidence
Mitigation Strategies
- Investing in subsidiaries (Bake A Wish, NSL Intertrade, NSL Inno Foods) to diversify revenue streams
- Locking in raw material prices for six months in advance
- Increasing the use of machinery to improve labor efficiency
- Continuous product innovation and pricing strategies
- Prompt exit from unsuccessful ventures (Pen1 F&B)
Supply Chain Management
Responsible Procurement
- Locking in raw material prices