Climate Change Data

Syntec Construction Public Company Limited

Climate Impact & Sustainability Data (2020, 2021, 2022, 2023)

Reporting Period: 2020

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

  • Sustainable company growth
  • Employee potential development
  • Good corporate governance
  • Partner relations
  • Supply chain management

Environmental Achievements

  • Reduced carbon dioxide emissions by 707 kilograms
  • Reduced water usage by 27,040 liters
  • Reduced fuel consumption by 1,456 liters
  • Reduced energy usage by 4,160 kilowatts
  • Recycled 1,040 kilograms of paper

Social Achievements

  • Improved safety of living conditions in worker camps
  • Improved waste management and sanitation in worker camps
  • Provided child development activities in worker camps
  • Supported 100% of children in worker camps to enroll in school
  • Supported the Cerebral Palsy Sports Association of Thailand

Governance Achievements

  • Received a full score of 100 from the Thai Investors Association for the quality assessment of the 2020 Annual General Meeting of Shareholders
  • Received a five-star rating for corporate governance from the Thai Institute of Directors Association
  • Renewed membership of Thailand's Private Sector Collective Action Coalition Against Corruption (CAC)

Climate Goals & Targets

Long-term Goals:
  • Not disclosed
Medium-term Goals:
  • Not disclosed
Short-term Goals:
  • Not disclosed

Environmental Challenges

  • Higher competition in the construction industry due to economic slowdown and COVID-19
  • Risk of talent shortage
  • Labor shortage
  • Rising construction material costs
  • Risk of inability to collect payments
  • COVID-19 outbreak impacting operations and tourism-related businesses
Mitigation Strategies
  • Bidding for jobs where the company has expertise and competitiveness
  • Participating in construction bidding in both private and government sectors
  • Continuously developing employee capabilities
  • Offering competitive compensation and benefits
  • Employing labor directly and relying on multiple subcontractors
  • Strict customer selection policy
  • Monitoring construction material prices and ordering in bulk
  • Developing alternative sourcing strategies
  • Implementing COVID-19 prevention measures
  • Adjusting sales and marketing plans to focus on long-term stays and domestic travelers

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • Fair and transparent supplier selection
  • Sustainability assessment criteria applied to procurement
  • Emphasis on fair labor practices and compliance with human rights principles

Climate-Related Risks & Opportunities

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

Reporting Standards

Frameworks Used: Stock Exchange of Thailand criteria

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

  • Goal 3: Good Health and Well-being
  • Goal 16: Peace, Justice and Strong Institutions

Initiatives related to employee well-being, child development, and anti-corruption contribute to these goals

Sustainable Products & Innovation

  • WOLF Approve software
  • Syntec Work Life HR system

Awards & Recognition

  • 2020 Sustainable Stocks
  • Excellent Corporate Governance Score (5 stars)
  • Quality Assessment of the Meeting of Shareholders (100 points)

Reporting Period: 2021

Environmental Metrics

Total Energy Consumption:513,854.16 kWh/year (after solar panel installation)
Waste Generated:6,310 tons/year (recycled paper)

ESG Focus Areas

  • Corporate Governance
  • Health and safety
  • Waste management and environmental impact
  • Customer relationship management
  • Relationship management with partners

Environmental Achievements

  • Reduced electricity consumption by 8%
  • Recycled 6,310 kg of paper
  • Installed solar rooftop system at Bangtai Machinery and Plant Warehouse, reducing electricity consumption by 19%

Social Achievements

  • Employed 21 people with disabilities
  • Constructed 50 employee welfare rooms
  • Achieved 85.82% employee satisfaction with training courses
  • Maintained a lost-time injury rate (LTIR/LTIFR) of 0.01 accidents per million hours

Governance Achievements

  • Received a full 100 points from the Thai Investors Association for AGM quality
  • Achieved an "excellent" or five-star corporate governance rating from the Thai Institute of Directors Association
  • Received Outstanding Investor Relations Awards 2021

Climate Goals & Targets

Medium-term Goals:
  • Transition to a circular economy by 2030
Short-term Goals:
  • Reduce electricity consumption by 5%

Environmental Challenges

  • Higher competition in the construction industry
  • Risk from non-diversified work
  • Talent shortage
  • Labor shortage
  • Rising wages
  • Rising construction material costs
  • Risk of being unable to charge
  • Compliance risk from changes in rules and regulations
  • Social and/or environmental risks from construction
  • COVID-19 pandemic impact
Mitigation Strategies
  • Bidding on projects within the company's expertise
  • Diversifying into related businesses
  • Continuously developing personnel and offering competitive compensation
  • Directly employing workers and using multiple subcontractors
  • Using new technologies to replace labor and managing construction costs
  • Bulk ordering of materials and advance purchasing agreements
  • Strict customer selection criteria
  • Establishing guidelines and an agency to track changes in regulations
  • Controlling pollution and building relationships with communities
  • Implementing Business Continuity Planning (BCP) for COVID-19, providing worker support, and establishing a COVID-19 isolation center

Supply Chain Management

Supplier Audits: ESG Partner Self-Assessment conducted for 65 suppliers (100% passed evaluation criteria)

Responsible Procurement
  • Supplier Code of Conduct for Sustainable Development
  • Fair procurement process
  • Diversified sourcing to reduce risk

Climate-Related Risks & Opportunities

Physical Risks
  • Flooding affecting transportation of construction materials
Opportunities
  • Promoting the use of renewable energy (solar panels)

Reporting Standards

Frameworks Used: GRI, SET guidelines

Certifications: ISO 9001:2008

UN Sustainable Development Goals

  • Goal 1 (No Poverty)
  • Goal 3 (Good Health and Well-being)
  • Goal 8 (Decent Work and Economic Growth)
  • Goal 13 (Climate Action)
  • Goal 16 (Peace, Justice and Strong Institutions)

The company's initiatives contribute to these goals through various ESG practices.

Sustainable Products & Innovation

  • Prefabricated housing and toilets

Awards & Recognition

  • THSI 2021
  • SET Awards 2021 (Outstanding Investor Relations)

Reporting Period: 2022

Environmental Metrics

Waste Generated:4400 kgs of paper recycled

ESG Focus Areas

  • Good corporate governance
  • Fair labor treatment
  • Waste management and environmental impact
  • Customer relationship management
  • Relationship management with partners

Environmental Achievements

  • Reduced electricity cost by 9% (Jan-Sept) and 46% (Oct-Dec) compared to 2021 due to office renovation and energy-saving initiatives.
  • Recycled 4,400 kgs of paper, achieving 73% of the target.
  • Implemented prefabricated worker housing (Camp Knock Down) for reuse, reducing construction costs.

Social Achievements

  • Employed 23 people with disabilities.
  • Implemented Young Engineer Trainee Program, accepting 13 new graduates.
  • Built employee accommodation near the head office.
  • Achieved 85.82% employee satisfaction with training courses.

Governance Achievements

  • Received a full 100 points in the quality assessment of the 2022 Annual General Meeting of Shareholders.
  • Ranked "Excellent" (5-star rating) in the Corporate Governance of Thai Listed Companies for 2022.
  • Renewed membership in Thailand's Private Sector Collective Action Coalition Against Corruption (CAC).

Climate Goals & Targets

Medium-term Goals:
  • Transition to a circular economy by 2030.
Short-term Goals:
  • Reduce indirect greenhouse gas emissions and promote renewable energy use.

Environmental Challenges

  • Increased competitiveness in the construction industry.
  • Labor shortage.
  • Rising construction material costs due to the Russia-Ukraine conflict.
  • Risk of not being able to collect payments from customers.
  • COVID-19 pandemic impact on the hotel and tourism sector.
Mitigation Strategies
  • Bidding on projects with construction management knowledge and competitiveness.
  • Diversifying business by expanding into related sectors.
  • Directly employing 2,239 employees and providing competitive remuneration.
  • Offering skill training for technicians.
  • Implementing new technologies and tools to replace labor.
  • Bulk ordering of construction materials.
  • Strict customer selection criteria.
  • Implementing COVID-19 prevention measures.

Supply Chain Management

Supplier Audits: ESG Partner Self-Assessment conducted for 65 suppliers (100% passed evaluation criteria)

Responsible Procurement
  • Supplier Code of Conduct for Sustainable Development
  • Fair and transparent selection process
  • Monitoring and evaluation of partner performance

Climate-Related Risks & Opportunities

Physical Risks
  • Flooding affecting transportation of construction materials
Opportunities
  • Promoting renewable energy use

Reporting Standards

Frameworks Used: GRI, SET guidelines

Certifications: ISO 9001:2008

UN Sustainable Development Goals

  • Goal 1: No Poverty
  • Goal 3: Good Health and Well-being
  • Goal 8: Decent Work and Economic Growth
  • Goal 13: Climate Action

Initiatives contributing to poverty reduction, improved health and safety, economic growth, and climate change mitigation.

Sustainable Products & Innovation

  • Prefabricated worker housing
  • Prefabricated toilets

Awards & Recognition

  • THSI 2022
  • 100 points in 2022 AGM quality assessment
  • 5-star rating in Corporate Governance of Thai Listed Companies 2022

Reporting Period: 2023

Environmental Metrics

Waste Generated:13,959.43 kg of paper recycled

ESG Focus Areas

  • Corporate Governance
  • Social Responsibility
  • Environmental Sustainability

Environmental Achievements

  • Reduced CO2 emissions by 40,376.89 kg through paper recycling.
  • Planted 1,000 perennial trees at Bangsai Plant.
  • Reduced electricity bill by 9.13% (160,936 baht) compared to 2021 due to office renovations and energy-saving measures.
  • Installed solar panels at Bangsai Plant, reducing electricity consumption.

Social Achievements

  • Employed 25 people with disabilities.
  • Implemented Young Engineer Trainee Program, reducing personnel shortage.
  • Improved worker camp living conditions.
  • Conducted employee satisfaction survey, achieving 90.04% satisfaction after training.
  • Implemented a Supplier Code of Conduct for Sustainable Development.

Governance Achievements

  • Received a 100/100 score on the quality assessment of the 2023 Annual General Meeting of Shareholders.
  • Received a five-star rating in the Corporate Governance of Thai Listed Companies for 2023.
  • Renewed membership in Thailand's Private Sector Collective Action Coalition Against Corruption (CAC).

Climate Goals & Targets

Medium-term Goals:
  • Transition to a circular economy by 2030.
Short-term Goals:
  • Reduce indirect greenhouse gas emissions and promote the use of natural energy.

Environmental Challenges

  • Increased competitiveness in the construction industry.
  • Labor shortage.
  • Rising construction material costs.
  • Risk of not being able to collect payments from customers.
  • Changes in rules and regulations related to building construction.
  • Climate change related risks (flooding, material transportation disruptions).
Mitigation Strategies
  • Diversification of construction works and business expansion into related sectors.
  • Direct employment of 1,920 employees, skill training, and improved employee welfare.
  • Bulk purchasing of construction materials, alternative sourcing strategies, and effective inventory management.
  • Strict customer selection criteria based on financial position and reputation.
  • Establishment of an agency to track and check various actions to keep up with regulatory changes.
  • Purchasing sufficient inventory to mitigate material shortages due to flooding.

Supply Chain Management

Supplier Audits: Regular assessments of Environmental, Social, and Governance (ESG) performance of suppliers.

Responsible Procurement
  • Supplier Code of Conduct for Sustainable Development, fair and transparent selection process, avoidance of reliance on single suppliers.

Climate-Related Risks & Opportunities

Physical Risks
  • Flooding
Opportunities
  • Development of energy-efficient products and services

Reporting Standards

Frameworks Used: GRI, SET ESG Ratings

Certifications: ISO 9001:2015 (in transition)

UN Sustainable Development Goals

  • Goal 1 (No Poverty)
  • Goal 3 (Good Health and Well-being)
  • Goal 7 (Affordable and Clean Energy)
  • Goal 8 (Decent Work and Economic Growth)
  • Goal 13 (Climate Action)

Initiatives contribute to these goals through various ESG programs.

Sustainable Products & Innovation

  • Prefabricated worker housing, CO-Back Mortar Pipe, Iron Plate for Slip form.

Awards & Recognition

  • SET ESG Ratings 2023, Investor Relations Awards 2023, CAC certification.