Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environmental Management
• Occupational Health and Safety
• Social Contribution
• Community Involvement
• Corporate Governance

Environmental Achievements

• Achieved ISO 14001 Environmental Management System Certification in March 2009
• Practices group management and staff with an emphasis on the environment in order to actualize a sustainable society.
• Participated in various environmental care initiatives like waste segregation campaigns and tree planting.

Social Achievements

• Offered assistance to employees affected by the 2011 Thailand floods (shelter, allowance, transportation, meals)
• Donated to flood relief efforts (Royal Thai Army, community projects)
• Engaged in community involvement projects like monastic cloister construction and school material donations.

Governance Achievements

• Implemented a policy of good governance for the board of directors.
• Established five sub-committees (Executive Board, Management Team, Audit Committee, Nomination and Remuneration Committee, Risk Management Committee).
• Followed the Code of Best Practice for corporate governance.

Climate Goals & Targets

Environmental Challenges

• Supply chain disruptions due to the 2011 tsunami and Thailand floods
• Quality labor shortage and cost control issues
• Risks in collecting debts from overseas customers
• Foreign exchange rate volatility
• Reliance on major customers
• Natural disasters

Mitigation Strategies

• Diversified material sources and reserved stock
• Improved labor skills and production processes (Lean and Six Sigma)
• Strict debtor management and credit evaluation
• Natural hedging (foreign currency deposits) and forward exchange contracts
• Expanded into new markets and diversified customer base
• Asset insurance and business continuity planning

Supply Chain Management

Responsible Procurement

• Diversification of material sources

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: ISO 9001, ISO TS16949, ISO 13485, ISO 14001, OHSAS 18001

Certifications: ISO 9001:2008, ISO 14001:2004, OHSAS 18001:2007, ISO/TS 16949:2009, ISO 13485:2003

Third-party Assurance: Dr. Virach & Associates

Environmental Metrics

ESG Focus Areas

• Environmental Management
• Occupational Health and Safety
• Community Involvement
• Corporate Governance

Environmental Achievements

• Achieved ISO 14001 Environmental Management System Certification

Social Achievements

• “Organic Farm in School” project supporting students' learning and awareness of healthy food and environmental care.
• “Qualified Agricultural Product Market in Team Precision” project supporting students, farmers, and disabled inhabitants.
• Blood donation drive for Queen’s Birthday.
• Provided snacks to students on National Child Day.

Governance Achievements

• Established five sub-committees (Executive Board of Directors, Management Team, Audit Committee, Nomination and Remuneration Committee, and Risk Management Committee) to enhance corporate governance.
• Implemented policies and guidelines according to the Code of Best Practice.
• Provided training programs for directors, audit committee members, executives, and corporate secretary.

Climate Goals & Targets

Environmental Challenges

• Post-flood effects in Thailand impacting operations and costs.
• Government's minimum wage increase impacting costs.
• Global economic crisis affecting customer demand.
• Risk in procurement of raw materials and supply chain management.
• Risk in quality labor shortage and cost control.
• Risk in collecting debts from customers.
• Risk in foreign exchange rates.
• Risk of relying on major customers.
• Risk of natural disasters.

Mitigation Strategies

• Provided assistance to business partners to resume operations quickly.
• Improved labor skills for productivity and cost reduction.
• Diversified material sources and reserved stock.
• Established foreign subsidiaries as material sourcing hubs.
• Closely monitored market situations and collaborated with customers and material manufacturers.
• Implemented strict debtor management and credit evaluation processes.
• Used natural hedging and forward exchange contracts to manage foreign exchange risk.
• Expanded into new markets and diversified business sectors.
• Purchased insurance to cover assets against natural disasters.
• Developed business continuity planning.

Supply Chain Management

Responsible Procurement

• Diversification of material sources

Climate-Related Risks & Opportunities

Awards & Recognition

• Zero Accident Campaign 2012 Bronze Plaque Award
• Excellence Safety, Health & Environment in Workplace 2012 National Level Award