Climate Change Data

บริษัท สยามอีสต์ โซลูชั่น จำกัด (มหาชน)

Climate Impact & Sustainability Data (2017, 2018, 2019, 2020)

Reporting Period: 2017

Environmental Metrics

ESG Focus Areas

  • Good governance
  • Anti-corruption

Governance Achievements

  • Participated in Public-Private Collaboration for Industrial Network for Anti-Corruption
  • Supported the campaign of the notification for the anti-bureaucratic corruption

Climate Goals & Targets

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Period: 2018

Environmental Metrics

ESG Focus Areas

  • Social Responsibility
  • Anti-Corruption
  • Environmental Compliance
  • Good Corporate Governance

Environmental Achievements

  • No significant environmental impact reported. Company claims strict adherence to environmental regulations and no environmental disputes.

Social Achievements

  • Launched "SE..ปันสุข" project donating clothes, toys, food, and drinks to children and patients at the Camillian Center Rayong.
  • Participated in "SE ฟื้นป่า รักษ์น้า เขาห้วยมะหาด" project to restore the environment and natural resources of Huay Mahaad mountain, collaborating with the local community to build 14 water retention dams.

Governance Achievements

  • Implemented a robust anti-corruption policy and training programs.
  • Established a whistleblower mechanism for reporting ethical violations and misconduct.
  • Maintained a strong corporate governance structure with various committees (audit, nomination & remuneration, risk management).

Climate Goals & Targets

Environmental Challenges

  • Increased competition.
  • Revenue not meeting targets.
  • Fluctuations in exchange rates.
  • Managing inventory effectively.
  • Dependence on key management.
  • Risks associated with new service business.
  • Concentration of ownership with major shareholders holding over 50%.
Mitigation Strategies
  • Developed alternative sourcing strategies.
  • Closely monitored exchange rates and used forward contracts.
  • Implemented inventory management system.
  • Clear organizational structure and employee development programs.
  • Construction of new facilities to support service business expansion.
  • Established robust internal control and risk management systems.
  • Established clear governance structure with independent oversight.

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Period: 2019

Environmental Metrics

ESG Focus Areas

  • Social Responsibility
  • Anti-Corruption

Social Achievements

  • Organized "Waste Revolution" campaign, collecting and cleaning recyclable materials for donation to a temple.
  • Organized "Creating Crab Condos" activity to support the mangrove ecosystem.
  • Held a forest ordination ceremony to promote nature conservation.

Governance Achievements

  • Established a risk management committee.
  • Declared commitment to join the Collective Action Coalition against Corruption (CAC).
  • Implemented anti-corruption policies and established reporting channels.

Climate Goals & Targets

Environmental Challenges

  • Market competition and the risk of losing distributorships.
  • Entry of new competitors.
  • Risk of principal companies entering the market directly.
  • Fluctuations in exchange rates.
  • Changes in accounting standards (TFRS 9, TFRS 15, TFRS 16).
  • Risks associated with procurement and inventory management.
  • Risk of corruption.
  • Risk of major shareholder control.
  • Data security risks.
  • External factors such as trade wars and the COVID-19 pandemic.
Mitigation Strategies
  • Strong relationships with principal companies and customers.
  • Diversified product portfolio.
  • Close monitoring of exchange rates and use of forward contracts.
  • Careful planning and monitoring of inventory levels.
  • Robust internal control systems and external audits.
  • Clear governance structure and audit committee oversight.
  • Employee training on data protection.
  • Continuous monitoring of the economic and political environment.

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Period: 2020

Environmental Metrics

ESG Focus Areas

  • Social Responsibility
  • Anti-Corruption
  • Environmental Compliance
  • Human Rights
  • Stakeholder Engagement

Social Achievements

  • Organized a Face Shield project for medical personnel at Sirikit Hospital to combat the COVID-19 pandemic.
  • Participated in the Ministry of Industry's Green Industry project.
  • Participated in a project with Rayong Hospital to promote oral health among working-age people.

Governance Achievements

  • Established a clear leadership role and responsibilities for the board.
  • Defined objectives that promote sustainable value creation.
  • Strengthened board effectiveness through training and development.
  • Implemented a robust risk management and internal control system.
  • Ensured financial integrity and transparency in financial reporting.
  • Promoted stakeholder engagement and communication.

Climate Goals & Targets

Environmental Challenges

  • Market competition and the risk of losing key distributorships.
  • Entry of new competitors into the market.
  • Risk of principal companies entering the market directly.
  • Fluctuations in exchange rates.
  • Liquidity risk due to potential payment delays from customers.
  • Changes in accounting standards.
  • Risks associated with procurement and inventory management.
  • Risk of corruption.
  • Risk of major shareholders controlling board decisions.
  • Data security and privacy risks.
  • External factors such as the COVID-19 pandemic.
Mitigation Strategies
  • Maintaining strong relationships with principal companies and customers.
  • Diversifying product offerings and providing comprehensive services.
  • Monitoring exchange rates and using forward contracts.
  • Careful credit management and close monitoring of customer payments.
  • Adapting to new accounting standards.
  • Effective inventory management and planning.
  • Robust internal control systems and external audits.
  • Anti-corruption policies and whistleblower mechanisms.
  • Transparent governance structure and independent audit committee.
  • Compliance with data protection laws.
  • Adapting business models and seeking new opportunities in response to the COVID-19 pandemic.

Supply Chain Management

Climate-Related Risks & Opportunities