Stock Exchange of Thailand (SET)
Climate Impact & Sustainability Data (2019, 2020, 2021, 2022)
Reporting Period: 2019
Environmental Metrics
ESG Focus Areas
- Environment
- Social
- Governance
Environmental Achievements
- Reduced plastic usage by 36% with Cold Aseptic Filling Technology
- Installed 2,544 kWp solar roof, producing 3,354 MWh/year and reducing greenhouse gas emissions by 747 tons/year
- Achieved Green Industry Level 4 award in 2017 from the Department of Industrial Works (DIW)
Social Achievements
- Launched "Ichitan Bottle Back For Good" program, upcycling 571,400 non-standard plastic bottles (10 tons of plastic waste)
- Partnered with local tea farmers in Chiang Rai to promote organic farming practices
- Reduced severe work-related accidents to 4 cases in 2019 from 6 in 2018
Governance Achievements
- Received "Excellent" rating in the Corporate Governance Report of Thai Listed Companies (CGR) for three consecutive years (2017-2019)
- Achieved a perfect score of 100 in the AGM quality assessment for two consecutive years (2018-2019)
- Implemented COSO ERM 2017 framework for enterprise risk management
Climate Goals & Targets
- Not disclosed
- Not disclosed
- Not disclosed
Environmental Challenges
- Not disclosed
Mitigation Strategies
- Not disclosed
Supply Chain Management
Supplier Audits: Not disclosed
Responsible Procurement
- Approved Vendor List system
- Selection of suppliers based on Ichitan's criteria
Climate-Related Risks & Opportunities
Physical Risks
- Not disclosed
Transition Risks
- Not disclosed
Opportunities
- Not disclosed
Reporting Standards
Frameworks Used: GRI Standard, UN SDGs
Certifications: ISO 14001, ISO 50001, FSSC 22000, ISO 9001, HALAL
Third-party Assurance: Not disclosed
UN Sustainable Development Goals
- Not disclosed
Not disclosed
Sustainable Products & Innovation
- Not disclosed
Awards & Recognition
- Green Industry Level 4 award (2017)
- Thailand Voluntary Emission Reduction (T-VER) award
Reporting Period: 2020
Environmental Metrics
ESG Focus Areas
- Environmental
- Social
- Governance
Environmental Achievements
- Received a certificate for corporate carbon footprint assessment for the 3rd consecutive year from the Greenhouse Gas Management Organization (Public Organization).
- Reduced plastic usage by 36% compared to traditional hot filling technology.
- Installed solar panels in the ICHITAN SUNergy project, producing 3,298,053 kWh of clean energy.
Social Achievements
- Provided free accommodation and meals to medical personnel during the COVID-19 pandemic.
- Donated 1,017,324 baht and 88,080 bottles of drinks to help people affected by COVID-19.
- Donated 1,000,000 baht to build a field hospital in Myanmar.
Governance Achievements
- Received an excellent rating in the Corporate Governance Report of Thai Listed Companies for four consecutive years.
- Implemented COSO ERM 2017 framework for enterprise risk management.
- Adopted an anti-corruption policy and procedures.
Climate Goals & Targets
Environmental Challenges
- COVID-19 pandemic impacted business operations and consumer behavior.
- Supply chain disruptions.
Mitigation Strategies
- Adjusted product portfolio to meet changing consumer demands (focus on health products).
- Implemented work-from-home policies.
- Increased e-commerce sales.
- Developed alternative sourcing strategies.
Supply Chain Management
Responsible Procurement
- Approved Vendor List system.
- Sourcing from multiple major suppliers.
- Organic tea sourcing with one-year contracts.
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: GRI Standard
Certifications: GMP, HACCP, FSSC 22000, ISO 9001, ISO 14001, ISO 50001, Halal
UN Sustainable Development Goals
- 3
- 7
- 11
- 12
- 13
- 15
Initiatives align with various UN SDGs, including good health and well-being, affordable and clean energy, sustainable cities and communities, responsible consumption and production, climate action, and life on land.
Sustainable Products & Innovation
- Vitamin water
- Products with reduced sugar content.
Awards & Recognition
- Corporate Carbon Footprint (CFO) certificate.
Reporting Period: 2021
Environmental Metrics
ESG Focus Areas
- Environmental
- Social
- Governance
Environmental Achievements
- Reduced plastic usage by 27.5% compared to traditional hot filling methods.
- Installed a 2,544 kWp solar cell system, reducing GHG emissions by 747 tons/year and saving approximately 14.4 million baht/year in electricity costs.
Social Achievements
- Established the "Tanpan Field Hospital," providing care to nearly 1000 Covid-19 patients, including pregnant women, infants, and the elderly.
- Donated 209,808 bottles of Ichitan alkaline water to support medical personnel and communities affected by Covid-19.
Governance Achievements
- Implemented and updated anti-corruption policies and procedures.
- Received a "Excellent" rating in the Corporate Governance Report of Thai Listed Companies for five consecutive years (2017-2021).
Climate Goals & Targets
- Not disclosed
- Not disclosed
- 100% recyclable packaging by 2023
Environmental Challenges
- Supply chain disruptions due to the Covid-19 pandemic.
- Fluctuations in raw material prices (especially organic tea leaves).
- Competition in the beverage market.
Mitigation Strategies
- Diversified distribution channels to focus on smaller retail stores.
- Developed new products focusing on health and immunity.
- Long-term contracts with key raw material suppliers.
- Strategic marketing and branding to avoid price competition.
Supply Chain Management
Supplier Audits: Not disclosed
Responsible Procurement
- Selection of suppliers based on ethical and sustainability criteria.
- Long-term contracts with key suppliers.
Climate-Related Risks & Opportunities
Physical Risks
- Not disclosed
Transition Risks
- Not disclosed
Opportunities
- Not disclosed
Reporting Standards
Frameworks Used: GRI Standards
Certifications: FSSC22000, ISO 9001, ISO 14001, ISO 50001, HALAL, MUI HALAL
Third-party Assurance: Not disclosed
UN Sustainable Development Goals
- 1
- 2
- 3
- 7
- 9
- 12
- 13
- 17
Ichitan's sustainability initiatives contribute to these SDGs through various programs and policies.
Sustainable Products & Innovation
- 100% recyclable packaging
- Products with reduced sugar content
Awards & Recognition
- Sustainability Disclosure Award from the Thai Pattan Institute
Reporting Period: 2022
Environmental Metrics
ESG Focus Areas
- Environmental
- Social
- Governance
Environmental Achievements
- Listed companies assessed climate change risks and established policies and measures to reduce greenhouse gas emissions.
Social Achievements
- Significant development in the disclosure of environmental and social information such as policies and targets of environmental management; performance and efficiency in the management of resources related to energy efficiency, water and waste management, and in terms of employees, communities and society through business processes.
Governance Achievements
- Not disclosed
Climate Goals & Targets
- Not disclosed
- Not disclosed
- Not disclosed
Environmental Challenges
- Room for improvement by adding human rights due diligence process to ensure no human rights violation throughout the supply chain.
Mitigation Strategies
- Not disclosed
Supply Chain Management
Supplier Audits: Not disclosed
Responsible Procurement
- Not disclosed
Climate-Related Risks & Opportunities
Physical Risks
- Not disclosed
Transition Risks
- Not disclosed
Opportunities
- Not disclosed
Reporting Standards
Frameworks Used: Null
Certifications: Null
Third-party Assurance: Not disclosed
UN Sustainable Development Goals
- Not disclosed
Not disclosed
Sustainable Products & Innovation
- Not disclosed
Awards & Recognition
- Not disclosed