Climate Change Data

Environmental Metrics

ESG Focus Areas

• Good Corporate Governance
• Business Ethics and Anti-corruption
• Sustainable Supply Chain
• Innovation Culture
• Customer Relationship Management
• Environmental Sustainability
• Social Responsibility
• Sustainable Supply Chain

Environmental Achievements

• Reduced greenhouse gas emissions by 33.5% through improved logistics (Vanachai Logistic project)
• Reduced transportation distance by 31.6% (Vanachai Logistic project)
• Reduced transportation costs by 30.2% (Vanachai Logistic project)
• Production of 9.9 MW of biomass energy (Biomass plant in Surat Thani)
• Reduced greenhouse gas emissions by 32,938 tCO2eq/year from biomass energy production

Social Achievements

• Increased community income through purchasing wood from local farmers and growers (75% of total wood)
• Zero workplace accidents among contractors in 2023
• Provided safety training to contractors
• Expanded Woodsmith branches to 96 across 36 provinces, generating 282.07 million baht in sales
• Customer satisfaction score of 97.8% in 2023

Governance Achievements

• Established Vanachai Logistics to improve efficiency and reduce costs
• Implemented a robust anti-corruption policy and ethics training for employees
• Board of Directors comprised of 15 members, including 5 independent directors
• Self-assessment of the Board of Directors with an average score of 97.5%
• Established clear channels for reporting grievances and whistleblowing

Climate Goals & Targets

Environmental Challenges

• Maintaining good corporate governance across all levels
• Cultivating a strong ethical culture and combating corruption
• Ensuring sustainability throughout the extensive supply chain
• Fostering an innovation culture within the organization
• Effectively managing customer relationships to expand market share

Mitigation Strategies

• Board-level commitment to sustainability and ethical practices
• Systematic ethics training and development programs for employees
• Clear policies, guidelines, and standards for supply chain sustainability
• Systematic innovation management process, including open innovation
• Customer feedback mechanisms and initiatives to enhance customer relationships

Supply Chain Management

Supplier Audits: 100% of critical Tier-1 suppliers audited

Responsible Procurement

• Sustainable sourcing of wood materials
• Supplier Code of Conduct emphasizing ethical business practices, human rights, and environmental responsibility

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Development of energy-efficient products and services

Reporting Standards

Frameworks Used: GRI

Certifications: ISO 9001:2015

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• SDG 3 (Good Health and Well-being)
• SDG 4 (Quality Education)
• SDG 8 (Decent Work and Economic Growth)
• SDG 9 (Industry, Innovation and Infrastructure)
• SDG 12 (Responsible Consumption and Production)
• SDG 13 (Climate Action)
• SDG 15 (Life on Land)
• SDG 17 (Partnerships for the Goals)

Initiatives contribute to these goals through sustainable practices, community development, and innovation

Sustainable Products & Innovation

• Ready-to-use interior and exterior doors
• Interior wall panels
• Sustainable wood alternatives

Awards & Recognition

• Not disclosed