Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environment
• Social
• Governance

Environmental Achievements

• Installed Solar Rooftop at Rayong Branch and Hua Hin Branch (2019), Pak Chong and Chachoengsao branch (2020)
• Everyday Say No to Plastic project since 2019
• Cloth bags to reduce plastic garbage campaign in 2022 (842 bags sold)
• Recycle Project for paper boxes
• E-invitation letter for AGM in 2022 and 2023, E-book form of One report instead of paper book
• Target to issue E-receipt instead of paper in 2023
• Increasing environment care products made of biodegradable material, certified by FSC

Social Achievements

• Launched the 4th generation cooling gel pillow for health under the brand Tempsoft by Cherish, Cooling Genesis model in September 2021
• Launched a new product containing hemp. Under the brand Prim, using the product name Prim Relaxing Spray Mist in collaboration with DOD Biotech Public Company Limited in December 2021
• Launched a new product mattress. Under the brand Tempsoft by Cherish, using the product name Viara Pocket Spring on 28 October 2022
• Launched Prim Restque CBD Acne Gel, an acne gel mixed with CBD extract from hemp flower bouquets on November 24, 2022
• Kumo Baby First Touch won Rising Star: Best Disposable Diapers From Amarin Baby & Kids Awards 2022
• Launched a new product mattress. Under the brand Tempsoft by Cherish, using the product name TEMPsoft Cosmic Clound on 23 November 2022
• Opened a branch, JAS GREEN VILLAGE KUBON with Singer Thailand Public Company Limited in December 2021
• Opened a new distribution center at Bluport Hua Hin Resort Mall in October 2021
• Annual health check up for employees
• Vaccine for employees and their family to prevent COVID-19
• Work from home policy and places for self-isolate
• Fire Safety training
• Health and safety workplace committee

Governance Achievements

• Merging the Nomination and Remuneration Committee together with the Good Corporate Governance Committee (March 8, 2022)
• Rated 5 star with 92/100 from CGR rating by IOD in 2022
• 100% of the 2022 AGM Checklist assessment conducted by the Thai Investors Association

Climate Goals & Targets

Environmental Challenges

• Economic Conditions impacting consumer spending and purchasing power
• Risk from Branch Expansion Failure
• Changes in Consumer Behaviors favoring e-commerce
• Reputation and Credibility Risk
• Turnover Risk
• Inventory Risk
• Risk of Shift in Popularity
• Corruption and Fraud Risk
• Financial Liquidity risk
• Risk of Inflation Rate and Fluctuated Interest
• PDPA Risk
• Technology and Information Technology System Risk
• Epidemic and emerging incident Risk (e.g., COVID-19)
• Environment Risk (power usage, green gas releasing, natural disasters)
• Social Risk (consumer awareness of living quality, human rights, social responsibility)
• Good Governance Risk (illegitimate transactions)
• Risk from Pending Trademark and Service Mark Registration
• Risk from Changes in Laws and Government Policy

Mitigation Strategies

• Dynamically adjusting business plan to respond to economic conditions, focusing on product differentiation and reasonable pricing
• Well-defined branch expansion and business diversity guideline, feasibility studies, IRR analysis, Risk Management Committee recommendation, Board approval, performance tracking and review
• Expansion to online channels, leveraging social media for communication, product promotion, and customer data collection
• Strategy to optimize brand awareness, careful deliberation on potential impact on image/reputation
• Monitoring and controlling work process, workforce planning, employee welfare and activities, career path, promotion, salary increase, training, succession plan, happy work environment, flexible workplaces, provident fund
• Dynamically improved inventory management (sales promotions, product display improvement, new sourcing channels, branch layout designs)
• Regular product collection updates, forecasting using prior year sales figures, trend monitoring team, good relationship with multiple manufacturers
• Risk evaluation, preventive measures, strict control systems, CCTV installation, honesty manual, code of conduct, regular work checks, Zero-Tolerance Policy on bribery and corruption, joining CAC
• Close management of risk, forecasting cash flows, disciplined capital expenditure, good relationship with financial institutions
• Regular analysis of cost of goods sold and selling price
• Appointing PDPA committee to monitor and follow working processes
• Integrated IT systems, access right matrix, firewall, antivirus software, cloud data storage, reserved server, disaster recovery site, IT security training
• Adjusting sales plans, expanding online channels, system efficiency development, stress tests, business continuity plan, WFH policy, working shifts, hygiene culture, virus busters, vaccine provision
• Hygiene, safety and environment policy, target setting to reduce green gas and garbage, product and service development, training
• Innovation promoting policy, human rights policy, employee enhancing and fair treatment policy, sustainable policy
• Safeguarding, integrity, transparency, compliance with regulations and laws
• Responsible team to study registration issues, regular checks with Department of Intellectual Property
• Legal and Compliance Department to monitor compliance, transparency, keeping pace with regulatory changes

Supply Chain Management

Responsible Procurement

• Selection of manufacturers with certification of production standard, business ethics, satisfactory service provision and operation alignment

Climate-Related Risks & Opportunities

Physical Risks

• Flash flood, summer storm, business interruption, building damage, product damage, logistic system damage

Sustainable Products & Innovation

• Cooling gel pillows
• Smart mattresses
• Hemp-based products
• Recycled denim t-shirts

Awards & Recognition

• Rising Star: Best Disposable Diapers From Amarin Baby & Kids Awards 2022