“Striving to be a green business by integrating social and environmental issues into the development of low-carbon products and driving sustainable economic growth”
The company is committed to achieving sustainable growth through a Sustainability Factor of 1.5 times in accordance with the Sustainable Development Framework. The “Balance” approach establishes a Sustainability Factor of 3.0 times, aligned with the “Creating Shared Value” initiative under the Sustainable Development Framework, with a target year of 2035, using 2016 as the base year. This goal is driven by the Sustainable Climate Strategy, which focuses on the creation and development of low-carbon products. Additionally, the Circular Living Strategy is implemented to create a sustainable business trajectory throughout the value chain, while the Green Future Strategy facilitates the transition to a green economy, enhancing business competitiveness. These efforts contribute to achieving business objectives and eco-efficiency targets. As a result, the economic value per ton of CO2eq emissions has increased from 13,035.00 baht per ton of CO2eq in 2016 to 29,902.00 baht per ton of CO2eq, reflecting a Sustainability Factor of 2.29 times a 129.39% growth compared to the base year.
The economic challenges and compliance with global trade regulations require businesses to adapt and build resilience in order to grow in an uncertain business environment. In the past year, the company achieved revenue of 2,420.44 million baht, a decrease of 2.95%, and a net profit of 327.04 million baht, a decrease of 14.32% compared to 2023. Regarding the direction of corporate governance toward long-term and sustainable growth, the company continues to focus on growth and revenue generation through the use of recycled and circular materials, achieved through collaboration with customers and business partners across the value chain to manage resources efficiently. Furthermore, the company acknowledges the long-term business risks associated with resource usage and places great importance on social responsibility by integrating social and environmental issues into the development of low-carbon and sustainable products.
The social challenges and corporate governance within the value chain, The company emphasizes reducing income inequality between women and men, promotes decent work by providing employment opportunities for women in STEM (Science, Technology, Engineering, and Mathematics) fields, and develops employees’ skills to ensure they have the necessary capabilities to meet work challenges and acquire new skills. by supporting both “Upskilling” and “Reskilling.” This enables employees to be prepared for change, analyze work situations flexibly, and plan and make decisions systematically based on the development of new technologies and innovations. This approach enhances the ability to advance the economy, society, and the environment across the value chain, ultimately creating business opportunities that meet societal needs while reducing environmental impacts.
Additionally, in response to environmental challenges and corporate governance within the value chain, the company focuses on creating partnerships and supporting customers in achieving carbon neutrality and net-zero emissions targets by driving decarbonization through the use of environmentally friendly production innovations and improving business processes to ensure efficient resource management while preserving natural resources and the environment sustainably.
The company’s board of directors, executives, and all levels of employees are committed to advancing the organization in line with the New Economic Model (BCG Model). In the past year, the company has achieved remarkable success in the environmental accomplishments, including
- Rranking as a “Leading Climate Organization in the Asia-Pacific Region” (Asia-Pacific Climate Leaders) for the second consecutive year
- Receiving the “Climate Action Leading Organization” Gold Award for the second consecutive year.
- Collaborating with the Greenhouse Gas Management Organization (Public Organization) towards achieving net-zero emissions, as outlined in the Net Zero Journey Guideline version 2023, and
- Ccommitting to the Science-Based Targets initiative (SBTi) to achieve net-zero emissions based on scientific principles. In addition, the company has achieved significant social accomplishments, such as
- Receiving the “Outstanding Human Rights Model Organization Award 2024” in the outstanding level from the Department of Rights Protection and Liberties, Ministry of Justice,
- The “Women’s Empowerment Principles (WEPs) Award 2024” in the honorable mention category for gender equality in the workplace from UN Women,
- The “Sustainability Disclosure Recognition” award for the company’s transparency in sustainability information disclosure to the public and stakeholders, and
- The “Best Sustainability Award” in the Sustainability Excellence category for the second consecutive year from the Stock Exchange of Thailand.
Finally, on behalf of the Board of Directors, we would like to express our gratitude to the shareholders and all stakeholders for their cooperation and support in the company’s operations. We also extend our sincere thanks to all employees for their dedication in creating environmentally friendly products and delivering sustainable value to stakeholders, enhancing the quality of life in society, and following strong corporate governance principles towards sustainability.
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Mr.Sompol Tanadumrongsak
Chairman of the Executive Committee