Sustainability Policy and Goal
The commitment to sustainability forms a crucial foundation for the stable growth of the Group of Forth Companies. Consequently, the Company focuses on business operations that generate positive changes for stakeholders across all sectors, ensuring that its activities align with the Company’s Corporate Governance Code and are consistent with the sustainability strategies that can be implemented.
Sustainability Policy
The Company has a policy related to sustainable development as the guideline for business operation under the principle of corporate governance by realizing the benefits of stakeholders in every dimension, such as environmental dimension, social dimension, and economic dimension, under good corporate governance according to international standards and Sustainable Development Goals (SDGs) of the United Nations Organization. In addition, the Company gives importance to sustainable business development and participative growth to be part of upgrading the quality of life while creating sustainable value for people in the communities and society.
Sustainable Development Goals: SDGs
Structure and Approach to Sustainability Management of the Company
The company has established a sustainability management policy to serve as a framework for the organization’s sustainability efforts in achieving goals across all dimensions. The policy also promotes raising awareness of sustainability among stakeholders throughout the company’s value chain. The Risk Management, Corporate Governance, and Sustainable Development Committee is responsible for overseeing and approving strategic plans and action plans related to risk management and ESG development, ensuring alignment with national and international sustainability management standards. The committee also drives the operations of relevant departments to support the execution of sustainability strategies and reports the progress of sustainability efforts to the board of directors.
Sustainability Management Strategy
The company is committed to being a technology company that operates with sustainable growth, considering the benefits of stakeholders in all dimensions. The United Nations Sustainable Development Goals (SDGs) serve as one of the key frameworks referenced in formulating the organization’s strategic direction. The company has outlined operational approaches to enhance and drive the achievement of goals across three dimensions following the ESG (Environment, Social, and Governance) guidelines as follows:
Aim for environmental care, natural resource conservation, appreciated resource consumption, such as reduction of recycling, and reuse for worthwhile resource consumption and maximum benefit from the design, development of products, manufacture of products, transportation, and sales, until the use of products by the customers. All of them are related to energy consumption, water consumption, the creation of waste products and pollution, and the emission of greenhouse gases to sustainably balance ecosystems.
Goal: To deliver a positive and high-quality experience throughout the entire supply chain.
Non-discrimination and ensuring equal opportunities for all groups, including promoting employment among local, underprivileged, persons with disabilities, and vulnerable groups, regardless of race, skin color, religion, age, gender, sexual orientation, educational background, or political views, and adhering to human rights principles throughout the business value chain, protect the labor rights, safety, and health, while fostering a positive work environment, and continuously manage and develop the personnel at the same time, provide the appropriate welfare to create value and upgrade the quality of life of the communities and society for sustainable growth.
Non-discrimination and ensuring equal opportunities for all groups, including promoting employment among local, underprivileged, persons with disabilities, and vulnerable groups, regardless of race, skin color, religion, age, gender, sexual orientation, educational background, or political views, and adhering to human rights principles throughout the business value chain, protect the labor rights, safety, and health, while fostering a positive work environment, and continuously manage and develop the personnel at the same time, provide the appropriate welfare to create value and upgrade the quality of life of the communities and society for sustainable growth.
Goal: To create a better society and quality of life towards sustainability.
Consider the Corporate Governance Code, Code of Business Conduct, relevant laws, and requirements, with a strong focus on anti-corruption, fair trade competition, and the management of risks related to sustainability and business continuity throughout the supply chain to maintain competitiveness, build business reliability, and showcase the potential for creating long-term sustainable returns.
Goal: To create sustainable business and economic growth.
The company has implemented its sustainability management policy throughout the organization by setting clear goals and directions for corporate sustainability efforts. This encompasses the management of environmental, social, and governance (ESG) aspects. The company communicates sustainability information both internally and externally by disclosing its sustainability policy, performance outcomes, corporate governance policies, and various sustainability activities through the Annual Report (Form 56-1 One Report and Structured Data) and the company’s investor relations website. This ensures that all stakeholders have consistent and comprehensive access to sustainability-related information.
Furthermore, the company has incorporated sustainability as a key topic in new employee orientation programs. It also plans to include sustainability considerations in supplier agreement contracts to encourage sustainable business practices with its partners. Additionally, the company is enhancing the presentation of sustainability information in corporate presentations during investor meetings and through its online platforms to meet the expectations of all stakeholder groups.