RATCH sets forth the Corporate Sustainability Development Policy as the strategy for economic, environmental and social development of the Group’s operations in Thailand and overseas. The Environment, Social, Governance (ESG) Working Group was formed to set ESG’s goals and actions ensuring progress and tangible results. The policy covers the following areas:
More Info : Corporate Sustainability Development Policy
RATCH is aware that energy, though being an essential factor of all countries’ economic and social development, causes environmental impacts that lead to climate change. RATCH is determined to join national and international endeavors in reducing greenhouse gas emissions (GHG), to slow an increase in global temperature and mitigate the intensity of natural disasters caused by climate change.
Novel fuel-saving innovation for small power producers (SPPs)
RATCH wins Best Innovative Company Award at the Stock Exchange of Thailand’s SET Awards 2020, through the 3-combined generation system at Berkprai Cogeneration Power Plant that includes gas turbine, steam turbine and gas engine. It is the first innovation of Thailand’s SPP industry.
Raise electricity generation from renewable energy
In 2020, RATCH’s equity installed capacity successfully invested 1,174.68 MW increasing portion of equity capacity from renewable accounted to 14.4 percent (of 8,174 MW equity capacity) against the new 25 percent target set for 2025. The electric power generated by renewable energy in 2020 totaled 4.94 million megawatt-hour, 10 percent from domestic power plants and 90 percent from the overseas power plants including Lao PDR, Indonesia and Australia (48 percent, 25 percent and 17 percent, respectively). The renewable energy reduced GHG by 1,225,787 tons of carbon dioxide equivalent.
Emission reduction under T-VER program
Ratchaburi Power Plant continually proceeded with its 3 T-VER programs in reducing GHG emissions. The MRV framework (Monitoring, Reporting and Verification) was applied to achieve emissions-control standards and support the future implementation of Thailand’s Emission Trading Scheme (ETS).
Energy and resource savings
RATCH Group has campaigned for and implemented energy and resource-saving programs at Head Office and after-process activities at power plants. They are Green Office Project, Waste Bank Project and 3R (Activity Reduce/ Reuse/ Recycle)
Community energy-saving campaign
RATCH builds community engagement by giving them knowledge and understanding in support of projects and activities that will help reduce energy and resource consumption as well as save household expenses. In a way, the move helps reduce GHG emissions.
Projects applied Low Emission Support Scheme
The Company submitted Head Office’s 1 energy-saving project and 2 community energy-saving projects to GHG evaluation under LESS Scheme (in energy-efficiency category). The projects reduced GHG emissions by 16.72 tCO2e per year.
Aside from schemes that tackle internal emissions, RATCH has continually promoted the capture of GHG through the conservation of community forests which are key carbon sinks.
RATCH has encouraged community engagement in preserving community forests which are indirect carbon sinks since 2008 under “Love the Forest and the Community Project” or “Kla Yim”. Together with the Royal Forest Department, the community forest contest has been organized. In 2020, RATCH extended supports to 145 community forests that encompass 93,023 rai which in effect helped the Company capture 186,046 tons of carbon dioxide (based on the Royal Forest Department’s estimate that forests can capture 2 tons of carbon dioxide per rai per annum on average).
More Info : โครงการคนรักษ์ป่า ป่ารักชุมชน
The Risk Management Committee and the Risk Management Working Group conducted the assessment on organization-level and project-level risks relating to climate change, to ensure RATCH Group’s appropriate preparedness and preventive measures. They also ensured the Group’s Business Continuity Plan is sufficient for abrupt emergencies, to avoid business disruption.
More Info : Risk Management
RATCH envisages that worsening climate change will induce uncertainties that may turn to emerging risks and affect the Company’s future operations. Risks relevant to climate change or climate change impacts that may have significantly adverse or positive impacts on the Company’s operations are as follows:
