Page 37 - SD RATCH EN

Management Approach of 2020 Material Aspects
RATCH Group PCL.
Sustainability Report 2020
37
Generate governance-based economic growth and maintain national energy and infrastructure security
Build trust and confidence among stakeholders and community through equality and engagement
Efficiently preserve environmental quality, balance of ecosystem and greenhouse gas efficiency
RATCH and stakeholders’ material aspects in 2020
Dimension
Materiality
Risk
Opportunity
Economic
Risk management
Abrupt technological change, transition to digital society, and climate change lead businesses towards new dimensions and varieties of risks.
Review the method and process of enterprise risk assessment by exploring newly-developed risk assessment tools that give the comprehensive multi-dimensional picture
of environmental, social and human rights risks. Such picture will help shape a comprehensive enterprise risk management strategy and increase the efficiency of strategic decision-making process. The review is slated for completion in 2021.
Operational oversight/ Operational excellence
Intensifying competition in the electricity generation business due to newcomers; huge investment; requirement of partners in most projects; requirement of skilled and experienced teams for projects under development and construction and those commercially-operated; and an internal work process that allows successful project management.
Apply High Performance Organization concept in the assessment and improvement of work process, for greater efficiency and better responses to organizational objectives. Gap assessment took place in 2018, followed by a work plan for material aspect improvement under the goal to lift organizational performance on par with companies in the same industry. The post-assessment is scheduled for 2022.
Business strategy for Sustainable growth
Sustainability development framework that highlights economic, social and environmental balance being a key criterion exercised by institutional investors in Thailand and abroad in evaluating corporate determination and capabilities in economic, social and environmental management.
Integrate sustainability development into business strategies to ensure the coverage in economic, social and environment dimensions. Set environmental objectives, particularly those involving greenhouse gas management which is a material aspect to stakeholders and a social issue. The process is expected to complete in 2021.