Page 38 - SD RATCH EN

38
Sustainability Report 2020
RATCH Group PCL.
Dimension
Materiality
Risk
Opportunity
Economic
Corporate governance
Part of ESG underlined by the Stock Exchange of Thailand, the SEC, relevant regulatory bodies, shareholders, foreign partners and suppliers, civil society, domestic and foreign institutional investors; an indicator of corporate sustainability; and a factor that influences public trust and corporate creditworthiness which are the Company’s objectives.
Strengthen governance policy based on the SEC’s CG Code and raise the Company’s governance and sustainability standard to the Top Quartile of listed companies participated in the Stock Exchange of Thailand’s Sustainability Assessment of Listed companies; SET Awards in Sustainability Excellence; Thai Institute of Directors Association’Corporate Governance Report
of Thai Listed Companies (CGR) assessment; and Thai Investors Association’s Annual General Meeting (AGM) Quality Evaluation Program.
Compliance to Code of Conduct and Anti-corruption standards
Compliance to Code of Conduct and Anti-Fraud Corruption Policy being the point of concern of the Stock Exchange of Thailand, business partners, suppliers, local and foreign institutional investors and being a gauge of transparency and business ethics.
Raise governance practices to meet international standards by; having the Corporate Governance Working Group monitor the governance best practices and sustainable development guidelines of the SEC, the SET and international organizations and adjust the Company’s Code of Conduct accordingly; improving and outlining the guidelines for issues material to the Company and stakeholders in timely manner; monitor employees’ compliance to Code of Conduct; assessing the internal audit system’s efficiency and effectiveness; and supporting Thailand’s Private Sector Collective Action Coalition Against Corruption (CAC) under Thai Institute of Directors as a certified member.
Environmental
Greenhouse gas reduction/ Adaptation to long-term climate change
Global warming and climate change prompt the international community to control greenhouse gas emissions to limit global warming to 1.5 degrees Celsius from pre-industrial levels, with emphasis on the emissions from the electricity generation and energy sectors.
• Review business plans and target to generate 25 percent of electricity from renewable energy in 2025. Action plans to achieve the target start in 2021.
• Outline short and long-term strategies to reduce greenhouse gas emissions and set clear targets.
• Explore investment opportunities in businesses specialized in energy-related innovation and energy management.
Resource utilization management and environmental quality control
Community concern over air, water and waste impacts; increasing attention from civil society, media and investors on environmental issues particularly water-related ones and waste management; and stringent laws in Thailand and across the globe.
• Develop renewable energy for power plants’ use, such as floating solar panels in reservoirs; and improve water quality to maximize reuse cycles.
• Develop a water footprint assessment as a tool for efficient water management.