Page 39 - SD RATCH EN

RATCH Group PCL.
Sustainability Report 2020
39
Dimension
Materiality
Risk
Opportunity
Environmental
Resource utilization management and environmental quality control
• Engage with community by setting up the Environmental Inspectors Committee
or a tri-partite working team comprising community’s representative, to monitor power plants’ environmental management; put in place a community relations unit to establish a communications channel with communities; set up a complaint channel; and design a standard practice to address complaints.
Social
Employee stewardship
Intensifying competition and transition to Digital Society influence a change in necessary skills, which cause concerns about career advancement among
employees.
• Create capacity building tools to enhance employees’career advancement and equip them with new functional skills and digital skill which will facilitate adjustments to transitions and new assignment for their own benefits in the long run.
Safety management for employees, community and society
The long-standing outbreak of COVID-19 across the globe and possibilities of Lost Time Accidents and Lost Time Injury leading to deaths of the Company’s employees and suppliers’ at power plants older than 10 years and at domestic and foreign projects under construction may derail the Company’s zero accident target.
• Raise old power plants’ safety and occupational health standards to ISO 45001, for more efficient management on safety and occupational health which will protect the Company’s employees and other relevant workers from accidents, injuries and illness.
• Adjust Business Continuity Plan, to include operational guides in case of contagious diseases.
Community stewardship
Community’s expectations rise due to more stringent laws on large-scale projects including power plants and petroleum exploration and production projects that promote civil society and community’s role in setting the boundary of project areas; and strengthened environmental impact assessment process particularly for large projects involved with infrastructure, mining and energy businesses.
• Improve community stewardship via a quality of life improvement plan for community, designed to continually develop its capacity, knowledge and skills through engagement by all parties; and support local wisdom and career networks. RATCH and affiliates have continually provided necessary resources for the process.
Human rights
National Action Plan on Business and Human Rights Phase 1 (2019-2022) was implemented, to tackle human rights violations in the business sector. The plan highlights 4 priority areas: 1) Labor; 2) Community, Land, Natural Resource and Environment; 3) Human Rights Defenders; 4) Cross Border Investment and Multinational Enterprises. The plan requires reporting on human rights performance assessment. In this regards, the SEC acknowledged the requirement and included the reporting in listed companies' disclosure rules, starting in 2022. It also encourages commercial.
• Put in place Human Rights Policy in alignment with the National Action Plan on Busness and Human Rights,
as guidelines for the Company and suppliers: and support the assessment of risks in the 4 priority areas in project feasibility studies.