Page 40 - SD RATCH EN

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Sustainability Report 2020
RATCH Group PCL.
Corporate Sustainability Development Strategy and Progress
RATCH sets forth the Corporate Sustainability Development Policy (https://www.ratch.co.th/en/cg/ corporate-policy/corporate-sustainability-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:
Economic
Environmental and adaptation to climate change
Social and community
• Explore approaches to continually improve all fronts of operational efficiency.
• Develop and promote corporate innovations and new technology
as business strategies for the organization’s added value and long-term growth as well as mutual benefits for society and the environment.
• Encourage and support adaptation of business partners, suppliers and stakeholders throughout the value chain with the sustainable development principle.
• Ensure environmental and biodiversity management meet relevant laws and regulations; invest in, develop and improve the environmental management system; and seek new measures and approaches to lift the management efficiency and better control the environmental quality.
• Invent and seek ways to reduce resource and energy consumption as well as the emissions of pollutants and greenhouse gas, so as to prevent, control and minimize impacts.
• Set targets for GHG generated by electricity generation and other business operations; define the assessment approaches for climate risks and impacts; and seek measures to reduce GHG emissions and adapt to climate change.
• Invest in employee capability development through training and necessary resources and create workplace environment that is safe and supports creativity and their full potential.
• Respond to customers’ demands and comprehensively satisfy customers in terms of contractual product quantity and quality.
• Promote community and stakeholder engagement by embracing their opinions, holding transparent and creative discussions, adopting equal treatment with respect to individual differences, and improving community quality of life and strengths.
• Collaborate with the public sector, business associations, partners, civic groups and stakeholders in developing and/or applying sustainability-related measures and best practices.
Goals
• Increase renewable energy capacity • Development of green business,
technology and innovations
Goal
• GHG emission reduction target
Goal
• No complaint or petition for remedy or compensation
Significant progress on sustainable development in economic, environmental and social aspects in 2020
Sustainable development’s economic progress
In 2020, RATCH was more active in exploring investment opportunities in renewable energy, green businesses, technology and innovations. Key activities are as follows: