ThaiBev intensifies commitment to sustainable growth

Thai Beverage Plc (ThaiBev) is embarking on a transformative journey towards sustainable development, driven by a steadfast commitment to environmental stewardship, social responsibility, and robust governance practices. Under the visionary leadership of Tongjai Thanachanan, the company’s Executive Vice President and Chief of Sustainability and Strategy, ThaiBev has embraced an integrated approach known as Enabling Sustainable Growth (ESG). This comprehensive strategy not only underscores ThaiBev’s dedication to fostering a sustainable future but also aligns with the enduring principles of royal commands and the Sufficiency Economy Philosophy of His Majesty King Bhumibol Adulyadej the Great.

Environmental Sustainability

At the core of ThaiBev’s sustainability agenda lies its ambitious environmental targets. With a resolute commitment to combatting climate change, the company aims to achieve net-zero emissions by 2040, signaling a bold step towards mitigating its carbon footprint. Central to this endeavor is the pledge to increase the share of renewable energy usage to 50%, underscoring ThaiBev’s proactive stance in embracing clean and sustainable energy sources. Through innovative technologies and strategic partnerships, ThaiBev is spearheading initiatives to minimize environmental impact while maximizing operational efficiency.

Social Responsibility

Beyond environmental conservation, ThaiBev is deeply committed to fostering social well-being and community empowerment. Embracing the ethos of corporate citizenship, the company seeks to enhance public health by prioritizing the production of health-focused products, with a target of achieving an 80% proportion by 2030. This strategic shift underscores ThaiBev’s dedication to promoting healthier lifestyles and combating prevalent health challenges. Moreover, ThaiBev’s collaboration with strategic partners extends beyond commercial interests, mandating adherence to stringent codes of conduct to uphold ethical standards and social responsibility.

Governance Excellence

Integral to ThaiBev’s sustainability framework is its unwavering commitment to governance excellence. Rooted in principles of transparency, accountability, and ethical conduct, the company sets the highest standards for corporate governance. By aligning its practices with international best practices and regulatory requirements, ThaiBev ensures robust oversight and risk management across its operations. Through effective governance mechanisms, the company strives to build trust and confidence among stakeholders, laying the foundation for long-term sustainability and value creation.

Collaborative Partnerships

Recognizing the importance of collaboration in advancing sustainability goals, ThaiBev has forged strategic partnerships to amplify its impact. The establishment of the Thailand Supply Chain Network (TSCN) in collaboration with eight organizations exemplifies ThaiBev’s commitment to fostering knowledge-sharing and collective action. By leveraging the expertise and resources of diverse stakeholders, ThaiBev seeks to drive innovation, promote sustainable practices, and create shared value for all partners. Through collaborative endeavors such as the Thai Beverage Recycle (TBR) initiative, ThaiBev demonstrates its commitment to addressing pressing environmental challenges while generating tangible benefits for local communities.

Charitable Initiatives

In addition to its corporate endeavors, ThaiBev actively engages in philanthropic initiatives to uplift disadvantaged communities and address societal needs. Through initiatives such as the donation of eco-friendly blankets made from recycled PET bottles, ThaiBev demonstrates its commitment to environmental conservation and social welfare. By repurposing PET bottles into functional products, ThaiBev not only reduces waste but also provides tangible support to vulnerable populations. These charitable efforts exemplify ThaiBev’s holistic approach to corporate social responsibility, where environmental sustainability and community welfare intersect to drive positive change.

Public Platforms and Recognition

ThaiBev’s commitment to sustainability extends beyond internal initiatives to encompass broader advocacy and engagement efforts. The company actively participates in public platforms such as the Sustainability Expo (SX), facilitating dialogue and knowledge exchange on sustainability-related issues. Moreover, ThaiBev’s involvement in initiatives like the Carbon Disclosure Project (CDP) underscores its commitment to transparency and accountability in addressing climate change and water security. The company’s sustained efforts have garnered recognition from prestigious indices such as the Dow Jones Sustainability Indices (DJSI), where ThaiBev consistently earns accolades for its outstanding performance and leadership in sustainability.

In conclusion, Thai Beverage Plc stands at the forefront of sustainable development, championing a holistic approach to business that integrates environmental, social, and governance considerations. Through its Enabling Sustainable Growth (ESG) strategy, ThaiBev is not only shaping its own future but also contributing to the broader goal of building a more resilient and sustainable world. With unwavering commitment, collaborative partnerships, and visionary leadership, ThaiBev is paving the way towards a brighter and more sustainable future for generations to come.