Home / 2019 Sustainability Report / ThaiBev Sustainability Approach
2019 was another successful year for Thai Beverage Public Company Limited (“ThaiBev”). ThaiBev became the first ASEAN beverage company to be ranked as the Global Beverage Industry Leader in the Dow Jones Sustainability Indices (DJSI) for a second consecutive year, while retaining its place in the DJSI World Index for a third consecutive year and Emerging Markets Index for a fourth consecutive year. This reflects our progress towards fulfilling our goal of becoming a stable and sustainable ASEAN leader.

ThaiBev’s Vision 2020, which emphasizes the five pillars of Growth, Diversity, Brands, Reach, and Professionalism, has continued to guide us to become a stable and sustainable ASEAN leader. I am proud to say that with several landmark acquisitions across Southeast Asia and through the tremendous dedication of all our staff, ThaiBev is on track to achieve this goal. ThaiBev has grown from a Thai company to become a regional leader, with a diversified revenue stream and product portfolio, and group synergy. ThaiBev is inspired by our late King, His Majesty King Bhumibol Adulyadej The Great’s Sufficiency Economy Philosophy (“SEP”), and our effort is guided by His Majesty King Maha Vajiralongkorn Bodindradebayavarangkun’s first royal pronouncement that His Majesty is determined to preserve, sustain, and enhance this legacy. The United Nations’ 17 Sustainable Development Goals (“SDGs”) have also helped frame our goals. The SEP principles and the SDG targets have enabled us to take meaningful actions to help address the world’s most pressing environmental, social, and economic challenges as outlined by the UN’s 2030 Agenda for Sustainable Development. At the strategic level, ThaiBev has started harnessing our own potential to develop business solutions that enhance our positive – and mitigate our negative – impact on the SDGs.

With such expansion comes increased responsibility and accountability to ensure that ThaiBev continues to contribute positively to the environment and society. That is why during the implementation of Vision 2020, ThaiBev has invested both financial and human capital into “Creating and Sharing the Value of Growth” with our stakeholders throughout our value chain. ThaiBev remains committed to protecting the environment as ThaiBev believes that a healthy environment is the foundation for a strong community and society – and consequently forms the foundation for businesses to prosper. Thus, ThaiBev conducts several initiatives to reduce our impacts on the environment. In addition, ThaiBev continues to assess risks to our business that could result from climate change. ThaiBev performed environmental sustainability assessments to identity and mitigate risks from potential natural disasters and to identify areas at risk for water scarcity. ThaiBev also established the Sustainability Academy to further align and embed sustainability within the organization, and in 2019, ThaiBev became a member of the UN Global Compact, further cementing our commitment in developing a sustainable future for all.

ThaiBev is proud to have its roots in Thailand, and ThaiBev continues to drive many programs that help Thai people improve their income and wellbeing, and also preserve theThai arts and culture heritage. This year marked the 20th anniversary of our “ThaiBev Unites to Fight the Cold” project, in which ThaiBev provides blankets to those living in rural areas with severe weather. ThaiBev continues to support the Pracharath Rak Samakkee public-private community partnership program, which is focused on enhancing the economic opportunities and living standards of grassroots communities. Meanwhile, the ThaiBev Thai Talent program continues to inspire and support talented Thai youths to excel. ThaiBev is also excited by the ongoing success of several other initiatives, such as ThaiBev’s award-winning WIN WIN WAR program, in which aspiring social business entrepreneurs share best business practices and ideas; and the inaugural launch of Bangkok Art Biennale this year, which was praised by BBC as an important contributor to enhancing Bangkok as a major creativity hub.

As we wrap up Vision 2020, ThaiBev plans to further expand our sustainability efforts in order to ensure ThaiBev remains a stable and sustainable ASEAN leader in the total beverage business. ThaiBev also looks forward to 2020 as it marks the start of our journey towards Vision 2025. On behalf of all the executives, I would like to thank our employees, customers, partners, and all stakeholders for supporting ThaiBev in achieving our vision.

Thapana Sirivadhanabhakdi
President and CEO