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Corporate Sustainability Structure

Sustainability Management

The Board of Directors is responsible for overseeing the business, setting strategies, and developing the organization for stable and sustainable growth for the benefits of all stakeholder groups.

The Board of Directors has appointed the Sustainability and Risk Management Committee (SRMC) to support the Board of Directors in formulating sustainability and risk management policies, establishing ThaiBev’s sustainable development strategies, as well as supervising sustainable development activities and risk management in accordance with the policies and strategies set by the Board.

To drive sustainable development, the President and CEO has appointed the Corporate Sustainability Development Committee (CSDC) to be responsible for considering, planning, and implementing ThaiBev’s sustainability development program in line with the direction and strategy set by the Board or the Executive Committee. In addition, the Sustainability Development Working Team (SDWT), consisting of representatives from various business groups and divisions, is responsible for developing plans and sustainable development projects as well as participating in corporate sustainability assessments that verify the comprehensiveness of materiality topics. The SDWT also monitors and reports the progress of sustainable development programs to the SRMC.

ThaiBev has participated in the Dow Jones Sustainability Indices (DJSI) Corporate Sustainability Assessment for five consecutive years, and has been listed in the DJSI Global Beverages Industry Leader for the second year running. The company is the first Asian company to be named a sustainability leader in the beverage industry, and has been listed in the DJSI World index for the third year running (2017, 2018 and 2019). It has also been listed as DJSI emerging market member for four consecutive years. In addition, the company’s sustainability performances have developed in leaps and bounds, and it has been recognized as an Industry Mover in 2017-2018, for two years in a row. This remarkable achievement is a result of continuous effort to become a leading sustainable organization.

ThaiBev places importance on environmental issues first and foremost. However, both environmental and social issues can affect the company’s business operations; if the environment is destroyed, the community cannot survive. This will affect society as a whole and prevent business from thriving. Therefore, it is important for the environment, community and society to co-exist.

Insights from Sustainability Experts
Sumet Tantivejkul, PhD
Secretary General
The Chaipattana Foundation
The world’s natural resources are depleting rapidly, and these natural resources must cater to a continuously growing global population. Some scholars have estimated that it would take three Earths to sustain both the consumption of and waste generated by the current global population. Therefore, responsible consumption is everyone’s duty before a world war for natural resources arises.

In the realm of business, the direction of Corporate Social Responsibility (CSR) has shifted away from a charity approach to ongoing social contribution activities with clear impact measurements. Many organizations that previously conducted projects merely to offset their negative environmental impacts have started to expand their CSR activities towards other areas such as community and sustainable development.

To be effective in solving social issues and developing social projects, one needs to understand the “socio-geology” of each area. “Geology” refers to physical conditions of the area such as soil, water, wind, and fire. The “socio” part refers to the mindset, living conditions and the local culture. Once one is aware of the socio-geology of the area, one will need to create mutual understanding and meaningful engagement with the locals prior to proposing solutions that would create long-lasting impact.

ThaiBev, as a leading organization with an extensive business network, can be a main driving force for social responsibility and sustainable development. For example, driving for environmental protection standards, energy conservation, and Circular Economy, among others. The ultimate goal is to create “benefits and happiness” - for ThaiBev, its business partners, and Thailand as a whole. These efforts will bring pride for ThaiBev and inspire praise from society.