ThaiBev embraces His Majesty King Bhumibol Adulyadej The Great’s Sufficiency Economy
Philosophy (SEP), in tandem with the United Nations Sustainable Development Goals (UN
SDGs), to establish its sustainable development strategy.
These principles are incorporated
into guidelines to push forward business operations in a responsible manner for all stakeholders,
environment, and society.
In 2019, ThaiBev became a member of the UN Global Compact,
which commits ThaiBev to conduct its business with fundamental responsibility in four areas:
human rights, labor, environment and anti-corruption.
The linking together of
knowledge and experience
The Sufficiency Economy Philosophy (SEP) consists of three
principles: Moderation, Reasonableness, and Prudence. Abiding by
these three principles, based on the foundations of knowledge
and virtue, allows the company to remain stable and sustainable
through the currents of globalization and change, leading to
balanced progress in all four dimensions: Environment, Society,
Arts & Culture, and Economy. At the same time, with its
sustainable development strategy, ThaiBev is confident that it
will be able to be self sustaining and develop limitless opportunities
for business and society as a whole.
The two frameworks, SEP and UN SDGs, emphasize utilizing
knowledge, experience, and rationale to achieve steady growth,
while reducing environmental impacts and promoting human capital
development. Moreover, SEP and the UN SDGs are consistent with
ThaiBev’s Vision 2020 to become “a stable and sustainable ASEAN
leader”. Hence, ThaiBev prioritizes engaging and establishing good
relationships with all stakeholders so that sustainable growth can
be obtained for all.