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ThaiBev’s Sustainability Approach
ThaiBev embraces His Majesty King Bhumibol Adulyadej The Great’s Sufficiency Economy Philosophy (SEP) as a sustainable development guiding principle in tandem with the United Nations Sustainable Development Goals (UN SDGs) to develop company’s overarching 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 to demonstrate ThaiBev’s commitment to conduct business with fundamental responsibility in 4 areas: human rights, labor, environment, and anti-corruption.

The Sufficiency Economy Philosophy (SEP) consists of 3 principles: Moderation, Reasonableness, and Prudence with foundations of knowledge and virtue. Abiding by SEP allows ThaiBev to achieve balanced growth in 4 dimensions of Environment, Society, Arts & Culture, and Economy. The SEP along with the 17 UN SDGs, seek to apply knowledge and experience to sustain growth while reducing negative impact on the environment and promoting human capital development. ThaiBev’s PASSION 2025, that will support ThaiBev to maintain its position as a stable and sustainable ASEAN leader, is consistent with SEP and UN SDGs by engaging and building strong relationships with all stakeholders to drive sustainability and organizational growth.

Managing impacts from business

Caring and sharing

Art and Culture
Promoting artistic and cultural conservation

Creating business value
Corporate Sustainability Structure

The Board of Directors is responsible for overseeing the business, setting its strategies, and developing the organization for stable and sustainable growth for the benefit of all stakeholder groups. Under corporate sustainability development strategies, ThaiBev believes that the company will grow and create limitless opportunities to the business and society as a whole.

The Board appointed the Sustainability and Risk Management Committee (SRMC) to support the Board in formulating sustainability strategy and risk management policies, as well as oversee sustainable development and risk management activities in accordance with the policies and strategies set by the Board

To drive sustainable development, the President and CEO appointed the Corporate Sustainability Development Committee (CSDC) to consider, plan, and implement ThaiBev’s sustainable development program in line with the direction and strategy set by the Board or the Executive Committee. 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 material sustainability topics. The SDWT also monitors and reports the progress of sustainable development programs to the CSDC and SRMC.

ThaiBev has participated in the Dow Jones Sustainability Indices (DJSI) Corporate Sustainability Assessment for 6 consecutive years. In 2020, ThaiBev was selected as DJSI Emerging Market and DJSI World Indices for fifth and fourth consecutive years, respectively. ThaiBev is the first Asian company to be selected as a sustainability leader in the beverage industry for third consecutive years. This remarkable achievement reflects ThaiBev’s commitment in sustainable development.

ThaiBev gives priority to the environment issues given that environmental conditions impact communities and quality of lives, which consequently affect the company’s operations. If the environment is well maintained, communities and society as a whole and businesses can thrive. Thus, environment, communities, society must be co-exist and support each other.

In 2020, ThaiBev initiatied and collaborated with other DJSI industry leaders in Thailand to drive sustainable development by organizing the first Thailand Sustainability Expo (TSX) 2020 under the concept, “Sufficiency for Sustainability.” ThaiBev also co-founded the Thailand Supply Chain Network (TSCN) to create collaboration among member companies by gathering ideas to generate insight in order to (1) protect business value through business continuity management, business laws, finance, and corporate social responsibility, (2) create value from investments by supporting existing business operations, i.e. cross-selling, cross-training, joint ventures, or resource sharing, and (3) innovate through investment in startup funds for social enterprises, cross-sharing business skills, or developing programs to promote the country’s economic development for a more stable and sustainable future.
Insights from
Sustainability Expert

H.E. Dato Lim Jock Hoi
Secretary-General of ASEAN

As a developing region, ASEAN faces pressing challenges from rapid urbanization, strong population growth, and depletion of natural resources. We are also one of the world’s most vulnerable regions in terms of climate change and natural disasters. To address these challenges, ASEAN is cultivating a “Culture of Prevention” to promote peace, resilience, and care for the environment. The region and its people are actively seeking ways to prevent the risks of natural, human-induced disasters and environmental degradation.

This year, COVID-19 has wrought unprecedented socio-economic effects on the region, and the pandemic has highlighted the urgent need for people to reflect on their relationship with the environment. However, with the global landscape transformed by COVID-19, it is highly unlikely that commercial enterprises or industries will embrace a “business-as-usual” approach in the post-pandemic era. Digital technologies have gradually emerged as part of the “new normal” in doing business in ASEAN. In the long run, businesses will be expected to promote sustainability and inclusivity in their operating models and practices.

Dr. Taweesin Visanuyothin
Ministry of Public Health - Inspector General
The Center for COVID-19 Situation Administration (CCSA) – Spokesperson

The COVID-19 pandemic has had a broader. The government had to announce a state of emergency and instruct people to stay at home. The order caused a decrease in consumption and investment leading to closure and/or scaling down of some businesses. It is admirable that during this crisis, ThaiBev worked to assist Thai society and the economy by producing and distributing alcohol gel and masks to employees, partners, hospitals, and other organizations all over the country. ThaiBev’s policy not to reduce or terminate employees has helped move our society and economy forward.