ThaiBev’s Climate Strategy, launched in FY 2020, consists of three pillars; Climate Change Adaptation, Climate Change Mitigation, and Communities.
Toward 2025 and beyond
ThaiBev has set climate change targets in line with Science-Based Targets Initiative (SBTi) recommendations. This commitment amounts to an absolute reduction in scope 1 and scope 2 emissions of 15% by 2025, with 2019 as the base year.
Scope 3 emissions assessment
As ThaiBev works towards the company’s 2025 science-based emission reduction target, the company has screened and disclosed scope 3 emissions for the first time. The scope 3 emissions data have been collected through collaboration with value chain partners. ThaiBev’s scope 3 emissions assessment reveals key emission reduction opportunities and the impact of initiatives ThaiBev has already implemented.
Water Sustainability Assessments (WSA)
In 2021, a further nine factories underwent WSA, in order to improve ThaiBev’s overall resilience to increasing water stress and scarcity. The assessments help ThaiBev increase its water efficiency and identify replenishment opportunities. The WSA also contribute to ThaiBev’s 3rd Pillar, “Communities”, through engagement with community stakeholders to better understand the impacts of ThaiBev’s operations on watersheds and to collaborate with communities to better protect important watersheds.
Solar Rooftop Scheme
ThaiBev has completed phase 1 of the company’s long-term solar rooftop scheme, which creates a combined installation capacity of 5 MW. ThaiBev has three more phases planned over the coming three years, which will lead to a total installation of 20.6 MW and annual emission reduction of 13,800 tCO2e/year.
Circular Economy Practices
ThaiBev is committed to reducing waste and also emissions through packaging reduction, bottle reuse, and waste collection. As part of its Circular Economy strategy, ThaiBev has implemented packaging reduction initiatives, and embraced the reuse of glass bottles and buybacks of cullet, PET, paper, cardboard, and aluminum. ThaiBev increased capacity for circular economy operations in 2021 by opening a new cullet recycling plant in Nakhon Ratchasima Province.
Reducing the Footprint of ThaiBev’s Products
ThaiBev continues to work with Thailand’s Greenhouse Gas Management Organization (TGO) and other organizations to reduce the carbon footprint of ThaiBev’s products. In 2021, ThaiBev’s “low carbon” products avoided emissions of 30,007 tCO2e.