ThaiBev Sustainability 2021

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ThaiBev's Sustainability Approach

Throughout 2021, ThaiBev has embarked on the next phase of its evolution with a business transformation program known as PASSION 2025, which is defining the company’s goals over the first half of the current decade. Through PASSION 2025, ThaiBev is determined to accelerate its efforts to grow new business opportunities, strengthen its competitive advantages, unlock the full value of potential opportunities, and continue to pursue meaningful sustainability initiatives under its mission of “Creating and Sharing the Value of Growth” with stakeholders. ThaiBev aims to be the leading beverage company in ASEAN, making positive, tangible contributions both to the environment and society.

ThaiBev also strictly adheres to the United Nations’ 17 Sustainable Development Goals (UN SDGs) and the principles of the UN Global Compact, as well as the Task Force on Climate-Related Financial Disclosures (TCFD). The company embraces numerous international agreements and commitments, and is constantly looking for new ways to assume a greater leadership role in the region in terms of adopting the latest best practices and international standards on key environmental and governance issues. ThaiBev is also a staunch advocate of the Thai government’s Bio-Circular-Green (BCG) national development strategy.

As Thailand continues to adjust to the “New Normal” amid the global COVID-19 pandemic, ThaiBev is actively leading the way forward by keeping abreast of new innovations and promoting new technologies, constantly working to improve efficiency and positively impact society.

Sustainability Management

ThaiBev is committed to sustainability at all levels of its business, with ThaiBev’s Board of Directors responsible for determining its sustainability strategies, and guiding the organization toward stable and sustainable growth for the benefit of all stakeholders. Under its corporate sustainability development strategies, the company believes it can both grow its business and also create numerous opportunities for its stakeholders and ultimately share these benefits with society as a whole.

The Board-appointed Sustainability and Risk Management Committee (SRMC) helps formulate the company’s sustainability strategy and risk management policies, and oversees sustainable development and risk management activities in accordance with the policies and strategies set by the Board.

The President and CEO appointed the Corporate Sustainability Development Committee (CSDC) to guide 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), which is comprised of representatives from different business groups and divisions, develops plans and sustainable development projects and participates 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.