Home / Enviromental

Climate Change

Climate Change Approach

Scenario Analysis of Transition Risks

Scenario Analysis of Physical Risks
Climate change imposes multi-dimensional impacts not only on environmental conditions but also on economic and community well-being. ThaiBev recognizes the need to accelerate its actions to address the climate crisis, while contributing to global efforts to limit the global temperature increase to below 1.5°C as part of its contribution to the Paris Agreement, and improving the company’s resilience to potential climate impacts.
The company acknowledges the importance of managing climate-related risks, as well as maximizing the opportunities from climate change, to ensure a sustainable long-term future for its food and beverage operations. In doing so, ThaiBev engages with direct and indirect value-chain partners to help them align their activities with the Paris Agreement and international best practices.

ThaiBev’s sustainability strategy has well-defined environmental, social and governance (ESG) initiatives and goals, including a clear target to achieve Net-Zero carbon emissions by 2040.

The strategy will enable ThaiBev to drive sustainable development and resilience across its business, protect the environment, support local communities and enhance governance. The company’s commitment to "Enabling Sustainable Growth" strategy sets out quantifiable targets to help it achieve sustainability and Net-Zero emissions.

ThaiBev has integrated climate-change risks and opportunities into its strategy and operations to drive continued improvement and to enhance its resilience to climate change, while also enhancing value creation for the business and connected communities. The company uses this strategy to disclose climate-related financial risks and opportunities in line with the Task Force on Climate-related Financial Disclosure (TCFD) recommendations.

To ensure accountability for sustainability and climate-related actions, ThaiBev has integrated ESG and climate change-related key performance indicators (KPIs) and monetary incentives as part of employees’ targets
GHG Emissions reduction Targets
  • 50% reduction of GHG emissions Scope 1 and 2 combined, compared to 2019 base year
  • 50% renewable energy used by 2030
  • Net-zero GHG emissions for Scope 1 & 2 by 2040
  • Net-zero GHG emissions for scope 3 by 2050
Low Carbon Products
For low-carbon ThaiBev continues its product registration with Thailand Greenhouse Gas Management Organization (Public Organization) : TGO in the Carbon Footprintt Reduction (CFR) Project to demonstrate reduction of the product’s carbon footprint of not less than 2% when compared to the base year, as required by the TGO’s Carbon Labelling Program. The CFR project enables consumers to contribute towards avoiding carbon emissions by purchasing low carbon products. In 2022, ThaiBev has 42 products with CFR certification equivalent to 0.74 percent of its total revenue.
17 companies
Carbon Footprint for Organization Certification
76 products
Carbon Footprint of Products Certification
42 products
Carbon Footprint Reduction Certification
Renewable energy use
GHG Emissions Data
Performance Unit 2019 2020 2021 2022
Gross Scope 1
GHG emissions
Tonnes CO2e 1,335,633 1,300,640 1,218,876 1,194,495
Direct Scope 1
GHG emissions
Tonnes CO2e 945,064 906,081 800,393 742,488
Biogenic CO2 emissions Tonnes CO2e 390,569 394,559 418,483 452,007
Scope 2
GHG emissions
Tonnes CO2e 185,731 180,371 174,890 194,734
Scope 2
GHG emissions Location-based
Tonnes CO2e 180,509 177,205 170,861 192,239
Scope 2
GHG emissions Market-based
Tonnes CO2e 5,222 3,166 4,029 2,495
Scope 1 and 2
GHG emissions
Tonnes CO2e 1,521,364 1,481,011 1,393,766 1,389,229
Scope 3
GHG emissions
Tonnes CO2e N/A N/A 1,404,457 1,330,365
Note: ThaiBev's GHG inventory and calculation are in line with GHG protocol framework and methodology, and Thailand’s National Guideline on carbon footprint for organizations.
*Scope 1 GHG emissions = Gross Scope 1 GHG emissions + Biogenic CO2 emissions