ThaiBev Sustainability

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CLIMATE CHANGE

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

2030 Target	2040-2050 Target
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

42.8%

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