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Message from Group CEO
As the world faces serious geopolitical and climate challenges, ThaiBev remains steadfastly committed to sustainable development practices and achieving our Environmental, Social and Governance (ESG) goals. In this pursuit, ThaiBev honors the first royal command of His Majesty King Maha Vajiralongkorn Phra Vajiraklaochaoyuhua to “continue, maintain and extend for the benefit and happiness of the people” and the Sufficiency Economy Philosophy (SEP) of His Late Majesty King Bhumibol Adulyadej the Great as our guiding principles, along with the 17 United Nations Sustainable Development Goals.
Throughout 2023, we improved our sustainability-related operations and launched multiple initiatives to ensure achievement of our “Enabling Sustainable Growth” goal which comprises of clear environmental, social and governance initiatives and goals, including the targets to achieve 100 percent water replenishment; 100 percent reusable, recyclable and compostable packaging; and net-zero GHG emissions from our operations (Scope 1) and purchased energy use (Scope 2) by 2040.

Notable examples of significant initiatives from 2023 include a new collaboration with Thailand’s Hydro-Informatics Institute to launch a water replenishment program, a thorough study of recycled PET (rPET) usage in our packaging, and the consolidation of GHG emission reduction plans across all ThaiBev’s operation sites in preparation for our submission to the Science Based Targets initiative (SBTi). These initiatives demonstrate ThaiBev’s seriousness in improving our performance and mitigating our environmental impact on three of the company’s top material issues: water security, post-consumer packaging waste, and GHG emissions in our production and delivery processes.

On the Social front, ThaiBev has extended our reach beyond Thailand to engage with employees and communities in Myanmar, Vietnam, and the United Kingdom. The establishment of C asean Vietnam is testament to our commitment to expand our social impact to all the countries where we operate. Meanwhile, to further strengthen our Governance, ThaiBev has established six functional centers at group level to ensure adequate expertise and consistent policies and practice standards across all our subsidiaries in all countries. These six functional centers are: Sustainability and Strategy, Brand and Commercial, Digital and Technology, Human Capital and Organization Capability, Finance and Accounting, and Corporate Affairs and Governance.

As in previous years, ThaiBev continues to leverage our leadership position to promote collaboration platforms for sustainable development. Sustainability Expo (SX), which was held for the fourth time in 2023, under the theme “Sufficiency for Sustainability”, is now a truly regional draw, featuring participation from 246 organizations, including 25 from outside Thailand. - SX 2023 received more than 300,000 visitors and carefully considered its own environmental impacts through the recycling of more than 6.6 tonnes of packaging materials and more than 2 tonnes of fertilizer generated from food waste.

As a beverage and food industry leader in the ASEAN region, we are highly conscious that leadership calls for not only business resilience and operational excellence, but also environmental protection, social impact, and good governance. I would like to extend our gratitude for the continued trust placed in us by our employees, customers, business partners, and other stakeholders, and would like to invite you to join us in our sustainable development journey.

We deeply believe that our collaborative approach will enable ThaiBev and our stakeholders to weather all uncertainties and propel ourselves into a bright, sustainable future, in line with our mission of “Creating and Sharing the Value of Growth”.
Thapana Sirivadhanabhakdi
Group CEO