ThaiBev Sustainability

Our sustainable development practices, under the strategy “Enabling Sustainable Growth”, will continue to be guided by the Sufficiency Economy Philosophy (SEP) of His Late Majesty King Bhumibol Adulyadej the Great, as we honor 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” as our guiding principles.

As we reach the midway point of the United Nations’ “Decade of Action” on the Sustainable Development Goals (SDGs), ThaiBev is accelerating our own initiatives to help the world meet critical challenges presented by climate change and extreme weather. Through both adaptation and mitigation activities, our goal is to improve ThaiBev’s climate resilience, while enhancing value creation for ThaiBev’s business, our partners, and connected communities. ThaiBev’s net-zero targets, approved by the Science-Based Targets Initiative (SBTi), aim to reduce GHG emissions from our own operations (Scope 1), purchased energy use (Scope 2), and other indirect emissions (Scope 3) to achieve net-zero by 2050.

Over the past year, there were several significant milestones in our sustainability journey. Our commitment to renewable energy saw the completion of solar power installation across 38 plants in Thailand, while our effort to improve climate resilience led us to conclude physical risk assessments of natural hazards at 71 facilities across Thailand, Vietnam, Scotland, Myanmar, Malaysia, Singapore, New Zealand, France and Cambodia. Further committing ourselves to Extended Producer Responsibility (EPR) and circular economy, ThaiBev collected 989,548 tonnes of post- consumption packaging, and launched “est Cola” carbonated soft drink product in bottle made from 100% recycled PET (rPET). Under the Social pillar, ThaiBev places great importance and provides continuous support on public health, education, sports, arts and culture, and community development through collaboration with all sectors to develop sustainable social responsibility projects. In collaboration with Mae Fah Luang Foundation, ThaiBev has joined the Community Forest Project aiming to integrate community development with forest preservation. Together with the public sector, ThaiBev provided support to flood victims in northern and northeastern provinces. ThaiBev also places great emphasis on developing human capital and strengthening organizational capabilities by investing in talent attraction and retention. In 2024, our employee engagement level improved to 86%.

Under the Governance pillar, ThaiBev launched the Artificial Intelligence (“AI”) Policy to ensure the effective and efficient application of AI in the business operation. In addition, ThaiBev received the Most Transparent Company Award - Consumer Staples Category at SIAS Investors’ Choice Awards 2024 in Singapore. The award represents good corporate governance in terms of transparency in disclosing information to investors.

ThaiBev continues to promote Sustainability Expo (“SX”), a collaboration platform for sustainable development, which was held for the 5th consecutive year. In 2024, SX achieved over 770,000 attendees, featuring more than 750 speakers from 10 countries. ThaiBev, together with co-founders of Thailand Supply Chain Network (“TSCN”), announced a joint Declaration of Intent on TSCN Business Partner Code of Conduct, as well as recognized suppliers of TSCN co-founders through Sustainability Awards in the Expo.

In 2024, ThaiBev has expanded the scope of its sustainability reporting to incorporate activities of Fraser and Neave, Limited as our subsidiary in favor of a share swap transaction. ThaiBev fully recognizes that our increasingly international operations imply increased responsibility to spreading and upholding our sustainability commitments as stated in our mission in “Creating and Sharing the Value of Growth”.

I would like to extend our gratitude for the continued trust placed in us by our employees, customers, business partners, and all stakeholders.

Thapana Sirivadhanabhakdi

Group CEO


Read More Information about MESSAGE FROM THE CEO in Sustainability Report 2024