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THAIBEV'S SUSTAINABILITY APPROACH
Inspired by the Sufficiency Economy Philosophy (“SEP”), we strongly believe that effective sustainable development operations need to be founded upon a collaborative approach, sound governance structure, inclusive stakeholder engagement, and clear prioritization of material sustainability issues. SEP is a principles-based framework that promotes careful management of resources with respect to impacts on the environment, economy, community, and local culture, in order to create balanced and sustainable development overall. By applying the wisdom of SEP principles, ThaiBev believes we can attain a world-class standard of ESG and effectively engage local stakeholders, while also addressing global issues and contributing to international agendas such as the UN Sustainable Development Goals (SDGs).
To ensure a science- and evidence-based approach to sustainability that meets public and international expectations, standards and regulations, we create accountability and transparency through our participation in the Task Force on Climate-Related Financial Disclosures (TCFD), Global Reporting Initiative (GRI) and Carbon Disclosure Project (CDP). We have set clear targets and implement action plans to improve our performance in all areas, especially in those that represent key materials issues related to our operations or impacting society at large. In 2022, ThaiBev announced commitments focusing on a broad range of key material issues that involve the company and its stakeholders. These pledges include net-zero greenhouse gas emissions as well as targets for water replenishment and biodiversity. In 2024, ThaiBev reviewed its material priorities through a double materiality assessment that considered both internal and external impacts. The results of this new assessment is published on page 24.

We have also enacted policies and plans that focus on creating collaboration for actions on ESG across our existing ecosystems and across industries. These plans include public platforms, collaborations with partners, and continuous assessment and improvement of our own operations. In this way, ThaiBev can 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, while also positively impacting the well-being of society, the environment, and the world.

Sustainable Development Approach

Sustainability Strategy
Remark: Excluding F&N operations. ThaiBev will assess baselines and review targets to include F&N in fiscal year 2025/2026


Governance
Engagement and leadership begins with our Board of Directors, which is responsible for overseeing and determining the company’s overall ESG, business and risk strategies, and guiding the organization toward stable and sustainable growth for the benefit of all stakeholders. Under the ESG strategy “Enabling Sustainable Growth,” the Board believes we can grow our business and reduce risk, while creating numerous opportunities for our stakeholders and ultimately sharing these benefits with society as a whole.

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

For the first time, in 2022 Group CEO appointed an Executive Vice President to act as Chief Sustainability and Strategy, to ensure the company’s group strategy and business transformation is integrated with its sustainability plans. Chief Sustainability and Strategy also serves as secretary of the Sustainability and Risk Management Committee (SRMC), which is supported by the Sustainability Development Working Team (“SDWT”). SDWT, comprised of representatives from different business units, develops plans and ESG projects and participates in corporate sustainability assessments that verify the comprehensiveness of material sustainability topics. The SDWT also monitors and reports the progress of ESG programs to the SRMC.
ThaiBev Group’s Sustainability and Risk Management Structure