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Sustainable Business

Policy and Objectives for Sustainability Management

The company is committed to conducting its business in line with the principles of ESG (Environmental, Social, and Governance), taking into account the impacts on the environment, society, and corporate governance. The company is dedicated to being a socially responsible business and aims to be a positive example of sustainable business practices, ensuring steady and acceptable growth in society based on ethical principles and good corporate governance. Additionally, the company seeks to create efficient returns for shareholders while considering the impacts of its business on all relevant stakeholders. To achieve these goals, the company has established policies related to social responsibility in various aspects, aiming to lead the business in a positive direction for both the company and society as a whole. These policies include a focus on social responsibility, environmental stewardship, and the well-being of all stakeholders to ensure the sustainability of the business and society.

The company has established a commitment to social responsibility, environmental stewardship, and all stakeholders, including shareholders, employees, customers, business partners, competitors, creditors, society, and the environment. Furthermore, the company promotes fair and free competition and avoids any actions that may lead to conflicts of interest or violate intellectual property rights. It also opposes all forms of corruption in various aspects, as follows
Business Governance
The company is committed to conducting business with integrity, fairness, transparency, and disclosing important information that can be verified. The company considers the benefits and impacts on shareholders, customers, business partners, employees, and all relevant stakeholders. It also ensures the fair and appropriate distribution of benefits.
Social Responsibility
The company operates with a sense of Corporate Social Responsibility (CSR) under ethical principles to ensure fairness for all relevant stakeholders. Additionally, the company adopts good governance principles to maintain a balanced operation in terms of economic, community, social, and environmental aspects, leading to sustainable business development.
Compliance and Regulation Oversight
The company places great importance on compliance with laws, regulations, and rules related to the environment, occupational health, safety, at the local, national, and regional levels. It also adheres to international business ethics standards and requires its board members, executives, and employees within the group of companies must conduct themselves within the framework of the law, regulations, and rules. They must not have any involvement, assistance, or engagement in any actions that violate or defy the laws, regulations, and other relevant rules.
Enforcement of Intellectual Property Law
The company does not support any activities that involve the infringement of intellectual property. The board of directors, management, and employees within the group of companies must conduct themselves within the framework of the law, regulations, and rules. They must not have any involvement, assistance, or engagement in any actions that violate or defy the laws and other regulations related to intellectual property.
Encouraging the efficient use of resources
The company promotes the efficient use of resources by encouraging the board of directors, management, and employees at all levels of the organization to use resources in a suitable and sufficient manner that maximizes benefits. This includes communication, providing knowledge, supporting, and creating awareness among employees and all stakeholders to manage existing resources for the organization's maximum benefit.

The company is conscious of the importance of safety, occupational health, and the environment in the workplace for its employees, business partners, contractors, and other stakeholders. As a result, the company has established policies concerning safety, occupational health, and the environment in the workplace, which include the following details

  1. The company is committed to developing a safety, occupational health, and environmental management system that aligns with the law, international standards, and other relevant requirements. This system aims to create a safety-oriented culture among employees, business partners, contractors, and internal stakeholders, ensuring continuous and sustainable practices.
  2. The company believes that safety in the workplace is a duty and responsibility for all employees. All levels of management must serve as good examples, being leaders who support and promote a safety-conscious culture among employees. This includes supervising and ensuring that employees, business partners, contractors, and anyone working within the company's premises follow safety and occupational health regulations with strict adherence.
  3. The company will promote and support the active involvement of employees, business partners, contractors, and individuals working within the company's premises in carrying out activities related to safety, occupational health, and environmental aspects in the workplace.
  4. The company is aware of the importance of prevention and risk assessment concerning hazards and environmental impacts in various work operations. The company will take all necessary measures to ensure that the prevention and mitigation systems are effectively applied for maximum efficiency.
  5. The company will develop its employees' knowledge and instill a sense of awareness among all levels of staff regarding the importance of safety, occupational health, and environmental aspects in the workplace.
  6. The company will monitor and assess the implementation of the safety, occupational health, and environmental policies and objectives outlined in the annual plans to ensure genuine compliance and maximum effectiveness.
  7. The company will provide support and allocate appropriate resources, including budget, time, and relevant personnel, for implementing the safety, occupational health, and environmental management systems in the workplace.
  8. The company will consider safety policies and plans, including off-duty safety, to prevent and reduce accidents, incidents, illnesses, or any hazardous situations resulting from work or unsafe practices, and will present them to the management.
  9. The company will promote and support safety-related activities within the organization.
  10. The company will consider regulations, guidelines, and standards related to safety in the workplace and propose them to the management.
  11. Regular surveys of safety practices in the workplace will be conducted, along with periodic checks of accident statistics within the company.
  12. The company will consider projects or training programs related to work safety, including those focusing on roles and responsibilities regarding safety for employees, supervisors, managers, and staff at all levels, and present recommendations to the management.
  13. A reporting system for unsafe working conditions will be established, and it will be the responsibility of all employees at every level to report such conditions.
  14. Progress on safety-related matters will be monitored, and reports will be presented to the management.
  15. The company will evaluate the performance of the safety measures implemented in the workplace.
  16. Employees will carry out other safety-related tasks as assigned by the management.

Policy and Sustainable Management

Caring for the Value Chain of the Company

The company operates with a strong commitment to fairness, integrity, and consideration for all stakeholders along the value chain. From the upstream suppliers to the downstream customers, the company is dedicated to managing the impact on all parties involved in the value chain, including direct and indirect stakeholders. The company’s approach to managing the impact on stakeholders is as follows

Primary Activities

Managing the impact on stakeholders

1. Suppliers / Partners: Procurement Management

- The company is committed to sourcing products and providing services with standardized principles based on fair competition within an equal database. There are criteria for assessing and selecting suppliers, establishing appropriate trading formats, and ensuring accurate and complete payment in accordance with agreed payment conditions.

- The company places great importance on the selection process of fresh palm bunches, which is the core of its production process. It starts from the selection of traders, raw materials, and employees since the quality of fresh palm bunches depends on the expertise and knowledge of the personnel involved. The company has initiated the "Asian Plus" project to promote knowledge and understanding of palm bunch harvesting among partnering palm oil farmers. This initiative results in a higher extraction rate of crude palm oil due to the improved quality of fresh palm bunches purchased by the company. Additionally, the company has established collection points for fresh palm bunches, making it convenient for suppliers to deliver high-quality raw materials.


- The company is dedicated to developing and maintaining long-term relationships with suppliers and contract partners who share clear objectives regarding product quality, value for money, technical quality, and mutual trust.


- Consistently, the company builds and maintains relationships with partners to foster sustainable business growth.


- Employees are strictly prohibited from accepting or receiving any benefits that are unethical or for personal gain from suppliers.

2. Business Operations

- The company places great importance on the process of selecting fresh palm bunches, which is the core of its production process. The company pays close attention to the selection of suppliers, raw materials, and employees, as the quality of the fresh palm bunches depends on the expertise and knowledge of the employees involved in the selection process. Additionally, the company has established the "Asian Plus+" project to empower palm oil farmers, who are key suppliers, with knowledge and understanding of harvesting high-quality fresh palm bunches. This effort has led to an increased extraction rate of crude palm oil due to the improved quality of the purchased fresh palm bunches. Furthermore, the company has set up purchase points to make it convenient for fresh palm bunch suppliers to deliver high-quality raw materials.



- The company consistently delivers products that meet international standards and ensure the quality of the goods supplied. The company meticulously selects its suppliers, most of whom are reputable and globally recognized companies. Additionally, the company provides efficient services, including design, consultation, installation, and maintenance, to meet the highest standards and satisfy customer needs.

3. International standards

- The company's products adhere to international standards, ensuring that customers have confidence in the quality of the goods and trust in the confidentiality of their information.


- The company consistently delivers high-quality and globally standardized products. The company pays attention starting from selecting reputable suppliers for sourcing raw materials. These suppliers are typically well-established and internationally recognized companies. Furthermore, the company offers efficient services from design consultation, installation, and maintenance to meet the best possible customer requirements.

4. Responsibility for customers and after-sales service

- The company is dedicated to adhering to the business conditions and requirements of customers rigorously, with fairness and trustworthiness.

- Thoroughly study and understand customer needs before presenting products to ensure an accurate response to customer requirements, while constantly providing knowledge to enhance customer satisfaction.

- Interact with customers politely, show respect, and use polite language consistently.

- Maintain a positive attitude towards customer service, emphasizing the importance of service and performing it to the fullest, resulting in valuable and efficient service, leading to excellence in service.

- Employees must respect customer decisions and opinions, not infringe on customer's personal rights.

- Listen to customer complaints, feedback, and suggestions, considering customer expectations.

- Manage customer relationships to foster sustainable cooperation and collaboration.

Stakeholder groups

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Shareholder

- Annual Shareholders' Meeting / Annual Report


-Communication through electronic media and telephone.


- Whistleblowing Channel for Complaints

- Providing Ethical Investment Returns


- Good Corporate Governance and Oversight


- Transparent and Accountable Business Management by Executives


- Effective Risk Management and Crisis Management


- Business Information Transparency


- Timely and Accurate Disclosure of Information


- Efficient Communication with Shareholders

- Creating good financial performance and consistently paying dividends in accordance with the policy.


- Transparently disclosing company information through Meetings with the company's board of directors.


- Developing and continuously improving policies and procedures related to good corporate governance.

Supplier

- Regular business transactions, seminars, and collaborative activities.


- Communication through electronic media and telephone.


- Complaints through a dedicated complaint channel.

- Treat suppliers and partners fairly and equally.


- Implement a fair, transparent, and ethical procurement process.


- Honor contractual agreements with suppliers and partners regarding clear and consistent purchase orders.


- Provide flexibility in adjusting prices of goods and services as appropriate.

- Develop a procurement policy encompassing supplier selection and assessment, as well as fostering the development and enhancement of suppliers' capabilities.


- Top management regularly engages in business meetings with suppliers to present the company's business outlook, understand their concerns, and collaboratively plan business strategies.


- Establish guidelines for ensuring security and confidentiality in handling partners' sensitive information, including the implementation of information technology systems.

Employee

- Managers hold annual meetings with employees.


- Annual evaluation of employee capabilities.


- Exchange of ideas and feedback between supervisors and their subordinates.


- Internal communication through electronic media within the organization.


- Complaints through a dedicated complaint channel.

- Competitive and appropriate compensation and benefits.


- Stable and progressive job roles and responsibilities.


- Workplace safety and occupational health.


- Respect for rights and fair treatment.


- Knowledge and skill development opportunities.


- Job satisfaction.


- Transparency in disclosing management operations.


- Establish company regulations, policies, and HR practices in compliance with relevant laws.


- Formulate human rights policies and conduct comprehensive human rights audits with ongoing monitoring.


- Promote career advancement opportunities for employees within the organization and provide competitive compensation and benefits.

- Design training programs to enhance and develop employees' skills.

- Conduct annual performance evaluations.


- Organize activities that encourage employee participation in various organizational units.

- Provide a secure channel for suggestions and complaints.

Community

- Community involvement through various community activities and other community development initiatives.


- Complaints through a dedicated complaint channel.

- Support the well-being of society and the environment of the community.


- Minimize negative impacts on society and the environment in the community.


- Promote community participation in building a strong and sustainable society through various forms of support and continuous community development.

Business Ethics of the Company

The company has a code of ethics that all board members, executives, and employees must adhere to in their roles as representatives of the company. The code of ethics places importance on all stakeholders, including internal staff, shareholders, partners, society, and the environment. The details of the code of ethics are as follows

The company's Board of Directors places great importance on the rights and equality of shareholders. Shareholders of the company are entitled to receive share certificates and the right to transfer shares. They have the right to access sufficient, timely, and appropriate information to make informed decisions. Shareholders have the right to participate and vote at shareholders' meetings to make decisions on significant company policy changes. They also have the right to participate in the election and removal of directors and to express their approval in the appointment of the company's auditors. Additionally, the company specifies the compensation and rights concerning profit-sharing during shareholders' meetings, distributed equally based on the number of shares held by each shareholder. Reports of shareholders' meetings and the resolutions passed are recorded and disclosed to relevant government agencies in accordance with regulatory guidelines.

The company believes that its employees are a crucial factor in achieving valuable success. Therefore, it has established a policy and practices that treat all personnel fairly and equally, without any discrimination concerning opportunities, rewards, promotions, transfers, or maintaining a safe working environment for the well-being of employees and their assets. The company adheres to safety, occupational health, and environmental policies that are sufficient and appropriate to prevent fatalities, injuries, and illnesses resulting from work-related activities while promoting opportunities for learning and development.

The company continuously fosters the full and constant development of its employees' knowledge and abilities, offering comprehensive training, seminars, and workshops for everyone to encourage and motivate high-performing individuals to remain with the organization. Moreover, the company has set guidelines to combat corruption and cultivate a culture where all employees comply with relevant laws and regulations, such as strict handling of internal data.

The company has a process for selecting business partners that involves providing equal competition opportunities based on fair criteria for evaluating and selecting them. Additionally, the company has developed appropriate and fair contract templates for all parties involved and established a tracking system to ensure full compliance with the contract terms, preventing corruption and misconduct at every stage of the procurement process. The company purchases goods and/or receives services from business partners based on commercial terms and diligently adheres to the agreements with the partners.

The company is dedicated to creating satisfaction and confidence for its customers by showing care and taking responsibility towards them. Customers are provided with excellent service, quality products at fair prices, and in accordance with the specified standards. The company diligently follows the terms and agreements with customers. There is a continuous effort to elevate the standards of product and service quality, maintaining a good and enduring relationship with customers in a sincere and consistent manner. Moreover, customer data is not utilized for the benefit of the company or any related parties without proper consent, except when required by law, regulations, or with the owner's permission of the information.

The company adheres to good competition practices and follows ethical guidelines that support and promote a policy of fair and free competition. The company conducts its commercial dealings with competitors in line with international standards and within the framework of laws related to competition practices. It does not engage in any actions that violate the confidentiality or trade secrets of its competitors through deceptive means. The company is committed to conducting business with integrity and follows the ethical guidelines set forth by the organization diligently.

The company will adhere to the various terms and obligations agreed upon with creditors, which are essential in matters related to repaying loans, interest, and especially trade conditions, as well as different types of guarantees. This includes cases where there might be instances of default in debt repayment.

The company values and prioritizes social safety, environmental sustainability, and the quality of life of individuals involved in its operations. It encourages its employees to be conscious and responsible towards the environment and society. The company also diligently complies with all relevant laws and regulations.

Furthermore, the company actively participates in various activities that contribute to the preservation and enhancement of the environment and society. It also promotes local culture and traditions in the communities where it operates.

  1. Employees are prohibited from giving or offering any form of gifts or benefits to external individuals, such as government officials, agents, representatives, business partners, etc., with the intention to induce them to engage in or refrain from any actions that may violate the law or go against their official duties or for obtaining undeserved privileges.
  2. Employees are prohibited from soliciting or accepting any personal or third-party benefits that may influence their behavior or lead to neglecting their duties.
  3. Business engagements with various entities, whether governmental, state-owned enterprises, or private organizations, both domestically and internationally, must be conducted transparently, fairly, and in compliance with the laws of Thailand and the laws of the countries where the company conducts business.
  4. Company directors, executives, and employees must not be involved in any form of corruption, whether directly or indirectly.
  5. Every employee must not ignore or remain indifferent when witnessing any suspicious or unethical conduct related to corporate corruption and must promptly report such incidents to their superiors or designated personnel responsible for monitoring compliance with the company's ethics through established channels.
  6. The company provides protection and assurance for employees who refuse to participate in or report corruption-related issues. It encourages employees to report any incidents or activities related to corruption by providing them with relevant information and training on the company's anti-corruption policies and practices.
  7. Individuals engaged in acts of corruption will face disciplinary action according to the company's regulations and may also face legal consequences if their actions violate the law.
  8. The company emphasizes the importance of disseminating knowledge, providing understanding, and promoting awareness among individuals involved in company-related tasks to ensure compliance with the company's anti-corruption policies.
  9. The company conducts regular risk assessments to identify potential corruption risks and evaluate the likelihood and potential impact of such risks occurring, enabling the company to review and improve its anti-corruption measures for effective implementation.
  10. The company establishes a process for internal control and risk management assessments covering various critical systems to prevent and monitor corruption risks, providing appropriate recommendations for remedial actions.
  11. Regular reviews and updates are conducted to improve the company's anti-corruption measures, and assessment results are presented to the audit committee and risk management committee in a timely and consistent manner.
  12. These measures ensure the company's commitment to preventing corruption and promoting ethical business practices among its employees and stakeholders.
  1. All employees of the company must understand, respect, and comply with laws, regulations, rules, orders, announcements, and resolutions of the relevant committees pertaining to their duties. No employee shall intentionally engage in or participate in, or have knowledge of, actions that violate laws, regulations, rules, orders, announcements, and resolutions of the relevant committees.
  2. The company compiles and maintains up-to-date laws, regulations, rules, orders, announcements, and resolutions of the relevant committees related to the company's operations and employee responsibilities to enable employees to verify, search, and study them appropriately. Additionally, the company provides training to employees to foster knowledge and understanding of the aforementioned laws, regulations, rules, orders, announcements, and resolutions.
  3. The company respects the dignity of individuals, their personal privacy, and human rights, and also considers the rights of each person in their interactions resulting from their company duties. The company shall not engage in any acts or support actions that violate or infringe upon human rights.
  4. The company respects personal dignity, privacy, and the rights of each individual involved in their duties and refrains from engaging in or promoting any actions that violate or exceed any human rights.
  5. The company promotes equal opportunities in employment and does not support discriminatory practices, whether direct or indirect, based on race, skin color, gender, sexual orientation, age, disability, religion, political beliefs, or any other opinions.
  6. The company provides benefits and welfare to employees, such as paid holidays, overtime pay, health care coverage, social insurance, etc.
  7. The company establishes procedures and processes for lodging complaints and ensures that appropriate and fair consideration is given to each complaint.
  8. In cases where violations of regulations or discipline occur and necessitate investigation and disciplinary action, the company will conduct investigations of the alleged misconduct by a committee appointed for this purpose to ensure fairness.
  9. The company supports health, safety, and well-being initiatives for employees, promoting good health and a safe working environment with adequate hazard controls to prevent accidents and work-related illnesses.
  1. Conduct business with consideration for environmental conservation and adhere to management standards related to safety, as well as comply with environmental laws and regulations.
  2. Support the procurement of products or services that prioritize safety, environmental conservation, and energy efficiency.
  3. Promote activities for conserving natural resources and the environment, fostering awareness among employees about using resources responsibly, such as water, electricity, paper, etc. Provide accurate knowledge and understanding of environmental conservation to employees and facilitate knowledge exchange and experiences with other organizations to improve the organization's environmental management and operations.
  1. Employees are prohibited from using information, documents, computer programs, software, books, articles, video tapes, tapes, audio recordings, and works of others in a manner that would infringe upon the intellectual property rights of those individuals, whether or not the individuals who own or have legal rights in the works have reserved the rights.
  2. All employees have a responsibility to collectively take care and preserve the intellectual property of the company and must not use or allow others to use the company's intellectual property without permission.
  3. Any work that employees create or produce during their employment with the company shall become the company's intellectual property and, upon termination of their employment, employees are obligated to hand over the intellectual property, including inventions, innovations, etc., to the company, regardless of the form in which it is kept.
  4. Employees must comply with the management's instructions regarding the guidelines for not violating intellectual property.

Sustainable Environmental Management

Impact on the Environment in Palm Oil Production and Distribution Business

The company has clear policies and practices in place to ensure proper care and conservation of the environment, aiming to minimize the environmental impact of its production processes. The company invests in and improves various production processes to minimize the environmental footprint. For instance, it utilizes the by-products (palm fiber or palm kernel shell) from crude palm oil production as a beneficial resource by using them as fuel for steam and converting them into electricity to power machinery in the production process. Additionally, the company invests in wastewater treatment technologies to treat palm oil mill effluent (POME), which is a by-product of crude palm oil production, through fermentation processes to produce biogas used in the company’s electricity generation.

Energy Management

Electricity Usage Management

The company employs three main sources of electricity for its operations: electricity from the regional power grid, renewable energy from biogas power plants, and renewable energy from biomass power plants. The following details provide an overview:

From the provided information, it is evident that the company has continuously reduced its reliance on electricity from the regional power grid. This reduction has been achieved by utilizing waste products from its production processes, such as fiber residues and wastewater, to generate electricity for its operations and business premises, including offices. This efficient energy management approach has enabled the company to optimize electricity usage and significantly reduce its reliance on electricity purchased from the regional power grid.

Greenhouse Gas Emissions Data Compilation

The company is currently in the process of compiling data on greenhouse gas emissions. The data collected pertains to emissions resulting from activities related to the business. This information will be used to assess the company’s greenhouse gas emissions for the year 2022. To ensure accuracy and credibility, the company has commissioned a carbon footprint auditor authorized by the Public Organization for Greenhouse Gas Management (POGGM). The auditor will review and verify the greenhouse gas emissions data generated by the company’s production and other activities.

Corporate Social Responsibility (CSR)

The company has been actively promoting and participating in initiatives to improve the quality of life and social development in the area. The company has engaged in various community activities, including the following

Asian Palm Oil Public Company Limited from the fresh palm fruit procurement department donated 8 truckloads of palm oil sludge to Ban Khlong Rad School. Mr. Samreing Santipitak, the village headman of Ban Khlong Rad Moo 5, received the donation to be used for planting for the school's lunch.

That the donation of palm oil sludge was to support the school garden project of Ban Khlong Rad School. This will help to promote students' learning and practice of vegetable cultivation skills, and to use the vegetables they grow for their own consumption in the school. This will be very beneficial to the school's school garden project, and will help students to learn how to grow vegetables correctly and safely.

Asian Palm Oil Public Company Limited supported the activities of the 38th Anniversary of Occupational Safety Day 2023 under the name "Road Safety Standards Project in Educational Institutions" at Krabi Technical College. The purpose of the event was to promote road safety for students, faculty, and staff in educational institutions. The event featured a variety of activities, including lectures on road safety, demonstrations of safe driving, radio-controlled car racing, and many more. Asian Palm Oil Public Company Limited representatives also distributed Asian Plus drinking water to participants by participating in this event, Asian Palm Oil Public Company Limited recognizes the importance of road safety and is committed to raising awareness and building a culture of road safety among youth, who are the future of the nation.

The project was held at Ao Luek Hospital in Krabi Province by the Ao Luek Charity Foundation to raise funds for the construction of a new inpatient building and the purchase of medical equipment for Ao Luek Hospital and other hospitals in Krabi Province.

Representatives from Asian Palm Oil Public Company Limited presented souvenirs at the 2022 Annual General Meeting of the Hanhong-Takdaet Agricultural Cooperative. Co., Ltd., held in Tak Dad Subdistrict, Mueang District, Phang Nga Province, was to raise the level and build relationships in the local agricultural industry. Not only this Giving souvenirs also significantly strengthens local business and economic cooperation. Making progress toward a sustainable future

This donation of drinking water is to express concern and support for the work of occupational safety officers, who play an important role in promoting workplace safety and reducing road accidents. The Asian Plus drinking water donated on this occasion is high-quality, clean, safe, and healthy.

ALLIANCE INNOVATIVE SUSTAINABILITY

ASIAN PALM OIL Public company limited

Asian Palm Oil Public Company Limited

99 Moo 2 Ao Luek Tai, Ao Luek, Krabi 81110

Location of Asian PaLm Oil

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