For a Growing Business
The Company intends to develop the business to grow steadily and sustainably amid challenges from innovative or technological changes, the shift in global economic power, tax policy, and resource security to natural disasters that may impact business operations. Operating a business with transparency, fairness, ethics, and good corporate governance, as well as having the ability to manage risks and crises that may occur effectively, is considered an important mechanism in driving business to achieve such intent and building all groups of stakeholders’ confidence.
Good Corporate Governance
The Company focuses on operating business under good corporate governance principles with fairness, transparency, accountability, and responsibility towards stakeholders according to corporate governance structure. In addition, the Company has established a “Good Corporate Governance policy” to serve as a guideline for the Board of Directors, sub-committees, executives, and employees at all levels, as well as all relevant stakeholders to conduct business with responsibility, fairness, transparency, accountability, and in accordance with business.
Key Performance in 2025
Anti-Corruption
The Company remains committed to being free from corruption or bribery. Management must be a good example and ensure that all employees strictly follow anti-corruption measures. The Company has established and announced the anti-corruption and whistle-blowing policy and communicated it to all stakeholders to serve as guidelines for all groups of stakeholders not to get involved in corruption, either directly or indirectly. Furthermore, the Company Joins the Thai Private Sector Collective Action Against Corruption (CAC) to demonstrate the Company’s intention, commitment, readiness, and effectiveness in conducting business with integrity and preventing all forms of corruption.
Key Performance in 2025
Employees acknowledging and committing to comply with the Business Code of Conduct and Anti-Corruption Policy
New employees completed training and passed the knowledge assessment on the Business Code of Conduct and the Anti-Corruption and Anti-Bribery Policy
of complaints related to violations of the Business Code of Conduct and corruption
Risk and Crisis Management
The Company and its Group recognize the importance of systematic risk management under the principles of good corporate governance to support efficient operations and achieve the set objectives. The Company has established the Enterprise Risk Management Policy as a framework of best practices for managing internal risks, along with internal audits, to ensure effective risk management. The company currently defines the risk management practices follow the principles of the Enterprise Risk Management – Integrated Framework developed by the Committee of Sponsoring Organizations of the Treadway Commission (COSO) for risk management. A risk management working team has been established, consisting of executives from all departments. To ensure that risk management covers all aspects are included: strategic risk, operational risk, financial risk, compliance risk, ESG risk, and emerging risks. To enhance operational efficiency and ensure the achievement of sustainable objectives.
Supply Chain Management
The Company integrates sustainable development practices that consider environmental, social, and governance (ESG) aspects, as well as human rights principles, into the management of the supply chain. This ensures that the selection process for goods and services is highly quality, and efficient, and produces sustainable outcomes. Additionally, this approach serves as a key strategy in the Company's procurement process. The Company has developed and published a procurement policy focused on transparency, fairness, and accountability, to ensure budget efficiency, sustainable resource allocation, and effective risk management of partners. It also supports anti-corruption measures, promotes business ethics, and creates awareness among all partners about conducting business based on social and environmental responsibility. Furthermore, the Company aims to develop all partners to operate sustainably within the supply chain. The management approach includes the following guidelines:
Selection of New Suppliers
Prioritization and Classification of Supplier Groups
Supplier Risk Assessment
Supplier Performance Evaluation
Supplier On-site Audits and Visits
Supplier Engagement and Capacity Building
The Company has developed a business ethics code for its partners, with the objective of demonstrating its commitment to sourcing, procurement, and contracting, as well as encouraging its partners and its Group to conduct business in an ethical manner. This includes respecting freedom and treating workers fairly according to human rights principles, prioritizing the environment, safety, and occupational health, as well as responsibility towards the community and society. The code is communicated and made publicly available to all partners through the Company's website.
Key Performance in 2025
Total
Critical Tier 1 Supplier:
(73.62% of total purchase value)
Tier 1 Supplier:
(11.16% of total purchase value)
Tier 1 Supplier - General Supplier:
(1.52% of total purchase value)
Critical Non-Tier 1 Supplier:
(3.43% of total purchase value)
Affiliated Company:
(10.28% of total purchase value)
New supplier screened using ESG criteria
Critical Tier 1 suppliers that acknowledged the Supplier Code of Conduct
Total suppliers that acknowledged the Supplier Code of Conduct
Critical Tier 1 suppliers assessed for ESG risks
Existing suppliers assessed on ESG performance
Critical Tier 1 suppliers evaluated through on-site audits
Tax Management
The Company is committed to conducting business with a strong adherence to ethics, integrity, and transparency, in line with the principles of good corporate governance. The Company recognizes the importance of responsible tax management and compliance with tax laws and regulations in all countries where it operates. It carefully manages and evaluates tax-related risks to respond to changes in government policies or tax management approaches. The Company has established a tax policy to control potential risks, ensuring compliance with this policy to prevent any issues that may impact the Company and to build trust with all stakeholders. Additionally, the Company has aligned its tax management direction and strategies across all group companies to ensure effective operations by legal requirements.
