Climate Change
Organizational Importance and Commitment
Climate change is one of urgent issues broadly affecting the economic, social, and environmental system, especially business and production sectors that may confront some risks from natural disaster, uncertainty of resources, and changes in national and international policies. The Company realized the importance of this problem, and inserted it as a key issue when setting up the corporate strategy and operating guideline so that the Company could manage any potential risks deriving from such climate change in terms of adaptation and mitigation of greenhouse gas emissions. Consequently, the Company would have fewer risks, and have better flexibility in its business operation in the long term.
Opportunities and Impact
The Company has carried out the risk assessment and business opportunities deriving from the climate change in order to obtain the important information for the strategy planning and business decision-making, which would make the Company’s business operation continue and sustainable, and generate competitiveness in the era when the low-carbon society is the main trend.
Supporting the SDGs Goals
Goal 7:
Ensure access to affordable, reliable, sustainable and modern energy for all.
Goal 13:
Take urgent action to combat climate change and its impacts.
Stakeholders Directly Impacted
Trade Partners
Collaboration in creating environmentally friendly products and solutions that support efforts to reduce greenhouse gas emissions.
Employees
Operational activities that reduce environmental impact and promote measures to lower greenhouse gas emissions.
Shareholders
Business strategies to adapt to and cope with climate change.
Regulators / Government Agencies
Operational activities that align with national policies, measures, and targets for reducing greenhouse gas emissions.
Goals and Performance
| ESG Performance Indicators and Targets | 2024 Performance Results |
|---|---|
| Short-term goal | |
| Report greenhouse gas emissions for Scope 1, Scope 2 and Scope 3 operations of Loxley Plc. to establish baseline data. |
Scope 1 emissions: 536 tCO2e Scope 2 emissions: 1,319 tCO2e Scope 3 emissions: 414 tCO2e |
| The amount of greenhouse gas emissions reduced from various activities is 27 tCO2e |
68.23 tCO2e |
| Long-term goal | |
| Reduce greenhouse gas emissions by 20% by the year 2030 compared to the baseline year. | The preparation of the baseline year greenhouse gas emissions data has been completed and successfully verified. |
Management Guidelines
Strategy
1
Raise awareness
Continuous education about climate change to create awareness and cooperation in solving problems.
2
Increase the amount of use of renewable energy and clean energy sources
Reducing the use of energy comes from combustion sources or using energy that produces less pollution. This includes increasing energy efficiency by improving or modifying
3
Improve resource efficiency
Support the cost-effective use of resources as well as efficient in every process of business operations including the use of technology that helps increase efficiency in resource use.
4
Conduct activities that support the reduction of greenhouse gas emissions
5
Development of products and services
Presentation of solutions and innovations that are environmentally friendly to create sustainability in both business and the environment in the long term.
6
Support the government and communities in addressing climate change
Management Approaches
1
Reduce greenhouse gas emissions
- Support the preparation of organizational greenhouse gas emission and absorption reports, and seek external verification to understand emissions across activities. This enables targeted planning to reduce emissions and minimize environmental impact.
- Promote efficient resource use through various activities to cultivate awareness of resource conservation, environmental care, and encourage employee participation.
- Increase the proportion of renewable energy and clean energy usage.
- Establish activity plans and targets to reduce landfill waste.
- Build collaborative networks with business partners to carry out environmental and sustainability activities aimed at reducing greenhouse gas emissions.
- Integrate environmental and sustainability issues into business processes and set related performance targets for relevant business units and support departments.
2
Adaptation to changing climate conditions
Adjust work procedures and provide necessary safety and occupational health equipment for employees.
3
Greenhouse gas absorption
Explore approaches to activities that help absorb greenhouse gases.
4
Support government agencies in controlling,
managing, and restoring impacts from climate change.
Climate Change Response Plan
1
Risk Assessment and Management relating to Climate Change
The Company has assessed some risks and impact from the climate change to the businesses, risks, and related opportunities, either physical risk and transition risk.
2
Formulation of Climate Change Strategy
The Company formulated the strategy and guideline to cope with the climate change as described below.
- Adaptation to Climate Change
- Providing and developing the business continuity management plan to cope with any risks deriving from the natural disaster and climate variability. The risks deriving from the climate change would be also included when considering the Company’s risk management plan.
- Changing the working procedure, changing any equipment or technology to be fit to the environment and climate change such as change of working hours or change of the uniform for employees working outdoor, etc.
- Supplying producers, alternative dealers, or substitute goods as alternatives if there is any emergency or crisis due to the climate change.
- Transferring some risks to other external agencies or the third parties who could cope with those risks better, e.g., making insurance, making the futures contract or financial contract, transfer or identifying responsibilities, or cooperating with suppliers to share risks, etc.
- Reduction of Greenhouse Gas Emissions
- Lifting efficiency in using resources, energy, and increasing the use of alternative energy.
- Promoting the use of materials or technologies emitting low carbon.
- Measuring and monitoring the greenhouse gas emission and absorption in the operating procedure of the Company.
- Monitoring technologies, and being involved in developing innovations to reduce the greenhouse gas emissions, technologies for carbon capture and storage, or increasing greenhouse gas absorption sources through various projects.
- Collaboration and Communications
- Arranging training activities to educate or campaign the Company’s employees and stakeholders to have awareness and involvement.
- Joining hands with many communities and alliance networks to enhance the broad collaboration.
- Communicating and reporting the progress and work performance to the public.
- Giving support to government authorities and related agencies.
3
Target Setting in relation to Climate Change
The Company established targets and indicators in reporting the greenhouse gas emissions in accordance with the information disclosure criteria regarding sustainability as stipulated by the Stock Exchange of Thailand or the Securities and Exchange Commission (SEC). The Company has also monitored the progress and the report on target achievements through public channels. In addition, the Company had the intent and determination to join hands with the industrial sector, the government sector, and other related agencies to cope with the climate change. These targets also covered the reduction of greenhouse gas emissions, the increase of efficiency in using the energy, and the implementation of the sustainable practice guideline throughout the Company’s supply chain.
4
Coping with Climate Change
The Company integrates climate change-related issues in planning processes, decision-making and used as data for goal setting, strategies, risk management policies, annual budgets and business plans, as well as for legal compliance with environmental regulations.
5
Measures on Reduction of Scope 1 Greenhouse Gas Emissions
The Company defined the policy advocacy to help reduce the greenhouse gas emissions such as change of combustion engine vehicles to electric vehicles (EV) or hybrid cars, support for the use of electronic systems for meetings and seminars to reduce the Company’s traveling, etc. This deemed an important pace for the tangible reduction of greenhouse gas emissions related to the Company’s operations. The Company also tried to conduct the feasibility study in making joint investment in the business relating to the electric vehicle.
6
Measures on Reduction of Scope 2 Greenhouse Gas Emissions
The Company supported the use of alternative energy, which helped reduce the use of fossil fuel. In addition, the Company made a campaign for less electricity consumption in the Company through several activities such as change of electrical devices, schedule of turning on and off the lights and air-conditioning system, applying the flexile working policy by allowing each department to apply the work form home policy or flexi hour policy as appropriate, etc. Currently, the Company has installed solar rooftop power generation systems on 3 buildings at its headquarters, with a total installed power generation capacity of 240.14 kilowatts. In addition, the Company is conducting a feasibility study on expanding solar power system installations to other buildings in the future.
7
Measures on Reduction of Scope 3 Greenhouse Gas Emissions
The Company undertakes activities that support the reduction of Scope 3 greenhouse gas emissions, with key initiatives including:
- Reducing Tap Water Consumption for Domestic Use in Office Buildings
- Reduction of Landfilled Waste
- Waste Segregation for Recycling
8
Engagement and Awareness
Support formulated the policy promoting awareness and involvement of every personnel systematically and constantly by means of training and seminar, supporting for on-line training, delegating some employees to attend training courses held by external institutions, campaigns through various activities, and dissemination of information via media in the organization. These would create the corporate culture that is environmentally friendly and leads to sustainability.
9
Monitoring and Reporting
The Company assigned the Sustainability Development Working Group and the Office of Company Secretary to be directly in charge of data collection. They have cooperated with all related departments to calculate the amount of greenhouse gas emissions and absorption of the Company, to assess efficiency of measures, to monitor the program progress, and to prepare the greenhouse gas emissions and absorption of the Company in order to obtain the verification done by the external independent verifier before reporting it to the Executive Board and the Board of Directors. Such information would be also communicated to the Company’s stakeholders for sustainability development.
Key Developments
Total Greenhouse Gas Emissions: 1,855 tCO2e
Scope 1:
536
tCO2eq
Scope 2:
1,319
tCO2eq
Scope 3:
414
tCO2eq
Carbon Intensity Scope 1-2:
3.72
tCO2eq per person
Carbon Intensity Scope 1-3:
4.55
tCO2eq per person
Emission Reduction Highlights
Increased use of alternative energy vehicles, accounting for
23.81%
of total Company vehicles
Increased renewable energy consumption by
221,116.19
kWh
up by 170,940.87 kWh (a 340.69% increase)
Segregated
6,810.21
kilograms
of food waste for composting
Reduced tree cutting by recycling
8,362
kilograms
of used paper
Organized the seminar “Loxley and Steps Towards Sustainability” for Company directors, executive board members, business unit representatives, the Sustainability Development Working Group, and other stakeholders, with
69
participants attending.
Participated in the ESG DNA program organized by the Stock Exchange of Thailand, with
381
participants attending,
including Loxley executives and employees completing the program and passing the assessment.
Increased the proportion of renewable energy use by installing solar panels on the Company’s food waste-to-compost converter greenhouse, with an installed capacity of
2.9
kWh
to reduce electricity consumption from fossil fuels.
Conducted campaigns to reduce the use of paper, plastic, and foam, decrease energy consumption from electrical devices, switch to energy-efficient equipment, reduce food waste, and segregate waste for recycling. The results were submitted to the Care the Bear and Care the Whale projects, organized by the Stock Exchange of Thailand, reflecting greenhouse gas reductions of
12.22
tCO2eq
Care the Bear Project
56.01
tCO2eq
Care the Whale Project
Prepared an organizational greenhouse gas emission and absorption report to establish baseline data, verified by Vekin (Thailand) Co., Ltd., a carbon footprint verification agency registered with the Thailand Greenhouse Gas Management Organization (Public Organization), on 28 April 2025. The reporting scope was expanded to include other indirect greenhouse gas emissions (Scope 3).
Carried out collaborative activities with suppliers and business partners on environmental and sustainability issues, including a food waste management project.
Collaboration and Implementation of Climate Change Action
Loxley is committed to taking action and collaborating with all sectors to reduce greenhouse gas emissions and mitigate the impacts of climate change. This commitment aligns with Nationally Determined Contribution (NDC) targets and the Thailand’s aspiration to achieve carbon neutrality by 2050 and net-zero greenhouse gas emissions by 2065, as declared at the 26th UN Climate Change Conference of the Parties (COP26). The Company actively partners with a wide range of stakeholders, including the Securities and Exchange Commission (SEC), the Stock Exchange of Thailand (SET), as well as various government agencies and relevant business organizations. These include the Department of Alternative Energy Development and Efficiency (DEDE), the Thailand Greenhouse Gas Management Organization (Public Organization), and the Electricity Generating Authority of Thailand (EGAT). Through these partnerships, Loxley aims to support national environmental policies, implement climate action initiatives, and foster collaborative networks for sustainability.
The Company actively participates in implementation efforts and continuously monitors progress through various channels such as joint activities, discussions, meetings, and annual performance reporting to ensure that its collaboration with partners effectively supports climate change action goals.
