Several challenges lie in wait for the Company. These challenges include facing climate change on a global scale, transitioning into phase 2 of the sustainability strategy, setting goals to maintain the global temperature rise at 1.5 degrees Celsius and determining data on GHG emissions under Scope 1 and Scope 2 using 2020 as the base year for tracking operations in phase 2. In preparation, the Company has appointed a committee on sustainable development to oversee the management of actions against climate change and specific working teams, such as the energy efficiency and conservation team, the solar rooftop installation team, the green packaging development team, the planting team for sustainable communities, the excess food management team and the GHG management team. Each of these teams have adopted an GHG accounting system to meet international standards in measuring and reporting emissions and in reducing the organization’s GHG emissions according to the ISO 14064-1 standard of 2018. The Company has proceeded to emphasize the importance of climate change management under the “7 Go Green” Strategy. Additionally, the Company has established a framework for actions against climate change, which is an approach for business operations to take responsibility for climate change throughout the supply chain. Finally, the Company’s efforts have been aligned with the Task Force on Climate-related Financial Disclosures (TCFD) to achieve Carbon Neutral by 2030 and Net Zero GHG Emissions by 2050. The aforementioned initiatives are a reflection of the will to maintain the global temperature rise to below 1.5 degrees Celsius and are in alignment with the Paris Agreement and Science-based Targets (SBT). Furthermore, these initiatives are in collaboration with all stakeholders throughout the supply chain and apply the concept on “Reduction, Capture and Offset” of GHG emissions in various projects, such as the reduction of single-use plastic packaging and utilization of alternative energy or renewable energy. The initiatives extend to actions supporting all sectors in efficiently driving the Company’s operations to achieve its goals and to start managing GHG emissions under Scope 3.

Climate Change Management Framework

Sustainability Goals towards 2030 Climate Resilience and Adaptation

It is an ongoing effort to tackle climate change, an issue that requires the corporation of the global population, the Company has studied and used data from leading institutions across the globe, which the information is the basis, for developing sustainability goals. Therefore, to increase operational challenges and in accordance with the determination to deliver happiness and opportunities for society, the Company has set a target in carbon emission from the Company’s operations to be Net Zero Carbon by 2030 and intends to cooperate and control the rising global temperatures to be within 1.5 degrees Celsius in accord to the GHG reduction targets under the Paris Agreement based on the Science-based Targets (SBT). It is a challenge to maintain the balance between business growth and reducing carbon dioxide emissions. The Company supports the operations throughout the supply chain to enable all sectors to participate in supporting and taking part in driving goal achievements, which require cooperation from all parts of the globe, to strongly expand these actions further to achieve these goals.

The company analyzes the greenhouse gas emissions and sets a long-term reduction target (2020 – 2030) “for more details”

Risk and Opportunity Assessment on Climate Change

In order to find suitable ways for adapting to climate change, the Company has conducted an assessment of risks and opportunities that may ensue from climate change and the impact to the operations of each department under the Company. The assessment is conducted and evaluation under of the risk assessment committee, approval and governance under of the corporate sustainable development and governance committee to ensure full disclosure of information regarding climate change risk management for stakeholders. The committees in turn apply the reporting framework of the Task Force on Climate-related Financial Disclosure (TCFD) to devise effective risk mitigation plans for climate change.

In 2021, the Company pinpointed significant risks and opportunities related climate change along with countermeasures, as follow.

7 Go Green Strategy

The Company has implemented plans to reduce GHG emissions under the “7 Go Green” Strategy and build environmental sustainability in communities, the society and the country. Some of these various implementations are on the reduction of energy consumption and the reduction and elimination of plastic bags at 7-Eleven stores. Emphasis is placed on achieving results on the reduction of GHG emissions while transparently and consistently communicating the results of these environmental implementations to stakeholders and raising awareness on environmental issues in communities and the society. Additionally, all actions can be tracked under the Carbon Disclosures Project (CDP), which applies the following 4 approaches.

Furthermore, the Company has implemented carbon offsetting activities to become carbon neutral through the following initiatives.

The Participation in the Thailand Voluntary Emission Reduction (T-VER) Program

The Company participated in and supported the GHG emissions offset program with the purpose of creating flow in the carbon credit market and reducing the country’s GHG emissions. In order to do so, it opened an account with the Thailand Greenhouse Gas Management Organization (Public Organization) and purchased and offset carbon credits worth 2,795 tCO2e. As a result, the Company was able to reduce the GHG intensity per unit revenue (million Baht) of 2020 to 10% of the base year 2015, which is considered a substantial step toward sustainability and social responsibility.

The Registration and Certification of GHG Emissions Project

CP ALL Plc. implemented the solar rooftop project a distribution centers in 18 areas to support the generation of clean electricity and reduce electricity consumption from the grid. The project provided a capacity of 6,106.56 kW and was commissioned on 1 September 2019. This project installed a total of 18,232 panels with each panel sized at 330 W. The project was designed to generate electricity 365/366 day/year and earn a credit of 55,030,975 kWh, which will power the distribution centers. Originally, the space for the solar rooftop was empty and not utilized for any benefit. Previously, electricity was supplied by either the Provincial Electricity Authority or the Metropolitan Electricity Authority. The estimated GHG emissions reduction for the duration of the project’s carbon credit is calculated at 26,811 tCO₂e or equivalent to an average of 3,830 tCO₂e per year.

The Green Product Development and Procurement Project

CPRAM Co., Ltd. supports environmentally friendly products and places great importance on reducing GHG emissions in production. This is achieved by evaluating emissions and GHG reductions from each product throughout the product life cycle. All steps are evaluated starting from the procurement of raw materials, product processes, delivery, usage and disposal. In addition, its carbon footprint has been registered with the Thailand Greenhouse Gas Management Organization (Public Organization) (TGO). In 2021, the Company registered 6 products for the carbon footprint product label and registered 5 products for the carbon footprint reduction label.