Climate Change Management
Key Performance in 2020
Challenges
Various studies have indicated that during the Coronavirus disease (COVID-19) pandemic, the release in the amount of carbon dioxide emissions have been dramatically affected and reduced as many businesses have decreased resource consumption for production and operations. Furthermore, the International Energy Agency (IEA) reports that there is up to a 6% reduction in global energy consumption, or the equivalent of India halting its energy consumption for the entire country, which is considered a significant reduction in the world’s carbon dioxide gas emissions. Nevertheless,
the change in the reduction of carbon dioxide emissions mentioned is still considered not to be an important factor in solving the problem of climate change. But in fact, changes in production processes and aspects of energy are counted as the true transformations that contribute to the reduction of carbon dioxide emissions. CP ALL Plc. and subsidiaries (“the Company”) recognizes the importance of the state of climate change and aims to be part of the collective reduction in the emissions of GHGs. The Company realizes the importance of adaptation, increasing proportion of clean energy technology, and partnership-building throughout the supply chain, including designing the packaging to be environmentally friendly, promoting campaigns to reduce single-use plastics, and initiating the adoption of the use of renewable while still requires continuous and more vigorous support and promotion.
Management Approach
The Company establishes climate change management through the sustainability development subcommittee to oversee and drive a wide range of various specialized working group committees such as the 7 Go Green working committees, committees to increase energy consumption efficiency and energy conservation, committees to install solar PV rooftop, committees to plant perennials for sustainable communities, etc. to drive flexible
operations and in accordance to the “7 Go Green” strategy, resulting in empirical business operations with constant responsibilities such as increasing efficiency and conserving energy, increasing the proportion of clean energy consumption, plastic packaging management, and expanding sustainability in the supply chain.
The Company established the Climate Change Management Framework which consists of.
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“
Key project in 2020
Climate Change Risk and Opportunity Assessment
The Company assesses climate change risks and opportunities through enterprise risk assessment from bottom-up, in which each business unit specifies risk factors relevant in their operation through Risk Champion. Top-down assessment refers to an assessment through corporate strategy board, which includes current and emerging risks according to Task Force on Climate-related Financial Disclosures (TCFD). Multiple factors will be considered and assessed, as follows.
Continuing of the ‘Thais United Against Plastic Bags’ Through the ‘Reduction and Substitution’ Project
The Company follows the policy to reduce the use of plastic bags for the third consecutive year under the project ‘Thais united against plastic bags’. The project
raises environmental awareness in reducing the use of plastic bags continues with the corporation of customers and partners in response to the government’s policy to
create a network of private businesses to refrain from using plastic bags, as well as to create the culture and consumer behavior changes in refusing plastic bags. Therefore, the implementation of the plastic bag reduction campaign requires cooperation from external stakeholders of the organization to operate efficiently. The project resulted in the cash equivalent of more than 238 million Baht in funding to purchase medical equipment for 391 hospitals across the country and donated alcohol gel to fight the COVID-19 in the project #ThaisStayTogether for universities, schools, vulnerable communities, temples, and charities, in total, 408 locations. In 2020, the combined plastic bags reduced was 2,935 million bags in total.
Together in 2020, the Company continues its “Reduction and Substitution” project to promote the reduction in usage of single-use plastics, which includes spoons, forks, straws, and cups, which is collectively the second most common litter found in the sea (information from the Department of Marine and Coastal Resources). In 2020, the Company has set the target to reduce single usage plastic consumption to 1,000 million pieces. By conducting campaigns and promotions through various projects such as the Bring the Glass…Get Special Price project, Stop Giving Spoons and Forks, Please project, ALL Café No Cup projects nationwide, and the project of replacing plastics with environmentally friendly materials.
Other Performance
Performance Data of Climate Change Management
For more details click —> SD Report 2020