Environment Dimension
Climate Change Crisis
The changing climate has far-reaching impacts both nationally and globally, creating risks related to the environment and other natural disasters.
For example, flooding events directly damage the company’s assets and disrupt business operations, including the activities of loan customers, potentially impacting the company’s performance. Therefore, the company has implemented activities to demonstrate environmental responsibility and mitigate impacts such as establishing measures to reduce electricity usage, promoting efficient water use, and campaigning for waste segregation and management.
The company recognizes the importance of wide-ranging changes and has established the ESG Management Committee (ESGM) to oversee, educate, and define frameworks and strategies for genuine sustainability within the organization. The committee also collaborates with the company’s risk management team to assess risks, starting with evaluating surrounding factors that lead to the development of various projects as follows:
SG for Environmental "For a Better Environment"
Due to awareness of environmental impacts.
It is a policy the company has consistently implemented by promoting the optimal use of resources, improving production efficiency to reduce resource consumption and waste generation, as well as minimizing greenhouse gas emissions from both production processes and across the company’s value chain.
Environmental Performance Results
In 2023, the company summarized environmental performance and management efforts as follows:
Efficient Water Management
The company recognizes that electricity is a critical energy source for business operations, essential in almost every stage of work processes. With organizational growth and branch expansion, electricity consumption has increased, leading to higher costs and environmental pollution. To address this, the company has launched energy-saving campaigns at headquarters to foster awareness among employees about conserving electricity. These include turning off air conditioning before the end of work hours, using energy-efficient electrical appliances such as LED lighting, air conditioners, and other equipment, and holding virtual meetings to replace in-person meetings that require travel.
Energy Management (Fuel Usage)
Currently, the company's operations still rely on fuel energy, which remains unavoidable. With a steadily expanding customer base and an increasing number of loans each month, fuel consumption continues to rise. However, the company remains mindful of the impact of greenhouse gas emissions, a primary cause of global warming and climate change.
Energy Management (Electricity Usage)
The company recognizes that electricity is a critical energy source for business operations, being essential in almost every step of work processes. With the organization's growth and the expansion of branches, electricity consumption has increased, leading to higher costs and greater environmental pollution. To address this, the company has initiated energy-saving campaigns at headquarters to raise awareness among employees about conserving electricity in the office. These efforts include turning off air conditioning before the end of work hours, using energy-efficient electrical appliances such as LED lighting, air conditioners, and other equipment, and conducting virtual meetings as a substitute for traveling to in-person meetings.
Efficient Resource Utilization
The company has shifted method of information delivery to relevant departments by storing data on OneDrive and using file sharing, promoting the use of electronic documents to replace paper. Additionally, the company has implemented a campaign encouraging employees to use paper efficiently, aiming to reduce deforestation. This includes utilizing both sides of paper, recycling and reusing paper, and raising awareness of the efficient use of office supplies to extend their lifespan.
These efforts have resulted in approximately 200,000 sheets of paper being used annually at the headquarters. The company also continues to communicate with employees to raise awareness about resource efficiency, striving to meet goals for sustainable business operations.
Waste, Hazard, and Pollution Management
The impacts of climate change partly stem from waste disposal, including hazardous waste and non-hazardous waste. The company places importance on waste management and strictly complies with legal requirements. The company applies the principles of the Circular Economy alongside waste management practices, adopting the 3R approach: 1). R-Reduce: Reduce the use and consumption of unnecessary resources. 2) R-Reuse: Maximize resource efficiency by reusing materials. 3) R-Recycle: Utilize resources that can be recycled to reduce waste generation, landfill disposal, and emissions into the environment.
The company also plans for emergencies using appropriate methods and organizes Big Cleaning Day activities to manage workplace resources, clean the premises, reduce unnecessary materials, and appropriately sort and dispose of items that no longer benefit the workplace or the environment.
Management to Mitigate Greenhouse Gas Issues
The company’s operations involve the use of various fuels, including electricity and vehicle fuel, which contribute to greenhouse gas emissions such as particulates, carbon monoxide (CO), and carbon dioxide (CO2) being released into the atmosphere. The company places significant importance on participating in efforts to reduce greenhouse gas emissions caused by operations. These efforts include reducing energy consumption and minimizing the use of fuel for vehicles.
