Sustainability Policy
Thai Rubber Latex Group Public Company Limited has the intent and determination to develop and drive business towards sustainability by focusing on business operations that take into account the three main areas of responsibility, namely the environment, society and governance (Environmental, Social, Governance: ESG) in accordance with international principles and for the company to adjust and develop the business to be able to survive and grow stably and sustainably under the circumstances that the business has to face problems and challenges in many areas including to create long- term value for the business and create value or benefit to stakeholders. The Executive Committee therefore has established policies and goals for sustainable business operations as a framework and guideline for operations as follows:
- Operate its business sustainably under a good corporate governance system based on honesty, fairness, transparency, openness, accountability and responsibility. There is an important supporting system which consists of risk management, internal control, data communication, inspection and review.
- Uphold and abide by the guidelines and practices set out in the Company Charter and Code of Conduct, including policies related to sustainable development.
- Apply sustainable business concepts and principles in value chain management and relationships with stakeholders throughout the business value chain.
- Establish environmental policies and practices that reflect our commitment to reducing the environmental impact on stakeholders throughout the business value chain.
- Establish social policies and practices that reflect our commitment to doing business with respect for human rights and responsibility to stakeholders, community, and society throughout the business value chain.
- Cultivate awareness and culture of environmental protection and social responsibility towards employees and stakeholders on a continuous and consistent basis.
- Develop and promote corporate innovations and new technologies as business strategies to create added value for the business and long-term growth of the organization.
- Promote and support stakeholders throughout the business chain. Operate business according to sustainable development guidelines.
- Disclose corporate governance and sustainability information to investors and other stakeholders.
The Company has a Board of Directors to support and drive business development towards sustainability, and the Executive Committee is responsible for formulating sustainable development policies covering environment, society and corporate governance for the management to accept. The aim is to have business value chain management, building relationships with stakeholder, managing negative impacts on stakeholders, sustainability management in the environmental dimension in terms of energy consumption, water use, waste management, waste and pollution, management to reduce greenhouse gas problems, social and human rights policy, responsibility on customer, community and social Responsibility, protecting and restoring ecosystems and biodiversity, promoting innovation and creating value, sustainable business operations under good governance and anti-corruption, respecting and complying with international human rights principles.
Therefore, in order to demonstrate and strive to develop the organization towards sustainability, the Company has set up a working group to recommend projects, promote knowledge, gather information and results of operations with the aim of “To be an innovation leader in the world’s latex manufacturing industry by creating quality products that are friendly to society and the environment and develop new innovations for sustainability and stability of the business” forever.
Managing impact on stakeholders in the business value chain
Business value chain
TRUBB is committed to conducting business sustainably, in tandem with creating value for all stakeholders while minimizing environmental and social impacts. The company's activities throughout the value chain are geared towards sustainability, from sourcing sustainable production factors to ensuring internationally standardized manufacturing processes, utilizing eco-friendly packaging, implementing transportation practices that minimize social and environmental impacts, delivering products that meet standards, and providing responsible after-sales services. The company operates with care to meet the expectations of all stakeholders and supports sustainable development goals as outlined in UN SDG Goal 17, emphasizing collaboration among all sectors.
Stakeholder analysis in business value chains TRUBB has identified stakeholders throughout the value chain. Including those who have direct and indirect business relationships. By providing communication channels between each other so that everyone can participate in giving suggestions to develop sustainability strategies. Using knowledge, expertise and business relationships developed over more than 10 years of operation. In managing the expectations that are important issues of each group of stakeholders. To build lasting relationships between each other.
Important Sustainability Issues
TRUBB conducts an annual review of sustainability issues by studying and comparing important issues identified in the past years and any new issues that arise during the year. This analysis involves assessing the impact of TRUBB's business operations throughout the value chain, aiming to manage and minimize impacts or eliminate them altogether. Managing expectations and the ability to respond to the expectations of stakeholders in all groups is also a key focus. Additionally, managing risks from natural disasters beyond prediction due to changing weather conditions, as well as the enforcement of regulations and trade conditions between countries, which are becoming stricter, require strategic plan adjustments to align with the current situation.
TRUBB is committed to conducting business sustainably, in tandem with creating value for all stakeholders while minimizing environmental and social impacts. The company's activities throughout the value chain are geared towards sustainability, from sourcing sustainable production factors to ensuring internationally standardized manufacturing processes, utilizing eco-friendly packaging, implementing transportation practices that minimize social and environmental impacts, delivering products that meet standards, and providing responsible after-sales services. The company operates with care to meet the expectations of all stakeholders and supports sustainable development goals as outlined in UN SDG Goal 17, emphasizing collaboration among all sectors.
Stakeholder analysis in business value chains
TRUBB conducts an annual review of sustainability issues by studying and comparing important issues identified in the past years and any new issues that arise during the year. This analysis involves assessing the impact of TRUBB's business operations throughout the value chain, aiming to manage and minimize impacts or eliminate them altogether. Managing expectations and the ability to respond to the expectations of stakeholders in all groups is also a key focus. Additionally, managing risks from natural disasters beyond prediction due to changing weather conditions, as well as the enforcement of regulations and trade conditions between countries, which are becoming stricter, require strategic plan adjustments to align with the current situation.
Appointment of Sustainability Committee
The Board of Directors has always prioritized compliance with good corporate governance principles and has foreseen the significance of running a business along with social and environmental responsibilities. Therefore, it was resolved to appoint the Sustainability Committee to be responsible for considering and setting policies and guidelines related to sustainable development, leading to a transparent and fair organizational management system to build stakeholders’ confidence in order to add value and promote the company’s competitiveness for sustainable growth as follows:
- Mr. Pattarapol Wongsasuthikul Chairman
- Mr. Prawit Waraprateep Director
- Ms. Chalongkwan Wongsasuthikul Director
Duties and Responsibilities
- To determine directions, policies, strategies, goals, and plans for sustainable development covering Environmental and Social dimensions and Government of the company to present to the Board of Directors.
- To support and drive collaboration in sustainability performance across the organization by providing advice and promoting the integration of sustainability into business strategies, risk assessments, and short-term and long-term corporate plans in order to achieve the established corporate sustainability goals.
- To review and recommend the company’s sustainability practices in line with Best Practices and international standards by always keeping them up-to-date, and present them to the Board of Directors for further improvement and development.
- To consider and approve the company’s annual sustainability issues in line with the needs and expectations of the stakeholders, the external context, direction, and goals of the organization, and propose to the Board of Directors to seek approval and assign the management to respond and follow up.
- To follow up, summarize organization sustainability performance, and report progress to the Board of Directors at least once a year.
- To supervise the disclosure of the company’s sustainability information through the annual report and the company’s annual sustainability report.
- To consider appointing a sustainability working group as deemed appropriate.
Sustainability Report
