Message from CEO
“Our accomplishments in 2024 reflect this commitment. Thai Wah was honored with the Prime Minister’s Export Award for Best Green & Sustainable Exporter. We also achieved the SET ESG Rating Level A from the Stock Exchange of Thailand (SET) and were recognized with the Sustainability Disclosure Recognition by Thaipat for the fourth consecutive year”
Dear Friends and Family of Thai Wah,
Thai Wah has experienced a transformative year in 2024, marked by significant progress in our sustainability initiatives. Our focus on innovation and sustainable practices has achieved remarkable results, while strengthening our business and our impact on the environment, our associates, and our communities. As we continue to navigate the evolving landscape, I am excited to share the significant milestones we have achieved and the challenges we have overcome.
Thai Wah, as a leader in the agri-food industry, has been at the forefront of innovation and sustainability for over seven decades. Our commitments to excellence and sustainable growth have driven us to continuously evolve and adapt to the changing world and the changing needs of our stakeholders.
The vision to "Create Innovation and Sustainability from Farm to Shelf." drives every aspect of our operations. From adopting sustainable regenerative farming practices to delivering high-quality products to our customers. One of the key milestones this year was verified with the Gold-level FSA by the SAI platform for our cassava farming operations in Rayong and Kanchanaburi, Thailand. This prestigious recognition highlights our efforts in promoting sustainable agriculture and responsible sourcing, reinforcing our position as a leader in the Agri-food industry.
Energy efficiency continues to be a key focus area. Thai Wah implemented a range of innovative energy-saving measures across our operations. These initiatives include optimizing our production processes, investing in energy-efficient technologies and expanding solar panels to 2 additional factories in Thailand. Our commitment to energy efficiency is a testament to our dedication to sustainable growth and environmental stewardship. Moreover, we have strengthened our environment and waste management initiatives together with our local communities by upcycling the waste into valued agricultural inputs. By involving local communities in these efforts, we aim to create a more sustainable environment. As a result, we have achieved a significant reduction in greenhouse gas emissions compared to the previous year.
As we face the critical challenge of climate change, Thai Wah remains steadfast in our commitment to meaningful action. Our goals are to achieve 50% renewable energy usage for total electricity consumption, attain carbon neutrality by 2030, and reach Net Zero emissions by 2050. Currently, renewable energy accounts for 22% of our total electricity consumption, and we have reduced greenhouse gas emissions by 37% from the year 2021. These efforts are crucial in mitigating the impacts of climate change and ensuring a sustainable future for generations to come.
People excellence is another cornerstone of our sustainability strategy. Our associates are our greatest asset, and their well-being and development are crucial to our success. We have invested in comprehensive training and development programs to enhance their skills and capabilities. Additionally, we have fostered a culture of continuous improvement and excellence, encouraging our employees to innovate and excel in their roles. Thai Wah is proud to be the recipient of the “HR Asia Best Companies to Work for in Asia” Award for the third year in a row.
Our accomplishments in 2024 reflect this commitment. Thai Wah was honored with the Prime Minister’s Export Award for Best Green & Sustainable Exporter. We also achieved the SET ESG Rating Level A from the Stock Exchange of Thailand (SET) and were recognized with the Sustainability Disclosure Recognition by Thaipat for the fourth consecutive year.
While we are proud of our achievements, our journey toward sustainability is ongoing and will never end. We will continue to drive innovation, enhance our sustainable practices, and contribute to a greener, more sustainable future.
I am deeply grateful to our dedicated team, partners, and stakeholders for their unwavering support and collaboration. Together, we will continue to build a resilient and sustainable Thai Wah.