Our Goals and Performance
Thai Wah believes that sustainability can only be achieved through collaboration across all sectors. The Company therefore adopts the Sustainable Development Goals (SDGs) and the principles of Double Materiality Assessment to evaluate key sustainability issues from both the business and stakeholder perspectives. This ensures that decision-making, prioritization, and strategic direction are transparent, balanced, and focused on long-term value creation. In line with this approach, and given the Company’s direct connection to agricultural raw materials, Thai Wah places a strong emphasis on regenerative agriculture. This includes restoring ecosystems and improving soil health, alongside the use of digital agriculture technologies such as satellite imagery, geospatial data, and AI to forecast yields with greater accuracy. These efforts enhance farming productivity, reduce excessive resource use, and mitigate raw material risks. Beyond operational improvements, this approach enhances farmers’ livelihoods while creating shared value, enabling the business, society, and the environment to grow together sustainably.
Thai Wah is committed to integrating into our strategy, culture, and day-to-day operations the UN Global Compact (UNGC) and the Guiding Principles on Business and Human Rights, which have been widely embraced by business organizations all across the world. We intend to engage in collaborative projects that advance the UN's broader development goals, in particular the Sustainable Development Goals, or SDGs, in order to identify and implement sustainability goals that are compliant with international standards and contribute to our continuous growth and development.
KEY PERFORMANCE
Received an “Excellent” CG Rating from the Thai Institute of Directors Association (IOD) for the 4th consecutive year.
29% of domestic procurement value was sourced from suppliers certified under Green Industry and/or ISO 14001 standards.
27% of domestic procurement spending was allocated to local suppliers and enterprises.
100% Sustainable agriculture following FSA guideline with 53% verified.
Enhanced transparency through the adoption of IFRS reporting standards and the implementation of a Double Materiality assessment for the first time.
Srengthened data security confidence with a Microsoft Secure Score of 71.15% and 100% implementation of multi-factor authentication (MFA).
100% of targeted executives and employees completed training on risk management and anti-corruption practices.
Provided fair-price procurement while supporting the distribution of 803,810 disease-free and resistant cassava cuttings across 360 rai to strengthen farmers’ economic resilience.
Leveraged AI and satellite imagery to forecast crop yields, while restoring soil health through the “TW8” soil enhancement innovation to improve resource efficiency and regenerate agricultural ecosystems.
Treated water redistribution initiative to support agricultural use during the dry season.
100% of cassava sourcing areas were covered under the Company’s “No Deforestation” policy.
Transferred sustainable agriculture knowledge to farmers to support the advancement of the Bio-Circular-Green (BCG) Economy.
Reduced Scope 1 and 2 greenhouse gas (GHG) emissions by 26% from the 2021 baseline, supporting the Company’s Net Zero emissions target by 2050.
Increased the share of renewable energy to 60% of total energy consumption in manufacturing operations.
100% of wastewater is treated in compliance with legal standards prior to safe discharge, with partial reuse through water recycling, and a commitment to advancing technologies toward a fully closed-loop water system in the future.
Maintained the Zero Fatality target, reduced the LTIFR to 0.55, and achieved 100% safety training coverage for employees and contractors.
Promoted local employment and community engagement through the “Care and Community Day” initiative to strengthen relationships and create positive impacts for surrounding communities.
Advanced sustainable manufacturing processes through innovation aligned with international standards.
Promotes diversity and non-discrimination across all recruitment processes, maintaining a workforce composition of 57% female and 43% male employees, while employing 25 persons with disabilities and supporting the “Empowering Women in Innovation” initiative.
Enhances employee capabilities in digital skills, AI, and leadership under the Stronger Faster Better (SFB) framework, while promoting continuous learning through an average of 36.75 training hours per employee per year, totaling more than 23,160 learning hours annually.
Promotes employee well-being, safety, and work-life balance through annual health check-ups in line with the target participation rate (≥90%), financial literacy and retirement planning programs, as well as support for employees affected by natural disasters.
Conducts the Associate Engagement Survey (AES) biennially and organizes focus group sessions to gather insights for developing organization wide action plans.
Drives innovation in health and food security solutions through 10 products, with an additional 3 new products planned for development in 2026.
Provides 100% Guideline Daily Amount (GDA) nutrition labeling on product packaging to support informed consumer decision-making.
Advances sustainable packaging through material reduction and design optimization, resulting in a reduction of more than 203 tons of plastic usage.
Strengthens customer relationships and communication through customer satisfaction assessments to collaboratively enhance products and services.