Message from CEO

Dear Friends and Family of Thai Wah,

Our journey and commitment towards Creating Innovation and Sustainability from Farm to Shelf continued in 2023.   Within this sustainability report, we are excited to share the progress and milestones made in the last 12 months.   We truly believe that our vision is not simply a statement; it is a commitment that is embedded and resonates at every level of our organization.

We continue to expand our footprint to 16 locations in 7 Asia-Pacific countries and a global reach spanning over 35 countries. Thai Wah aspires to lead as an Agri-Food Company. Our commitment spans the entire value chain, influencing communities and stakeholders at every interaction. From farming and sourcing to manufacturing and delivery, we remain dedicated to providing the best plant-based ingredients to global consumers, fostering shared value, while amplifying the best of Southeast Asia to the world.

At Thai Wah, sustainability is embedded in every aspect of our operations and revolves around the four Pillars of Sustainability — Farmer Development, Green Factory and Community, Family and Well-Being, and Food and Finished Goods. Our trajectory is driven by the conviction that responsible business practices are not only beneficial for the planet but also drives future business growth.

Sustainable farm development is part of how we build our business every day.  Business depends on the health of the ecosystems from which we source our raw materials.  Annually, the group sources over 1.3 MT of tapioca in SEA, ensuring better livelihoods for our farmers. Over the past year, we have worked closely with farmers, deploying innovative solutions and technologies to enhance agricultural productivity while minimizing our environmental footprint. We have achieved certification for more than 800 organic tapioca farmers in Preah Vihear, Cambodia, with the Farm Sustainability Assessment (FSA) from SAI Platform with Silver Level for cassava; the first in APAC.

In our pursuit of excellence, we have continued to invest in research and development to bring forth new, sustainable products to serve our customers and, moreover, our farmers. This year, we introduced our Thai Wah Model, combining our initiatives and efforts: Waxy-cassava stem, biodegradable mulch film, and TW8 Biofertilizer. Our commitment to innovation is not only about meeting the needs of today but anticipating the demands of tomorrow. With the aim to reduce our scope 3 greenhouse gas emissions, we put more emphasis on raw material carbon footprint.

Climate change must be tackled by all parties, and we are firmly devoted to doing our part by becoming Carbon Neutral by 2030 and achieving Net Zero by 2050. We are also proud to announce that Thai Wah was selected to list on the “SET ESG Rating Level A” in 2023 by the Stock Exchange of Thailand (SET) and were awarded the “Sustainability Disclosure Recognition” by Thaipat for the fifth consecutive year. Pursuing Diversity, Equity and Inclusion is also a key part of our Company’s people philosophy, as the team is now made up of 7 nationalities, and 40% of our top leadership team is female.

As we look ahead, we remain resolute in our commitment to becoming a model of sustainable business in the agri-food system. The journey will never end, and there is always more to do.  With the dedication of our team, the support of our partners, and the trust of our customers, we are confident in our ability to make a meaningful and lasting impact.

I extend our gratitude to our community for recognizing our efforts. Together, with our associates, customers, and partners, we promise to strive and forge ahead to catalyze a better tomorrow for the future generations.