Environmental, Social and Governance (ESG) Policy
Our Beliefs
Sivarom Real Estate Public Company Limited (“the Company”) and its subsidiaries (the “Group”) operate with a strong commitment to environmental, social, and economic responsibility in order to achieve sustainable development objectives. Sustainable development is a globally recognized approach that promotes economic growth alongside environmental stewardship, or conducting activities that do not take advantage of the planet, while at the same time improving the quality of life of both present and future generations. We have incorporated sustainability principles and practices into the Group’s business activities, including the development and design processes of products and services, in order to create benefits for people, communities, and society as a whole. In addition, we consider business activities and business decisions that demonstrate the Group’s commitment to sustainable development in creating positive impacts on environmental, social, and governance aspects, as well as creating value and benefits for our stakeholders.
We believe that the nature of our business is one of the mechanisms for mitigating potential environmental, social, and governance impacts, while also creating new opportunities. Therefore, our approach to environmental, social, and governance responsibility is applied as a framework in the process of regularly assessing risks and opportunities in order to balance business growth and impact mitigation. We continue to aim to invest in projects, activities, and initiatives that we believe will create long-term economic and social change and improvement. These efforts will enable us to achieve our vision of serving communities through sustainable and distinctive solutions in order to promote and enhance the quality of life of people.
The Group’s sustainability policies, including the Corporate Governance and Business Ethics Policy, Enterprise Risk Management Policy, Anti-Corruption Policy, Business Ethics for Suppliers, and Corporate Social Responsibility Policy, shall be considered and applied together with various international standards and practices in order to develop and improve policies relating to environmental, social, and governance issues in the future. Furthermore, we conduct a materiality assessment on an annual basis to understand the environmental, social, and governance issues that are most relevant and significant to the nature of the Group’s business.
Our Commitments
We recognize the importance of establishing commitments that demonstrate our intentions and beliefs in achieving our vision, as well as ensuring that such commitments are monitored and reviewed on a regular basis.
The Group shall reduce environmental impacts by:
• Promoting low-carbon business activities on a continuous basis while expanding the growth of our business.
• Continuously monitoring the environmental impacts arising from our operations and implementing measures to reduce such impacts.
• Committing to limiting the increase in global temperature to 1.5°C by 2050 through the reduction of greenhouse gas emissions in accordance with the Paris Agreement.
The Group shall maintain social acceptance by:
• Giving importance to the health and safety of all stakeholders involved in the Group’s operations.
• Delivering maximum benefits to surrounding communities and undertaking actions to ensure that our communities continue to develop and grow.
• Supporting and promoting the well-being of our employees in order to create the best workplace.
The Group shall create economic growth and establish strong corporate governance by:
• Conducting rigorous risk assessments on a regular basis.
• Committing to improving our internal processes in order to create positive impacts throughout our value chain.
• Delivering excellent services to ensure that our customers receive satisfactory services.
• Conducting business in a fair and transparent manner in order to build confidence among our stakeholders and gain broader social acceptance.
Disclosure
We are committed to disclosing the Group’s environmental, social, and governance performance information to our stakeholders on the basis of accuracy and transparency, in order to ensure that we demonstrate improvements in economic responsibility, environmental responsibility, and social responsibility, which are important elements of continuous sustainable development. In addition, we undertake reviews to ensure that disclosed information complies with applicable regulations and national and international standards. The Company’s environmental, social, and governance information is reviewed and verified annually through a third-party assurance process. Through these actions, we are confident that future investors will receive material and relevant information to support their consideration of entering into a long-term investment partnership with us.