Corporate Risk Factor Important Mitigation Measures Integrate and diversify business to enhance competitive advantage through various investment projects focusing on feedstock management, improvement of production units and infrastructures to accommodate feedstock flexibility in order to maintain the cost competitiveness in at least the 2nd Quartile. Enhance cost competitiveness by reducing redundancies in the business processes, minimizing the maintenance costs yet still maintain plant reliability, improving energy and utility efficiency to reduce losses and pollutions. Build long-term stability in sales and marketing by increasing market shares, strengthening the home base markets and sales, building business alliances in Southeast Asia and Strategic Market countries as a mean to create sales agility and explore new business opportunities. Adjust product portfolio and create added value by implementing market-focused business strategies, placing emphasis on High Value Products (HVP) as well as seeking new business opportunities in accordance with the megatrends to meet the needs of customers and to better reach end users. Invest in High Value Business (HVB) with a focus on high growth products with superior profitability that respond to consumer needs as well as emit low carbon. Sustainable Water Management The ability to sustainably manage water, in terms of both quantity and cost, is essential to the Company’s business operations. To prevent interrupt ion of the product ion process, maintain competitiveness and secure future project investment plans, the Company must define proactive measures, drive sustainable water management at the national level, acquire additional alternative water sources and adopt water management technology to reduce water consumption and to ensure adequate amount of water at a reasonable cost for both existing business operation as well as future projects. The Company has implemented measures related to water management as follows: Continuously monitor and assess the risk of drought and formulate mitigative and adaptive action plans as well as business continuity management plans for the event of drought. Implement tangible water management initiatives such as increasing the efficiency of water intake for the production process, water reuse and recycle, water-related technology investments, as well as finding alternative water sources e.g. Sea Water Reverse Osmosis project (SWRO) and Wastewater Reverse Osmosis project (WWRO), etc. Conduct a study on the new models for alternative water sources and new water production technologies. Promote sustainable integrated water management guidelines and policies at the national level through collaboration with the government, private, and industrial sectors, such as the Water and Environment Institute for Sustainability, Federation of Thai Industries, and the Eastern Water War Room, etc., along with drive the establishment of a regulatory body to oversee contract and pricing mechanisms for transparency and fair use in the industrial sector with an ultimate goal to uplift the country’s competitiveness. 83 BUSINESS OPERATION AND PERFORMANCE CORPORATE GOVERNANCE FINANCIAL REPORTS AND FINANCIAL STATEMENTS APPENDIX
RkJQdWJsaXNoZXIy ODg4NTI=