SUSTAINABILITY MANAGEMENT IN THE ENVIRONMENTAL DIMENSION coating resins and crosslinkers industries, including the delisting of the securities of Vinythai Public Company Limited (VNT) from being listed Company and making a tender offer for delisting. This will help expand the downstream business of the company. Moreover, GC has diluted shareholding in Global Power Synergy Public Company Limited as part of our business restructuring towards the Net Zero Target. GC has also steered the product market towards high value products (HVP) and developed the “YOUTURN PLATFORM” to implement end-to-end waste management as a solution to reduce plastic waste and GHG at the same time. These contribute to GC’s Net Zero Target while preserving our competitiveness and enabling continuous growth. Compensation-Driven covers the continuous implementation of projects to restore and reinforce forest ecosystems in collaboration with government agencies, the private sector, the society and communities, spanning across a total area of 2,500 rai. These projects include the 80-rai Eco-Forest Rayong Wanarom which follows the Eco Forest principle and has been registered in the Thailand Voluntary Emission Reduction Program (T-VER), and the Khao Huai Mahat Forest Restorat ion and Water Conservation Project which has been carried out uninterruptedly since 2013 and has led to the restoration and recovery of the ecosystem of 2,500 rai of watershed forest. Additionally, GC has also built cooperation with our partner network and invested in Corporate Venture Capital (CVC) to gain access to Carbon Capture Utilization and Storage (CCUS) and other breakthrough technologies for future utilization. Climate Change Management GC reaffirms our stance to partake in the Paris Agreement under the United Nations Framework Convention on Climate Change. We have, thereby, set the target to reduce greenhouse gas emissions (scopes 1 and 2) by 20 percent within 2030 and achieve the Net Zero Target as well as reduce scope 3 emissions by 50 percent within 2050. The company has assessed and disclosed information on risks and opportunities relating to climate change in line with the Task Force on Climate-related Financial Disclosures (TCFD). Furthermore, we have clearly defined short-term, medium-term and long-term policies and strategies pertaining to energy and climate change management. In doing so, the Sustainable Development Committee (SDC) has been appointed to drive these strategies and determine business directions to correspond with the Low Carbon Transition Framework: Efficiency-Driven highlights the implementation of diverse greenhouse gas reduction and energy enhancement projects, such as Energy Conservation, Maptaphut Integration (MTPi), Greenhouse Gas (GHG) Reduction through Alternative Energy, etc. We stress on energy and utilities management for maximum eff iciency, loss reduct ion during transportation, greenhouse gas emissions reduction, and comprehensive waste management to reduce greenhouse gas emissions according to GC’s “Together to Net Zero” goal. Portfolio-Driven features investment in high value business (HVB), green chemical business, and businesses that correspond to the Circular Economy principles. In 2021, GC has expanded investment in allnex Holding GmbH, the top global leader in 91 BUSINESS OPERATION AND PERFORMANCE CORPORATE GOVERNANCE FINANCIAL REPORTS AND FINANCIAL STATEMENTS APPENDIX
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