Innovation Management GC has worked continuously to enhance our Innovation Strategy through the planning and allocation of resources to support research and innovation, strengthen the company’s competitive advantage and promote the achievement of the Net Zero Target. GC’s Innovation Management Strategy and Operational Framework consists of 1) Compet i t iveness & Decarbonization, 2) Market-Focused Innovation, 3) Innovation Growth Platform, 4) Enabler. In addition, GC has also developed new innovation strategies, such as low-carbon energy and fuel production, chemical recycling, Syngas, textile recycling, and carbon capture, etc. GC has made investments through Corporate Venture Capital (CVC) and determined a future investment direction that focuses on the High Value & Low Carbon Bus iness Group to increase the company’s competitiveness. This can be further developed into high value businesses through direct and indirect investment in innovation. 3. Ecology: GC focuses on business practices as well as a sustainable ecosystem throughout the value chain. Outstanding projects include the “GC Community-based Water Management” project, which is a col laboration between GC, the government sector, educational institutions, and local communities of Rayong province to alleviate floods and droughts in the communities. Activities carried out under this project include constructing water storage/sediment trap weirs using plastic flapped sacks, and the closed Groundwater Bank Project to alleviate the problem of saltwater intrusion, droughts and floods, etc. These projects ensure that farmers have sufficient water supply for agriculture all year round and reduce 126,200 baht per year worth of water consumption from the water supply system. Sustainability Management in the Economic Dimension 108
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