transitioning to renewable energy or low-carbon energy sources. This includes 74 energy conservation projects, efficiency enhancements in the refining process, the development of the Word Membrane Platform, and the implementation of renewable energy projects. The objective is to reduce greenhouse gas emissions from the production processes. Portfolio-driven: GC is undertaking a business portfolio adjustment to become a low-carbon business. This involves a focus on investments in three business groups: High Value Business (HVB: Developing highly efficient products from the markets and technologies, such as coatings with low Volatile Organic Compound (VOC) content. Bio-based Products Group: Producing bio-based products, including Fatty Acid Methyl Ester (FAME), Refined Glycerin, products from palm kernel oil, and the bio-plastic PLA (Polylactic Acid). Circularity & Recycling Group: Utilizing innovations and advanced manufacturing technologies to enhance the quality of recycled plastics, making them usable and sustainable and perating the ENVICCO plastic recycling plant, meeting global standards, and supporting end-to-end waste management through projects like the YOUTURN Platform and the Upcycling Upstyling initiative. Additionally, the comapny has committed to the principles of Product Stewardship, applying an EcoDesign approach and Life Cycle Assessment (LCA) in research and development. This ensures that products are environmentally friendly, safe for consumption and use, and optimize resource use throughout the entire production and disposal processes. Compensation-driven: GC is managing greenhouse gas emissions through various approaches, including Nature-based solutions and technological interventions. This involves compensating for remaining emissions through natural carbon absorption, utilizing technologies such as Carbon Capture and Storage (CCS), and exploring new alternative emerging carbon capture technologies. In 2023, the company is studying new alternative technologies for capturing and storing carbon dioxide (Alternative Emerging Carbon Capture Technology) in collaboration with companies in the PTT Group. The focus is on conserving natural resources, including ongoing efforts to restore and enhance the balance of forest ecosystems. This includes continuous reforestation efforts to register carbon credits, both within the company’s areas and in collaboration with government agencies, private sectors, and various communities in various projects. Since 2013, the company has been consistently involved in projects, spanning over 6,000 rai, such as the Forest Conservation and Carbon Credit Registration Project, Huai Mahat Forest Restoration Project, Eco-Forest Rayong Wanarom plantation project, Mangrove Reforestation Project, and the tree planting project namely “The More You Plant, the Better” in collaboration with the Bangkok Metropolitan Administration. Furthermore, the company has entered into agreements for community forest projects with the Mae Fah Luang Foundation, focusing on the maintenance, restoration, and tree planting in the community forest. As part of these initiatives, the company has received carbon credits for a duration of 3 years from the project. Sustainability Management in the Social Dimension GC is determined to be a leading organization in operational efficiency in the chemical products industry and aims to be a Top Quartile Employer in the AsiaPacific (APAC) region. It has developed an Organization Transformation Strategy for the years 2023-2027, emphasizing management in four main areas: Skills & Competencies, Resource Planning, Great Well-being, and Policy & System Transformation. This strategic focus supports the company’s overall strategy, enabling it to adapt to long-term business fluctuations and competition. GC has developed a group-wide strategy for social responsibility, focusing on creating shared value (CSV) and conducting business as a social enterprise (SE). The goal is to become a sustainable partner for the community by 2025. The company has prioritized three key components: Better Living: Emphasizes improving the quality of life in communities through initiatives promoting self-sufficiency and sustainability. A notable project is the Community Waste Model, a collaboration with six communities in Rayong and Nakhon Pathom provinces. This project establishes waste management centers, collecting and recycling plastic bottles to create employment and generate income for the communities. In 2023, it contributed over Baht 3.7 million to the communities. 126
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