proactive environmental management, which is implemented through the following initiatives to produce concrete results. The example projects include the following: Enhancing the GHG inventory database GC has created a greenhouse gas (GHG) inventory and reports its GHG emissions and reductions both for the organization and its products through a carbon management platform in order to track and compare the emissions of each business unit against the benchmark. The Company also moni tors the performance and establ ishes measures, as detailed below. Elevate GC’s GHG inventory database to encompass all scopes of emissions, namely Scope 1 Direct GHG emissions, Scope 2 Energy indirect GHG emission, and Scope 3 Other indirect GHG emission across all sites. Integrate the GHG inventory database across the product life cycles, encompassing material acquisition, production and distribution process across the value chain. Product Stewardship GC focuses on creating low-carbon products through a product life cycle strategy and conducts life-cycle assessments (LCA). As such, its products across all categories have been certified with various environmental labels, such as the Carbon Footprint of Products (CFP), Carbon Footprint Reduction (CFR), and the Carbon Footprint of Circular Economy Product (CE-CFP) labels by the Tha i l and Gr eenhouse Gas Managemen t Organization (Public Organization) (TGO) as well as the Water Footprint (WF) label by the Water and Environment Institute for Sustainabi l ity, the Federation of Thai Industries in order to enhance the competitiveness of the Thai industrial sector in the global market and prepare for ASEAN and international trade measures in the long term. Thanks to its initiatives to expand and integrate its sustainable environmental management across its networks across all sectors, GC has earned the top score for environmental management in the Dow Jones Sustainability Indices (DJSI) in the chemical business Sector for a fifth consecutive year. GC has also been placed on the A-list, which is the highest tier, in climate change and water security assessments based on the Carbon Disclosure Project’s (CDP) assessment framework in pursuit of its 2050 Net Zero goal. IT Governance and Cybersecurity GC has adopted COBIT 5 (IT Framework); ISO standards, namely ISO 27001, ISO 27701, and ISO 22301; and TQA (Thailand Quality Award) in its information technology (IT) and cybersecurity management through its Integrated Management System (GCMS) and has been utilizing GC Way of Conduct in establishing GC Group’s IT standards. GC also places emphasis on the different aspects of management, namely the quality and availability of data and information, the standard control and specifications of hardware and software, IT and cybersecurity, and availability in case of emergency. The implementation consists of two components as follows: Management Levels: The management is divided into three levels: 1. Governance Level The Audit Committee is responsible for overseeing and auditing IT and cybersecurity to ensure the suitability and adequacy of the operation. GC Group’s Digital and IT Steering Committee (DISC) is responsible for defining the group’s digital and IT direction, policies, and goals to ensure uniformity and the level of standard comparable to that of leading international companies in the same industry, with the Chief Executive Officer and President serving as the chairman of DISC. Net Zero For More Information: https://sustainability.pttgcgroup.com/storage/document/net-zero/ 20211119-pttgc-gc-s-decarbonization-pathways.pdf 199 PTT GLOBAL CHEMICAL PUBLIC COMPANY LIMITED Form 56-1 One Report 2023
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