Mitr Phol Group Sustainability

Menu
Menu
Edit Template

Mitr Phol’s business operations adhere to the “Grow Together” sustainability philosophy, encompassing environmental, social, and governance dimensions. The Board of Directors approved and announced the Sustainable Development Policy, which is annually reviewed for its clarity, currentness, and alignment with international sustainability principles and the UN’s Sustainable Development Goals, ensuring all businesses put them into practice.

Sustainable Development Framework

Information on Environment

To Support a Thriving Environment

Social

Sustainable Communities

Governance

Transparent and Collaborative Corporate

Sustainable Development Policy

Information on Environment

  • Commit to achieving Net Zero greenhouse gas emissions across the entire Mitr Phol Group value chain by 2050.
  • Promote the generation, consumption, and accessibility of renewable energy within the organization to mitigate the impacts of climate change.
  • Commit to integrated water resource management to optimize water use in agriculture and manufacturing and prioritize implementing wastewater treatment processes to ensure water is reusable or safe for discharge into natural water sources.
  • Focus on environmentally friendly production and consumption management, including efficient use of natural resources through innovative operations under the “From Waste to Value” concept. This includes implementing efficient waste management processes to minimize environmental and biodiversity impacts.
  • Commit to promoting and enhancing biodiversity through planting, protecting, reducing, restoring, and conserving forests and modern farming.

    • Social

  • Promote food security for farmers to support sustainable livelihoods.
  • Improve the quality of education to promote social equity through various Mitr Phol initiatives.
  • Create jobs, opportunities, and valuable income for local people and communities.
  • Respect human rights, enhance knowledge and skills, and ensure fair and equal treatment of employees.

    • Governance

  • Emphasize risk management, good corporate governance, and strict legal compliance in all dimensions to ensure transparent business operations.
  • Commit to promoting and serving as a key mechanism for driving cooperation among the private sector, government, and civil society to achieve national goals and policies for community, social, and national development, with a focus on social equity.

    • Sustainability Management Structure.

    Mitr Phol has established a sustainability management structure to drive tangible sustainability efforts. The Board of Directors has appointed the Sustainability Committee to oversee the Company’s sustainable development operations. The Committee meets quarterly and is assigned the following roles and responsibilities:

    1. Establish policies, goals, and strategies and consider risks and opportunities across environmental, social, and governance dimensions to ensure proper alignment with business goals and strategies, laws, international best practices, and national and global sustainability trends.
    2. Consider, support, and review operational guidelines, including providing feedback on integrating environmental, social, and governance into business processes and objectives.
    3. Promote, advise, and support the implementation of environmental, social, and governance strategies across the organization and ensure continuous development.
    The Corporate Sustainability Department, under the Corporate Sustainability Division led by Mr. Komkrish Nagalakshana (Executive Vice President - Corporate Sustainability Management), is responsible for promoting, supporting, and collaborating with other departments across Mitr Phol’s business units. Its role is to ensure organization-wide alignment with the guidelines set by the Sustainability Committee, helping to achieve defined goals and address the needs of all stakeholders.
    Sustainability Management Structure

    Identifying Material Sustainability Issues

    Mitr Phol conducts an annual review and assessment of material sustainability issues using the double materiality principle. The 2024 assessment began with a review of Mitr Phol’s material sustainability topics in comparison with the GRI Standards: Agriculture, Aquaculture, and Fishing Sectors 2022, as well as national and international sustainability trends and developments. All material issues were assessed using the Enterprise Risk Management (ERM) framework to determine the severity and likelihood of impacts arising from Mitr Phol’s business activities and relationships. These include impacts on corporate governance, society, the environment, and human rights, covering both current and anticipated future effects. The double materiality approach comprises two perspectives:

    1. The outside-in perspective, which evaluates how sustainability issues affect the Company, such as their impact on image,reputation, financial performance, market competitiveness, and value creation; and  
    2. The inside-out perspective, which considers the Company’s impact on external stakeholders. This is carried out through a materiality assessment process that engages stakeholders, including shareholders, farmers, communities, suppliers, customers, employees, and the government sector and civil society organizations, using methods such as questionnaires, interviews, and secondary data analysis.  

    The assessment results are then prioritized and used to develop operational guidelines that effectively address stakeholder needs and align with the Company’s business context, ensuring a comprehensive and well-rounded approach to business management. 

    Material Sustainability Issues

    a. Corporate Governance and Risk Management
    b. Digitalization and Technology
    c. Supply Chain Management
    d. Innovation
    e. Climate Strategy
    f. Water and Wastewater Management
    h. Circular Economy
    i. Corporate Citizenship and Philanthropy
    j. Human Capital Development
    k. Labor Practices and Human Rights
    l. Employee Management and Retention
    m. Occupational Health, Safety,
    and Work Environment Management
    r. Biodiversity
    s. Customer Relations

    Disclosure of Material Sustainability Issues

    Sustainability Issue
    Issues Disclosed in This Report
    Sustainable Development Goals
    a. Corporate Governance and Risk Management
  • Corporate Governance & Business Ethics
  • Risk Management
    • b. Digitalization and Technology
  • Information and Data Security
    • c. Supply Chain Management
  • Supply Chain Management
    • d. Innovation
  • Farm and On-Farm Water Management
  • Climate Change Management
  • Energy Management
  • Information and Data Security
    • e. Climate Strategy
  • Climate Change Management
  • Energy Management
  • Farm and On-Farm Water Management
    • f. Water and Wastewater Management
  • Industrial Environmental and Water Management
  • Farm and On-Farm Water Management
    • h. Circular Economy
  • Industrial Environmental and Water Management
  • Food Loss and Food Waste Management
  • Packaging
    • i. Corporate Citizenship and Philanthropy
  • Society and Community
    • j. Human Capital Development
  • Employee Management
    • k. Labor Practices and Human Rights
  • Human Rights
  • Employee Management
    • l. Employee Management and Retention
  • Employee Management
    • m. Occupational Health, Safety, and Work Environment Management
  • Management of Security, Safety, Occupational Health and Work Environment
    • r. Biodiversity
  • Biodiversity Management
    • s. Customer Relations
  • Customers & Consumers

    • Supporting the Operations and Being a Member of Organizations

    Mitr Phol promotes and drives the development of both national and international networks to strengthen collaboration and create an environment that supports dialogue and knowledge exchange. These efforts aim to improve operational efficiency and drive the development of products and services that respond to market and societal needs. The Company also plays an active role in supporting the development of policies and regulations that encourage sustainable business practices. To this end, Mitr Phol partners with organizations and institutions dedicated to advancing sustainable development in areas aligned with the Company’s business strategy, with two primary objectives:

    1. To promote the development of the sugarcane, sugar, and bio-energy industries in Thailand, Mitr Phol joined various trade associations to support good governance across these sectors. This collaboration helps strengthen the sugar industry by ensuring both supply and pricing stability while also advancing the bioenergy business and creating opportunities in the renewable energy market. The Company also works to promote fair benefit-sharing between sugarcane farmers and sugar mills, aiming to secure stable livelihoods for farmers and ensure a steady, sustainable supply of raw materials. This approach enables Mitr Phol to produce environmentally and socially responsible products. In 2024, Mitr Phol contributed a total of 5.39 million baht, representing 84% of the grant budget, to these trade associations.

    To support Thailand’s sustainable development efforts, Mitr Phol has joined various associations and institutions as a member and has appointed representatives to serve on their committees. These organizations are dedicated to advancing national development across governance, societal, and environmental dimensions, including initiatives that promote human rights and climate change management. The Company also contributes to the advancement of the United Nations Sustainable Development Goals (UN SDGs) and joins efforts to help Thailand achieve its greenhouse gas (GHG) reduction targets, in line with the national goal of achieving net-zero emissions. In 2024, Mitr Phol provided financial support totaling 1.03 million baht, accounting for 16% of the total grant budget.

    Mitr Phol Group's support in related activities and membership in significant organizations
    Mitr Phol Group Sustainability
    Powered by  GDPR Cookie Compliance
    Privacy Overview

    This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.