Key stakeholders: Shareholders/ Farmers/ Customers and Consumers/ Government and Civil Society Sectors
|
|
2023 (Baseline)
|
2030
|
2050
|
|---|---|---|---|
|
Target
|
Create database for scope 1, 2, and 3 emissions
|
Reducing greenhouse gas emissions from
|
Reduce scope 1, 2, and 3 emissions by 90% from the baseline year
|
Climate change management activities include:
To support its plan to reduce greenhouse gas emissions across the entire supply chain and achieve carbon neutrality by 2030, as well as net-zero emissions by 2050, Mitr Phol has prepared a GHG emissions inventory based on the assessment of the Carbon Footprint for Organization (CFO), covering Scopes 1, 2, and 3 across all business groups. The data is verified by a third party to ensure accuracy, reliability, and transparency. The breakdown of greenhouse gas emissions for 2024, categorized by scope, is as follows:
The Corporate Sustainability and Digital Transformation teams have collaboratively designed and developed a platform for collecting and calculating the Company's GHG emissions data, as well as a system for quantifying GHG emissions and removals. This platform serves as a tool for business units to evaluate corporate footprints, identify energy-saving opportunities, and reduce emissions.
The data collection and greenhouse gas emission assessment processes are conducted in compliance with the standards set by the Thailand Greenhouse Gas Management Organization (TGO) and in alignment with the internationally recognized GHG Protocol. The digital reporting system provides detailed information categorized by emission source and business activity, as well as consolidated greenhouse gas emissions data from Mitr Phol's operations in Thailand. This enables relevant agencies to effectively utilize the information for planning and operational decision-making.
To foster employee understanding of the importance of data collection and to encourage their support for greenhouse gas reduction efforts and the Company's net-zero emissions goal, the Sustainable Development Division organizes comprehensive training programs. These include online Reskill–Upskill courses on basic greenhouse gas knowledge for operational-level staff and above, as well as workshops for relevant executives and employees across various business units, such as sugarcane farming, sugar production, ethanol, energy, fertilizers, wood substitutes, logistics, and other businesses. The training covers key topics, including fundamental concepts, data collection methods, identification of greenhouse gas emission sources, workshops on organizational carbon footprint assessment, and communication of corporate emission reduction targets.
In 2024, employees at all levels completed online training, and workshops were held across more than 40 operational sites. Additionally, the Company continuously provides related knowledge through various channels, such as email, bulletin boards, and the Mitr Samphan Journal, to ensure that employees at all levels understand greenhouse gas issues and are informed of the Company's goals.
Since 2022, Mitr Phol has disclosed climate-related financial information, including assessments of both physical and transition risks, as well as potential opportunities arising from climate change.
Mitr Phol continues to promote the use of digital technology to enhance organizational operations. In 2024, the Company adopted environmentally friendly technologies to support green sourcing and green operations, aiming to reduce greenhouse gas emissions and improve resource efficiency. These efforts reflect the Company's commitment to balancing business growth with environmental and social responsibility. The key digital technologies deployed to support these initiatives are as follows:
Mitr Phol reduces greenhouse gas (GHG) emissions from sugarcane cultivation by managing all field activities from land preparation, planting, crop care, to harvesting under environmentally friendly Mitr Phol ModernFarm method. This method integrates innovative techniques to maintain soil health and sugarcane productivity, such as planting legumes before sugarcane, green cane harvesting and trash blanketing, and deploying natural enemies for biological pest and disease control. These practices not only help control production costs, improve efficiency, and generate additional income for farmers, but also reduce the use of natural resources and lower GHG emissions from agricultural activities (For more information, please refer to Farm and On-farm Water Management chapter). In addition, the Mitr Phol Innovation and Research Center (MPIR), an entity dedicated to advancing agricultural technology, continuously supports research and development aimed at reducing GHG emissions. This includes comparative studies between conventional practices (CP) and Good Agricultural Practices (GAP) to identify effective GHG reduction strategies, as well as the development of biopesticides for controlling sugarcane pests.
Mitr Phol reduces its environmental impact by improving energy efficiency in production processes and minimizing energy loss. Given the diverse nature of its business operations, the Company has established tailored energy-saving guidelines and methods specific to each production process to maximize efficiency and support its energy sustainability goals. Key initiatives to promote energy efficiency and conservation include recovering excess heat for reuse in production, insulating boilers to prevent energy loss, and modifying or maintaining aging equipment to enhance system efficiency and reduce thermal loss. (For more information, please refer to Energy Management chapter)
A label that indicates the total greenhouse gas emissions produced throughout a product's life cycle, from material acquisition, production process, distribution, usage, and waste management at its end of life
41 products are certified.
The certified products are in the groups of white sugar, super refined sugar, refined sugar, raw sugar, natural cane sugar, syrup, Inversweet syrup, rock sugar, sucrose sweet syrup, crystalline sugar, caramel granulated sugar, ethanol, and animal feed yeast.
A label indicating that the product has passed a carbon footprint assessment and meets the criteria for reducing GHG emissions
8 products are certified.
The certified products are in the groups of white sugar, raw sugar, pure refined sugar, and natural cane sugar.
3 products are certified.
The certified products are in the groups of ethanol and animal feed yeast.
T-VER is a project that encourages organizations to participate in reducing greenhouse gas emissions in the country. The amount of reduced greenhouse gas emissions, known as carbon credit, can be traded. Mitr Phol has been participating in this program since 2015 until the present.
ได้รับการรับรอง จำนวน 9 โครงการ
ในประเภทพลังงานหมุนเวียนหรือพลังงานที่ใช้ทดแทนเชื้อเพลิงฟอสซิลและได้คาร์บอนเครดิต จำนวนประมาณ 900,000 tCO2e/year.
Renewable Energy Certificate (REC) for renewable power generation, certified by the Electricity Generating Authority of Thailand
Total RECs: 1.3 million RECs/year
Sugarcane requires nitrogen throughout its growth cycle, as it is vital for plant development and a key component in energy production. However, chemical fertilizers containing nitrogen, such as urea, are not fully absorbed by the plants. The excess nitrogen re-enters the environment and is eventually converted into greenhouse gases, contributing to atmospheric emissions.
The Mitr Phol Innovation and Research Center has developed a specialized product known as Controlled Release Fertilizer (CRF), which gradually releases nitrogen in line with the crop's needs, ensuring that sugarcane receives consistent nutrients throughout the growing period. A single application of 50 kilograms of CRF is equivalent in effectiveness to two bags (100 kilograms) of conventional fertilizer. This innovation improves crop management efficiency, reduces fertilizer costs, prevents excessive use of chemical fertilizers, and helps lower greenhouse gas emissions.
The Bio-Materials business reflects Mitr Phol Group's commitment to developing innovation in compostable plastic solutions. Made from natural materials such as cassava and sugarcane, the Company's bioplastic products meet the growing demand for sustainable, eco-friendly alternatives. These products stand out for their biodegradability, ability to reduce environmental pollution, and consumer safety. Currently, Mitr Phol offers two main product lines: compostable compounds and compostable food packaging, under the "PlaneX" and "CaneX" brands.
Panel Plus Co., Ltd.* conducts its business with consideration for the impacts of climate change. The Company ensures that its wood substitute products are responsibly managed in accordance with international Forest Stewardship Council (FSC) standards, which support sustainable sourcing throughout the entire value chain, from the planting of rubber trees for commercial use to production and final delivery. Compliance with these standards assures customers that the products do not contribute to deforestation or ecosystem degradation, both of which are vital to carbon absorption and climate change mitigation.
In addition, Panel Plus's melamine-coated wood products are certified under the Singapore Green Labelling Scheme (SGLS), the country's leading environmental standard. This certification confirms that the products have a lower environmental impact compared to similar uncertified products, based on a comprehensive life cycle assessment, from production and use to disposal. The products have also earned the Greenguard Gold certification, an internationally recognized standard developed by the GREENGUARD Environmental Institute. This certification verifies that the products emit extremely low levels of volatile organic compounds (VOCs), helping to improve indoor air quality and ensure user health and safety, while also supporting efforts to minimize environmental impact.
Fair and Fast Co., Ltd., a subsidiary of Mitr Phol, provides integrated digital logistics and supply chain solutions. The Company has been expanding its green business initiatives by offering low-carbon transportation services, including the use of electric vehicles and rail transport, both of which generate lower greenhouse gas (GHG) emissions compared to conventional trucking.
In 2024, Fair and Fast launched a pilot project deploying electric tractor units to transport bagged sugar within Laem Chabang Port, Chonburi Province. The project is a collaboration with Banpu Next Co., Ltd., a leading smart energy solutions provider in the Asia-Pacific region, and Thai EV Co., Ltd., a major supplier of commercial electric vehicles. In the future, the Company plans to expand the use of electric tractor trucks for sugar deliveries to customers located near its production facilities. It also aims to shift the transportation of raw sugar from diesel-powered trucks to rail, in a bid to reduce dependence on fossil fuels. This initiative represents a strategic move toward digitally driven green logistics, which helps reduce operational costs while advancing long-term social and environmental sustainability.
Implementing financial instruments linked to sustainability performance supports strategic goal setting, enhances risk management, and strengthens corporate governance, while also helping to reduce financial costs. These instruments also reinforce the role of financial institutions in addressing climate change by facilitating a sustainable transition across the business sector. Mitr Phol Group has consistently collaborated with financial institutions to access loans and working capital aligned with its sustainability objectives. In 2024, the Group partnered with Siam Commercial Bank to launch a Sustainability-Linked FX Option, which links the Company's environmental performance to preferential exchange rate terms. This initiative not only helps mitigate market volatility risks but also underscores Mitr Phol's commitment to tackling environmental and social challenges through responsible and sustainable business practices.
