Although the Company is a financial service and might not seem to have a direct negative impact on the environment, we cannot deny that our existence has an impact on the environment as we still use natural resources with the use of fuel and electric power. Moreover, climate change affects directly to the sustainability of the company. Around 32 per cent of our customers are farmers, whose production and income are directly related to the climate. Therefore, climate change will inevitably affect the farmers’ income as well as the Company’s debt quality in the long run. To deal with this issue, the company, as a citizen of society, has put forth great effort by implementing the concept of Corporate Citizenship through policies and strategies to reduce negative environmental impact.
1. Environmental Management
1.1. Reducing carbon footprint
Waste management by recycling
The company began the waste classification process in the office building, starting from the head office building in Bangkok to be set as a sample and stimulate awareness of environmental issues to employees. This waste classification is primarily emphasising the recycle and the reuse processes, in which in the first phase, the waste is classified into paper, cardboard, plastic, plastic bottle in order to be proceeded to the responsible third party.
Reducing paper usage by developing a module in SAP system
In 2019, the company focused on the development of storage of internal information documents in the form of e-document platform by reducing paper works mainly in the internal departments such as HR, Operation, and central information documents. The design and development of several modules in the LRA system (approval process) as well as MTC University platform (data recording and data storage) has been in place and reduced the use of paper efficiently and permanently.
Greenhouse Gas : GHG
The company evaluates the amount of greenhouse gas emissions from its operations in accordance with the Carbon Footprint Assessment Standards of the Thailand Greenhouse Gas Management Organization (Public Organization), referring the emission factor to the standard value of the Intergovernmental Panel on Climate Change (IPCC, 2006).
|Scope||Greenhouse Gas : GHG||Unit|
Per Full Time Employee (FTE) is determined by the total number of employees each year between 2017-2019 of Muangthai Capital Public Company Limited.
- The company reports Scope I greenhouse gas emissions annually, by calculating only the fuel consumption from the company owned vehicles’ usage in the HQ office and operational branches nationwide, in which consisting of Diesel and Gasohol 91/95 petrol.
- The company reports Scope 3 greenhouse gas emissions annually, by calculating only the amount of paper usage of the company, which assessed from the amount of withdrawals in both the HQ Office and operational branches nationwide.
1.2 Energy efficiency and value
By investing in a green LEED-Certified building to improve energy efficiency and is friendly to the community and environment.
The Chief Executive Officer and Deputy Managing Director are responsible for environmental performance in being the first non-bank credit service provider and the only place in Thailand who invests in a Green building which is LEEDcertified at the Gold level. The building has been assessed to pass the criteria on all 9 aspects, namely
- Operational process
- Location and transportation
- Project location for sustainability
- Efficient use of water
- Energy and environment
- Materials and resources
- The quality of the internal environment
- Priority at the regional level
The new headquarters building is expected to be completed by the 2nd quarter of 2020 and will help reduce the impact on communities and the environment in the long run.
“Turn-off for a Change” project to reduce energy use during lunch breaks
The company has an energy conservation project “Turn-off for a Change” for all employee levels to be aware of the importance of energy conservation and reduce electricity usage. The project requires employees to follow the following measures:
1. Air Conditioning
- Turn on at 8:30 am
- Turn off between 12.00 hrs. - 13.00 hrs.
- Turn off at 17.00 hrs. Or about 30 minutes before the end of work time. If there needs to work overtime, turn on as necessary as possible.
- Set the temperature to 25 degrees (save 10% of energy)
- Clean the air filter at least once per month
- Turn on the lights only when needed
- At night, turn on the lights as necessary to maintain the security within the office building.
- Turn off the lights and all electrical appliances when leaving the office every time.
3. Computers and office appliances
- Turn off the computers without not in use
- In case that the copier is not used for a long time, turned them off
- Inspect and check all electrical appliances to estimate the cost of repairs and maintenance.
As a result of the implementation of energysaving measures in the head office in 2019, the Company can save approximately 27,398 kg Co2.
2. Supply Chain Management
Review of Purchasing Policy
The major move to reduce carbon footprint in 2019 is to improve the purchasing policy to buy environmentally friendly and green-labelled products. Moreover, there are still improvements in purchasing policy in selecting trading partners and the criteria for evaluating partners by considering the Environmental, Social and Governance (ESG) risks.
Review of Methods for Evaluating Partners
In 2019, the purchasing department has improved the methodology of evaluating the top 10 key business partners by increasing the assessment criteria which are related to Environmental, Social and Governance (ESG) risks. However, based on the annual evaluation of the top 10 business partners, it is found no significant risk of ESG from the top 10 key trading partners which have a combined trade value of 215.76 Million baht