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Sustainability Overview

Policy and Goals of Sustainability

G-Able Public Company Limited has established a sustainability development policy as a guideline for the Company's business operations toward sustainable growth, covering the economic, social and environmental dimensions, by applying the Sufficiency Economy Philosophy, so that is align with the expectations of all groups of stakeholders of the Company. The Company's business processes comply with all applicable laws, regulations, and rules, while maintaining the economic, social, and environmental balance, minimizing the impact of operations along the business value chain, and leveraging its strengths by applying technology to create innovation and business growth in parallel with society, community and continually focusing on environmental protection.

G-Able Public Company Limited is ready to drive the organization with vision and mission to develop the organization for sustainable growth which is consistent and in accordance with the strategic plan and a business plan that has set goals for our business operation of the G-Able Group.

Economic Development Dimension

The Company aims to be an organization with good corporate governance, conducting business with ethics, fairness, transparency and accountability, as well as providing an efficient risk management system to create added value to the business with recognize the stakeholders of all groups. The Company also realizes the development of product and service quality, recognizing the needs of its customers, by developing sustainable growth with its partners through efficient supply chain management, creating and continually developing innovations to serve diverse needs and create customer satisfaction.

Social Development Dimension

The Company is committed to creating stability for the society, communities and all stakeholders equally. Starting from the development of knowledge, abilities, skills and potential of employees in order to create effective people for society. Therefore, jobs are created, and income is distributed to the community in order to create a sustainable society with regard to human rights principles. The Company aims to be an organization that is part of the sustainable social movement with the following key practices:

  • Treat all employees with regard to the principle of human rights as a priority.
  • Employee engagement development plans are implemented and evaluated regularly.
  • Create a good relationship with the society, the community involved, and share knowledge on technology and business, which are the cornerstones for the effective growth of the society.
  • Serve the community through various corporate social responsibility (CSR) programs.
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Environmental Development Dimension

The Company realizes that the success of business operations depends on the sustainable development of the environment, community and society, where business operations directly and indirectly affect the environment. Therefore, the Company emphasizes the environmentally friendly business practices, efficient use of resources and raising awareness of its personnel's environmental responsibility. The Company is committed to managing the environmental impact, risks and opportunities for cost reduction in doing business, increasing returns for shareholders and ensuring that the environment is preserved for future generations. Preserving the environment and promoting the communities where the Company operates is another commitment of the Company by conducting its business with honesty and in compliance with the relevant rules and regulations as well as in accordance with the principles of good corporate governance.

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The Company has set up a management structure for sustainable development by the Chairman of the Board and the Chairman of the Executive Committee are acting as a leader in driving the organization towards sustainable development. The Board of Directors assigns to the Executive Committee, the Audit Committee and the Risk Management Committee are responsible for supporting and promoting the Company's operational activities to achieve goals and meet the needs of all stakeholders.

The Company has established a process for evaluating sustainability materiality issues in line with the organization's goals and strategies including consideration of stakeholder opinions and international sustainability standards. The process is as follows:

Materiality analysis and identification

The Company understands the context related to organizational sustainability and identifies key issues impacting its sustainability across economic, social, and environmental dimensions, including both internal and external factors. This is considered in relation to the risks and opportunities of the Company's business plan, industry trends, and the expectations of all stakeholders. Information is gathered from various responsible departments within the Company, as well as from national and global sustainability initiatives such as the United Nations Sustainable Development Goals (UN SDGs).

Assess and determine significant IROs related to sustainability matters

The Company assesses various issues to reflect environmental, social, and governance concerns that significantly impact the Company and its operations externally, value creation throughout the value chain, and the impact on the needs, expectations, and decision-making of stakeholders. This sustainability assessment is based on the Double Materiality principle, which considers two dimensions: Impact Materiality, analyzing current and potential future impacts (positive and negative) on society and the environment, assessed from the perspective of stakeholder expectations and operations throughout the value chain; and Financial Materiality, considering the risks and opportunities that may affect the Company's performance, development, and financial status.

Prioritize the most significant IROs related to sustainability matters

The Company prioritizes each issue by considering the most important actual and potential impacts, risks, and opportunities (IROs) related to sustainability. Targets are set after analyzing each issue to address future competition or changes, considering the organization's adaptability to lead the organization towards sustainability and progress. The Company assesses key issues with feedback from management and also solicits input from all stakeholder groups.

Preparation of work plans and designation of responsible persons

The Company will collect the results of the assessment of materiality issues to prepare a summary of important issues for the Company and prepare a work plan and specify the functions responsible.

Monitoring and evaluation

The Company will review the results of the assessment of materiality issues, opinions and suggestions from all stakeholder groups to develop the Company's operations as well as providing continuous control, monitoring and supervision to achieve the sustainability development plan that has been set out.

Results from the two-dimensional assessment of key sustainability issues in a Double Materiality Matrix form

The assessment results for key sustainability issues in a Double Materiality Matrix form with scores of 14 and higher indicate a highly significant sustainability concern. These include product and service quality, customer responsibility, customer relationship management, cybersecurity and data protection, and corporate governance. The Company has set sustainability management goals to address these relevant sustainability issues.

The Company has considered its sustainability management goals, aligning them with its business strategy and key sustainability priorities. The Board of Directors, executives, and employees are aware of and actively participate in sustainability initiatives. Progress is reported to the Risk and Sustainability Development Committee on regular basis. The Company has set its 2025 sustainability management goals as follows.

  • Product and service quality, customer responsibility, and customer relationship management, with the goal of achieving a customer satisfaction rating of 90 percent
  • Cybersecurity and data privacy protection, with the goal of achieving a cybersecurity score of B rating
  • Good corporate governance, aiming for zero incidents of fraud and corruption in all forms; an excellent rating in the corporate governance assessment under the Corporate Governance Report of Thai Listed Companies; and a score of 96 or higher for the quality of shareholders' meeting
  • Business operations focusing on climate change issues, including efficient resource use and reducing operating costs, with the goal of reducing electricity consumption, water usage, and greenhouse gas emissions by 1 percent compared to the previous year

The Company prioritizes setting sustainability goals and driving them towards tangible results, encompassing economic and governance, social, and environmental dimensions. The Company's sustainability management goals align with the United Nations Sustainable Development Goals (UN SDGs) to create sustainable value for stakeholders.

The Company has a credit term framework for its partners. The Company has a normal credit term framework of 45-60 days and a term not exceeding 120 days for special terms and conditions between the Company and its partners.