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.
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.
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 of materiality assessment of sustainability issues in accordance with the goals and long-term strategies of the organization including taking into account the opinions of stakeholders and international sustainability standards. The process is as follows:
Analysis and Identification of Key Issues
The Company identifies key issues affecting the Company's sustainability which covers economic, social and environmental dimensions both internal and external factors by considering the risks and opportunities of the Company's business plan, trend of the industry as well as the expectations of all stakeholders by collecting information from various departments of the Company including key sustainability issues of national and global sustainability such as the UN Sustainable Development Goals (UN SDGs), etc.
Prioritization of Important Issues
The Company prioritizes each issue including setting short-term and long-term goals by analyzing each issue for challenging or changing that will be occurred. The Company is taking into account the ability to adapt the organization in order to lead our organization for sustainability growth. The Company has assessed important issues by our management and our stakeholders as well provide fruitful comments.
Preparation of Working Plan and Assigning Responsible Persons
The Company will collect the results of the assessment of important issues for preparing a summary of the issues that are important to the Company and prepare a working plan and specify the responsible departments.
Monitoring and Evaluation
The Company will review the results of the assessment of important issues, comments and suggestions from all groups of stakeholders to develop the Company's operations as well as arrange for continuous controlling, monitoring and supervision system to achieve the sustainability development plan as setting target.
The Company has established a process to assess key sustainability issues to reflect environmental, social and governance issues that have a significant impact on the creation of value from business operations throughout the value chain, including the impact on expectations and the decision of the stakeholders. Sustainability issues are assessed based on two factors, that are the importance of sustainability issues to the organization's operations and the importance to stakeholders by considering the opportunities and impacts on the value creation of the Company covering the financial, business process and operation, corporate reputation, impact on customers, partners and employees including the impact and importance of creating value for stakeholders by assessing the level of sustainability materiality issues as follows:
Ranking Results of the Sustainability Issues
Sustainability Development Goals
The Company focuses on 14 UN Sustainability Development Goals (UN SDGs), namely Goals 1, 2, 3, 4, 5, 6, 8, 9, 10, 11, 12, 13, 16 and 17 to create sustainable value for all groups of stakeholders
Create Sustainable Growth and Returns
- Good corporate governance
- Fair business practices
- Supply chain management
- Innovation, products development and excellent services
Build Quality of Life and Create a Sustainable Society
- Being a Good Organization for Society
- Human Rights Principles
- Develop and Retain Personnel
- Safety and Occupational Health
Build Awareness and Responsibility to the Environment
- Efficiency Use of Resources
- Reduce Impact to Environment
