Thai Beverage PCL

Attach commitment or position statement(s)[…]TCFD Report: "Thai Beverage Public Company Limited (ThaiBev or Company) recognizes the need to accelerate its actions to address the climate crisis, while contributing to global efforts to limit the global temperature increase to below 1.5°C as part of its contribution to the Paris Agreement, and to improve the Company's resilience to potential climate impacts. The Company recognizes the importance of managing climate-related risks, as well as maximizing the opportunities from climate change, to ensure a sustainable long-term future for its food and beverage operations. In doing so, ThaiBev engages with direct and indirect value chain parties to help them align their activities with the Paris Agreement and international best practices.

Describe the process(es) your organization has in place to ensure that your engagement activities are consistent with your overall climate change strategy[…]The SRMC is responsible for determining the ThaiBev Group's sustainability and risk management policy and levels of acceptable risk before proposing them to the Board for consideration and approval, as well as establishing the sustainability and risk management framework, organizational strategy and resources used for sustainability and risk management in line with the aforementioned policies. Senior executives of product groups and key business units, who are the SRMC member, have responsibility to oversee their respective unit in developing sustainability and managing risks at acceptable level and in accordance with the approved policy and framework, through designing, implementing and monitoring sustainability and risk management processes, including reporting the results to the SRMC on a quarterly basis. The executives act as role models in sustainability and risk management by communicating its significance to employees, fostering practical implementation and promoting the corporate sustainability and risk management culture to ensure the achievement of the Company objectives.

Describe the process(es) your organization has in place to ensure that your external engagement activities are consistent with your climate commitments and/or climate transition plan?[…]The SRMC is responsible for determining the ThaiBev Group's sustainability and risk management policy and levels of acceptable risk before proposing them to the Board for consideration and approval, as well as establishing the sustainability and risk management framework, organizational strategy and resources used for sustainability and risk management in line with the aforementioned policies. Senior executives of product groups and key business units, who are the SRMC member, have responsibility to oversee their respective unit in developing sustainability and managing risks at acceptable level and in accordance with the approved policy and framework, through designing, implementing and monitoring sustainability and risk management processes, including reporting the results to the SRMC on a quarterly basis. The executives act as role models in sustainability and risk management by communicating its significance to employees, fostering practical implementation and promoting the corporate sustainability and risk management culture to ensure the achievement of the Company objectives.

Does your organization have a public commitment or position statement to conduct your engagement activities in line with the goals of the Paris Agreement?[…]Yes