Sustainability Governance
B.Grimm Power is dedicated to fostering long-term business growth, considering the benefits and impacts on stakeholders. We believe that establishing a robust and balanced foundation for sustainability governance, with appropriate oversight and accountability, will enable the organisation to drive sustainable business operations efficiently.
The Corporate Governance and Sustainability Committee (CGSC) shoulders the responsibility and accountability of overseeing sustainability across all aspects: economic, environmental, social, and governance. This dedicated committee provides recommendations, reviews and revises relevant policies, strategies, operational plans, and organisational sustainability goals. They also rigorously monitor and oversee the disclosure of sustainability information in line with established principles and international standards. To ensure transparency and accountability, the CGSC regularly reports to the Board of Directors.
In terms of management, the Management Committee establishes strategies, operational plans, and sustainability goals, monitoring progress towards organisational objectives. To further elevate sustainability efforts, B.Grimm Power has a dedicated Sustainability and Climate Management department, within the Corporate Sustainability division, which reports to Co-President - Thailand Business and Energy & Industrial Solution Business. This department promotes sustainable operations, ensuring effective implementation of strategies and plans to achieve organisational goals. By fostering close collaboration with each department, they embed sustainability into daily workflows, enhancing knowledge and monitoring progress. Regular progress reports, delivered to the Management Committee, and Corporate Governance and Sustainability Committee at least 3 times annually, to ensure transparency and accountability.
Sustainability Strategy
Aligned with the company’s vision of “Empowering the World Compassionately”, B.Grimm Power’s sustainability strategy addresses key materiality issues. It is focused on driving long-term business growth while delivering positive impacts to all stakeholders throughout the value chain in a fair and equitable manner. This strategy is closely aligned with the United Nations’ Sustainable Development Goals (SDGs). The sustainability strategy for the years 2023 to 2030 is as follows:
The core strategy focuses on driving cleaner and sustainable growth, keeping society at heart in harmony with nature, which is closely linked to our business and addresses the materiality issues for both B.Grimm Power and its stakeholders. We have set our management approach, targets, performance tracking and evaluation, to ensure significant value creation.
Sustainable growth is built upon a strong foundation. Therefore, we place importance on fundamental components such as protecting cybersecurity & data privacy, respecting human rights, managing sustainable supply chain, conducting corporate governance, and engaging with stakeholders.
Sustainability Strategy for the Years 2023 to 2030
Sustainability Targets 2023 to 2030
Driving Cleaner and Sustainable Growth
      |
Increase renewable energy output share substantially by 2030 in line with 2.0°C pathway |
| Increase renewable energy to >50% of installed capacity by 2030 | |
| Achieve Scope 1 and 2 GHG emissions intensity of less than 0.280 tCO2e/MWh by 2030 | |
| Foster internal and external innovation for energy transition | |
| Maintain energy efficiency rate of >50% annually | |
| 27% wind power capacity factor and 15% solar power capacity factor by 2030 | |
| Achieve over 95% of satisfied customers annually | |
Keeping Society at Heart
 |
Support Thailand's sports, health, and arts practitioners towards world-class performance |
| 400,000 STEM student beneficiaries by 2030 | |
| 100% of employees equipped with key relevant skills for the future-ready organisation by 2030 | |
| Enhance employee engagement score to 85% by 2030 | |
| Zero Lost Time Injuries and Zero Fatalities | |
In Harmony with Nature
  |
Commit to increase recycled waste to 88% by 2030 |
| Contribute to solar panel waste circularity by 2040 | |
| 100% compliance with wastewater discharge regulations | |
| 100% compliance with air emission regulations | |
| Net Positive Impact on Biodiversity | |
| No Net Deforestation |
Sustainability Performance Highlights
| Performance 2023 | Performance 2024 | Target 2030 | |
|---|---|---|---|
| Driving Cleaner and Sustainable Growth | |||
| Renewable energy installed (percentage of total installed capacity) | 27% | 28% | >50% |
| Scope 1 & 2 GHG emission intensity (tCO2e/MWh) | 0.375 | 0.376 | <0.280 |
| Combined cycle co-generation power plant: energy efficiency (percentage) | 52.1% | 52.1% | >50% |
| Solar power plant: capacity factor (percentage) | 15.6% | 15.9% | >15% |
| Wind power plant: capacity factor (percentage) | 31.2% | 32.0% | >27% |
| Customer satisfaction (percentage) | 97.7% | 97.0% | >95% |
| Keeping Society at Heart | |||
| STEM student beneficiaries (person)1,2 | 178,623 | 196,322 | 400,000 |
| Employees equipped with key relevant skills for the future-ready organisation (percentage of total employees) | 40% | 54% | 100% |
| Employee engagement score | 78% | 82% | 85% |
| Fatality Rate in employees and contractors (times per million working hours) | 0, 0 | 0, 0 | 0, 0 |
| Lost-Time Injury Frequency Rate (LTIFR) in employees and contractors (times per million working hours) |
0, 1.35 | 0, 0.41 | 0, 0 |
| In Harmony with Nature | |||
| Waste recycled (percentage of total waste generated) | 84.3%3 | 84.8% | 88% |
| Sites undergo biodiversity impact assessments every 5 years4 (percentage of total sites) | 100% | 100% | 100% |
| Sites implemented biodiversity action plan (percentage of total sites with identified biodiversity exposure) | 100% | 100% | 100% |
Remark:
1 The cumulative amount since the beginning of the project in the year 2010
2 Science, Technology, Engineering, and Mathematics
3 Exclude non-recurring items which disposed by B.Grimm Power (out of contractor scope) from ABP1 and BGPM1-2 decommissioning. The recycling rate in 2023 was 77.8 percent by including those items
4 Reassess land use and perform biodiversity impact assessment