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 Corporate Sustainability department reporting directly to the Senior Executive Vice President of Investment, Innovation, and Sustainability. 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 three times annually, ensure transparency and accountability.
Sustainability Strategy
B.Grimm Power’s sustainability strategy, conforming to the “Empowering the World Compassionately” vision, consists of key strategic directions for value creation and the robust sustainability-focused foundations. The strategy addresses materiality issues of the company, focuses on delivering long-term business growth and positive impacts to all stakeholders along the value chain in a fair and equitable manner. This aligns with the sustainable development goals of the United Nations (UN SDGs).
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 to human rights, managing sustainable supply chain, and conducting corporate governance and engaging with stakeholders.
Sustainability Strategy for the Years 2023 to 2030
| Target 2023 - 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 net emissions intensity of less than 0.28 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 | |
Delivering Value to Society
 |
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 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 to wastewater discharge regulations | |
| 100% compliance to air emission regulations | |
| Net Positive Impact on Biodiversity | |
| No Net Deforestation | |
Performance Highlights
| Performance 2022 | Performance 2023 | Target 2030 | |
|---|---|---|---|
| Driving cleaner and sustainable growth | |||
| Renewable energy installed (% of total installed capacity) | 25% | 27% | >50% |
| Scope 1 & 2 net GHG emission intensity (tCO2e/MWh) | 0.38 | 0.37 | <0.28 |
| Combined-cycle cogeneration plant: energy efficiency (%) | 50.5% | 52.1% | >50% |
| Solar power: capacity factor (%) | 15.7% | 15.6% | >27% |
| Wind power: capacity factor (%) | 28.3% | 31.2% | >15% |
| Customer satisfaction (%) | 95.7% | 97.7% | >95% |
| Keeping society at heart | |||
| STEM student beneficiaries STEM (person)1,2 | 160,850 | 178,623 | 400,000 |
| Employees equipped with key relevant skills for the future-ready organisation (% of total employees) | 30% | 40% | 100% |
| Employee engagement score | 78% | 78% | 85% |
| Fatality Rate in employees and contractors | 0, 0 | 0, 0 | 0, 0 |
| Lost-Time Injury Frequency Rate (LTIFR) in employees and contractors (times per million working hours) |
0, 0 | 0, 1.25 | 0, 0 |
| In harmony with nature | |||
| Waste recycled (% to total waste generated) | 84.8% | 84.3%3 | 88% |
| Sites received biodiversity impact assessment every 5 years4 (% to total sites) | 100% | 100% | 100% |
| Sites implemented biodiversity restoration in case of those with biodiversity exposure assessment (% to total sites with 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 the non-recurring items of waste disposal from plant decommissioning (ABP1), directly handled by the company (beyond contractor scope). Including the non-recurring item, the recycled waste was 75 percent to total waste generated in 2023.
4 Reassess land use and perform biodiversity impact assessment4 Reassess land use and perform biodiversity impact assessment.
