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 President - Thailand, Malaysia and Energy & Industrial Solutions 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, 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 to human rights, managing sustainable supply chain, and 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 0.28 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 | |
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 2024 | Performance 2025 | Target 2030 | |
|---|---|---|---|
| Driving Cleaner and Sustainable Growth | |||
| Renewable energy installed (percentage of total installed capacity) | 28% | 31% | >50% |
| Scope 1 & 2 GHG emission intensity (tCO2e/MWh) | 0.376 | 0.372 | <0.280 |
| Combined-cycle co-generation power plant: energy efficiency (percentage) | 52.1% | 52.1% | >50% |
| Solar power plant: capacity factor (percentage) | 15.9% | 15.4% | >15% |
| Wind power plant: capacity factor (percentage) | 32.0% | 34.4% | >27% |
| Customer satisfaction (percentage) | 97.0% | 97.7% | >95% |
| Keeping Society at Heart | |||
| STEM student beneficiaries (person)1,2 | 196,322 | 215,422 | 400,000 |
| Employees equipped with key skills for the future-ready organisation (percentage of total employees) | 54.4% | 63.2% | 100% |
| Employee engagement score | 83.2%3 | 83.7% | 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, 0.41 | 0.67, 0.72 | 0, 0 |
| In Harmony with Nature | |||
| Waste recycled (percentage of total waste generated) | 84.8% | 86.8% | 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 Employee engagement data for 2024 have been restated to align with the 2025 methodology for consistency and comparability
4 Reassess land use and perform biodiversity impact assessment
Cultural Integration and Knowledge Sharing
B.Grimm Power is committed to fostering a sustainability culture that is firmly embedded within the organisation through our annual ESG Day, which aims to enhance knowledge and understanding while cultivating sustainability DNA among employees at all levels, and reinforcing the role of each function in collectively driving B.Grimm Power towards our Net Zero ambition. In 2025, a total of 288 employees participated in both on-site and online formats, with 94 percent expressing satisfaction and affirming that the content was relevant to their roles. Furthermore, we continuously organises awareness-building initiatives, including "The Secret ESG" series, “Energy Saving Day”, and intensive workshops such as Internal Carbon Pricing (ICP) to strengthen understanding of carbon pricing mechanisms and support business decision-making that effectively contributes to greenhouse gas emission reduction targets.
Beyond strengthening our internal foundation, B.Grimm Power plays a proactive role in supporting the broader sustainability ecosystem across the business sector, regulators, and academic institutions. We have been honoured to serve as a member of the SET ESG Expert Pool by the Stock Exchange of Thailand, contributing best practices to enhance sustainability assessment performance in alignment with international standards, including sharing in-depth experience on the FTSE Russell ESG Scores assessment criteria to support Thai listed companies in effectively applying global benchmarks. We are also regularly invited to speak at national and regional forums, including Thailand Taxonomy 2.0: Driving The Thai Economy towards Sustainability, Earth Jump 2025: Transition Thru Turbulence , and the ASEAN - New Zealand Roundtable on the Green Agenda: Working Towards A Sustainable and Green Future, to exchange perspectives and advance the Green Agenda at the international level. In parallel, our representatives have delivered lectures at leading institutions such as Chulalongkorn University, Mahidol University International College, and the National Institute of Development Administration (NIDA) on sustainability, energy transition, and business practices aligned with Net Zero ambitions, strengthening collaboration between the private sector and academia. These engagements reflect our leadership role in advancing sustainable development at a broader, systemic level.