Climate Change Management
GPSC recognizes the risk and potential impacts from climate change and global warming. These impacts manifest themselves in different forms of natural disasters, such as storms, floods, rising sea levels, and drought, which have shown increasing severity and frequency. Such disasters may cause business disruptions in the form of water shortage for production or damage to operational sites.
Today’s global community places a high emphasis on climate change issues caused by human greenhouse gas emission activities. The United Nations Framework Convention on Climate Change (UNFCCC) was founded with the ultimate objective of stabilizing human-induced greenhouse gas concentrations at a level that will not harm the climate system and will allow time for ecosystems to adapt naturally to climate change. From the tenet of this Convention came guidance and a request for cooperation from individual countries to support the continuous reduction of greenhouse gas emissions. This then culminated in the Paris Agreement in 2015 with intensified efforts to limit the global average temperature rise to less than 2 degrees Celcius. The Paris Agreement also targets reaching a global peak in greenhouse gas emissions as soon as possible followed by rapid reductions thereafter and the utilization of the best available science to achieve a “balance between anthropogenic emissions by sources and removals by sinks of greenhouse gases.” Therefore, Thailand, as a member of the United Nations, takes part in the National Determined Contribution (NDC) which has set the goal of a 20-25% reduction in greenhouse gas emission by 2030, aligned with SGD 13: Climate Action. GPSC, as a member of the global community, is committed to providing our full support and collaborating enthusiastically with every sector to achieve the challenging goal of reducing greenhouse gas emissions by adopting the following climate change policy and management approach.
Climate Change Policy
GPSC has established a climate change policy with the expectation that every business unit throughout GPSC Group’s supply chain will adhere to the policy at each step of the project starting from planning and design, through to implementation and completion.
Download Climate Change PolicyDownload
Climate Change Management Approach
Climate Change Management Structure
Climate change management at GPSC is under the supervision of the executive team led by the Chief Executive Officer and with the CEO serving as president. The Sustainability and Climate Change Policy Division under the Corporate Sustainability Management Department has been designated the role of overseeing implementation of the climate change policy and strategies. Moreover, the Risk Management and Internal Control Division under the Corporate Strategy and Planning Department is responsible for assessing risks and business opportunities related to climate change. This structure demonstrates clear and comprehensive climate change management that covers all aspects of the business.
Climate Change Governance Structure
Climate Change Strategies to Reduce GHGs Emission of All Types from All Activities
GPSC is committed to proactive climate change management by aligning management strategies with the company’s corporate goals and mission as outlined below:
- Implement sustainable resource utilization based on the eco-efficiency principle by enhancing the efficiency of electricity and steam production process and adopting additional GHGs emission reduction measures.
- Identify research and development opportunities in electricity and steam production with renewable energy that is safe and environmentally friendly.
- Raise awareness and encourage participation GHGs reduction by having environmentally friendly operations and building engagement of both internal and external stakeholders in a sustainable manner.