Sustainability at a Glance

STECON GROUP and Sino-Thai Group work together with the community, society, and take responsibility for the environment to achieve sustainable growth.
Mr. Pakpoom Srichamni

Group Chief Executive Officer / President
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Sustainable Business Development Framework and Policy

Stecon Group Public Company Limited and its subsidiaries conduct business with a strong commitment to sustainable business development, emphasizing the creation of value towards Economy, Society, Environment, and Good Corporate Governance. This is in support of the company's vision and mission. Therefore, the company has established a sustainable business development policy that considers good corporate governance, social responsibility, and environmental stewardship, in line with international standards and as mandated by the Securities and Exchange Commission and the Stock Exchange of Thailand.

Sustainable Business Development Policy and Key Goals

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Economy

The company's key economic objective is to generate suitable and sustainable returns or profits from its operations by fostering growth in its existing business and seeking opportunities in new business ventures (New Business).

Good Corporate Governance

The company places great importance on conducting business fairly, transparently, and verifiably. It complies with ethical principles and considers the interests of its stakeholders, including shareholders. The company manages risks appropriately, develops innovations to enhance its capabilities, and is committed to sustainable and stable growth through good corporate governance policies and related practices as outlined by the Securities and Exchange Commission and the Stock Exchange of Thailand.

Society

The company conducts its business with a sense of responsibility towards society. It follows global work standards to minimize the potential impact of its operations. It considers the interests of stakeholders such as employees, business partners, customers, and communities. Additionally, the company places importance on safety, occupational health, and environmental conditions in the workplace. It respects human rights, invests in employee development, and contributes to various social initiatives such as education and disaster relief.

Environment

The company is environmentally conscious and takes climate change and environmental factors into account in its operations. It has established policies, practices, monitoring, and continuous development in environmental matters. The company provides knowledge and training related to relevant work standards, supports and promotes environmental conservation efforts, and aims to minimize its environmental and community impact resulting from its construction processes.

Key Goals for Sustainable Business Development

Stecon Group Public Company Limited and its subsidiaries set the main goal for sustainable business development in line with the Company's sustainable business development policy as following

Climate Change Goal

The Company is part of the drive towards the country's goal of reducing greenhouse gases. 20-25% compared to normal operations and aim for carbon neutrality in 2050.

Safety Goal

The number of work-related injuries resulting in lost time is 0/1,000,000 working hours (Lost Time Injuries Frequency Rate: LTIFR = 0)

Personnel Development Goal

Development of knowledge and skill of personnel through seminar and training on average not less than 10 hours/person/year.

Good Corporate Governance Goal

The Company has received a Corporate Governance Rating at the level of excellence from the survey on Corporate Governance of listed companies of the Thai Institute of Directors Association.

Developing sustainable businesses in various dimensions

Economics and Good Corporate governance Dimension

The Company’s key economic goal is to generate operating profit appropriately and continuously by conducting business in accordance with good corporate governance with transparency, fairness, verifiability, accountability for all stakeholders.

Developing sustainable businesses in various dimensions

Social Dimension

The Company operates our business with social responsibility. The Company has work standards to minimize potential impact on society and the Company’s business stakeholders, including employees, partners, customers, and communities near the construction site. In addition, the Company also places importance on giving assistance to society in various aspects such as education

Developing sustainable businesses in various dimensions

Environmental Dimension

The Company recognizes the operation by taking safety and environment into consideration. The Company has strictly established policy, guidelines, follow-up, and development plans on safety and environment.

Strategy to Sustainability

1

The Company has established business guidelines for sustainable development. The Company’s business operation must take responsibility for economic, social, environmental issues, and good corporate governance into account.

2

The development of work processes and the adoption of advanced technology to meet customer needs, enhance operational efficiency, control costs, mitigate operational impacts, and ensure sustainable business operations.

3

Fostering a culture of innovation within the organization to stimulate creativity and learning among employees. This approach encourages the development of inventions, technologies, software programs, or work methods. This initiative enhances business competitiveness, improves operational efficiency, adapts to business changes, and creates added value for sustainability."

4

Prioritizing maximum operational safety by establishing international safety standards to ensure the protection of employees and the community.

5

Continuous development of personnel capability to enhance efficiency and effectiveness in business operation, profitability, and the Company’s competitiveness.

6

Environmental management and greenhouse gas emissions control in business operations aim to minimize both direct and indirect environmental impacts while enhancing adaptability to climate change. These efforts contribute to improving business competitiveness, promoting sustainable growth, and optimizing resource efficiency, ensuring long-term stability and sustainability for the business.

7

Establishing community engagement guidelines to foster positive relationships, mutual understanding between the company and the community/society, and openness to feedback and suggestions, ensuring smooth business operations.

8

The company implements appropriate risk management to enhance operational efficiency, reduce business uncertainties, and strengthen adaptability to changes in the business environment. This approach builds confidence among investors and shareholders while promoting stable and sustainable growth for the company.

Our Sustainability Approach

To ensure the effective development of sustainable business practices, the company has examined its business value chain, which encompasses a diverse range of stakeholders. The company has analyzed key expectations prioritized by stakeholders and used the findings to identify material sustainability issues and establish the company’s sustainability strategy and operational framework.

Awards and Certifications for Sustainable Business Development

To ensure the effective development of sustainable business practices, the company has examined its business value chain, which encompasses a diverse range of stakeholders. The company has analyzed key expectations prioritized by stakeholders and used the findings to identify material sustainability issues and establish the company’s sustainability strategy and operational framework.