Materiality Assessment and the Definition of Impact on Stakeholders
The Company analyzed and prioritized material ESG topics by considering their impacts on, and significance to, the Company and its internal and external stakeholders. In accordance with the Double Materiality approach, the analysis considered both financial and non-financial impacts on the Company and external stakeholders through an assessment of risks, opportunities, and positive and negative impacts across the environmental, social, economic, and governance dimensions. The assessment was based on internationally recognized sustainability reporting criteria, namely the GRI Standards 2021, and incorporated input from experts and all stakeholder groups to ensure comprehensive coverage of both business impacts and impacts on society and the environment. The Company has also incorporated the assessment of material ESG topics into its Enterprise Risk Management process and places importance on identifying risks and establishing appropriate risk response or management plans to further develop sustainable management practices.
Process
1
Review and Identification of Material ESG Topics
The Company reviewed the material ESG topics identified in the previous year by studying and analyzing global and industry-level sustainability trends. This included examining the material topics identified by companies in the same industry with reference to sustainability standards, assessing relevant topics across different activities, and considering economic and legal trends that could affect the Company’s operations. The Company plans to review and identify its material ESG topics annually.
2
Identification of Impacts Arising from Each Material ESG Topic
The Company identified the impacts or various contexts that could arise from each material ESG topic and affect the Company’s operations and relevant external stakeholders through interviews and opinion surveys covering nine stakeholder groups: investors and shareholders, customers, employees, government agencies, suppliers, business partners, communities, financial institutions, and the media. Stakeholders provided their views on the various contexts of each material ESG topic, including positive and negative impacts, as well as risks and opportunities that could affect the Company’s operations in the short and long term. This also covered positive and negative impacts that had actually occurred (Actual) or could potentially occur in the future (Potential).
3
Assessment of Material ESG Topics
The Company assessed the impacts on its business and on external society based on the various contexts collected through stakeholder interviews and surveys. The assessment considered both sustainability impact dimension (Impact Materiality) and the financial impact dimension (Financial Materiality), as detailed below:
- Impact Materiality Assessment: Positive and negative impacts were assessed by considering their scale (Scale), including the severity of potential impacts on the environment and society; the extent of the impacts (Scope); the ability to remedy negative impacts (Remediability); and the likelihood of such impacts occurring (Likelihood)
- Financial Materiality Assessment: Opportunities and risks were assessed by considering their impacts on financial matters (Financial), reputation (Reputation), internal operations (Internal Operation), and their likelihood of occurrence (Likelihood)
4
Prioritization and Validation of Material ESG Topics
The Company compiled the scores and prioritized the material ESG topics based on an analysis of the impacts associated with each topic, considering both Impact Materiality and Financial Materiality for the Company. The results were plotted on a materiality matrix and classified into three priority groups: 1) Strategic ESG Topics, 2) Fundamental ESG Topics, and 3) Other ESG Topics. The Company then submitted the prioritization results to management and external experts for their review and feedback. Finally, the results were presented to the Management Committee for consideration and approval of their disclosure and incorporation into the development of sustainability strategies, targets, and action plans.
Materiality Assessment Results
Based on its assessment of material ESG topics, which considered impacts on the Company across the environmental, social, economic, and good corporate governance dimensions, together with the expectations of, and impacts on, external stakeholders, the Company reviewed and prioritized a total of 15 topics in 2025 and found that:
| 5 topics were classified as Strategic ESG Topics; | 6 topics were classified as Fundamental ESG Topics; and | 4 topics were classified as Other ESG Topics |
|---|---|---|
| Topics that are significant to the Company’s short- and long-term strategies and serve as key drivers of business growth, value creation, and positive impacts on society and the environment, or give rise to significant opportunities and risks for the Company. These topics reflect the matters prioritized by the Company’s internal and external stakeholders. | Topics related to the Company’s operations that are essential to responsible corporate governance; compliance with applicable laws, regulations, standards, and practices; and the maintenance of the Company’s License to Operate. These topics must be managed through strictly established policies, operating procedures, and internal control systems to mitigate potential risks to the Company or negative impacts on society and the environment outside the organization. | Other topics that support the achievement of the Company’s strategic objectives by improving operational efficiency and strengthening the effectiveness of risk management across its projects and operations. |
- Environment
- Social
- Economic and Governance
Circle size reflects the level of impact and financial value.
- High
- Medium
- Low
List of Material Topics
| Environment | Social | Economic and Governance |
|---|---|---|
| Strategic ESG Topics | ||
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| Fundamental ESG Topics | ||
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| Other ESG Topics | ||
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Impacts of Strategic ESG Topics on the Company and Stakeholders
Strategic ESG Topics
Transition-Aligned Investment
- GRI 201: Economic Performance 2016
- GRI 302: Energy 2016
- GRI 305: Emission 2016
Key Stakeholders
Investors / Shareholders
Communities
Customers
Government Agencies
Financial Institutions
Impacts on the Company
Opportunities
Increasingly stringent climate change and clean energy policies at both global and national levels are continuously driving demand for renewable energy and greenhouse gas emission reduction technologies. This provides the Company with opportunities to expand its investments in clean energy businesses and related infrastructure, thereby enhancing its long-term revenue-generating potential and supporting access to green finance and related financial instruments, such as carbon credits. It also strengthens investor confidence and enhances the Company’s competitiveness.
Risks
Changes in policies, regulations, and market mechanisms related to greenhouse gas emission reductions, such as carbon taxes, emission control measures, and the trend toward reduced reliance on fossil fuels, may increase the operating costs of natural gas power plant projects. They may also heighten risks relating to competitiveness, asset values, and long-term returns on investment.
Impacts on Stakeholders
Positive Impacts
- The development of clean energy and greenhouse gas emission reduction technologies enables stakeholders, particularly communities, customers, and government agencies, to access stable, safe, and environmentally friendly energy sources. It also reduces reliance on fossil fuels and supports the achievement of the country’s long-term greenhouse gas emission reduction targets.
- The generation and distribution of affordable solar energy enable people and communities to gain wider access to clean energy, strengthen energy security, reduce long-term energy costs, and support the transition to a low-carbon economy.
Negative Impacts
A high proportion of gas-fired power plants in the Company’s portfolio may cause the Company to be perceived as a business exposed to environmental risks, or a Brown Business. This could affect investor confidence, access to financing, and the Company’s image as a clean energy operator, potentially affecting the Company’s value and long-term returns to shareholders and investors.
Management Approach for Material ESG Topics
- Energy management and approaches to climate change response and adaptation
Strategic ESG Topics
Biodiversity and Ecosystems
- GRI 101: Biodiversity 2024
Key Stakeholders
Financial Institutions
Communities
Customers
Impacts on the Company
Opportunities
Effective natural resource management and biodiversity protection, including Environmental Impact Assessments (EIAs), biodiversity area assessments, and impact prevention measures, can enhance credibility and trust among stakeholders by demonstrating the Company’s comprehensive environmental consideration in developing energy projects. This may support the development of new projects and access to sustainable financing.
Risks
The development of power plant projects may face risks arising from increasingly stringent environmental and biodiversity regulations. This could increase the Company’s capital and operating expenses, extend project development periods, and result in complaints or opposition from local communities if impact assessment processes, communication, and impact mitigation measures are not comprehensive or appropriate.
Impacts on Stakeholders
Positive Impacts
Conducting business with due consideration for biodiversity helps sustainably conserve and restore ecosystems within project areas and surrounding areas, reduce impacts on natural resources, and promote long-term ecological balance. It also creates value for stakeholders, particularly communities through the preservation of local resources, employees through the development of environmental management knowledge and skills, and business partners through the promotion of shared sustainability practices.
Negative Impacts
The use and alteration of land for solar power plant development may disrupt existing land use, cause the loss of natural areas, and have long-term impacts on ecosystems, water flow paths, and biodiversity. Without appropriate site selection and impact prevention and mitigation measures, such development could also affect surrounding communities.
Management Approach for Material ESG Topics
- Biodiversity management
Strategic ESG Topics
Risk and Business Continuity Management
Key Stakeholders
Investors / Shareholders
Customers
Employees
Suppliers
Government Agencies
Impacts on the Company
Opportunities
- Systematic Risk and Business Continuity Management that comprehensively covers risks such as natural disasters, public health emergencies, geopolitical uncertainty, and supply chain volatility enhances the Company’s preparedness to respond promptly to potential crises. It reduces operational impacts, maintains continuity in production and service delivery, increases stakeholder confidence, particularly among investors, suppliers, and customers, and enhances the Company’s competitiveness.
- Comprehensive employee health and safety management, particularly in relation to epidemics and other emergencies, can build confidence both within the organization and among suppliers and investors, enabling the business to continue operating even during a crisis.
Risks
- Operating in multiple countries exposes the Company to risks arising from geopolitical uncertainty (Geopolitics), supply chain disruption, and exchange rate volatility, which may affect the Company’s investments and returns on investment.
- Climate change is increasing the severity and frequency of natural disasters, such as floods, droughts, and heatwaves. These events may affect power plant operations, resource availability, and power generation efficiency, thereby affecting business continuity. They may also cause damage to assets, reduce revenue, and increase maintenance and adaptation costs.
Impacts on Stakeholders
Positive Impacts
Regular emergency drills, occupational health and safety training, and the continuous development of a safety culture help protect the lives and property of employees, suppliers, and communities surrounding project areas, reduce accident risks, and foster a safe working environment.
Negative Impacts
- Disruptions to operations or interruptions in power generation may affect the energy security of customers and communities and cause damage to economic activities in the area.
- Emergencies or serious accidents that are not appropriately managed may affect the lives and property of employees, suppliers, and surrounding communities.
Management Approach for Material ESG Topics
- Risk and Business Continuity Management
Strategic ESG Topics
Innovation and Digitalization
Key Stakeholders
Customers
Communities
Investors / Shareholders
Business Partners
Financial Institutions
Impacts on the Company
Opportunities
Investment in and application of digital technologies and innovation to power generation and infrastructure management help improve efficiency, reduce costs, and facilitate the development of new products or services, such as smart grids, artificial intelligence (AI), distributed data storage technology (Blockchain), and microgrids. These factors not only support revenue growth and create strategic advantages but also strengthen long-term investor confidence.
Risks
Investment decisions involving rapidly evolving technologies may cause assets or projects in which the Company has already invested to become obsolete before the end of their useful lives. Investments in technologies that are still at an early stage, involve a high degree of uncertainty, or cannot be commercially developed as expected may result in uneconomical costs or financial opportunity costs, affecting returns on investment and reducing the Company’s competitiveness compared with competitors that can adapt and select technologies more effectively.
Impacts on Stakeholders
Positive Impacts
- Collaboration with industry partners, educational institutions, and government agencies helps strengthen the innovation ecosystem, promote knowledge sharing, and accelerate the development of technologies that address the needs of stakeholders across all sectors.
- Innovation and Digitalization enhance the efficiency and resilience of energy systems, enabling customers and society to access more stable, higher-quality, and more sustainable energy while supporting the long-term transition to a low-carbon energy system.
Negative Impacts
If investments in innovation and digital technologies fail to generate returns or align with the Company’s business direction, the Company may be unable to create new revenue streams or achieve its efficiency improvement targets. This could result in lower-than-expected operating growth and affect shareholder returns and long-term stakeholder confidence.
Management Approach for Material ESG Topics
- Enhancement of the renewable energy business and creation of market expansion opportunities.
Strategic ESG Topics
Business Adaptability
Key Stakeholders
Suppliers
Investors / Shareholders
Customers
Financial Institutions
Impacts on the Company
Opportunities
- Business adaptability enables the Company to adjust its investment portfolio in response to changes in the energy industry and global trends, such as the transition to clean energy, the growth of digital infrastructure, and increasing electricity demand from emerging business sectors, including data centers. These developments create opportunities to establish new revenue streams and achieve sustainable long-term growth.
- Investment diversification enables the Company to access new business opportunities, such as energy storage, smart grids, and power generation for data centers. It reduces the risks associated with dependence on any single market or technology, increases flexibility in portfolio management, and enhances the Company’s competitiveness.
- The Company’s ability to monitor, adapt to, and comply promptly with new laws or standards helps reduce legal risks, creates opportunities to access new markets or projects, and enhances credibility among investors, suppliers, and regulatory authorities.
Risks
- If the Company is unable to adapt promptly to changes in external factors, such as regulations, energy policies, technologies, and market conditions in each country, its project development, returns on investment, and stakeholder confidence may be affected.
- Differences in and the complexity of regulations across the countries in which the Company invests may create uncertainty regarding revenue and costs. Examples include changes in carbon tax policies in the United States, which may affect project expenses, and uncertainty surrounding energy policies in Thailand, such as Power Purchase Agreement (PPA) conditions or the fuel adjustment charge (Ft), which may affect long-term revenue.
- Increasing competition in renewable energy markets and the risk of oversupply may place pressure on investment returns and reduce the Company’s competitiveness.
Impacts on Stakeholders
Positive Impacts
Operating an energy business with a diversified portfolio of energy sources and business types helps strengthen the stability of the Company’s operating and financial performance over the medium to long term. It reduces volatility arising from external factors, such as government policies and market conditions; increases investor confidence through stable returns; strengthens job security and opportunities for employee capability development; and reinforces the confidence of suppliers and business partners in their collaboration with the Company.
Negative Impacts
If the Company cannot adapt promptly to changes in the industry, policies, and market conditions, it may miss growth opportunities and be unable to generate the returns expected by shareholders, thereby affecting investor confidence.
Management Approach for Material ESG Topics
- Enhancement of the renewable energy business and creation of market expansion opportunities
Impacts of Fundamental ESG Topics on the Company and Stakeholders
Fundamental ESG Topics
Air Quality and Pollution Management
- GRI 306: Waste 2020
Key Stakeholders
Communities
Government Agencies
Customers
Employees
Suppliers
Investors / Shareholders
Financial Institutions
Impacts on the Company
Opportunities
Solar and wind power generation helps reduce air pollutant emissions and aligns with increasingly stringent environmental regulations and policies. This provides the Company with opportunities to access clean energy projects and new long-term revenue streams while increasing confidence among investors and financial institutions.
Risks
Pollutant emissions or environmental impacts that do not meet societal expectations may affect the Company’s image, stakeholder confidence, and community acceptance, as well as its ability to develop new projects.
Impacts on Stakeholders
Positive Impacts
The generation and distribution of electricity from clean energy sources help reduce fossil fuel consumption and emissions of particulate matter, smoke, and greenhouse gases, thereby improving air quality in society at large.
Negative Impacts
Environmental impacts arising from project operations, such as noise pollution, dust, or pollutant emissions during construction and operations, may affect the quality of life and well-being of surrounding communities.
Management Approach for Material ESG Topics
- Air pollution management
Fundamental ESG Topics
Local Communities and Human Rights
- GRI 413: Local Communities 2016
Key Stakeholders
Communities
Customers
Investors / Shareholders
Government Agencies
Impacts on the Company
Opportunities
Appropriate community engagement and respect for human rights help strengthen project acceptance, or the Social License to Operate, reduce social risks, and build long-term relationships with communities. This enables the Company to develop and operate projects smoothly while strengthening stakeholder confidence and supporting sustainable growth.
Risks
If project operations do not adequately consider human rights and impacts on communities, they may lead to complaints, protests, or opposition, which could affect project development, business continuity, corporate image, and the Company’s ability to invest in various areas over the long term.
Impacts on Stakeholders
Positive Impacts
Operations that take communities and human rights into consideration help improve local quality of life and economic conditions through employment, infrastructure development, and community support activities. This builds confidence, reduces conflict, and strengthens sustainable relationships among the Company, its employees, and surrounding communities.
Negative Impacts
Project development that does not comprehensively consider community well-being may cause communities to lose areas used for their livelihoods and housing. This could affect human rights and community ways of life, create conflict and inequality, and reduce long-term project acceptance.
Management Approach for Material ESG Topics
- Community and social development engagement
Fundamental ESG Topics
Human Capital Recruitment, Development and Retention
- GRI 401: Employment 2016
- GRI 402: Labor/Management Relations 2016
- GRI 404: Training and Education 2016
- GRI 405: Diversity and Equal Opportunity
- GRI 406: Non-discrimination 2016
- GRI 407: Freedom of Association and Collective Bargaining 2016
- GRI 408: Child Labor 2016
- GRI 409: Forced Compulsory Labor 2016
Key Stakeholders
Employees
Impacts on the Company
Opportunities
Developing and retaining personnel whose capabilities and skills align with the Company’s business direction helps improve operational efficiency, support business expansion and investment diversification into new businesses, and enhance the Company’s ability to achieve its financial targets and long-term growth.
Risks
Investment in employee skills development requires substantial resources and budgets. If the Company cannot retain capable personnel or transfer knowledge effectively, it may lose organizational knowledge, incur higher recruitment and development costs, and experience impacts on project continuity, operational efficiency, and its long-term growth capacity.
Impacts on Stakeholders
Positive Impacts
Continuous development and enhancement of employee capabilities enable employees to adapt to future changes in the energy industry and technology, increase their career advancement opportunities, and develop skills aligned with emerging business needs. This results in greater work efficiency while improving employees’ quality of life and long-term job security.
Negative Impacts
Stringent employee selection and retention processes may reduce employment and career advancement opportunities for applicants and the general workforce, potentially contributing to inequality in the labor market and society.
Management Approach for Material ESG Topics
- Internal personnel development and employee retention
Fundamental ESG Topics
Occupational Health and Safety
- GRI 403: Occupational Health and Safety 2018
Key Stakeholders
Employees
Suppliers
Customers
Impacts on the Company
Opportunities
Emergency drills, occupational health and safety training, and the continuous development of a safety culture help protect the lives and property of employees, suppliers, and communities surrounding project areas, reduce accident risks, and build confidence in a safe working environment.
Risks
Ineffective management may lead to serious accidents or incidents affecting lives and property, potentially disrupting operations, damaging property, and increasing operating costs.
Impacts on Stakeholders
Positive Impacts
Effective management helps protect the lives and health of employees, suppliers, and communities surrounding project areas, reduce accident risks, and create a safe working environment. This strengthens confidence in and engagement with the organization while supporting stakeholders’ long-term quality of life and well-being.
Negative Impacts
Serious accidents or failure to comply with safety standards may have severe consequences for employees, suppliers, and communities surrounding project areas, including injury or death. They may also affect stakeholders’ confidence, sense of safety, and overall well-being.
Management Approach for Material ESG Topics
- Safety, occupational health, and working environment management
Fundamental ESG Topics
Corporate Governance, Conduct and Ethics
- GRI 2: General Disclosure 2021
- GRI 205: Anti-corruption 2016
- GRI 206: Anti-competitive Behavior 2016
Key Stakeholders
Employees
Suppliers
Investors / Shareholders
Customers
Communities
Government Agencies
Business Partners
Financial Institutions
Media
Impacts on the Company
Opportunities
Transparent operations and a robust anti-corruption system help strengthen confidence among investors, suppliers, and business partners, support access to financing, and enhance the Company’s credibility. These are important factors supporting its long-term growth and competitiveness.
Risks
- If the Company’s ethics and corporate governance management is not sufficiently robust, resulting in corruption or non-compliance with the Code of Conduct, it may severely affect the Company’s reputation and value and undermine the confidence of investors and stakeholders.
- Non-transparent or insufficient communication or disclosure may lead to negative interpretations by the public and the media, affecting the Company’s credibility, stakeholder relationships, and long-term ability to conduct business.
Impacts on Stakeholders
Positive Impacts
Conducting business transparently and fairly while considering stakeholders’ interests helps support long-term relationships with customers, suppliers, and society and raises ethical and corporate governance standards throughout the value chain.
Negative Impacts
Conducting business without considering stakeholders’ interests may cause stakeholders, such as customers, suppliers, or society at large, to lose confidence in the organization, experience violations of their individual rights or unfair treatment, or become uncertain about the organization’s transparency and fairness.
Management Approach for Material ESG Topics
- Good corporate governance and the Code of Conduct
Fundamental ESG Topics
Cybersecurity Maintenance
Key Stakeholders
Customers
Business Partners
Suppliers
Employees
Impacts on the Company
Opportunities
An effective cybersecurity system helps protect the organization’s critical data and systems, reduce the risk of operational disruption, and support business continuity, particularly amid the increasing use of digital technologies and automated systems.
Risks
The rapid development of digital technologies and AI is increasing the range and complexity of cyber threats, including system attacks, unauthorized access to information, and corporate data espionage. These threats may cause operational disruption, damage to critical data, and system recovery costs.
Impacts on Stakeholders
Positive Impacts
- Giving importance to cybersecurity standards helps protect the information of employees, customers, suppliers, and other relevant stakeholders.
- Strengthening employees’ cybersecurity skills enables them to apply their knowledge both at work and in their daily lives.
Negative Impacts
Neglecting cybersecurity may lead to the leakage of personal data or critical information belonging to customers, suppliers, or other stakeholders. This may result in risks of rights violations, financial losses, or the improper use of information.
Management Approach for Material ESG Topics
- Good corporate governance
Impacts of Other ESG Topics on the Company and Stakeholders
Other ESG Topics
Water Management
- GRI 303: Water and Effluent 2018
Key Stakeholders
Communities
Government Agencies
Investors / Shareholders
Customers
Financial Institutions
Impacts on the Company
Opportunities
Effective water management enhances operational security by reducing the long-term risk of water scarcity and supporting the continuity of power generation, particularly in the context of climate change causing fluctuations in water resources.
Risks
Climate change and increasing water demand may lead to water scarcity or uncertainty in access to water sources. This could result in competition over water use with communities and the agricultural and industrial sectors, potentially causing stakeholder conflicts, affecting the Company’s Social License to Operate, and increasing regulatory and corporate image risks.
Impacts on Stakeholders
Positive Impacts
Efficient and responsible water resource management helps maintain a balance in water use between projects and communities, reduce impacts on local water resources, and support long-term water security. This benefits community quality of life, agricultural livelihoods, and overall stakeholder confidence.
Negative Impacts
Inappropriate water management may lead to competition for water between projects and communities, affecting the well-being, agricultural activities, and economic activities of local communities
Management Approach for Material ESG Topics
- Water resource management
Other ESG Topics
Waste Management
- GRI 306: Waste 2020
Key Stakeholders
Communities
Government Agencies
Customers
Investors / Shareholders
Financial Institutions
Impacts on the Company
Opportunities
Effective waste management throughout the project life cycle, including the management of end-of-life solar panels (Used PV / End-of-Life Management), supports regulatory compliance and creates opportunities to develop circular economy business models, such as material reuse. This may reduce long-term costs and enhance the Company’s competitiveness.
Risks
- Waste management that does not meet applicable standards or lacks an appropriate waste management system may create environmental, regulatory, and corporate image risks, affect stakeholder confidence, and impair the Company’s ability to develop new projects.
- Increasingly stringent waste management regulations, including requirements for managing end-of-life solar panels, may increase operating and investment costs and add complexity to long-term project management.
Impacts on Stakeholders
Positive Impacts
Developing systems for managing hazardous waste and end-of-life solar panels in collaboration with suppliers helps raise waste management standards in the energy industry, benefiting communities and society through greater safety and improved environmental quality.
Negative Impacts
Inappropriate management of damaged or end-of-life solar panels may affect the environment and surrounding communities through chemical contamination, the accumulation of hazardous waste, and impacts on public health.
Management Approach for Material ESG Topics
- Waste and pollution management
Other ESG Topics
Product & Service Quality
Key Stakeholders
Customers
Investors / Shareholders
Financial Institutions
Business Partners
Impacts on the Company
Opportunities
Maintaining the stability of power generation systems, continuity of service, and high safety standards helps strengthen confidence among customers and regulatory authorities, supports the retention of long-term contracts, and enhances the Company’s competitiveness in the energy market. It also supports business expansion into new customer segments that prioritize energy reliability and quality, such as data centers.
Risks
Power plant instability, system disruptions, or a lack of rigor in project management may interrupt service delivery, affecting the Company’s revenue, customer relationships, and ability to fulfill its contractual obligations.
Impacts on Stakeholders
Positive Impacts
- Delivering stable, safe, and high-quality energy enables customers and businesses to operate continuously, reduces the risk of system disruptions, and improves business efficiency.
- Effective management systems and stable power plant operations help raise service standards and support the overall security of the energy system.
Negative Impacts
- If the quality or stability of electricity supply does not meet applicable standards, customers’ operations may be affected, particularly in industrial sectors or businesses that depend on a continuous energy supply. This may result in business losses, increased costs, and lost economic opportunities.
- Lax safety management of products and service systems may cause harm to customers’ health or property and damage their systems or data.
Management Approach for Material ESG Topics
- Risk and Business Continuity Management
- Safety, occupational health, and working environment management
Other ESG Topics
Sustainable Supply Chain
- GRI 204: Procurement Practices 2016
- GRI 414: Supplier Social Assessment 2016
- GRI 308: Supplier Environmental Assessment 2016
Key Stakeholders
Customers
Investors / Shareholders
Communities
Business Partners
Suppliers
Financial Institutions
Impacts on the Company
Opportunities
- Sustainable supply chain management and collaboration with strategic suppliers help strengthen supply security, reduce risks arising from fluctuations in costs and delivery, and support the continuity of the Company’s projects and operations.
- Joint innovation development with suppliers and the enhancement of ESG standards throughout the supply chain help improve efficiency, reduce environmental impacts, and respond to the needs of customers and investors. This strengthens the Company’s competitiveness and its opportunities to access new projects.
Risks
- Supply chain volatility, such as equipment shortages and delivery delays, may increase project costs, delay construction, and affect the Company’s operating plans and returns or revenue.
- Suppliers’ neglect of ESG matters may affect the Company’s reputation and undermine stakeholder confidence.
Impacts on Stakeholders
Positive Impacts
Integrating sustainability matters (ESG) into supply chain management helps raise suppliers’ operating standards and enables the Company and its suppliers to grow sustainably together. It also provides employees with opportunities to develop skills in supplier collaboration, relationship management, and negotiation in complex contexts, in line with international business operations.
Negative Impacts
- Ineffective supply chain management may delay the delivery of goods and services and affect the Company’s revenue and operating performance, potentially affecting stakeholders such as investors and business partners.
- Stringent ESG standards within the supply chain may increase suppliers’ costs and impose operational constraints, particularly on small businesses. This may affect their competitiveness or ability to continue serving as the Company’s suppliers.
Management Approach for Material ESG Topics
- Sustainable supply chain management
Examples of Material Topic Management[
| Material Topic | Risk Factors for the Company | Targets[P | The Company’s Indicators |
|---|---|---|---|
 Transition-Aligned Investment |
Strategic risk management factor: Readiness to undertake climate action toward achieving net-zero greenhouse gas emissions. |
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 Occupational Health and Safety |
Operational risk factor: Operations that pose safety risks to employees, suppliers, and contractors. |
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 Local Communities and Human Rights |
Corporate reputation risk factor: Managing expectations, reducing risks to communities arising from activities, and building strong networks. |
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Note: The performance indicators for senior executives comprise 40–60% Corporate KPIs, while the remaining 60–40% are Functional KPIs relating to activities carried out by the respective functional units.
