Plan B Media Public Company Limited has a strong intention to conduct business based on economic, social and environmental responsibility. The Company realizes the importance of its responsibility for environmental issues resulted from its business operations, products and services. Therefore, the Company issued a policy to promote production development and innovation creation in order to alleviate potential issues together with proper sustainability strategies and operating plans.
To drive operating strategies, the Company has selected topics that enhance sustainable development of the organization and mutually set sustainable development goals of the Company according to sustainable development objectives in line with international standards. Moreover, the Company voluntarily participated in sustainability standards with the purpose to support continuous development in accordance with the Sustainable Development Goals (SDGs) under the United Nations Global Compact.
The Company recognizes that higher competitiveness and more business opportunities can be attained through environmental efforts reflected in environmental cost management. Consequently, the Company announced its environmental management policy that is also applicable for its subsidiaries and communicated with related parties to encourage participation and engagement of executives, employees at all levels, counterparties and relevant stakeholders with the objective to ensure good practice across the organization’s value chain.
Note that the Company incorporated sustainable development policy and plans as a part of its operating plans. Strategies were formulated at organization level to be in alignment with 7 sustainable development goals out of a total of 17 goals (based on Table of Sustainable Development Goals), its capacity and potential so that the Company moves toward sustainable development across its value chain.
2021 Goals for Environmental Management
Intensifying global warming and climate change are considered one of the key urgencies that requires all parties to join forces in reducing emissions of greenhouse gases according to the Paris Agreement. The Company pledged to help control average global temperature by setting a goal to meet greenhouse gas reduction of 5-10% by 2021 (compared to 2020 base year)
Assessment of Potential Climate Change and Risk
Objective : Assess risk and potential climate change
The Company conducted assessment on risk and potential climate change through organization-wide risk assessment. Under this process, each business unit identified risk factors related to their functions through risk champions while a top-down approach was also executed by the Organization Strategy Committee covering both existing risks and emerging risks in accordance with risk reporting framework of the Task Force on Climate-related Financial Disclosures (TCFD) where multiple factors were considered. Preliminary assessment results are summarized below.
Risks | Impacts to the Company | |
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Physical Risk | Risk from physical impact both immediate and persisting from climate change such as flood and drought, unexpected climate change and higher temperature. |
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Reputation | Risk from higher expectations from stakeholders that affect reputation and brand value from billboards, services and business doing. |
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Opportunities | Impacts to the Company | |
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Products and Services | Opportunities to increase the proportion of certain types of green products and services that help reduce emissions of greenhouse gases. |
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Marketing | Opportunities to gain competitive advantage and marketing channels over its rivals which are related to climate change. |
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Climate change impacts volume of water in natural water sources of each area which can lead to risk of insufficient water to meet the demand of various units. Hence, the Company has set a water management plan to improve water usage efficiency.
22% decrease in water usage compared to normal case of 2018 base year.
60% increase in water usage from operations compared to normal case of 2018 base year as a result of the following.
Note that the Company is in the planning process to adjust the washing method and frequency of car wash to enhance efficiency and save water as well as set the target to cut down water usage to be closest to 2019 level.