Mitr Phol’s business operations adhere to the “Grow Together” sustainability philosophy, encompassing environmental, social, and governance dimensions. The Board of Directors approved and announced the Sustainable Development Policy, which is annually reviewed for its clarity, currentness, and alignment with international sustainability principles and the UN’s Sustainable Development Goals, ensuring all businesses put them into practice.
To Support a Thriving Environment
Sustainable Communities
Transparent and Collaborative Corporate
Mitr Phol has established a sustainability management structure, and the Board of Directors has appointed a Sustainability Committee to oversee sustainable development operations. The Sustainability Committee meets quarterly and has the following roles and responsibilities:
The Corporate Sustainability Department, under the Corporate Sustainability Division, is responsible for promoting, supporting, and collaborating with other departments across Mitr Phol’s businesses. Its aim is to align operations with the guidelines set by the Board of Directors to achieve goals and meet the needs of all stakeholders.
Mitr Phol annually assesses material sustainability issues using the double materiality principle. It considers the likelihood and severity of impacts on the economy, society, the environment, and human rights arising from Mitr Phol’s business activities and relationships, considering current and future impacts. The assessment includes both
the outside-in perspective, which considers the impacts on the Company, such as impacts on the image, reputation, market positioning, and value creation, and the inside-out perspective, which focuses on the impact on external stakeholders. Once collected and prioritized, Mitr Phol’s material sustainability issues are considered and compared against the GRI Standards: Agriculture, Aquaculture, and Fishing Sectors 2022, as well as the Company’s material sustainability issues from 2022. The materiality assessment process engages stakeholders, including shareholders, farmers, communities, suppliers, customers and consumers, employees, and the government and civil society sectors, by seeking input through questionnaires, interviews, and secondary data analysis. Their opinions are then ranked and used to develop operational guidelines that appropriately address stakeholder needs.
a. Corporate Governance and Risk Management
b. Digitalization and Technology
c. Supply Chain Management
d. Innovation
e. Climate Strategy
f. Water and Wastewater Management
h. Circular Economy
i. Corporate Citizenship and Philanthropy
j. Human Capital Development
k. Labor Practices and Human Rights
l. Employee Management and Retention
m. Occupational Health, Safety,
and Work Environment Management
r. Biodiversity
s. Customer Relations
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Sustainability Issue<br>and Impact Level
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Issues Disclosed in This Report
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Sustainable Development Goals
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a. Corporate Governance and Risk Management
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b. Digitalization and Technology
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c. Supply Chain Management
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d. Innovation
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e. Climate Strategy
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f. Water and Wastewater Management
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h. Circular Economy
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i. Corporate Citizenship and Philanthropy
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j. Human Capital Development
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k. Labor Practices and Human Rights
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l. Employee Management and Retention
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m. Occupational Health, Safety, and Work Environment Management
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r. Biodiversity
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s. Customer Relations
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Mitr Phol places great importance on building networks and establishing key partnerships for sustainable development to foster collaboration between organizations in driving national development. The Company ensures that its partners’ operations align with Mitr Phol’s sustainability policies, aiming to achieve business goals while maximizing benefits for all stakeholders.
The Company has become a member of organizations or agencies related to sustainable development, in alignment with Mitr Phol’s business strategy, with two important objectives:
