The Board of Directors is responsible for overseeing the business, setting its strategies, and developing the organization for stable and sustainable growth for the benefit of all stakeholder groups. Under corporate sustainability development strategies, ThaiBev believes that the company will grow and create limitless opportunities to the business and society as a whole.
The Board appointed the Sustainability and Risk Management Committee (SRMC) to support the Board in formulating sustainability strategy and risk management policies, as well as oversee sustainable development and risk management activities in accordance with the policies and strategies set by the Board
To drive sustainable development, the President and CEO appointed the Corporate Sustainability Development Committee (CSDC) to consider, plan, and implement ThaiBev’s sustainable development program in line with the direction and strategy set by the Board or the Executive Committee. The Sustainability Development Working Team (SDWT), consisting of representatives from various business groups and divisions, is responsible for developing plans and sustainable development projects as well as participating in corporate sustainability assessments that verify the comprehensiveness of material sustainability topics. The SDWT also monitors and reports the progress of sustainable development programs to the CSDC and SRMC.
ThaiBev has participated in the Dow Jones Sustainability Indices (DJSI) Corporate Sustainability Assessment for 6 consecutive years. In 2020, ThaiBev was selected as DJSI Emerging Market and DJSI World Indices for fifth and fourth consecutive years, respectively. ThaiBev is the first Asian company to be selected as a sustainability leader in the beverage industry for third consecutive years. This remarkable achievement reflects ThaiBev’s commitment in sustainable development.
ThaiBev gives priority to the environment issues given that environmental conditions impact communities and quality of lives, which consequently affect the company’s operations. If the environment is well maintained, communities and society as a whole and businesses can thrive. Thus, environment, communities, society must be co-exist and support each other.
In 2020, ThaiBev initiatied and collaborated with other DJSI industry leaders in Thailand to drive sustainable development by organizing the first Thailand Sustainability Expo (TSX) 2020 under the concept, “Sufficiency for Sustainability.” ThaiBev also co-founded the Thailand Supply Chain Network (TSCN) to create collaboration among member companies by gathering ideas to generate insight in order to (1) protect business value through business continuity management, business laws, finance, and corporate social responsibility, (2) create value from investments by supporting existing business operations, i.e. cross-selling, cross-training, joint ventures, or resource sharing, and (3) innovate through investment in startup funds for social enterprises, cross-sharing business skills, or developing programs to promote the country’s economic development for a more stable and sustainable future.