Business sustainability development
By recognizing the importance of the environment, social, and the benefits of stakeholders, in 2007 KCE became a member of the United Nations Global Compact (UNGC) established by the United Nations (UN) to support company to operate business responsibly by aligning the strategies and operations with 10 principles under 4 aspects; human rights, labor standards, environment protection, and anti-corruption, as follows:
Human Rights
- Support and respect the protection of internationally proclaimed human rights.
- Ensure that the operations were not involved in human rights abuses.
Labor Standards
- Facilitate the freedom of labor association participation and properly recognize their negotiation rights.
- Eliminate all forms of forced and compulsory labor.
- Oppose any form of child labor abuse or utilization.
- Eliminate all kinds of discrimination regarding to employment and occupation.
Environment Protection
- Support a precautionary approach to environmentally affected activities.
- Undertake initiatives to promote greater environmental responsibility.
- Encourage the development and diffusion of environmentally friendly technologies.
Anti-Corruption
- Operate against all forms of corruption including extortion and bribery.
Sustainability Management Policy and Targets
KCE Electronics Public Company Limited (“KCE") conducts the business operations with a focus on sustainable economic growth. We pride ourselves on a superior corporate governance system and effective risk management, coupled with responsible actions to social and environment, and is committed to support the United Nations Sustainable Development Goals (UNSDGs), which are used as a guideline for the organization's operations to cover all dimensions of Environment, Social and good Governance principles (ESG matric).
Therefore, the Company has established an operation policy as a guide to sustainable development as follows:
Good Governance
- Conduct business transparently and fairly in accordance with good governance principles and be responsible to all stakeholders.
- Continuously improve the quality of products and services, and promote business innovation development with social and environmental responsibility.
Social
- Create opportunities and sustainable benefits for the community and society to improve their potential and quality of life.
- Respect and comply with international human rights principles throughout the value chain.
- Develop the potential of employees at all levels as well as providing working standardization and safe working environment.
Environment
- Reduce greenhouse gas emissions generated from business operations, to become low-carbon organization.
- Promote sustainable production and consumption practices as well as efficient resources utilization.
To achieve the above goals, the Company has established a working team to conduct tasks of sustainability development, with structure and responsibilities defined as following:
Roles and Responsibilities of the ESG Operation Committee:
- Review policy, operational guidelines, and sustainability development goals.
- Participatory hearing from all stakeholders.
- Establish sustainability development materiality to appropriately engage with stakeholders.
- Promote and support sustainability development operations to achieve the goals.
Roles and Responsibilities of the ESG Working Team:
- Establish approaches in alignment with policies, operational directions, and sustainability development goals.
- Monitor and manage sustainability development activities to achieve the specified goals.
KCE Electronics PCL has released the 2022 Sustainability Report stating the content of the sustainability policy, targets, implementation, and guidelines to manage essential sustainability topics from January 1, 2022 to December 31, 2022. The report covers environmental, social, and good governance operations, considering the benefits of all associated stakeholders in accordance with criteria and scope of ESG Metrics by the Stock Exchange of Thailand and 17 goals of UN’s sustainable development (UNSDGs) as follows:
Business value chain
The movement towards sustainable procurement is globally accepted and encouraged. This concept is built on environmentally responsible procurement by spreading expectations to key business partners and suppliers to further tackle human rights, fair labor practices and good governance. KCE is an international company that has earned everlasting trust as a reliable partner by customers, suppliers, service providers, and business partners. The stability of the company and its commitment on continuous improvement ensure that the products and services are delivered with the highest international standards.
Logistics management and green supply chains are essential factors that can help reduce costs and increase demand responsiveness in terms of time, quality and competitiveness.
Stakeholder Engagement
Stakeholders and impact in the Value Chain
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From the table of indication of stakeholders throughout the value chain and evaluation of potential impacts by stakeholders, to properly manage the impacts on stakeholders, the Company has collected their expectations thru several channels & approaches such as direct query, conference, law & regulation collection, etc., and then consequently developed the appropriate responses as following table:
Stakeholders Management
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Employees |
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Customers |
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Competitors |
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Creditors |
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Mass Media |
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Waste management supplier |
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Government agencies |
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