Environmental Stewardship

Climate Resilience

Risk

Climate change is a significant challenge that poses substantial risks to industrial water management, as water serves as a primary raw material for industrial estate operations. It also increases physical risks due to the growing severity of natural disasters each year. The impacts of climate change are far-reaching, affecting various stakeholders across the value chain—from industrial water usage in factory production lines to the livelihoods and well-being of factory employees and surrounding communities. Moreover, climate-related impacts have led to rising operating costs for the Company. These include the need to ensure a continuous supply of water that meets industrial quality standards for tenant factories, as well as to implement measures that prevent or mitigate physical risks from natural disasters in both existing industrial estates and future development projects.

In addition, evolving domestic and international laws and regulations related to climate change pose transition risks for both the Company and factory operators within the industrial estates. As a result, the Company must proactively prepare for the growing climate-related expectations of both current and future customers. This includes disclosing relevant operational information—such as energy consumption and greenhouse gas emissions from various utilities—developing sustainable products and services that align with customer needs, and mitigating risks that may affect the Company’s long-term competitiveness.

Opportunity

The Company recognizes opportunities in developing new products and services to meet the emerging needs of existing factory operators within its industrial estates. These operators are increasingly affected by evolving climate-related laws and regulations, trade standards shaped by national policies, and more stringent climate commitments from their parent companies. Furthermore, this strategic direction positions the Company to better respond to growing demand from new customers or target groups that place a high priority on climate action.

Management Approach

Climate change is a global challenge that poses significant risks of natural disasters and far-reaching impacts on the economy, public well-being, and the long-term sustainability of global society. The severity of these impacts has become increasingly evident in recent years. In response, the Company recognizes the critical importance of cross-sector collaboration to collectively mitigate the effects of climate change. The Company supports the goals of the Paris Agreement, adopted in December 2015, to which Thailand has committed by pledging to reduce greenhouse gas emissions by 20–25% from 2015 levels by 2030, in order to limit the global temperature increase to well below 2 degrees Celsius above pre-industrial levels. The Company also endorses the Glasgow Climate Pact, which encourages the adoption of renewable energy and the reduction of coal and fossil fuel use—efforts that contribute directly to the achievement of United Nations Sustainable Development Goal 13: Climate Action.

The Company recognizes the importance of collaboration among all sectors in reducing greenhouse gas emissions and remains committed to being an active contributor in mitigating and adapting to the ongoing climate-related risks. The Company has therefore established a “Climate Change Management Policy” and has assigned the Risk Management Committee, in coordination with the Corporate Governance and Sustainable Development Committee, to oversee its implementation.These committees are responsible for addressing climate-related risk such as water scarcity and changes in laws and regulations that may impact business operations as well as identifying emerging business opportunities. Progress is monitored through the Office of Corporate Strategy and Risk Management, under the leadership of Mr. Satha Vanalabh-patana, Acting Chief Strategy Officer and Assistant to the Chief Executive Officer, who is responsible for coordinating with relevant departments to develop strategies and integrate them into the Company’s overall business plans. Furthermore, the Company has set climate action as a core organizational objective, including the development of an implementation plan aimed at becoming a carbon-neutral city by 2040. This includes enhancing energy efficiency and reducing the intensity of both direct and indirect greenhouse gas emissions (Scope 1 and 2) by 30% by 2030, compared to the 2019 base year.

See more details on our Climate Change Management Policy.

Climate Change Management Policy.

Assessment of Climate-Related Risks

The Company has conducted an assessment of climate-related risks associated with its business operations and has established risk management measures to mitigate or prevent potential future impacts, as outlined below.

1. Physical Risks

Operational risk

Drought risk
Impact / Opportunity

Changes in rainfall patterns and precipitation levels may result in an insufficient supply of raw surface water for use in the production of tap water for industrial purposes. This may lead to disruptions in utility systems and an increase in raw water procurement costs, as well as potential penalties and compensation in cases where factory operators are unable to maintain continuous business operations. Furthermore, severe water scarcity may lead to competition over raw water resources, potentially affecting the Company’s relationship with nearby communities.

Risk Mitigation
- Establishe both internal and external backup raw water sources to support the total water demand within the AMATA Industrial Estates for no less than 14 months. Currently, the Company has 17 ready-to-use raw surface water reservoirs with a total capacity of 61.2 million cubic meters.
- Reduce reliance on natural raw water sources by increasing the use of high-quality reclaimed water in industrial water production. As a result, the Company has reduced raw surface water consumption and extended its reserve capacity by an additional 5 months, thereby mitigating water shortage risks and enhancing the ability to support local communities during drought conditions.
- Utilize weather forecasting technology to optimize the management of water levels in reservoirs within the AMATA Industrial Estates.
- Communicate water management plans clearly to tenants, factory operators, and surrounding communities to ensure transparency and shared understanding.
Flood risk
Impact / Opportunity

Flooding may disrupt the operations of both the Company and industrial estate tenants and factory operators. The Company may incur additional expenses related to flood response efforts and potential damage to assets belonging to both the tenants and the Company. Furthermore, it may require additional investment in the development of effective flood prevention systems across all current and future projects. In addition, flooding may affect the Company’s relationship with nearby communities that are also impacted by such events.

Risk Mitigation
- Improve water flow systems within both AMATA Industrial Estates by implementing drainage measures and water retention areas to prevent flooding in high-risk zones.
- Develope an integrated water management approach by fostering collaboration among all relevant stakeholders to manage flood and drought risks within AMATA City Chonburi Industrial Estate. This includes the use of digital survey technologies to collect the most up-to-date geographic data for designing more effective and climate-resilient water management systems.
- Communicate the Company’s water management plans to tenants, factory operators, and surrounding communities to ensure mutual understanding and awareness.

Financial risk

Business Continuity Risk from Water Management

Business Continuity Risk from Water Management
Impact / Opportunity

If the Company is unable to supply water to tenants and factory operators as required, it may result in increased operational costs due to the need to procure raw water during drought periods or higher expenses related to flood mitigation efforts. Additionally, the Company may be subject to penalties and compensation in cases where industrial estate operators are unable to maintain continuous business operations.

Risk Mitigation
- Mitigate the risk of rising costs due to insufficient primary water sources by securing alternative water sources sufficient to meet at least 150 percent of the total demand within the industrial estates.
- Conduct stress tests and scenario analyses related to water risks such as severe drought or rising water costs to assess potential impacts on revenue and operating expenses.
- Reduce dependence on raw water from natural sources by increasing the use of high-quality reclaimed water, treated through a water reclamation system, to replace raw water in industrial water production.

2. Transition Risks

Strategic risk / Financial risk

Risk of availability and alignment of sustainable products and services with customer’s requirement

Risk of availability and alignment of sustainable products and services with customer’s requirement
Impact / Opportunity

Tenants and factory operators are increasingly focused on achieving carbon neutrality and net zero greenhouse gas emissions, leading to reduced utility consumption and waste generation. This has impacted the Company’s recurring revenue from utility sales and waste management services. However, there has been a clear increase in demand for sustainable and environmentally friendly products and services from customers over the past year. This presents an opportunity for the Company to develop new offerings that align with these needs and generate additional revenue.

Risk Mitigation
- Study and analyze current industry demands and emerging standards required by current manufacturing operators and future customers to develop new sustainable utilities product and industrial service to meet the growing demand from existing operators while supporting the circular economy concept
- Expand renewable energy capacity by increasing clean energy resources. The Company has set a target to increase the proportion of renewable energy usage to 30% by 2030.
- Improve energy efficiency in various operational activities within the industrial estates to reduce greenhouse gas emission and the carbon footprint of products.
- Explore business opportunities arising from the demand for new type of utilities such as ultrapure water & demineralized water

Risk from changes in environmental policies or regulations in response to climate change

Risk from changes in environmental policies or regulations in response to climate change
Impact / Opportunity

Throughout the value chain of the Company's industrial estate business and related operations, compliance with numerous environmental laws and regulations is required, as these businesses have both direct and indirect environmental impacts. Any non-compliance with new or amended environmental laws and regulations, whether by the Company itself or by its suppliers and contractors, could lead to financial losses, reputational damage, and a decline in stakeholder confidence. This risk is particularly significant for expansion projects and new developments both domestically and internationally. Additionally, non-compliance may impact the Company's social acceptance and community support, which are essential for sustained business operations and future growth.

Risk Mitigation
- Monitor changes in environmental laws, regulations, and related policies both domestically and internationally. This includes tracking significant global developments that may lead to future policy and regulatory changes.
- Enhance operational processes and production methods to minimize environmental impacts while ensuring alignment with international standards.
- Disclose environmental information in a transparent and verifiable manner, including the carbon footprint of organization, water consumption, waste management, and ESG accounting. This is achieved by reviewing and improving internal data collection processes to ensure systematic management, supported by external verification to ensure alignment with international environmental data standards and the accuracy and reliability of the disclosed information.
- Conduct training and seminars for contractors and suppliers to inform them of changes in environmental regulations. Environmental criteria are also incorporated into the Company’s risk assessment and supplier selection processes. All critical tier-1 suppliers and new suppliers conducting business directly with the Company are subject to environmental risk assessments.

The Company has set strategies and management guidelines aiming to reduce greenhouse gas emissions and address climate change, under the campaign “Save Earth, Safe Us,” divided into three key areas as follows:

Strategy 1: Climate Resilience City

The Company places significant importance on dealing with climate change from the past such as precipitation patterns, rainfall, and the intensity of rainstorms in the eastern region that have led to droughts or flooding in the past years. The Company, therefore, focuses on integrated and sustainable water management across all categories, including raw water, industrial water, drought, wastewater, and flooding in order to ensure water security, build confidence in customers and communities in the area, and mitigate risks that could impact business operations and stakeholders’ quality of life.

• Strive for water security by expanding internal reservoirs

The Company has set a policy to prepare raw water reserves that are at least 150% greater than the total water demand in the industrial estates per year.

• Reduce dependence on surface water by utilizing treated water in accordance with the Zero discharge principle

The Company maximizes the reuse of treated water to reduce dependence on natural surface water sources and mitigate the risk and severity of impacts in cases of drought.

• Develop infrastructure and capabilities to prepare for and prevent flooding

The Company has developed infrastructure and water management systems to handle and prevent flooding, as well as raised awareness among stakeholders about the effective use of water resources and keeping public waterways clear of debris and impediments through the AMATA Water Management Learning Center and a water management community development project.

• Search for strategic locations

The Company places importance on the project locations that will minimize negative impacts on factory operators and enable long-term business operations, and the results of climate change impact studies in each region are used as one of the key factors in selecting future project locations.

• Utilize technology for risk management

The Company has installed smart weather stations in AMATA City Chonburi Industrial Estate and AMATA City Rayong Industrial Estate, totaling 11 stations. These stations enable real-time weather forecasting and monitoring to promptly track atmospheric changes. This allows for efficient water reservoir management within the industrial estates and enhances preparedness for climate variability and extreme weather conditions.

Strategy 2: Carbon Neutral City

The Company places importance on reducing greenhouse gas emissions, which are the main cause of climate change, and has established more ambitious targets towards becoming a carbon-neutral city by 2040 and reducing greenhouse gas emissions by 30% by 2030 compared to the 2019 base year. This is in line with the Paris Agreement and Thailand’s goal, announced at the 26th session of the Conference of the Parties (COP 26) to the United Nations Framework Convention on Climate Change (UNFCCC), of reaching carbon neutrality by 2050 and net zero greenhouse gas emissions by or before 2065.

• Increase energy efficiency

The Company has replaced electrical equipment used in offices and common areas with energy-saving devices, reduced the use of fossil fuels, and integrated this strategy into the Company’s business development plan to drive AMATA Smart City projects that focus on energy efficiency through the utilization of technologies and low-carbon energy sources.

• Minimize waste sent to landfills

According to the Zero Waste to Landfill target, the Company has applied principles of the circular economy to the solid waste and industrial waste management process, promoting recyclable waste sorting, maximizing the use of recyclable waste, and minimizing waste disposed to landfills.

• Accelerate the transition to renewable energy with suitable technologies

The Company promotes the increased production of renewable energy with technology that is appropriate for the Company’s operation and the area inside the industrial estate, especially the Company’s central utility system.

• Enhance the ability to reduce greenhouse gas emissions through collaboration with alliances

The Company promotes research and development to reduce greenhouse gas emissions throughout its value chain and product life cycle. As a result, the Company focuses on platform development as well as project design and management using Building Information Modeling (BIM) technology and the Leadership in Energy and Environmental Design (LEED) building standard.

Performance

Greenhouse Gas Emission of Organization

The Company’s greenhouse gas emissions inventory was prepared annually using the Carbon Footprint for Organization (CFO) guidelines and methodologies of the Thailand Greenhouse Gas Management Organization's (Public Organization) for calculating greenhouse gas emissions, which consist of direct greenhouse gas emissions (Scope 1), indirect greenhouse gas emissions from energy use (Scope 2), and other indirect greenhouse gas emissions (Scope 3). The scope of the report covered three locations of the Company, including Bangkok Head Office, two offices and common area in AMATA City Chonburi Industrial Estate, and AMATA City Rayong Industrial Estate, which are under the Company’s responsibility.

In 2024, the Company underwent a verification process and received certification for its 2023 Carbon Footprint for Organization (CFO) for the fifth consecutive year by the Thailand Greenhouse Gas Management Organization (Public Organization) on 21 June 2024.

See Certificate

After verification and registration, the Company identified changes in its corporate carbon footprint compared to the data disclosed in the 2023 Sustainability Report. In 2023, the Company's total greenhouse gas emissions amounted to 63,861 tons of carbon dioxide equivalent. This includes 579 tons of carbon dioxide equivalent from direct emissions (Scope 1), 14,639 tons of carbon dioxide equivalent from indirect emissions due to purchased electricity (Scope 2), 15,218 tons of carbon dioxide equivalent from total direct and indirect greenhouse gas emissions (Scopes 1 & 2), marking a 4.0% decrease compared to 2022 and a 15.4% decrease compared to the base year of 2019. The Combined GHG Intensity (Scopes 1 & 2) for 2023 was 0.46 tons of CO₂ equivalent per rai, or 2.86 tons of CO₂ equivalent per hectare. Additionally, other indirect greenhouse gas emissions (Scope 3) totaled 48,643 tons of CO₂ equivalent.

The Company has prepared its Carbon Footprint for Organization (CFO) report for the reporting period from 1 January to 31 December 2024. The verification process is currently underway, with the company in the process of hiring an accredited verifier registered with the Thailand Greenhouse Gas Management Organization (TGO) to conduct data validation and verification. The registration and certification of 2024 Carbon Footprint for Organization (CFO) are expected to be completed by the third quarter of 2025.

The Company has calculated its greenhouse gas (GHG) emissions for the year 2024 in accordance with the Carbon Footprint for Organization (CFO) assessment methodology established by the Thailand Greenhouse Gas Management Organization (TGO). The total emissions amounted to 63,271 tons of carbon dioxide equivalent, comprising 539 tons of carbon dioxide equivalent from direct emissions (Scope 1) and 12,855 tons of carbon dioxide equivalent from indirect emissions related to purchased electricity (Scope 2). The combined direct and indirect emissions (Scope 1 & 2) totaled 13,394 tons of carbon dioxide equivalent, representing a reduction of 12.0% compared to 2023 and a 25.6% reduction from the 2019 base year. This reduction is attributed to a decrease in the use of fossil fuel-based energy sources, a reduction in purchased electricity consumption, the implementation of enhanced energy efficiency measures, and an increased adoption of solar energy in the industrial estates.

The combined direct and indirect greenhouse gas emissions (Combined Scope 1 and 2) intensity for the year 2024 was 0.40 tons of carbon dioxide equivalent per rai, or 2.49 tons of carbon dioxide equivalent per hectare. This represents a 13.0% reduction from 2023, and a 30.3% reduction compared to the 2019 base year.

In 2024, the Company emitted 49,877 tons of carbon dioxide equivalent from other indirect greenhouse gas emissions (Scope 3), representing a 2.5% increase compared to 2023. The primary reason for this increase was the rising volume of waste, which led to the expansion of waste management activities at AMATA City Rayong Industrial Estate. Other indirect greenhouse gas emissions (Scope 3) were attributable in various activities as follows:

The Company identified the four primary sources of other indirect greenhouse gas emissions (Scope 3): waste management, upstream electricity consumption by contractors, water reclamation, and tap water production from raw surface water. The Company therefore promotes the maximum recycling of recyclable waste to reduce landfill disposal and encourages contractors to adopt innovation and technology that reduce fossil fuel energy consumption and promote the use of renewable energy in the Company's utility systems. These efforts aim to reduce the consumption of purchased electricity and other indirect greenhouse gas emissions (Scope 3).

Strategy 3: Climate-related Products and Services

The Company foresees an opportunity to develop new products and services based on the needs of factory operators in today's industrial estates. These operators are affected by the enforcement of climate change laws and regulations, changes in foreign trade regulations driven by the government policies in each country, and more stringent climate policies from overseas head offices. This also includes addressing the needs of new customers or target groups who are particularly concerned about the increasing trend of climate change. As part of its 2024 strategy, the Company has initiated the development of new climate-related products and services focused on reducing greenhouse gas (GHG) emissions and enhancing climate resilience as follows.

AMATA Carbon Neutral Network: ACNN

The Company has established a greenhouse gas (GHG) emissions reduction network within its industrial estates under the name AMATA Carbon Neutral Network (ACNN). The initiative is led by AMATA Facility Services Co., Ltd., in collaboration with AMATA City Chonburi Industrial Estate Office and the AMATA City Rayong Industrial Estate Office, serving as key coordinators in establishing the network. The primary objective of ACNN is to serve as a collaborative platform that fosters awareness, understanding, and cooperation among businesses within AMATA City Chonburi and AMATA City Rayong industrial estates to implement concrete greenhouse gas reduction activities. This initiative aligns with the Company’s commitment to achieving Carbon Neutrality and ultimately reaching Net Zero emissions.

As of the end of 2024, the AMATA Carbon Neutral Network (ACNN) had 74 member companies. The majority of members are business operators within AMATA City Chonburi Industrial Estate, followed by those in AMATA City Rayong Industrial Estate and external companies in the Eastern region of Thailand.

The Company actively supports ACNN by organizing expert-led sustainability and carbon reduction seminars to enhance members’ understanding and prepare them for sustainable business practices. Additionally, ACNN conducts workshops, training programs, and knowledge-sharing sessions on key topics such as green energy, renewable energy, alternative energy, clean energy, carbon credits, product carbon footprint (CFP), and corporate carbon footprint (CFO).

ACNN Network Activities in 2024 were as follows.

Carbon Emission Platform Workshop: Greenovation Gateway

On 14 February 2024, AMATA Facility Services Co., Ltd., in collaboration with Rootcloud Technology (Singapore) Co., Ltd. and Poly Technology Co., Ltd., organized the “Carbon Emission Platform Workshop: Greenovation Gateway”. The objective of this workshop was to enhance knowledge and understanding of using digital platforms for greenhouse gas (GHG) management and data collection. The event was attended by 40 representatives from factories within the industrial estate and members of the AMATA Carbon Neutral Network (ACNN)

Seminar on Green Industry City Transformation

On 29 October 2024, AMATA Facility Services Co., Ltd., in collaboration with the Technology Promotion Association (Thailand-Japan), hosted the seminar “Green Industry City Transformation.” The event aimed to enhance the capacity of people who are working in the industrial estates in transitioning towards a Green Industrial City. Key topics presented included strategies to achieve Net Zero emissions, carbon reduction through technological adoption, and overcoming challenges in industrial transformation. The seminar received strong participation from over 40 ACNN members and factory operators, who shared knowledge and experiences to drive sustainable development in Thailand.

Providing Solution of Intelligent Carbon and Energy Platform

The Company has developed the Solution of Intelligent Carbon and Energy Platform, operated by AMATA Facility Services Co., Ltd., to support customers in managing greenhouse gas (GHG) emissions and optimizing energy consumption across various activities. The platform provides the following services:

Preparation of carbon footprint reports for organizations (CFO) and products (CFP) following Thailand Greenhouse Gas Management Organization (TGO) and ISO standards.
Data collection on carbon emissions from various activities, covering Scope 1, Scope 2, and Scope 3, using IoT, API integration, or manual data input.
Energy management consulting and strategic planning to enhance efficiency and sustainability.
Accurate, fast, and efficient carbon emission calculations and data management.
Integration with Renewable Energy Certificate (RECs) providers and carbon credit markets.

Carbon Neutral Event Services

The Company has enhanced its event management and corporate engagement services for both factory operators in AMATA industrial estates and external customers by transitioning from conventional event planning to carbon neutral event solutions. These services are managed by AMATA Facility Services Co., Ltd. and focus on minimizing environmental impact, optimizing resource efficiency, reducing waste generation, and lowering greenhouse gas (GHG) emissions and air pollution from events. Additionally, the Company procures carbon credits from greenhouse gas reduction projects in Thailand to offset emissions generated by events. In 2024, the Company successfully organized two carbon neutral events for clients, demonstrating its commitment to sustainable event management and climate action.

Clean Energy Services through Solar Power

The Company has initiated the development of floating solar power generation project in the water reservoirs of AMATA City Chonburi Industrial Estate and AMATA City Rayong Industrial Estate in collaboration with AMATA B. Grimm Power Limited since 2023. This initiative supports the growing demand for renewable energy sources among customers in the AMATA industrial estates, who have set targets to reduce greenhouse gas emissions or achieve carbon neutrality. In 2023, the Company commenced the construction of a 19.5 MWp solar power generation project utilizing floating solar panels at AMATA City Chonburi Industrial Estate. The project is presently under development to facilitate the transmission of electricity through the transmission network of AMATA B. Grimm Power Limited.

In 2024, the Company began studying the feasibility, in collaboration with factory operators within the industrial estate, for a 42.5 MWp solar power generation project using floating solar panels at AMATA City Chonburi Industrial Estate. This includes the development of renewable energy solutions to enhance efficiency, such as integrating floating solar energy with liquid cooling technology to reduce energy consumption, in line with the approach of transforming into a Smart Energy City.

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+66 38 939 007

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Climate Resilience