As a result of the global emphasis on social and environmental responsibility in the industrial sector, which includes the reduction of greenhouse gas emissions resulting from different forms of energy use, the Company consumes a considerable amount of electricity to manage all of its industrial estates. Additionally, major companies, both domestic and international, that operate in the industrial estates are presently interested in and have a growing renewable energy consumption. Failure to meet the present and future demand of customers may have long-term consequences for the Company's competitiveness and revenue generation.
The Company sees an opportunity to develop products and services to meet the needs of current and future customers, such as the production and use of clean energy in industrial estates, promoting the use of electric vehicles, and selecting technologies that increase energy efficiency, etc. The Company also aims to become a carbon-neutral city by 2040 with the Smart Energy project, which is one of the projects under the AMATA Smart City initiative. This project focuses on renewable energy and the smart grid to use energy efficiently, and enhance power system stability. The use of clean energy will preserve the environment, reduce pollution from fossil fuel power plants, and lower greenhouse gas emissions. These opportunities will help mitigate the impact on the industrial sector, build confidence, and generate income and competitiveness for the Company.