AMATA Sustainable Development Structure

The Company emphasizes on an involvement of all sectors within the organization in the development of the Company’s sustainability.

Therefore, the Board of Directors, management and employees are set to jointly move the development in economic, social, and environmental aspects.  Knowledges and understanding as well as strong culture that support the operation are also created to ensure the sustainability can actually be established.  Moreover, consciousness on the responsibility to all stakeholders, society and environment is built to bring about the stability and sustainability of the business and society as a whole going forward.
 
To drive the corporate sustainability, the Company has the sustainability management structure (Disclosure 102-19, 102-20) under the Corporate Governance Committee as follows:

The Company has set up AMATA Sustainable Development Committee, comprising the management from the departmental level and above. AMATA Sustainable Development Working Committee consists of representatives from all departments of the Company and its subsidiaries under supervision and monitoring by the Chief Executive Officer to jointly drive the projects gearing towards the sustainability of the Company. The Company has driven the sustainable development in three levels which covers the operation of all three levels, i.e. economy, society and environment. The Company has considered risk factors from internal and external changes, global trends and mega forces which may impact the Company and stakeholders and also considered the stakeholders’ needs and expectations to set targets, develop strategies and plans to efficiently respond to the material sustainability topics.

Roles and duties of the AMATA Sustainable Development Committee

Board of Director and Corporate Governance Committee

  • Establish the sustainable development policies, sustainability framework, strategies and targets covering economic, social, environmental and governance aspects.

  • Oversee and provide advices and directions in appropriate responses to material topics and stakeholders’ needs and expectations.

Sustainable Development Committee

  • Implement the corporate sustainability policies and strategies to achieve the set goals and targets.

  • Follow up the ESG performance and work progress.

  • Chairman of Sustainable Development Committee reports the Company’s ESG performance to Chief Executive Officer, Corporate Governance Committee, and the Board of Directors on a regular basis.

Sustainable Development Working Committee

  • Revisit and assess the sustainability factors in all aspects covering economic, social, environmental, and governance.

  • Conduct the materiality determination process.

  • Initiate the projects and guidelines to respond to material topics in all aspects.

  • Deploy the Company’s policies, objectives and strategies as well as sustainable development knowledge to all staff across the Company and support the operation in every aspect.

  • Follow up on the progress of project implementation and performance evaluation and data of the projects.

  • Prepare annual sustainability report

Sustainable Development Policy

The Company has developed its management approaches from material sustainability topics, leading to the change of policies, management standards or additional practices as well as creating innovative processes or new businesses in order to minimize or create no negative impacts on society and environment and to yield long-term value for all stakeholders according to “ALL WIN” philosophy.

In addition, the strong corporate culture will enhance the Company to sustainability, as the result, the Company has imprinted management and employees with value, behaviors, and attitudes through “AMATA DNA”, consisting of 5 principles which are Dependable for Success, Responsive, Innovative, Visionary and Efficient, which will drive the Company to grow steadily and sustainably.

The Company applied the principle of Creating Shared Value to enhance projects and business activities to create more value for all stakeholders or to solve social and environmental problems and also to create significant value and values to the Company at the same time.

The Company's “ALL WIN” philosophy is the foundation of stable and sustainable growth. The “Sustainable Development Policy”, therefore, has been set for AMATA Group as follows:

Increase business value through innovation and quality

Focus on enhancing and developing work processes and services, promoting innovation and new businesses which add more value to the organization and stakeholders.

Accountable to all stakeholders

Conduct the business by minimizing or creating no negative impacts, both directly and indirectly, on the stakeholders. Commit to managing all aspects of risks in compliance with international standard. Create sustainable benefits to all stakeholders.

Good corporate governance

Conduct the business with integrity and fairness. Comply with laws and business ethics. Be against corruption and encourage the principles of human rights to maximize fair benefits to stakeholders.

Responsible towards society and the environment

Promote the most efficient use of natural resources. Encourage innovation or new businesses which reduce business impact on society and environment. Raise awareness on social and environmental responsibility.

Key Strategies for AMATA Sustainability

By integrating sustainable development concept into business strategy, the Company has revised its business plans and moves toward being the developer of Smart City in the Eastern Economic Corridor aiming to respond to the stakeholders’ needs, to be able to cope with global changes and emerging risks more efficiently, and also to create a perfect city which provides opportunities and benefits to all stakeholders, and to develop the business and grow the socio-economy simultaneously with the peaceful co-existence between the industry and surrounding community on the basis of natural resources and environmental conservation. The Company has thus established key strategies for sustainable business as follows:

Enhancing competitiveness through the Smart City concept

The Company has been transforming its business model from being a developer of an industrial estate used as production base of various industries from other countries to be a leading developer of a smart city in the eastern region of Thailand in order to better meet the requirements of the customers from 12 targeted industries promoted in the Eastern Economic Corridor (EEC). The Company is committed to developing quality products and services in order to differentiate and create a competitive advantage to the Company while adding value to the customers as well as reducing social and environmental impacts.

Growing through strategic business partnerships

The Company sets a strategy to develop new business related to the smart city in order to promptly meet the customers’ needs and expectation and to grow with quality through a joint venture with strategic business partners who are well-known and professional in various businesses. This enables the Company to create new products and services that can respond efficiently to customers’ needs. This would also be an additional source of revenue and diversify risks from the Company’s core business.

Creating a safe and environmental-friendly society

The Company places an importance on the safety of its stakeholders and the responsibility for natural resources and environment by encouraging the members of the industrial estates and surrounding communities to realize and pay attention to the efficient waste management and natural resources management. In addition, the Company keeps developing its work processes to reduce the impact on society and environment and developing new businesses that can more efficiently utilize natural resources and energy. The Company also discloses its information on practices and the result of natural resources and environmental management in a transparent manner through several channels.

Creating opportunities for stakeholders

Businesses developed by the Company at present and in the future could benefit and create opportunities not only for AMATA but also for a wide range of stakeholders inside and outside the Company. The Company promotes the advancement and development of employee learning by providing the employees an opportunity to adjust or rotate their job duties to suit their knowledge and capabilities in order to create job motivation and organizational commitment.

The Company gives stakeholders the opportunity to jointly invest in its new business development in order to solve the problems or meet the needs of customers and people living in and outside the industrial estates. It also provides opportunities for people in and out of the industrial estates to conveniently access to products and services, such as medical care, education, government services, as well as creating jobs for public with the aim to improve quality of life and the community economy in tandem with the Company’s growth.

Building a decent civil society to create benefits for the society as a whole

The Company places importance on all stakeholders, especially primary stakeholders. The happy co-existence and support of each other are crucial driving forces for sustainable business. A good society within the Company, i.e. the employees which are main resources, will lead the organization to success. Therefore, the Company takes good care of its employees to ensure that they are happy at work and provides them both skill and mental development in order to collaboratively create valuable work and contribute to the external society.

The external civil society is a collaboration among customers within the industrial estates and surrounding communities together with local government entities to create collective impacts with the same target and understanding in the role of each other, to minimize resistance and to encourage cooperativeness on doing good things for a better society as a whole.

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