Sustainability Projects
Supply Chain Management 2023
Provision of ESG Training for Buyers, Employees and Internal Stakeholders on their roles in the Supplier ESG Program 2023
EGCO Group recognizes the importance of sustainable business operations. To foster awareness and understanding of efficient and sustainable supply chain management, training courses on sustainable supplier management, including training for company’s buyers on their roles in the supplier ESG program, have been arranged for employees and internal stakeholders.
The training course comprises 5 components including:
- Importance and Trends of Sustainable Procurement
- Enhancing Suppliers Code of Conduct and Supply Chain Management Procedures
- Identifying Significant Suppliers and Conducting Suppliers Risk Assessments
- Role and Responsibilities of the Procurement Function in Supply Chain Management
- Role of Procurement in Driving Sustainability
Benefits of the Project
- Enable employees and internal stakeholders to understand the role of suppliers in sustainable business operations.
- Enhance the understanding and awareness regarding ESG risk of EGCO Group’s supply chain.
Implementation Approach
- Conducting training courses on the role of suppliers in sustainable business operations.
Supplier Development and Capacity Building 2023
EGCO Group recognizes the critical role suppliers play in our sustainability journey. We are committed to foster a collaboration that enhances supplier awareness and promotes the robust ESG practices throughout our supply chain. We achieve this through a dedicated program of ‘Supplier information/trainings on company's supplier ESG Program’, Process, and Requirements’, known as EGCO Supplier Days.
This session will be held annually. EGCO Supplier Days provide a comprehensive platform for suppliers to gain the knowledge to integrate ESG principles into their operations, a clear understanding of EGCO Group's ESG goals, and expectations, and key performance indicators (KPIs) for suppliers and guidance on implementing corrective and improvement actions to enhance their ESG performance as well as EGCO requirements.
Supplier Day 2023 was held on 14th December 2023 with a focus on specific topics, including:
- EGCO Supplier Code of Conduct: This focused on EGCO's expectations for responsible sourcing, including labor practices, environmental impact, and ethical business conduct.
- Green Procurement: This training covers sustainable procurement practices, including responsible sourcing strategies.
- Eco-Efficiency: Suppliers learn about resource efficiency techniques to minimize waste and energy consumption throughout their production processes.
- Human Rights: Training focuses on the principles of human rights and their application within the supply chain, including identifying and mitigating potential risks.
Beyond education, the day fostered collaboration through interactive sessions and networking opportunities, allowing suppliers to share their best ESG practices. Supplier Day also recognized outstanding ESG performance and inspiring continuous improvement to empower suppliers and strengthen our collaborative environment for a more sustainable future.
Benefits of the Project
- Enhanced supplier awareness of EGCO Group's Supplier Sustainability Goals and Targets as well as Supplier Code of Conduct.
- Improved supplier ESG performance through knowledge and practical guidance.
- Stronger supplier relationships built on open communication and collaboration.
- Enhanced suppliers' strength and empowered them for sustainable operation.
- Minimized ESG risks arising in the value chain.
- Strengthened relationships.
Implementation Approach
- Developing training topics in line with supplier needs
- Provide advice and support for implementing sustainable practices through.
- Equip suppliers with knowledge and resources to enhance ESG performance.
- Facilitate knowledge sharing and best practice exchange among suppliers to encourage sustainability practices.
- Publicly acknowledge and reward outstanding supplier performance in ESG aspects.
Supplier Assessment and Technical Support Programs
EGCO prioritizes the sustainability of its supply chain by conducting supplier audits. These audits ensure alignment with EGCO established Supplier Code of Conduct and ESG requirements. Beyond ensuring compliance, EGCO fosters continuous improvement by providing in-depth technical support programs to build capacity and ESG performance in suppliers during the audit process. This targeted support aligns with our technical support programs and focuses on critical areas like environmental, social, and governance (ESG) aspects, along with safety. For example, this support may involve sharing knowledge on chemical management, best practices for mechanical and construction services, and responsible workforce practices. Following the audit, suppliers receive a comprehensive report that includes access to industry benchmarks comparing their ESG performance against peers. This transparency empowers suppliers to identify areas for improvement, build capacity, and ultimately elevate their overall ESG performance.
Benefits of the Project
- Enhanced supply chain sustainability and risk mitigation
- Improved supplier ESG performance through knowledge and practical guidance.
Implementation Approach
- Conduct audits to verify supplier adherence to EGCO’s Suppliers Code of Conduct and ESG requirements.
- Provide targeted support to help suppliers improve their ESG practices.
- Provide peers’ comparisons to identify areas for growth.
EGCO Group Supplier Day 2023
EGCO Group organized “EGCO Group Supplier Day” for the 6th consecutive year on the theme “Cleaner, Smarter, and Stronger to Drive Sustainable Growth” to encourage suppliers’ adoption of sustainable operational practice and optimize supplier chain management to the full extent, with the emphasis on raising awareness and reducing ESG risks. This activity also aims to explore the satisfaction levels of significant suppliers and high-risk suppliers regarding EGCO Group’s ESG management, to maintain the levels of relationship with suppliers who have consistently provided excellent cooperation.
“EGCO Group Supplier Day” was arranged on 14 December 2023 at Rajpruek Ballroom, Rajpruek Club, Bangkok. The representatives of 27 critical/significant suppliers and approximately 100 participants attended the event.
Activities in the event included the awarding of certificates to significant suppliers who demonstrated outstanding performance on ESG operations i.e. Gulkul Power Co., Ltd. and EthosEnergy (Thailand) Co., Ltd.
Experiences were shared with other suppliers for integrating into their own businesses. Sustainable knowledge and awareness were also presented by Mr. Chanut Wudhiwigaigarn, founder of the Facebook Group “Yaek Kaya Kun Ter” or “Let’s Separate Waste” who provided waste separation information in an entertaining way and gained hundreds or thousands of followers, thereby creating a ripple effect in the community.
Another speaker from a sustainability consultant firm, ERM-Siam Co., Ltd., also participated in the event. Activities in this event focused on building good relationships with significant suppliers, raising sustainable awareness, and exchanging experiences regarding sustainable operations.
The main topics of this meeting comprise the following.
- Sustainable Supply Chain, with a focus on potential risks, as well as preventive, management, and corrective approaches.
- Efficient Resources Usage of raw materials, energy, and fuels to minimize energy consumption during the production process as well as waste minimization.
- Human Rights which included regulations. Examples or case studies were discussed to emphasize the importance of human rights risk management and corrective action.
Benefits of the Project
- Strengthen relationship and commitment between suppliers and EGCO Group for a collaboration in improving sustainable operations of suppliers.
- Minimize ESG risks that may arise from significant suppliers and high-risk suppliers.
- Highlight EGCO Group’s sustainable policy and implementation approach for consistent development of supplier management.
Implementation Approach
- Arrangement of “EGCO Group Supplier Day” event annually.
