Commitment to Biodiversity Management

Golden Lime Public Company Limited and its group of companies (“The Company”, “SUTHA” ) places importance of values in Land is considered a natural resource that benefits businesses and human beings. SUTHA attempts to take responsibility in maintaining ecosystem and restoring nature and enhancing biodiversity including the ecosystem life cycles related to the business operations and the SDGs Goal 15 of the 2030 Agenda for Sustainable Development is devoted to “protect, restore and promote sustainable use of terrestrial ecosystems, sustainably manage forests, combat desertification, and halt and reverse land degradation and halt biodiversity loss”.

 

Definition

Biodiversity defined by the International Union of Conservation or Nature and Natural Resources ( IUCN), biodiversity means 'the variability among living organisms from all sources, including terrestrial, marine and other aquatic eco- systems and the ecological complexes of which they are part; this includes diversity within species, between species and of ecosystems'.

The Company examines the relationship between its business activities and their effects on biodiversity and ecosystems to pinpoint potential risks and opportunities, which will lead to the development of business activities that consider the sustainable use of natural resources.

Commitment to biodiversity management

SUTHA, as an organization, that dedicates to manufacturing products and providing services that convey the value and advantages to the production sectors, encompassing both industry and agriculture, both domestically and internationally. Recognizing the significance of biodiversity, the Company integrates its operations and practices within the context of its business activities by formulating a development plan that aligns with the objectives outlined in the National biodiversity strategies and action plan.

The Office of Natural Resources and Environmental Policy and Planning (ONEP) has disclosed the international cooperation framework that emerged from the Kunming-Montreal Global Biodiversity Framework meeting held on January 30, 2023. The summary of the collaborative biodiversity framework among the conference participants is categorized into three distinct groups;

• Mitigate risks to biodiversity by enhancing and expanding regions rich in biodiversity, minimizing pollution, and eradicating invasive alien species that pose a threat to ecological balance.
• Ensure the sustainable utilization of biodiversity through the adoption of bio-based products and the environmentally responsible management of agricultural and fishery sectors.
• Establish frameworks to encourage the integration of biodiversity considerations across all sectors, fostering inclusive participation.

The ONEP has established a national strategy to drive biodiversity. 2023 – 2047 ( Long-term Strategy Approach to Mainstreaming Biodiversity of Thailand) consists of:

Strategy 1 : Promote biodiversity by ensuring that all relevant government agencies actively implement policies at the governmental level.

Strategy 2 : Integrate biodiversity into the operations and practices of the business sector, particularly in key economic areas such as agriculture, services, industry, and finance.

Strategy 3 : Foster biodiversity within society to enhance the quality of life and overall well-being for all individuals.

The Company is dedicated to the principles of sustainability development. On November 10, 2023, the Board of Directors endorsed the Sustainability Development and Environmental and Social Responsibility Policy, which establishes a framework for environmental management and the integration of biodiversity (E 6). This policy outlines guidelines for managing biodiversity as an integral component of sustainable environmental development.

Principle

As the business activities of the Company and its subsidiaries are related to resource groups and rely on natural resources for production, which in the business area may affect and/or create an impact on the ecosystem, the Company has established management guidelines to prevent risks that may arise from violating regulations that may affect the ability to renew the licenses for business operations of the Company and its subsidiaries, including preventing damage to reputation, and has established business guidelines to be consistent with the guidelines for preserving the ecosystem and biodiversity.

Guidelines

• The Company has established and disclosed a biodiversity policy that recognizes and aims to reduce impacts from business operations and promotes and places importance on the maintenance of biodiversity. It is considered a business responsibility and one of its duties to help drive development to maintain and return value to the ecosystem and to place importance on restoring nature and enhancing biodiversity, including the life cycles related to the ecosystem (Ecosystem) which are related to the Company's business operations. It has set guidelines to support biodiversity management and set guidelines for land use of the Company.
• Actions are being taken to preserve or protect biodiversity. or there is restoration of the natural environment or ecosystem in the activities or departments that may be affected by the business process

Governance Structure

Formulate practices for the oversight and assessment of environmental management, ensuring that biodiversity initiatives are integrated into the development processes guided by the environmental policies of the Company and its subsidiaries. The collaborative supervision and execution include:

Board of Directors

• Evaluate, endorse, and assess existing biodiversity management policies and guidelines that align with environmental conditions and risk factors, encompassing business activities and stakeholders across the value chain, with periodic reviews as necessary.
• Oversee business operations to ensure adherence to applicable laws, regulations, policies, and practices, while actively encouraging the practical application of these policies.
• Guide and assist management in performing a Biodiversity Check to guarantee effective risk management.
• Review the proposed annual biodiversity performance outcomes and offer recommendations that may assist management in fostering appropriate development and enhancement.
• Advocate for and assist management in integrating biodiversity management into the organizational operational culture.

Executives

• Develop criteria, procedures, and guidelines for conducting biodiversity analysis and assessment (Biodiversity Check), ensuring that biodiversity management guidelines are tailored to the specific context and comply with the relevant policies, procedures, and laws of the country where the business operates.
• Create an organizational framework that defines clear responsibilities and roles, while ensuring the allocation of adequate and appropriate resources.
• Set forth objectives, targets, strategies, plans, and indicators to facilitate effective and comprehensive biodiversity management.
• Oversee, manage, and assist employees, business partners, allies, and key stakeholders in adhering to laws, policies, measures, and regulations pertaining to biodiversity, while enhancing practices for improved efficiency.
• Foster and advocate for a culture of ecosystem and biodiversity protection by effectively communicating the importance of these values to all employees and relevant stakeholders.
• Prepare performance reports detailing the outcomes of biodiversity initiatives for presentation to the Board and stakeholders.
• Establish mechanisms for reporting and addressing complaints regarding breaches of biodiversity management, including procedures for complaints and protections for whistleblowers, complainants, and reporters.

Designated personnel or the Risk Management and Sustainability Development Committee.

• Develop clear strategic plans, action plans and biodiversity management measures that are consistent with the business context.
• Establish a process for disclosing and reporting biodiversity management information that is clear, transparent and accountable.
• Conduct a biodiversity assessment ( Biodiversity Check) and provide guidelines for prevention and mitigation of actual or potential impacts.
• Report information on significant biodiversity issues (if any) to the management regularly and report immediately when any unusual events occur.
• Internal control, risk management and monitoring of policy compliance to ensure efficiency and strictness, including reporting and following up with relevant departments to ensure regular adjustments.
• Monitor, inspect, collect data and prepare reports on biodiversity management, as well as manage disclosure of information to the Company's executives, board of directors and stakeholders on an annual basis in order to comply with the framework set by regulatory agencies.
• Coordinate and integrate cooperation with relevant individuals, agencies or stakeholders to jointly determine measures, management, control mechanisms, responses and problem solving.
• Participate in reviewing biodiversity policies to ensure compliance with relevant laws, regulations, practices and standards.

Employee

• Learn, understand and comply with relevant laws, regulations, rules, policies and practices, including standards.
• Communicate and transfer knowledge about the company's biodiversity policies and goals to business partners, customers, communities, business partners and relevant stakeholders.
• In the event of observing any misconduct or actions that could potentially breach the policy, kindly submit the information or file a complaint via the company's whistleblowing channel.