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Sustainability
Biodiversity Management
Commitment to Biodiversity Management
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.
The business factor related to negative and positive impacts to biodiversity
1. Climate Change
Negative impact : Emissions production
Positive impact : Emissions reduction
Business approach/Opportunity
- Carbon credit market and innovation, etc
- Carbon farming – soil, seaweed, mangroves, forests, etc.
- Carbon credit market and innovation, etc
2. Land/freshwater/Ocean use change
Negative impact : Degradation of environmental
Positive impact : Regeneration of environmental asset quality
Business approach/Opportunity
- Rewilding
- Conservation and restoration
- Rewilding
3. Resource use/replenishment
Negative impact : Depletion in quality and quantity of ecosystem services
Positive impact : Increase in quality and quantity of ecosystem services
Business approach/Opportunity
- Conservation and restoration, to increase provision of ecosystem services (e.g. harvesting water, returning waste water to water catchments)
- Cultivation of native species beyond baseline
4. Pollution/Pollution removal
Negative impact : Production (pollution)
Positive impact : Pollution removal, reduction, reuse, recycling and transformation
Business approach/Opportunity
- Circular economy principles and business models from waste reuse and recycling to innovations that transform waste into new resources
5. Invasive alien/Species introduction removal
Negative impact : Introduce invasive alien species
Positive impact : Remove invasive alien species
Business approach/Opportunity
- Businesses that get paid to remove invasive species
- Businesses that conserve and restore native species (wildlife sanctuaries, rhino bond, growing coral reefs etc.)
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.
Principles
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 taken to protect and conserve Biodiversity
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:
- The Board of Directors of the Company
- 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.
- Executive
- 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.
Objectives and Strategies Communication Channels and Training Whistleblowing Channels
Objectives and Strategies Communication Channels and Training Whistleblowing Channels
Communication, Policy Communication Channels and Training
The Company disclosed its Biodiversity Policy through its website and electronic communication methods, such as email, while also storing it in a Share Folder that contains various company policies. Key individuals within the organization, including directors, executives, and staff, will receive policy documents through suitable internal communication channels. These individuals can access information for training purposes. The HR department will conduct orientation sessions to familiarize employees with the Company’s policies, ensuring they understand the best practices. Additionally, designated personnel will effectively communicate with relevant stakeholders and choose suitable methods to share knowledge about biodiversity, enhancing employees' understanding of the topic
Whistleblowing and whistleblowing channels
All who observe actions that could potentially breach the policy are encouraged to submit a complaint and provide information via the following channels:
The procedure will adhere to the Whistle-blowing Policy. The individual making the complaint or acting as a whistleblower will receive protection, and all information will remain confidential, ensuring that their position and compensation are not impacted during the investigation and after its conclusion.
Contact Location
Internal Auditor/Internal Auditor Coordinator
GOLDEN LIME PUBLIC COMPANY LIMITED 7 Soi 11, Sai 3, Moo 12, New Saraburi-Lom Sak Chong Sarika Subdistrict Phatthana Nikhom District Lopburi 15220
Tel : 036-436-178
Email : complaint@goldenlime.co.th
The secretary to the audit committee
89, Cosmo Office Park, 6th Floor, Unit H, Popular Road, Banmai Sub-district, Pakkret District, Nonthaburi Province 11120
Tel : 020-177-461 ext. 3
Fax : 020-177-460
Email : complaint@goldenlime.co.th
Punishment
The Biodiversity Policy is a fundamental component of the Company's operational framework, which Directors, Executives, and Employees shall follow as part of established policies and procedures. Any breach or failure to comply with this policy will lead to penalties for actions that contravene the Company's policies or procedures.
Biodiversity Check Report
Biodiversity Check Report
Goals and Performance and Annual Activities
Goals and Performance and Annual Activities
