{"id":40538,"date":"2024-01-10T12:52:33","date_gmt":"2024-01-10T05:52:33","guid":{"rendered":"https:\/\/ir.mfec.co.th\/uncategorized\/climate-change-management\/"},"modified":"2024-05-24T13:32:57","modified_gmt":"2024-05-24T06:32:57","slug":"climate-change-management","status":"publish","type":"post","link":"https:\/\/ir.mfec.co.th\/en\/sustainability\/climate-change-management\/","title":{"rendered":"Climate Change Management"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"40538\" class=\"elementor elementor-40538\">\n\t\t\t\t<div class=\"elementor-element elementor-element-75ef7d99 e-flex e-con-boxed e-con e-parent\" data-id=\"75ef7d99\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-55993e4e elementor-widget elementor-widget-text-editor\" data-id=\"55993e4e\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\n<p><strong>Climate Change Management<\/strong>\u00a0 \u00a0<\/p>\n<p>\u00a0 \u00a0 \u00a0 Climate change risks, as well as risks from natural disasters, can affect the company\u2019s business operations and may cause disruptions throughout the value chain. They can also affect the valuation of assets, business value, and employee safety. Therefore, the company places great importance on climate change management and recognizes the significance of climate-related risks and opportunities. It regularly assesses the impacts on its business and performance.<\/p>\n<p>\u00a0 \u00a0 \u00a0 The goal of mitigating climate change risk is to reduce the impact of human activities that contribute to climate change. We aim to decrease greenhouse gas emissions and maintain global temperatures at a sustainable level. This includes reducing greenhouse gas emissions, promoting industrial responsibility for emission reductions by utilizing efficient risk mitigation technologies, and fostering education and understanding about the importance of mitigating climate change risks.<\/p>\n<p><strong>Climate Governance<\/strong><\/p>\n<p>\u00a0 \u00a0 MFEC acknowledges the risks posed by climate change and its impact on business operations. Senior executives have a crucial role in overseeing climate-related risk and opportunity management as follows:<\/p>\n<p>1. Define roles and assign responsibilities for managing climate change.<\/p>\n<p>2. Monitor risk indicators and integrate climate-related risks and opportunities.<\/p>\n<p>3. Review and enhance processes related to climate change management.<\/p>\n<p>4. Support the development of knowledge and skills among personnel for managing climate change.<\/p>\n<p>\u00a0 \u00a0 \u00a0 The company has established a governance structure for climate change management, spanning from the Board of Directors level down to operational levels. This ensures operational management aligns with the company\u2019s vision and mission. The committee responsible for overseeing climate change management is the Risk Management, Corporate Governance and Sustainability Committee. This committee sets sustainability management goals, oversees risk management operations covering climate change risks, and governs sustainability management which includes climate change management. Meetings are held quarterly to monitor risks and determine relevant control measures. Additionally, there is a Sustainability Working Team that reviews sustainable development operations, drives implementation, and fosters participation in projects under the sustainable development framework with relevant internal and external parties. Climate change risk factors are analyzed and presented to the Risk Management, Corporate Governance and Sustainability Committee to integrate climate change risks into the organization\u2019s overall risk management for continued oversight.<\/p>\n<p><strong>Assessment of Climate Change Risks That May Impact Business Operations<\/strong><\/p>\n<p>\u00a0 \u00a0 \u00a0 A risk analysis is conducted to report to the Board of Directors, identifying and assessing climate change risks that may impact the company\u2019s operations, finances, and reputation. This covers cases of climate volatility, greenhouse gas management, regulatory changes, as well as shifts in customer consumption behavior.<\/p>\n<p><strong>Climate Change Risks and Impacts<\/strong><\/p>\n<p>\u00a0 \u00a0 \u00a0 Climate change risks and impacts can be categorized into two types: transition risks and physical risks.<\/p>\n<p>\u00b7 Transition Risks refer to the risks arising from societal and economic shifts toward a lower-carbon economy to address global warming.<\/p>\n<p>\u00b7 Physical Risks are risks associated with changes in the natural environment due to global warming and other related climate changes. Examples of changes in the natural environment include rising temperatures and abnormal severe weather events such as storms, floods, droughts, and greenhouse gas emissions.<\/p>\n<p><strong>Climate Change Risks to Organizational Sustainability<\/strong><\/p>\n<p>\u00a0 \u00a0 \u00a0 The company has identified significant climate change-related risks and opportunities, including both transition risks and physical risks. Measures have been established to address these risks:<\/p>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-dc9f173 e-flex e-con-boxed e-con e-parent\" data-id=\"dc9f173\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-1dd36e0 elementor-widget__width-inherit elementor-widget elementor-widget-data_table_lite\" data-id=\"1dd36e0\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"data_table_lite.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\" graphina-jquery-data-table\"\n\tdata-element_id=\"1dd36e0\"\n\tdata-common_filter_id=\"\"\n\tdata-chart_type=\"data_table_lite\"\n\tdata-chart_data='{&quot;columns&quot;:[{&quot;title&quot;:&quot;Climate Change Risks&quot;},{&quot;title&quot;:&quot;Mitigation Measures&quot;}],&quot;data&quot;:[[&quot;Transition Risk&quot;,&quot;Transition Risk&quot;],[&quot;\\u00b7 Customer  demands shift toward  using sustainable  products, requiring the  organization to develop  new products and invest  in research and  development (R&amp;D) to  meet customer needs.\\u202f&quot;,&quot;\\u00b7 Invest in R&amp;D to enable the organization to innovate and develop systems to collect data related to greenhouse gases (GHG), including energy usage and carbon emissions, across all organizational activities. This helps identify how the organization can reduce energy use and make processes more sustainable.\\u202f&quot;],[&quot;\\u00b7 As  governments place  greater emphasis on  sustainability and impose  stricter regulations  around energy use and  carbon emissions, this  will impact  organizational operations  that may need to adapt to  comply with these  requirements.\\u202f&quot;,&quot;\\u00b7 Regularly review the organization\\u2019s practices to ensure compliance with regulations, such as verifying that technology investments and practices align with requirements to prepare for future changes. \\u00b7 The company participates in the \\u201cCare The Bear\\u201d project under the \\u201cChange The Climate Change\\u201d initiative established by the Stock Exchange of Thailand, demonstrating collaboration to reduce GHG emissions from internal corporate activities.\\u202f&quot;],[&quot;Physical RIsk&quot;,&quot;Physical Risk&quot;],[&quot;\\u00b7 Abnormal  severe weather events may  cause disruptions to the  supply chain and resource  procurement issues, which  could impact the  organization\\u2019s ability to  meet customer demands in  a timely manner.\\u202f&quot;,&quot;\\u00b7 Procure goods from multiple vendors so that the organization\\u2019s supply is not reliant on any single vendor. This avoids supply chain disruptions when abnormal weather events or other issues occur. The organization will also analyze data to identify if any supply chains experienced significant disruptions during certain periods and adjust operations accordingly.\\u202f\\u202f\\u202f\\u202f&quot;],[&quot;\\u00b7 Rising  temperatures and severe  weather events impact the  operations of the  organization\\u2019s data centers,  potentially leading to  outages or even loss of  network connectivity in  affected areas.\\u202f&quot;,&quot;\\u00b7 Impacts on data center operations can be managed by migrating operations to the cloud, especially for critical business functions. Other strategies include developing a business continuity plan to prepare relevant personnel to efficiently handle potential incidents and maintain operations.\\u202f&quot;]],&quot;searching&quot;:false,&quot;paging&quot;:false,&quot;info&quot;:false,&quot;lengthChange&quot;:false,&quot;sort&quot;:false,&quot;pagingType&quot;:&quot;full&quot;,&quot;scrollX&quot;:true,&quot;scrollY&quot;:&quot;&quot;,&quot;pageLength&quot;:10,&quot;responsive&quot;:true,&quot;dom&quot;:&quot;Bfrtip&quot;,&quot;lengthMenu&quot;:[[10,50,100,-1],[10,50,100,&quot;All&quot;]],&quot;buttons&quot;:[],&quot;columnDefs&quot;:[{&quot;className&quot;:&quot;dt-head-center&quot;,&quot;targets&quot;:&quot;_all&quot;},{&quot;className&quot;:&quot;dt-center&quot;,&quot;targets&quot;:&quot;_all&quot;}],&quot;deferRender&quot;:true,&quot;language&quot;:{&quot;search&quot;:&quot;&quot;,&quot;info&quot;:&quot;Showing _START_ to _END_ of _TOTAL_ 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This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Climate Change Management - MFEC Public Company Limited<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ir.mfec.co.th\/en\/sustainability\/climate-change-management\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Climate Change Management - MFEC Public Company Limited\" \/>\n<meta property=\"og:description\" content=\"\u0e04\u0e27\u0e32\u0e21\u0e40\u0e2a\u0e35\u0e48\u0e22\u0e07\u0e17\u0e32\u0e07\u0e14\u0e49\u0e32\u0e19\u0e01\u0e32\u0e23\u0e40\u0e1b\u0e25\u0e35\u0e48\u0e22\u0e19\u0e41\u0e1b\u0e25\u0e07\u0e2a\u0e20\u0e32\u0e1e\u0e20\u0e39\u0e21\u0e34\u0e2d\u0e32\u0e01\u0e32\u0e28 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