At a Glance

TVO has operating in a way of sustainable development according to good governance which covers economy, society and environment to response stakeholders need and supports the Sustainable Development Goals (SDGs) of the United Nations.

Sustainability Performance in 2019

Economic Aspect

“Excellent” rating for Corporate Governance Report of Thai Listed Companies (CGR).

Certification as a membership of the Thailand's Private Sector Collective Action Coalition against Corruption (CAC)

“Zero” case of complaints and whistleblowing relating to corruption.

More than 85% customer satisfaction for consuming oils and feed raw materials.

Environmental Aspect

Extraction Plant – Use electricity at 32.2 units per ton of beans.

Refinery – Decrease electricity usage for 8% from 2018 at 38.4 units per ton of crude oil.

Steam of Extraction Plant – Decrease for 5.5% from 2018 at 311 kilograms of steam per ton of beans.

Water – Decrease water usage for 5% from 2018, or 0.75 cubic meters per ton of beans.

Decrease steam from steam generators for 3,397 tons and decrease corporate greenhouse gas emissions for 75 tons of CO2e.

Totally 46 products certified on carbon footprints reduction

Social Aspect

Announced the Human Rights Policy as the vital policy of the Company.

Achieved the safety target of no work place accidents with suspension of work for 2,000,000 consecutive working-hours.

Employees training hour average is 14 hours/person/year.

Education and Tradition Support Projects

Projects support work creation for community members and the underprivileged

61% of total employees have trained on skill development and working knowledge.

Sustainability Structure

Stakeholder Engagement

TVO addresses the value of stakeholder engagement through communication and work procedures in order to receive suggestions to meet the needs and expectations of stakeholder. The stakeholders can be classified into 8 main groups namely 1) Employees, 2) Customers 3) Suppliers 4) Shareholders 5) Community & Society 6) Farmers 7) Competitors and 8) Government Agencies. TVO has procedures that enhance stakeholder engagement through various channels as follows:

Materiality assessment and Issues of sustainability

TVO has identified, collected and assessed materiality issues of sustainability through the analyze of the related issues throughout the Company’s value chain, considering the important factors to business operation in the aspects of economy, society and environment, in accordance with requirements, expectations of and impacts towards stakeholders. The four steps of assessment and prioritization as referred to the Global Reporting Initiative (GRI) Standard are as follows:

  1. Important issue identification
    Identification of important issues regarding sustainability is carried out by considering the internal information: the Company’s business plan and management of risks which may affect sustainability; and external information: tendency of the world’s changing situation, the UN’s SDGs, as well as requirements, expectations of and impacts towards 8 groups of stakeholders; gathered from meetings, dialogues, trainings and seminars and questionnaires.
  2. Prioritization
    Prioritization of sustainability is carried out by considering the importance level of the issues for the organization and stakeholders by categorizing into two groups as follows:
    • Highly important issues for the organization and stakeholders, affecting the whole organization and operational results
    • Moderately important issues for the organization and some groups of stakeholders.
  3. Review
    Important issues regarding sustainability are considered by the Sustainable Development Promotion Working Group and approved by the CEO and the Managing Director.
  4. Verification and Constant Development of Sustainability Report
    TVO has given up opportunities for all groups of stakeholders to review and verify this sustainability report via various channels such as surveys at the end of the report or the Company’s website to gather and propose the evaluation result to the Environmental and Social Working Group for approval or improvement. The sustainability targets also improve the participation process of stakeholders to truly reflect their requirements and expectations.
Materiality Matrix
  1. Risk and Crisis Management
  2. Corporate Governance and Business Ethics
  3. Customer Relationship Management
  4. Business Performance and Growth Capability
  5. Quality products and Support well-being life for everyone
  6. Innovation
  7. Responsible Supply Chain Management and Sustainable Procurement
  8. Employees Stewardship and Development
  9. Respect for Human Rights
  10. Occupational Health and Safety
  11. Good Citizenship and Participation in creating a pleasant society
  12. Climate change and greenhouse gas emissions
  13. Energy Management
  14. Waste Management
  15. Water management
Headquarter

149 Ratchadapisek Road (Thapra-Taksin) Bukkhalow Thonburi Bangkok 10600

Factory

81/7 Moo 1, Tambon Thaiyawas Nakorn Chaisri District, Nakorn Pathom Province 73120

CONTACT

+66 2 477 9020
info@tvothai.com