Policy, Strategies and Goals for Sustainability

TVO delivers a quality of life to consumers, employees, communities and the environment. Start from the raw material purchasing process until delivering products to the consumers to contribute to the sustainability of the organization.

Sustainability Policy

TVO aims to conduct operation for the purpose of stable growths, deliver a good quality of life to consumers, employees, and communities, along with take care of the environment to create value for all stakeholders, starting from raw material procurement, production, and delivery to consumers under good governance principles to create a society of sustainable coexistence.

Sustainability Strategies

TVO establishes sustainability strategies to align its various operations with sustainable development policies, support the organization's core strategies across the seven dimensions*, and integrate with the United Nations Sustainable Development Goals (SDGs) as follows

Strategies of Sustainable Development SDGs
1. Foster strategic collaborations throughout the value chain to develop sustainable products.
Integrate collaboration with stakeholders throughout the value chain under the principles of good corporate governance, starting from raw material management, environmentally conscious production, and food safety with modern technology. Address current consumption trends to deliver high-quality products that support people's nutritional needs.
2. Integrate a Green Culture in the operation throughout the product lifecycle.
Commit to continuously improving our production processes, leveraging innovations and technologies to efficiently utilize resources in all aspects. Our goal is to become a net-zero greenhouse gas emissions organization, maintain the balance of ecosystems, and sustainably coexist.
3. Create balanced shared value for all stakeholders.
Support collaborative initiatives with all stakeholders under principles of good corporate governance, coupled with creating societal and community benefits, reducing social inequalities, and elevating the sustainable quality of life in surrounding communities.

Sustainable Development Goals

Environmental Sustainability

Climate Change and Energy Management
  • Reducing GHG emissions by 20% by 2035 (base year 2021)
  • Reach the goals of “Carbon Neutrality by 2045” and “Net Zero Greenhouse Gas Emissions by 2060” (Scope 1 and 2).
  • Energy consumption intensity in production process 1.47 GJ / ton Soybeans by 2024

Water Management

Water withdrawal intensity in production process 0.85 M3/ ton Soybeans by 2024


Waste Management

Percentage of waste utilization more than 95% of total waste

Social Sustainability

Human Rights

No human rights complaint


Employee Caring and Development
  • Increasing the average training hours for employees at all levels to a minimum of 18 hours/person/year by the year 2024
  • Employee engagement level with the organization of at least 80% by the year 2024

Safety and Occupational Health
  • Zero Accident, No work-related lost time injury continuous for 6,000,000 working hours within 2024
  • The Lost Time Injury Frequency Rate (LTIFR) for employees is 0 cases per 200,000 working hours within 2024
  • Total Recordable Injuries Rate (TRIR) did not exceed 0.22 within 2024 and lower than the industry average in Starch and Vegetable Fats and Oil Manufacturing (NAICS 311220), with a value of 0.8

Participation in Community and Social Development
  • No significant complaints from the community
  • The number of projects or activities aims at promoting the quality of life in the community is no less than 3 projects
  • The average community satisfaction rating for activity or project evaluation is no less than 90%

Governance and Economic Sustainability

Code of Conduct

Employees at all levels to complete 100% assessment of Code of Conduct by 2024


Anti-Corruption

Support and advise at least one supplier to participate in the self-assessment until receive certification as a member of Thailand’s Private Sector Anti-Corruption Coalition (CAC) by 2024


Sustainable Supply Chain
  • Achieve 100% acknowledgment and fully signing of the Supplier Code of Conduct by 2024
  • Achieve 50% of the total procurement volume from chemical and packaging suppliers by 2028
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