Sustainable Development

  • Environmental Policy
  • Sustainability Development

Environmental Management Policy

Plan B Media Public Company Limited (“the Company”) fully recognizes its responsibility to sustainable business operations covering 3 dimensions of economy, society and environment under good corporate governance principles. By recognizing and giving importance to minimizing environmental impacts from its business operations, products and services, the Company has formulated a Sustainable Development policy to develop operational processes and create innovation in order to alleviating unfavorable environmental impacts which may occur as well as developing appropriate sustainability strategies and plans.

To support the operations strategy towards sustainability, the Company identified aspects and scope to promote the sustainable development of organizations, including establishing sustainable development goals to aligned its business policy in accordance with international standards and sustainability standards for continuous development following the United Nations Sustainable Development Goals (SDGs) under the UN Global Compact.

The Company also recognition of increased competitive advantage and business opportunities from active environmental efforts and natural capital management. Hence, the Company has announced its Environmental Management Policy. The policy is applicable to all subsidiaries, addressing the communication and strengthening of engagement to ascertain adherence to the guideline of good practice throughout the entire corporate value chain, through the participation of managements, employees, partners and relevant stakeholders.

To accomplish the goals, The Company has adopted a Sustainable Development framework and policy as part of its operations. By establishing an organizational strategy in supporting 7 of the 17 Sustainable Development Goals (SDGs), which are relevant with the Company’s capacity and potential to mobilize sustainable development in all steps towards the entire corporate value chain.

2020 Environmental Management Targets

  • Recycling waste materials from vinyl as well as stickers used for advertising media on air-conditioned buses and adapting to add value and conserve the environment 10% per year
  • Energy-saving lighting billboard by replacing the light bulbs from fluorescent tubes to LED totaling 100% within 2021, which contain no mercury and able to reduce Co2 emissions up to 44 kg / bulb / year or up to 78% reduction
  • Reducing the use of bus washing water by changing in the cleaning procedure, such as replacement spigot, change in the cleaning procedure from top to bottom and regularly check the availability of the equipment to make sure that no water discharge.

Supply Chain

Stakeholders

Stakeholders Issues Channels
1. Communities / Social / Audience
  • Provide high-quality media
  • Society, community and environment development
  • Provide media credibility
  • Land survey before media installation
  • Community and social development activities
  • Using media space to distribution of useful news
  • Quality improvement of media
2. Customers / Consumers
  • Provide high-quality media
  • Provide media credibility
  • Quality and content development of products and services
  • Customer satisfaction survey
  • Complaint center
 
3. Partners / Strategic Partners
  • Provide high-quality media
  • Technology knowledge / innovation
  • Good corporate governance
  • Fair trade and reasonable price
  • Transparent, fair and verifiable procurement system
  • Meeting with partners
  • Partner selection processes
  • Audience measurement development with partners
  • Qiuality improvement of media with partners
4. Employees
  • Occupational Health & Safety
  • Training and Human Resources Development
  • Career path
  • Compensation, benefits and welfare
  • Employee engagement
  • Human rights according to International Standards and Principles
  • Internal Application (Biosoft)
  • E-newsletter
  • Annual satisfaction survey
  • Annual performance evaluation
  • CEO Townhall
5. Shareholders / Investors
  • Good corporate governance
  • Full and transparent information disclosure
  • Driving the organization towards sustainability
  • AGM
  • Website / Email / Tel.
  • Management Interview
  • Opp Day / Company Visit / Road show / Con. Call
  • IR Newsletter
6. Government
  • Compliance with relevant laws and regulations
  • Transparency in bidding / concessions
  • Being a good corporate for responsible business practices
  • Provide media credibility
  • Good corporate governance
  • Disclosure of business information
  • Using media space to distribution of useful news
  • Cooperate and support in related projects

Stakeholder Analysis and Materiality Analysis

The Company identified material aspects and scope of each aspect through a workshop with high-ranking executives, based on the internal and external factors of the Organization, i.e., such as Thai Wah’s strategic Direction, Sustainability Direction, and Risks and Opportunities, as well as material aspects benchmarked against industry peers, and global sustainability trends identified from international sustainability standards.

The Company analyzed and prioritized the aspects identified in Step 1 through a workshop with high-ranking executives and heads of concerned business departments. The analysis and prioritization was conducted based on two conditions: significance to Thai Wah’s business operation and to external stakeholders, i.e., business partners, customers, public sector, and social sector.

The Company, through our Sustainability Development Department, primarily validated the identified material aspects, along with conducting interviews with external stakeholders, which are Capital Market Developers, and Business Partners, to gather their opinions on aspects that are significant to the sustainability of business operation, in accordance with the guideline of principles of GRI Standards. The validated material aspects were then presented to the Corporate Governance Committee to approve and confirm that they are under the boundary of the organization’s internal and external impacts.

The Company provides channel for feedback, views, and suggestions in order to develop and improve the contents for the next year’s report. We continue to adhere to the stakeholder engagement and sustainability context principles.

Materiality Matrix

Sustainability Development Framework

SDGs