WHA Group commits to achieving Net Zero Greenhouse Gas Emissions by 2050
WHA Group is committed to conducting business while creating sustainable growth with all stakeholders by giving importance to environment, social and good governance practices. One of the key issues that the Company determines to achieve is to accelerate sustainable climate change action to solve greenhouse gas and global warming issues by reducing greenhouse gas emissions as well as building important infrastructures such as promoting the use of renewable energy and using relevant technologies and innovations throughout the Group's value chain. This ambitious actions will be in line with global trends in responding to climate change issues including Thailand's goal of achieving carbon neutrality by 2030 and net zero greenhouse gas emissions by 2050.
To develop a net zero roadmap, WHA Group has initiated the following climate-action interventions through its core business operations such as developing and constructing new project focusing on resource efficiency. Moreover, the Group pushes to reduce energy consumption from sources that generate greenhouse gases as much as possible by promoting the use of renewable energy with the accomplishment to increase production capacity of solar rooftop totaling of 311 megawatts in 2023. The Group is also committed to reducing its dependence on natural resources through the water reclamation projects which directly reduces the use of raw water from natural sources and also established a long-term target to double water reclamation capacity from 30,200 m3 per day in 2020 to 60,400 m3 per day by 2027.
WHA Group also committed to achieving net zero emissions target by 2050 in line with the Science Based Targets initiative (SBTi). Therefore, we set short-term and long-term emission reduction targets linked to our net-zero commitment according to the SBTi guidelines as follows:
SHORT-TERM EMISSION REDUCTION TARGETS
- Absolute greenhouse gas emission reduction target (Scope 1 and 2) by 18.7 by 2025 from the base year 2021.
- Greenhouse gas emission intensity target per total revenue and share of profit (Scope 1 and 2) to be 1.45 tCO2e per 1 million THB of total revenue and share of profit by 2025 from the base year 2021.
LONG-TERM EMISSION REDUCTION TARGETS
- Absolute greenhouse gas emission reduction target (Scope 1 and 2) by 42% by 2030 and by 90% by 2050 from the base year 2021.
- Greenhouse gas emission reduction target (Scope 3) by reducing intensity emissions for investments by 74% by 2030 and by 90% by 2050 from the base year 2021.
We also commit to seek validation to these targets by the SBTi within 2025.
Greenhouse Gas Emissions
| Performance | Unit | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Scope 1 emissions | ton CO2e | 645 | 1,563 | 1,146 | 1,322 | 1,401 |
| Scope 2 emissions | ton CO2e | 18,671 | 16,389 | 18,104 | 15,722 | 17,209 |
| Scope 3 emissions* | ton CO2e | N/A | N/A | 116,422 | 2,546,778 | 2,431,638 |
*Remarks: Please note that Scope 3 emissions for the year 2021 include data from only categories 1, 3, and 5. For the years 2022 and 2023, please refer to the detailed breakdown in the table below.
| Scope 3 Emissions | |
|---|---|
| Category 1: Purchased goods and services | Focus on key activities of business excluding purchased services in each business hub. |
| Category 2: Capital goods | New warehouses and/or factories and/or buildings of developed by WHA Group (Logistics and Industrial Development Hubs) including solar system installation by WHAUP. |
| Category 3: Fuel and energy-related activities | Electricity and fuel usage in scope 1 and scope 2. |
| Category 4: Upstream transportation & distribution | Transportation of raw materials and products for Utilities Business and Solar Power Business. |
| Category 5: Waste generated in operations | Waste disposal and wastewater treatment by third parties which do not include emissions from the transportation of waste. |
| Category 6: Business travel | Insufficient activity data not available for calculation. |
| Category 7: Employee commuting | Employees commuting by car, motorcycle, and shuttle bus which does not include working from home activity. |
| Category 8: Upstream leased assets | An activity does not occur within the organization. |
| Category 9: Downstream transportation & distribution | An activity does not occur within the organization. |
| Category 10: Processing of sold products | An activity does not occur within the organization. |
| Category 11: Use of sold products | Electricity used in Built-to-Suit Warehouses, Ready Built Factories/Warehouses and buildings that the company monetized to others. |
| Category 12: End of life treatment of sold products | End-of-life treatment of solar panel. |
| Category 13: Downstream leased asset | Electricity usage of tenants in Built-to-Suit Warehouse, Ready Built Factories/Warehouses and buildings. |
| Category 14: Franchises | An activity does not occur within the organization. |
| Category 15: Investments | Investments in fossil fuel power plants (coal and natural gas). |
| Breakdown of Scope 3 Emissions Categories (tCO2e) | 2022 | 2023 | Target for 2023 |
|---|---|---|---|
| Category 1: Purchased goods and services | 16,899 | 16,596 | |
| Category 2: Capital goods | 105,621 | 160,346 | |
| Category 3: Fuel and energy-related activities | 3,784 | 4,091 | |
| Category 4: Upstream transportation & distribution | 2,053 | 2,311 | |
| Category 5: Waste generated in operations | 6,337 | 3,437 | |
| Category 6: Business travel | N/A | N/A | |
| Category 7: Employee commuting | 1,375 | 1,503 | |
| Category 8: Upstream leased assets | N/A | N/A | |
| Category 9: Downstream transportation & distribution | N/A | N/A | |
| Category 10: Processing of sold products | N/A | N/A | |
| Category 11: Use of sold products | 300,371 | 117,920 | |
| Category 12: End of life treatment of sold products | 1,343 | 11,343 | |
| Category 13: Downstream leased asset | 61,201 | 66,296 | |
| Category 14: Franchises | N/A | N/A | |
| Category 15: Investments | 2,047,794 | 2,047,794 | |
| Total | 2,546,778 | 2,431,638 | 2,500,000 |
