SDGs :

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 is determined 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. These 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 projects 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 install capacity of the on-site solar photovoltaic (PV) system is 3.7 MW, generating electricity for WHA’s own consumption of around 2.6 million kWh (equivalent to 5.30% of total energy consumption).

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 42% by 2030 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.
• Greenhouse gas emission reduction target (Scope 3) by reducing intensity emissions for investments by 74% by 2030 from the base year 2021.
• Absolute GHG emission reduction target (Scope 1 and 2) by 18.7% by 2025 from the base year 2021.

LONG-TERM EMISSION REDUCTION TARGETS

• Absolute greenhouse gas emission reduction target (Scope 1 and 2) by 90% and to reaching net zero emissions by 2050 compared to the 2021 baseline.
• Greenhouse gas emission reduction target (Scope 3) by reducing intensity emissions for investments to reaching net zero emissions by 2050 compared to the 2021 baseline.

To achieve our net zero emissions target by 2050, apart from reducing emission across our own operation and value chain. WHA Group target to implement programs or activities to neutralize residual emissions (scope 1, 2 & 3 reduction) through

1. Operational Program - Nature Based Solutions, particularly through reforestation or afforestation activities, such as tree planting and maintenance under the "Let's Zero Together" program (See program content, PDF p224-225). The registration and verification of these projects for high-quality carbon credit generation are currently under study.

2. Purchasing carbon offset credits - WHA Group plans to acquire high-quality carbon credits to neutralize residual emissions that cannot be eliminated through its own decarbonization efforts, to supporting the achievement of its net-zero target

Greenhouse Gas Emissions