AWC’s Sustainability Vision

Sustainability Vision

Deliver Long Term Sustainable Values to All Stakeholders

Message from Chairman of the BoardAsset World Corporation (AWC) is committed to the Group's vision to Building a Better Future by adopting a holistic approach to sustainability to create true value in all business processes of the Group, including the core sustainability model which is a model that all departments in the organization are a part of. To drive and create sustainable value in response to AWC’s objectives to create holistic value for the community, customers, and all stakeholders, AWC holds principles of sustainable development according to the Sustainability Management Policy which consists of 9 key points that cover the 3 dimensions of economic, social and environmental aspects to drive business throughout the value chain. The Corporate Governance and Sustainability Committee is the main driver and contributor to the preparation of concrete development plans as well as the management who works in line with AWC’s sustainability goals which is very important to all stakeholders.
Mr. Charoen Sirivadhanabhakdi,
Chairman of the Board of 
Directors Asset World Corp PCL

Sustainability Strategies

AWC is committed to sustainable business operations following both national and international frameworks and adhering to creating value in all dimensions and prioritizing every step of the business from the start to delivering quality service to its customers. We aim to provide value to our customers and stakeholders and continually create value. Therefore, we formulate and describe our sustainability strategies utilizing sustainability policy as our guideline and material issues as our apprehension of the corporate risks and opportunities

The company has developed a five-year strategic plan to outline three clear operational frameworks to foster AWC’s sustainable development. The Sustainability Framework and Goals have been acquired with a comprehensive concept to navigate the company’s engagement in the three pillars of sustainability.

AWC unveiled a strategic sustainable management framework for 2020 – 2025 detailing the company’s commitment to sustainability and achieving results based on three values benefiting customers and stakeholders:

Environmental Value

The company is committed to reducing greenhouse gas emissions through building design practices that contribute to reducing energy consumption, increasing the use of renewable and circular energy, and developing project designs that generate environmental value and tackle climate change by increasing and conserving green areas. AWC recognizes concerns over water and energy consumption in addition to other resources and opted for eco-friendly construction materials and building management practices in line with green building concepts. The company has adopted policies to reduce environmental impacts generated by its business operations through regular and comprehensive risk assessments covering the construction process, business operations, developing preventive measures, and appropriately reducing impacts on communities and the environment.

Social Value

The company builds social value through job and income creation, and by improving the livelihoods of surrounding communities through investments on socially responsible projects and creating areas within the projects for common use and which sustainably benefit the community. Socially responsible practices include contributions to local communities such as schools, hospitals, or temples close to AWC’s developments and activities to tackle malnutrition in underprivileged children, scholarships for kids in neighboring communities, and promoting education including operational and life skills training programs that contribute to a better future.

Economic Value

AWC builds confidence through strict compliance with related laws, rules, and regulations, and by adopting international standards in its operations, including measures aimed at anti-corruption, corporate social responsibility (CSR), insider trading, and a whistleblower policy, all of which contribute to sustainable growth. Furthermore, the company focuses on building awareness and understanding towards policies, management frameworks, and guidelines on sustainability with business partners, tenants, and employees, along with conducting risk assessments within the supply chain to identify business partners who can evaluate their own actions on sustainability, which in turn enables AWC to improve its services and reduce operational impacts across the supply chain. AWC is increasing its operational excellence capabilities to meet the needs of customers and tenants while monitoring, examining, assessing, and developing criteria at every stage of its business operations to promote developments and value creation through a sustainable approach.

Sustainability Governance

AWC established a Sustainability Committee to take the lead and follow-up on monitoring sustainability and operational performance. The committee, comprised of the chief executive officer and president, and the heads of all business groups, is responsible for setting strategies and the direction on sustainability, matching the company’s operations with corporate strategies, and presenting operational performance to the corporate governance committee and board of directors.

*Climate Strategy Working Team oversees Climate Change, Water Stewardship and Biodiversity
**Value Creation Working Team oversees Corporate Governance and Economic Value Creation

Our Commitment Towards UN SDGs

In addition to our aspiration to be a sustainability leader in the real estate sector, AWC is committed to driving the United Nations' Sustainable Development Goals (SDGs). By integrating the SDGs into our strategic planning and operations, we ensure that all our activities contribute to a more sustainable future. As a member of the UN Global Compact (UNGC), AWC is dedicated to responsible business practices and addressing global societal and environmental challenges. We have prioritized 12 SDGs that are most relevant to our business. The details of these goals are as follows:

End poverty in all its forms everywhere

AWC strives to strengthen community and society through the development of projects that can generate economic value and income for surrounding communities.

Achieve gender equality and empower all women and girls

AWC values the rights of all stakeholders, including non-discrimination and the elimination of all forms of violence against women and girls. AWC prioritizes gender equality, non-discrimination, and the development of various communication channels, where all stakeholders can express opinions, concerns, and suggestions to improve its operations and promote equality in society.

Ensure availability and sustainable management of water and sanitation for all

AWC consistently monitors the quality of discharge water and enhances efficient water usage by increasing the recycling and reuse of water.

Promote sustained, inclusive, and sustainable economic growth, full and productive employment and decent work for all

AWC aims to create sustainable tourism destinations that not only reduce environmental impacts but also preserve culture, support local businesses, and promote health and safety for employees, customers, communities, and all stakeholders.

Reduce inequality within and among countries

AWC aims to reduce inequality gaps to foster inclusive growth in society, to promote well-being for individuals and communities through job creation and education development, and to preserve community traditions and cultures for continuity.

Make cities and human settlements inclusive, safe, resilient, and sustainable

AWC is committed to operating its business with environmental responsibility to mitigate potential impacts on stakeholders, such as reducing air pollution and greenhouse gas emissions. This is achieved through environmentally friendly building designs and materials, implementing energy-efficient technologies, and adopting waste management processes during and after construction for sustainable urban environments.

Ensure sustainable consumption and production patterns

AWC integrates the concept of circular economy into its operations to reduce the amount of waste to landfills. This includes promoting food management and maximizing the use of surplus food, as well as transforming the waste into new furniture or usable products.

Take urgent action to combat climate change and its impacts

AWC understands the impact on the environment. The Company is expanding its management scope to continuously improve energy efficiency or Energy Efficiency Plan (EEP) through Energy Saving Initiatives (ESIs), including the expansion of rooftops solar panel installations to generate clean electricity from sunlight to become a carbon neutral organization by 2030.

Conserve and sustainably use the oceans, seas and marine resources for sustainable development

AWC conducts activities to conserve resources and preserve biodiversity around the coast to protect life and ecosystems in marine and coastal areas.

Protect, restore and promote sustainable use of terrestrial ecosystems, sustainably manage forests, combat desertification, and halt and reverse land degradation and halt biodiversity loss

AWC has established the Afforestation Committee to manage tree planting in the property areas and promote community forest restoration by collaborating with various expert partner organizations to achieve No Gross Deforestation by 2035 and Net Positive Impact (NPI) by 2050

Promote peaceful and inclusive societies for sustainable development, provide access to justice for all and build effective, accountable and inclusive institutions at all levels

AWC strongly upholds good corporate governance, participates in anti-corruption, and maintains data and information security as the foundation for its business operations.

Strengthen the means of implementation and revitalize the Global Partnership for Sustainable Development

AWC is committed to driving sustainable growth together with communities, society, and the nation. This is achieved through investment in projects that focus on promoting jobs, income, and creating a competitive advantage for communities, small partners, and SMEs.