Materiality

Materiality Issues Impact Valuation for External Stakeholders

In 2022, AWC has selected 2 of the high important material topics, “Community and Social Integration” and “Circular Economy” to conduct impact valuation converting the output metrics to an impact metric to measure the societal or environmental external impact.

• Community and Social Integration: AWC has registered The GALLERY as a Social Enterprise entity aiming to engage with the community, local artists, and students, to produce craft local products and sell the GALERY's stores across Thailand. The objective is to create and enhance social impact strategy projects to support people and communities, in line with the philosophy in “Building a Better Future”. Therefore, the value created for our target external stakeholder group - Local and Community is being focused. It is necessary for AWC to assess and monitor the output and outcome of this project, such as how it increases the quality of life, number of jobs created number of local people with skills development. This is to ensure that AWC is a part that shaping community well-being, building local opportunities, and increasing household income.

• Circular Economy: Concerning the Circular Economy topic which is one of the important topic, AWC’s hospitality Business Unit has partnered with SOS Foundation Thailand with an objective to reduce food surplus to landfill by donating the excess quality food to neighbor's communities. AWC’s hotels have managed to pass on high-quality surplus food from catering services to nearby communities and vulnerable groups. As AWC target is zero waste to landfill by 2030, partnering with SOS Foundation has support us in 1) reduce negative impacts to the environment from the business operations - reduce food waste to landfill 2) support local and communities in accessing to quality and nutritious food - support most need in the community, and 3) building awareness for customers through this collaboration where they can be a part of this project to reduce environmental impacts (reduce emissions) and create positive impacts for our local community. We have record on amount of meal and food volume every time we send them to our neighbors.