SCG intensifies alliance to drive ASEAN towards ESG

As the first in Thailand, ESG Symposium 2022 organized by SCG joins private and public sectors, the people, and global alliances as they collaborate for ESG, accelerating solutions for crisis after crisis in global warming, Covid-19 aftereffects, inflation, and soaring energy costs.

The output includes two final collaboration conclusions, and this shall drive Thailand towards net-zero GHG emissions by 2065.

The first is establish the consortium to intensify net-zero innovation development via Thailand’s first industrial and academic consortium. 

It will convene collaborations from public and private sectors both globally and locally, consisting of scholars and executive CEOs from various industries such as energy, logistics, electricity, petrochemicals, construction, and consumer goods.

The alliance aims for a prompt roadmap to produce the best innovation to relieve carbon emissions for use in Thailand. Example technologies are Carbon Capture, Utilization, and Storage (CCUS), fuel switching, electrification, and the hydrogen economy, all of which are expected to take effect by year end.

The second is unify networks to magnify collaborations and accomplish a low-carbon society with 60 private organizations via prospective partnerships. This embraces areas of alternative energy and a circular economy that cultivate optimal resource usage and sustainable consumption.

Some examples include 23 organizations in the Circular Economy in Construction Industry (CECI) and Public Private Partnership for Sustainable Plastic and Waste Management (PPP Plastics) who piloted plastic waste management with recycling processes.

This venture is driven by Thailand’s FTI, Thailand Business Council for Sustainable Development (TBCSD), and over 30 dedicated organizations.

The 10 initiatives will further discuss collaboration on low-carbon society support with the government. This involves examples such as infrastructures that facilitate clean and renewable energy usage, green financing support, efficient waste management system, fostering households’ waste sorting habits, and providing know-how and technological support for eco-friendly product development.

In addition, ESG Symposium 2022 highlights the necessity to reduce social inequality. This is represented by encouraging women and young generations’ shared role in driving the economy and solving crises.

SCG, one of the leading conglomerates in the ASEAN region, comprises three core businesses that are cement-building materials, chemicals, and packaging (SCGP).

It began its business operations in Vietnam in 1992 with a trading business, and gradually expanded investment in diversified businesses in the cement-building materials, chemicals, and packaging.

As a member of Packaging Recycling Organization Vietnam (PRO Vietnam), it is one of pioneer enterprises in applying a circular economy model, and enforcing extended producer responsibility for the packaging industry.

SCG affirms as the leader in sustainability with its six subsidiaries listed in the top 100 most sustainable companies by the Corporate Sustainability Indexes (CSI), one of the most prestigious sustainability awards in Vietnam organized by the Vietnam Business Council for Sustainable Development (VBCSD).

It recently jointly organized Vietnam Circular Economy Forum 2022 with the Ministry of Natural resources and environment.