SCG intensifies alliance to drive ASEAN towards ESG
By Kieu Mai
July 29, 2022 | 12:00 PM GMT+7
Consensus include pressing plans to establish Thailand’s first collaborating consortium for net-zero innovation development. This seeks to pool know-how, technologies from international parties and is expected to roll on by the end of this year.
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.
Ten speakers attended and spoke at the ESG Symposium 2022.
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.
For 2021, Siam Cement Group (SCG) in Vietnam reported revenue from sales of over $1,500 million, which is a 32 per cent increase year on year mainly from sales from new acquisition of Packaging, VKPC operation and chemicals operation (TPCVINA), as well as export sales from Thailand and ASEAN to Vietnam.
For 2021, Siam Cement Group (SCG) in Vietnam reported revenue from sales of over $1,500 million, which is a 32 per cent increase year on year mainly from sales from new acquisition of Packaging, VKPC operation and chemicals operation (TPCVINA), as well as export sales from Thailand and ASEAN to Vietnam.
Menas Group has entered a strategic partnership with Keppel to co-develop an integrated ecosystem of lifestyle services across Keppel’s real estate projects in Vietnam, beginning with the landmark Celesta City development in Saigon South.
PVI Asset Management (PVI AM) and SonKim Capital (SK Capital), a business unit of SonKim Group has announced a strategic collaboration to develop innovative real estate investment products tailored for institutional investors and high-net-worth individuals.
Filum AI has successfully raised $1 million in funding despite a challenging venture capital market, underscoring the potential of AI and shifting investment strategies.
Enterprises are advised to promptly assess and evaluate the impact of the changes in the newly-issued to ensure timely compliance in the upcoming tax finalization period.
