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                                         Core Policy of TPI Polene Plc and its subsidiaries

     Towards Sustainable Development

(ESG & Bio Circular-Green Economy - BCG For Sustainability)

TPI Polene aims for sustainable development for its group of companies, to create balanced growth by adhering to Environmental, Social and Good Corportate Governance (ESG) criteria and has linked the environment dimension to all three segments of the operation, Circular economy, Green economy and Bio economy, which are mutually supportive - this is called Bio-Circular-Green Economy (BCG), a business model innovation that will be implemented at all stages of sustainability in the supply chain to reduce the use of natural resources. This will include the procurement of raw materials, production, sales, and transportation, and will employ  reuse and recycling to reduce and minimize the use of natural resources as much as possible to reduce the impact on the environment. In addition, the Company adheres to the principle of conducting business operations by emphasizing the balanced consideration of all related parties, to create high returns on investment for shareholders in compliance with the principles of good corporate governance, codes of conduct and/or related regulations or any legal issues on the basis of business ethics.

TPI Polene Groups target to be Net Zero Greenhouse Gas Emission Producer by 2024

The Board of Directors and top management are committed to a Net Zero GHG Emission policy to achieve zero net greenhouse gas emissions, in order to reduce the impact on the climate to low carbon production, which is in line with the government's international pledge that Thailand will reduce its greenhouse gas emissions to zero by 2050.

TPI Polene Group has continued to implement the Net Zero GHG Emission policy by continually improving the technology and efficiency of cement production. As a result, it can reduce heat consumption, reduce repair costs, and use waste as an alternative fuel for coal by up to 30-40%, making TPI Polene Thailand's first cement plant to use waste fuel to replace coal, which in addition to reducing the cost of cement production, can also reduce greenhouse gas emissions in the atmosphere.

In 2021,  TPI Polene Group used a total of approximately 2.19 million tons of waste as coal substitute fuel in the production process of cement plants and power plants. 

Technology and innovation to drive towards business development

Government measures to control outbreaks of COVID-19 as well as the adaptation of the general public have resulted in a change in the lifestyles of people around the world and have created unprecedented challenges for business and economic activities. TPI Polene Group has used biotechnology and innovation to create value-added benefits for its products and to support the agricultural sector of the country by creating a bio-economy and new normal bio-sanitary products, including Bio Knox (dietary supplement of natural calcium and vitamin C), Mocrome Knox Solution (used to spray to reduce germs), TPI mouthwash (to reduce the accumulation of pathogens). All three healthcare products have been tested and certified by the Faculty of Medicine of Siriraj Hospital and the Academic Service Center of Chulalongkorn University, that they are effective in combating pathogens such as SARS-CoV2, PRRS, PDCoV, PCV2 and RVA, etc. This innovative biotechnology can help Thai people to avoid the costs of preventing current viral pathogen outbreaks.  It also has a lower cost compared to medicines imported from abroad, which are relatively expensive.

In addition, digital technology changes have been evolving in the economic system, resulting in various transactions that are increasingly used on online platforms with digital devices - this new consumer behavior has spread widely. TPI Polene Group has established adaptive approaches to support changing consumer behavior based on technological advancements by developing online ordering and online payment platforms.

2021 Operating Growth Results

 In the midst of a long-running COVID-19 pandemic, it has affected the global economic systems, including Thailand.  However, in 2021, the Company and its subsidiaries reported normal operating profit of Baht 7,067 million compared with Baht 61.39 million in 2020, an increase of Baht 4,379 million or 2,688%.  In 2020, the Company and its subsidiaries registered a profit of Baht 6,918 million for the year compared with a profit for the year 2019 of Baht 2,839 million, an increase of Baht 4,079 million or 143.66%.

Profit for the year 2021 of Baht 6,918 million was comprised of normal operating profits of Baht 7,067 million and net foreign exchange gain of Baht 391 million and Income tax expense of Baht 539 million.รัพย์ านบาท และรายได้ภาษีเงินได้ 38 ล้าลี่ยนสุทธิจำ 405 ล้ท และรายได้ภาษีเงินได้จำนวน 22 ล้านบาท


Sale offering of Baht 23,523.60 million debentures in 2021

In 2021, TPI Polene Group (the Company and its subsidiaries) successfully completed fundraising through the issuance and the sale offering of debentures in a total amount of Baht 23,523.60 million, with the TRIS affirmed credit rating of such debentures at BBB+ with a “stable” outlook. The proceeds from the fundraising were utilized mainly to refinance mature debentures and the remaining funds were used to invest in the purchase of machinery and equipment for production efficiency improvements in the cement business and as working capital for business operations.

Contaminated waste disposal

TPI Polene Group has contributed to society by helping with the disposal of contaminated waste from healthcare service centers that require proper and effective management. During the COVID-19 pandemic, TPI Polene Group was able to dispose of approximately 3,892 tons of contaminated waste to help preserve the environment and public hygiene.

Jointly help society, community and all employees.

From the COVID-19 pandemic in 2021, TPI Polene Group jointly helped to relieve the suffering of society and the community as follows:

  1. Made a contribution of Baht 20,000,000, together with dust and germ protection kits (PPE outfit) and TPI Polene healthcare products valued at Baht 21,100,947.50, and medical supplies, equipment, and other items totaling Baht 3,644,328, to Siriraj Hospital.
  2. Donated a digital mobile x-ray vehicle, worth Baht 7,250,000, to Chana Hospital, Songkhla Province, to get through to the villages of the South, and contributed 10 high-flow oxygen machines, 4 mobile x-ray machines, and medical equipment together with TPI Polene healthcare products to other hospitals in Songkhla Province, including Cha-na Hospital, Somdet Na NaThawi Hospital, Thepha Hospital, Saba Yoi Hospital, Sadao Hospital and Padang Besar Hospital. Donations of rice, dry food and TPI Polene healthcare products worth Baht 200,000 were also made to Songkhla Provincial Administrative Organization and people in the areas of Na Thap, Taling Chan, Sakom and Chana, Songkhla Province.
  3. Made a contribution of Baht 1,000,000 to Srithanya Hospital Foundation to help psychiatric patients.
  4. 4. Provided TPI Polene health products to infected people in 14 nursing places at Saraburi Provincial Hospital.
  5. 5. Provided TPI Polene health products to police hospitals and central traffic police forces to fight COVID-19, and provided 31,000 rice boxes to healthcare workers at Bang Sue Central Vaccination Center.
  6. 6. Provided materials for the construction of bathrooms for Busarakham Stadium Hospital at IMPACT Building Chalanger Muang Thong Thani .

In addition, TPI Polene Group also provided RT-PCR Swab and COVID-19 testing equipment for all employees to get tested for COVID-19 including the provision of vaccines against the COVID-19 to all employees. TPI Polene Group also donated a set of TPI Polene healthcare products, including Pro Vita, Bio Knox, Microme Knox Solution, mouthwash, alcohol gel, etc., to both employees and their families throughout the COVID-19 outbreak, so our employees and their families could maintain good health, raise their immunity to disease, and survive the COVID-19 pandemic.


ESG performance is appraised at Gold Levelby Thaipat Institute

With a policy to focus on balanced growth in all dimensions of business operations and adhering to Environmental, Social and Governance (ESG) criteria, the Company and TPI Polene Power Public Company Limited received an ESG performance evaluation at the “Gold Level” by Thaipat Institute, with the use of 30 WFE ESG Metrics from the World Federation of Exchanges (WFE). TPI Polene Group also received awards in various fields, including the symbol standard of the industrial waste management factory, gold medal award for the year 2021 from the Department of Industrial Works, the 2021 Green Industry Level 4 (Green Culture) for cement line No.1-3, and total waste adjustment plants from the Ministry of Industry.

The Company’s current success has been one of our proudest achievements as a Thai Corporation to be able to cope with the challenges of the COVID-19 pandemic including the rapid and widespread economic impact on the world and the impact of the disruptions on the global economy that profoundly changed business and marketing concepts. With the flexibility and agility of the management to adapt business concepts and processes to ensure business continuity and be ready to deal with the crisis appropriately, TPI Polene Group was successful in all dimensions by adhering to Environmental, Social and Governance (ESG) criteria under the standards of good corporate governance. This included preventing conflicts of interest, having a strong anti- corruption policy, mitigating risks throughout the organization, conducting business fairly with all stakeholders. TPI Polene prioritized occupational health management systems and the safety of employees and stakeholders, tried to improve and prevent all existing hazards, followed human rights principles, from employment to employee and personnel care, promoted safe work from COVID-19 so that all employees and staff felt safe and connected to the organization. In addition, the Company adheres to principles of cooperation with all partners in accordance with its sustainable guidelines.

On behalf of the Company, the Company’s Board of Directors would like to take this opportunity to thank all related parties for a well-coordinated effort and their ongoing trust in the Company to create unswerving progress for the organization. It is a major goal of the management team and the entire staff of the Company to move the business forward to overcome obstacles, to achieve the goal of creating stability for the organization, and to enhance the sustainable strength of the corporation, the community, and the country. This was achieved by emphasizing the balanced consideration of all related parties and conducting business with fairness for all stakeholders through a policy of reducing emissions to solve global warming, by consistently creating a good environment and by reducing the impact of climate change caused by natural disasters to further enhance the sustainable growth of the country.


Sincerely Yours,

 Mr. Khantchai Vichakkana
Chairman of the Board and Independent Director

Mr. Prachai Leopairatana
Chief Executive Officer