SCG, a leader in sustainability, has been selected for three leading global sustainability indices after it achieved the highest score from Dow Jones Sustainability Indices (DJSI) as the Industry Leader in the Construction Materials category and was rated as ESG Industry Top Rated by Sustainalytics in the industrial sector, and an AA rating in the MSCI ESG Ratings in the Construction Materials Industry. This results from operating according to the ESG 4 Plus strategy, gaining investor confidence in the organization’s sustainable growth, international standard management, and strengthening business with innovative solutions and digital technologies that meet the demands of green consumers. Aiming to address the global boiling crisis, SCG has set a goal to achieve net-zero greenhouse gas emissions by 2050 while concurrently reducing social inequality, alleviating poverty and creating jobs for communities.
Roongrote Rangsiyopash, President and CEO of SCG, said, “Following the ESG 4 Plus strategy, we are committed to Set Net–Zero – Go Green – Reduce Inequality – Embrace Collaboration plus fairness and transparency. We focus on growing our business with a commitment to environmental, social and governance sustainability. Consequently, SCG has been recognized in three world-leading sustainability indices: the Dow Jones Sustainability Indices (DJSI), receiving the highest score in the Construction Materials industry, Sustainalytics, where we achieved the ESG Industry Top Rated in the Industrial Conglomerates group, and Morgan Stanley Capital International (MSCI) with an AA (Leader) rating in the Construction Materials industry group. Investors worldwide use these three indices as a reference for investment decisions, ensuring confidence in robust and sustainable businesses, operating according to international standards, and contributing to the development of society and the environment. This success stems from the dedication of SCG people who collaborate to develop innovations and solutions to fulfill customer needs with convenience, safety, value and environmental consciousness.”
Thammasak Sethaudom, Executive Vice President of SCG, said, “To mitigate the impacts of the global boiling crisis, SCG has set a target to achieve net-zero greenhouse gas emissions by 2050. This will be accomplished by increasing the proportion of clean energy usage in place of fossil fuels, such as solar energy and biomass fuels, while also seeking other clean energy sources. For example, we have initiated the planting of Napier grass, a high-energy plant, over 1,000 rai at Saraburi Sandbox, Thailand’s first low-carbon model city, aiming to expand to 30,000 rai by 2028. At the same time, we are developing in-demand green innovations that align with global megatrends, such as SCG Cleanergy, an end-to-end clean energy business, and more than 250 eco-friendly products and solutions under the SCG Green Choice label, such as Low Carbon Cement, SCGC GREEN POLYMERTM, environmentally-friendly plastic innovations, recyclable packaging, and the SCG Air Scrubber, which ensures energy-efficient plus high-quality indoor air. In addition, we collaborate with government agencies, the private sector, and civil societies in Thailand, ASEAN, and worldwide to operate according to ESG principles, aiming to pass on a sustainable world to future generations, such as organizing the ESG Symposium 2023 to transition Thailand to a low-carbon society.”
Chana Poomee, Chief Sustainability Officer of SCG, said, “SCG has also dedicated to reducing social inequality by developing in-demand vocational skills, creating income opportunities for communities and SMEs, and enhancing access to education and public health for a total of 50,000 individuals by 2030. For example, there are opportunities for truck drivers through the Skills Development School, home improvement handymen through the Q-Chang platform, product processing and sales, both online and offline, through the Power of Community project, and nursing assistants, dental assistants and elderly caregivers through scholarships from the Learn to Earn program, offered by the SCG Foundation.”
The Dow Jones Sustainability Indices (DJSI) is a sustainability benchmark established by S&P Global to assess the effectiveness of corporate operations following sustainable development practices. The DJSI invites over 3,500 large listed companies across 60 industries worldwide to participate in the evaluation. Meanwhile, Morningstar Sustainalytics is a global leader in sustainability research that provides ESG Risk Ratings for individual equity funds, assisting investors around the world in understanding the extent of ESG risks—encompassing environmental, social and governance factors—associated with the funds in which they invest. The MSCI ESG Ratings, compiled by Morgan Stanley Capital International (MSCI), serve as a standard benchmark for measuring investment returns. Sustainalytics and MSCI assess an organization’s ESG risk exposure and risk management preparedness.
Published on: Nov 14, 2023