SCG has shared insights on the transition to a Net Zero society, alongside fostering sustainable growth in Asia. This requires leveraging the strengths of nations combined with the power of technology to address clean energy challenges and develop green innovations, at the 3rd Annual Sustainability Week Asia.
Achieving a balance between net-zero greenhouse gas emissions and economic progress has captured global attention, aimed at fostering joint sustainable growth in a Net Zero society. Thammasak Sethaudom, President and Chief Executive Officer of SCG, shared his perspectives on this issue along with global organizational leaders on the panel discussion “Achieving Net Zero: Matching Ambition with Action” at the 3rd Annual Sustainability Week Asia by Economist Impact on March 12, 2024, at The Athenee Hotel, a Luxury Collection Hotel, Bangkok.
Thammasak discussed during the panel, “SCG, as a large industrial entity consuming significant energy, must transform its manufacturing processes to achieve the Net Zero 2050 goal. The SCG Cement and Green Solutions business is advancing Low Carbon Cement through materials science innovation and new production technologies, along with a special mixture developed specifically by SCG. This first generation of Low Carbon Cement can reduce carbon dioxide emissions by 10%. This year, we are preparing to launch the second generation of Low Carbon Cement, which will reduce carbon dioxide emissions by an additional 5% from the first generation and will continue to develop subsequent generations to further decrease carbon dioxide emissions.”
Regarding challenges, Thammasak highlighted the issue of accessing clean energy: “To quickly transition to low-carbon production processes, we must find affordable and accessible clean energy sources, which vary by area to meet specific needs.”
The President and Chief Executive Officer of SCG elaborated on the approach, “Technology plays a crucial role in the transition to clean energy. It is important to integrate technology with the strengths of each area or region. For example, Thailand, being an agricultural country, can transform agricultural waste, such as sugarcane leaves, rice straw, and corn cobs, into biomass fuel. This renewable energy source can replace fossil fuels and help reduce carbon dioxide emissions while controlling costs effectively. Therefore, SCG is accelerating the full utilization of biomass fuel.”
“Furthermore, agricultural products can also be developed into green innovations, such as bioplastics, which are in high demand in the global market. This direction will help us advance our businesses and the economy alongside a Net Zero society more quickly. Organizations should invest and collaborate in technology development with all sectors.”
Thammasak concluded with SCG’s commitment, “We are ready to drive sustainability in Asia and around the world, aiming to foster a sustainably growing Net Zero society with green innovations, leaving no one behind, in line with SCG’s ‘Passion for Inclusive Green Growth.'”
The 3rd Annual Sustainability Week Asia by Economist Impact is an Asian platform for sustainability, under the theme “Achieving climate targets, faster.” It was organized to exchange ideas, in-depth perspectives, and practical solutions for climate change mitigation and technology transfer by economically advanced countries. The event was attended by over 800 participants, including business leaders, policymakers, scientific experts, representatives from international organizations, and NGOs from across Asia, with an additional 2,000 participants joining online.
Published on: Mar 21, 2024
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