Target

GC has set the target to reduce water consumption intensity by

percent

based on Business as Usual (BAUs), within 2023 compared to base year (2013)

Challenges and Opportunities

As a result of the business expansion and the development of the Eastern Economic Corridor (EEC) project, GC may be susceptible to the risk of water shortage in the production process, which may resulted in business disruption. Therefore, GC has established GC Group - water management taskforce to conduct internal water crisis management to prepare for the drought in 2020.

GC has also collaborated with several sectors, namely PTT Group, Water War Room and The Federation of Thai Industries in order to deal with potential occurrence of drought crisis. In this regard, GC has monitored and observed water situation as well as expedited water management projects, in order to ensure sufficient water level for GC’s business operations and communities. Besides external cooperation, GC also conducts internal water management, such as risk assessment, identification of key issues in water management, utilizing of technology in the production process to reduce water consumption, etc.

Sustainable Water Management Framework

GC is well aware that water is a critical resource. In this regard, we have promoted the accessibility of clean water for sanitation and consumption. We have strictly committed to ensure our responsible use of water along the entire value chain to avoid water shortage that may affect our operations and stakeholders.

Water Statement

GC has set the One Water Strategy and action plan for water management for both internal and external organizations by using the internal water management plan that is in line with 3Ws principle; including Water Saving; Water Innovation; and Water Stewardship, and the external water management plan that is in line with 2Ws principle; including Water Related to Community and Water Conservation. Additionally, GC has conducted both quantitative and qualitative water related risk assessment in order to manage water for all sectors in an adequate manner as well as to reduce impacts associated with water crisis, namely financial impacts, water quality control in line with law enforcement, conflict with communities.

Governance
  • Establish the Water Management Taskforce to drive long-term water crisis management policies and strategies
  • Formulate the Action Plan for Water Crisis Y2020
  • Support investment in new technologies or machineries, and improve the production process to reduce water consumption.
Water Stewardship
  • Invest in water management projects that is in line with the principles of Water Saving, Water Innovation, and Water Stewardship to lessen impact on water consumption from business operations.
Resilience
  • Establish the Supply Chain Management Taskforce
  • Create a cooperation network with the public, private, and industrial sectors
  • Define the Business Continuity Plan (BCP) for sustainable water management
  • aPartake in conservation of water and restoration of water source, such as Huai Mahat Project and the Groundwater Bank, etc.

Water Management Governance

GC has clearly identified the position of the individual with responsibility for water-related issues and effective water management, in order to ensure that the water resources is managed efficiently and in line with the target achievement.

Position of individual Role and responsibility
Board Chairman

Board Chairman holds the highest power and authority in the board of directors. Board also provides leadership and governance to create the conditions for overall Board’s and individual Director’s effectiveness, and ensures that our business has a clear picture of its exposure to water related risks, such as water strategy impacts and opportunity for water management, covering water crisis solution, water efficiency, and water innovation. The Board endorses policies, strategies and sustainable development goals under the framework of sustainable business practices that aims to balance economy, environment and society. The Board approves, supervises and monitors KPIs and corporate goals and plans.

Board-level Committee

Water-related issues are included under the direct responsibility of the Corporate Governance (CG) Committee and Risk Management Committee (RMC), which are appointed by the Board of Directors. Water-related issues such as water conflicts, water consumption and water discharge quality related laws and regulations that affect the whole company are evaluated and reviewed by the CG Committee. This includes monitoring of relevant issues (including water efficiency, alternative water sourcing, and water consumption reduction target). The RMC would ensure that corporate objectives are effectively achieved and our key risks including water-related risks are managed.

CEO

CEO as the chairperson of Management Committee (MC) is responsible for the endorsement of the water-related risk mitigation plans proposed by Enterprise Risk Management Committee: (ERMC). In additional, CEO as the chairperson of Rayong Integration Management (RIM), regularly monitors stakeholder conflicts in GC’s operations area. Any concerns encountered shall be reported during the monthly meeting of RIM in order to formulate on effective water management plan to intensively respond and reduce water related conflicts with the community.

In 2020, GC has identified water-related risks and opportunities and mitigation measures in respond to those risks.

Risk Management & Risk Factors

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Our outstanding internal and external water management has resulted in a continuous improvement in GC’s water management performance in 2020.

Performance
2017 2018 2019 2020
Water withdrawal intensity
(m3 per ton production )
2.37 2.34 2.32 1.85

2020 Target
Water withdrawal intensity

m3 per ton production