23 November 2021

GC discusses its sustainability approach at the “Thailand Minister’s Climate Talk and Business Leaders to Share Vision and Experiences on Net-Zero Transformation” event reinforcing net zero goals at the COP 26 World Leaders Conference

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On November 8, 2021, a delegation representing Thailand and the Thailand Carbon Neutral Network (TCNN) teamed up to organize an online event running concurrently with the 26th Conference of Parties at the United Nations Convention on Climate Change (COP 26) at the Thai Pavilion in Glasgow. Dr. Kongkrapan Intarajang, Chief Executive Officer, together with Mr. Varawut Silpa-archa, Minister of Natural Resources and Environment, Mr. Suphachai Chearavanont, Executive Chairman of Charoen Pokphand Group Company Limited, Mr. Boonyanit Wongrukmit, Governor of the Electricity Generating Authority of Thailand, and Mr. Dan Pathomvanich, Chief Executive Officer of NR Instant Produce Public Company Limited, joined together to share their vision on "Thailand Minister's Climate Talk and Business Leaders to Share Vision and Experiences on Net-Zero Transformation” highlighting GC's commitment, in collaboration with the public and private sectors, to achieving the goal of net zero greenhouse gas emissions.

GC’s CEO noted that the company’s mission – to create "Chemistry for Better Living" involves achieving a balance between business growth and sustainability, and incorporating the principles of the circular economy in its business operations. The company is also committed to producing environmentally friendly chemicals that improve people's lives. Accordingly, GC set up a decarbonization operation in line with the Paris Agreement to reduce greenhouse gases (GHGs) by 20% by 2030 and to move to net zero greenhouse gas emissions by 2050 through three key approaches: 1. Efficiency-Driven: A 20% GHG reduction by streamlining current and future processes to minimize emissions while adopting new technologies; 2. Portfolio-Driven: A 25% GHG reduction through business restructurings with a focus on environmentally friendly low-carbon businesses such as performance chemicals, biochemicals, green and recycling businesses; and 3. Compensation-Driven: Reducing GHGs by 55% by offsetting the remaining carbon through effective guidelines along with a wide range of high-performance technologies.

The COP 26 Summit was held from October 31 to November 12, 2021, as a venue for leaders from 196 countries around the world to discuss guidelines and mutual agreements to prevent global temperatures from rising above 1.5 degrees Celsius to avert potential natural disasters. Thailand, as a member of the Conference on Climate Change Resolution and one of the 10 countries most affected by climate change, is determined to rapidly develop and improve climate solutions to achieve its goal of carbon neutrality by 2050 and net zero greenhouse gas emissions by 2065.

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