With ever-changing megatrends and environmental impacts playing key roles in the global economy, a sharper focus on a business’s commitment to environmental, social and governance (ESG) goals can help drive it towards sustainable growth, according to Jareeporn Jarukornsakul, CEO of WHA Group.
Business operators need to embrace various initiatives and adapt to geopolitical situations, such as relocating manufacturing bases and technological transformation, in order to maintain competitiveness. Ms Jareeporn said at the Bangkok Post ESG Conference 2024 on Thursday.
A sustainability strategy that limits the severity of negative headwinds is thus crucial, she emphasised.
WHA Group has embraced digital technology to improve the accuracy and efficiency of the company’s operations, which include logistics, warehouse and industrial property and utilities.
Its framework includes promoting an innovation-driven workplace, building a data-driven organisation and transforming into a technology-based company with the aid of artificial intelligence (AI) to help create a digital-first corporate culture.
“We have invested 160 million baht in developing 38 projects and 50 applications using adaptive technology for a clean environment under an ESG concept,” Ms Jareeporn said.
Some of the company’s proven achievements are smart water solutions, logistics and building management, data management platforms and smart traffic management.
The group’s “RENEX: P2P” energy trading scheme won the “Most Innovative Energy Trading Service Platform” award at the 2023 International Finance Awards.
“We do believe that ESG is not a trend, but a must,” Ms Jareeporn said.
WHA has been offsetting the carbon dioxide emissions from its operations, resulting in an extensive number of credits for carbon trading in the future, she said. The group has also committed to achieving net zero greenhouse gas emissions by 2050.
The company plans to introduce around 1,000 electric vehicles to support its logistical systems, she said, adding that smart technology management, cost reduction and energy-saving approaches will also be applied.
International clients are increasingly concerned about green logistics, Ms Jareeporn said.
“We are introducing a decarbonised supply chain concept into many of our business models, including EV fleet provision and maintenance, renewable energy solutions, a charging business and a charging point operating service,” she said.
Electric vehicles will reduce greenhouse gas emissions by 14,400 tonnes per year, she forecast.
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