ไทย
Importance
The Company recognizes that its supply chain is a critical driver of business success and long-term value creation. Accordingly, the Company is committed to managing its suppliers and manufacturers in a transparent, fair, and responsible manner, while integrating Environmental, Social, and Governance (ESG) considerations throughout its supply chain management practices.
The Company also encourages its suppliers and business partners to comply with applicable laws and regulations, uphold internationally recognized labor standards and human rights principles, and adhere to high standards of business ethics. Through collaborative engagement and responsible supply chain practices, the Company aims to build a resilient and sustainable supply chain that delivers shared value and supports sustainable growth for all stakeholders.
Mission
- Select and evaluate suppliers based on the principles of transparency, fairness, and accountability.
- Promote suppliers’ adherence to ESG principles, business ethics, and internationally recognized human rights standards.
- Continuously identify, assess, and manage supply chain risks to enhance resilience and business continuity.
- Strengthen collaboration with suppliers to advance sustainable business practices and create long-term shared value.
- Promote the procurement of high-quality, safe, and environmentally responsible products and services.
- ≥95% ESG assessment participation rate among Tier 1 suppliers by 2030.
- 100% of new suppliers informed of and committed to the Supplier Sustainable Code of Conduct.
- Zero material supplier non-compliance cases related to legal, ethical, or ESG matters.
Key Performance Highlights
| Performance Indicators | 2023 | 2024 | 2025 | Target |
|---|---|---|---|---|
| Tier 1 Supplier ESG Assessment Response Rate | 100% | 100% | 77.78% | ≥95% by 2030 |
| New Suppliers Acknowledging the Supplier Sustainable Code of Conduct | 100% | 100% | 100% | 100% |
| Material Supplier Non-Compliance Cases Related to Legal, Ethical, or ESG Issues | 0 | 0 | 0 | 0 cases |
Industry, Innovation and Infrastructure
Partnerships for the Goals
Management Approach
The Company adopts an integrated approach to sustainable supply chain management, covering supplier selection and due diligence, ESG risk assessment, communication of sustainability requirements, ongoing performance monitoring, and collaborative supplier development. This approach aims to promote responsible sourcing practices, enhance supply chain resilience, and drive sustainable value creation throughout the value chain.
| Process | Implementation Approach |
|---|---|
| 1. Supplier Selection | Select suppliers based on principles of transparency, fairness, product and service quality, and reliability, while ensuring compliance with applicable laws and considering Environmental, Social, and Governance (ESG) factors. |
| 2. Supplier Assessment | Assess suppliers on products and services, environmental, social, and governance (ESG) aspects, including related risks, to support risk management across the supply chain. |
| 3. Supplier Communication and Engagement | Communicate the Supplier Sustainable Code of Conduct and encourage suppliers to conduct business ethically, respect human rights, and take responsibility for environmental impacts. |
| 4. Monitoring and Evaluation | Monitor supplier performance in terms of quality, compliance with requirements, and ESG-related issues, and define corrective measures when risk issues are identified. |
| 5. Continuous Review and Development | Continuously review performance and strengthen collaboration with suppliers to raise business standards and build a sustainable supply chain. |
Supplier Selection
The Company adopts a transparent, fair, and objective supplier selection process. All prospective suppliers are subject to qualification screening and approval prior to inclusion in the Company’s Approved Vendor List (AVL). The assessment process considers suppliers’ operational capabilities, business integrity, and alignment with the Company’s sustainability expectations, ensuring that suppliers are well-positioned to establish long-term and sustainable business relationships with the Company.
| Supplier Selection Criteria | Assessment Considerations |
|---|---|
| Price | Competitiveness and overall value for money |
| Quality of Products and Services | Compliance with quality standards and product/service specifications |
| Delivery Performance | Capability to meet agreed delivery schedules and requirements |
| Service Capability | Responsiveness, technical support, and after-sales services |
| Commercial Terms | Suitability of payment terms and other commercial conditions |
Additional Requirements for Selected Suppliers
- Complete the Company’s Supplier Self-Assessment Questionnaire (SAQ).
- Acknowledge, adhere to, and implement the principles outlined in the Supplier Sustainable Code of Conduct.
- Participate in the Company’s ESG assessment process and provide relevant information as required.
Supplier ESG Assessment
The Company has established an Environmental, Social, and Governance (ESG) assessment framework for suppliers that are critical to its business operations (Critical Suppliers). The assessment scope is determined based on factors such as procurement value, the strategic importance of products and services, and the level of dependency on suppliers. This approach enables the Company to effectively manage supply chain risks and align its procurement practices with its sustainable business objectives.
In 2025, the Company included Tier 1 Suppliers, defined as suppliers that have a direct business relationship with the Company, within the scope of its ESG assessment. A total of 27 Tier 1 Suppliers were assessed, representing 5.74% of the Company’s total supplier base.
The Company regularly reviews the scope of suppliers subject to ESG assessments to ensure alignment with evolving business operations and the risk profile of its supply chain, thereby strengthening sustainable supply chain management and promoting continuous improvement among suppliers.
Assessment Criteria
| Products and Services | Assessment of product and service quality standards, product safety, and delivery capability. |
| Business Conduct | Assessment of corporate governance, risk management, transparency, anti-corruption practices, and legal compliance. |
| Social | Assessment of compliance with human rights principles, labor laws, occupational health and safety requirements, and non-discrimination practices. |
| Social Responsibility | Assessment of community engagement, responsible business practices, and the creation of shared value with stakeholders. |
| Environmental | Assessment of environmental management practices, resource utilization, waste management, and measures to mitigate climate change impacts. |
Supplier Engagement
The Company believes that building strong partnerships with suppliers is a key driver of sustainable supply chain development. Therefore, the Company promotes awareness and understanding of its sustainability principles among suppliers and business partners through ongoing communication, information sharing, and capability-building initiatives. These efforts aim to enhance operational standards and create shared value across the supply chain.
In 2025, the Company organized capability development programs for employees of its business partners, covering product and service knowledge, operational standards, technology, and the Company’s business practices. These initiatives were designed to enable suppliers to deliver services efficiently and in accordance with the Company’s standards. As a result, a total of 1,719 employees of business partners participated in training and development programs, representing an increase from 950 participants in 2024.
| Performance Indicators | 2024 | 2025 | Target |
|---|---|---|---|
| ESG Assessment Response Rate of Tier 1 Suppliers | 100% | 77.78% | ≥95% by 2030 |
| New Suppliers Informed of and Acknowledging the Supplier Sustainable Code of Conduct | 100% | 100% | 100% |
| Suppliers with Significant Violations of Laws, Business Ethics, or ESG Issues Impacting the Company | 0 | 0 | Zero cases |
Fair and Timely Payment to Suppliers
The Company recognizes that fair and timely payment practices are essential to maintaining strong and sustainable relationships with suppliers and supporting the resilience of its supply chain. Accordingly, the Company has established payment terms (Credit Terms) ranging from 0 to 90 days, with an average of 30 days, depending on supplier category, business characteristics, and the duration of the business relationship. This approach ensures that suppliers receive payments within the agreed timeframe and are able to conduct business with the Company on a continuous and sustainable basis.
In 2025, the Company maintained an average payment period of 22 days and recorded no significant overdue payments to suppliers. The Finance Department regularly monitors and reviews the Accounts Payable Aging Report on a monthly basis to ensure that payments are made in accordance with the Company’s policies and agreed terms and conditions.
| Supplier Payment Performance Indicators | 2024 | 2025 | Target |
|---|---|---|---|
| Average Payment Period | 26 days | 22 days | Payments made within the agreed credit terms with suppliers |
| Significant Overdue Payments to Suppliers (Cases) | 0 | 0 | Zero cases |
| Supplier Complaints Related to Payment (Cases) | 0 | 0 | Zero cases |
Employees
Suppliers
Government Agencies and Regulatory Authorities
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อ่านเพิ่มเติมCode of Conduct for Business Partners
Procurement Policy
