- Climate change and natural disasters impacting raw material supply.
- Foreign exchange rate volatility affecting product costs and profits.
- Cybersecurity threats.
- Declining soybean cultivation in Thailand.
- Global impacts affecting soybean importation (weather, geopolitical conflicts, transportation).
Thai Vegetable Oil Public Company Limited
Greenhouse gas emissions & sustainability report data
In its 2023 reporting, Thai Vegetable Oil Public Company Limited disclosed greenhouse gas emissions of 44.6K tCO2e/year. By scope: Scope 1: 9.1K tCO2e/year; Scope 2: 35.5K tCO2e/year; Scope 3: 694.9K tCO2e/year. Figures are as stated in the company's own report and may use different boundaries, units or methods (for example market-based vs location-based Scope 2), so compare with care.
GHG Emissions
44.6K tCO2e/year
2023
Renewable Energy
85%
of total energy
Water Usage
0.9 m3/ton soybean
2023
Waste
45.9K tons/year
2023
Energy Use
1.5 GJ/ton soybean
2023
📊 Emissions by Scope (2023)
| Scope | What it covers | Reported value |
|---|---|---|
| Scope 1 | Direct emissions from sources the company owns or controls (fuel combustion, company vehicles, process and fugitive emissions). | 9.1K tCO2e/year |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 35.5K tCO2e/year |
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | 694.9K tCO2e/year |
New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.
📈 Emissions by Report Period
| Report period | Headline emissions figure reported |
|---|---|
| 2023 | 44.6K tCO2e/year |
| 2022 | 832.0K tCO2e/year (Scope 1: 9986; Scope 2: 41054; Scope 3: 722072) |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- Reduced greenhouse gas emissions by achieving 100% waste utilization and zero waste to landfill since 2020.
- Reduced plastic usage in 1-liter vegetable oil bottles by 4 grams per bottle, resulting in a reduction of 350,000 kilograms of plastic per year.
- Reduced paper usage in 1-liter vegetable oil packaging boxes by over 75,000 kilograms per year.
- Reduced thread usage in animal feed bags by more than 11,500 kilograms per year.
- Reduced external water consumption by over 40,000 cubic meters annually through 3Rs initiatives.
- Utilize renewable energy for over 85% of total energy consumption.
🎯 Climate & Sustainability Targets
🔜 Short-term
- Reduce GHG emissions by 20% by 2035.
- Reduce water usage to 0.85 cubic meters/ton soybean by 2024.
- Increase average employee training hours to 18 hours/person/year by 2024.
- Achieve 100% acknowledgment and signing of the Supplier Code of Conduct by 2024.
- Achieve 100% assessment of Code of Conduct by 2024.
📅 Medium-term
- Achieve carbon neutrality by 2045.
🔭 Long-term
- Achieve net-zero greenhouse gas emissions by 2060.
🌱 ESG Focus Areas
Climate ChangeEnergy ManagementWater ManagementWaste ManagementHuman RightsEmployee DevelopmentSafety and Occupational HealthCommunity DevelopmentCorporate GovernanceSustainable Supply ChainAnti-Corruption