TTA’s Approach to Sustainability

The Company is a strategic investment holding company that has a balanced portfolio, diversified both locally and internationally. The current investment portfolio consists of seven main business units: Thoresen Shipping Singapore Pte. Ltd. (Thoresen Shipping) (Shipping Group), Mermaid Maritime Public Company Limited (Mermaid) (Offshore Services Group), PM Thoresen Asia Holdings Public Company Limited (PMTA) (Agrochemical Group), PH Capital Company Limited (PHC) and Siam Taco Company Limited (STC) (Food and Beverage Group), Unique Mining Services Public Company Limited (UMS) (Other Investment Group – Importation of Coals), Asia Infrastructure Management (Thailand) Company Limited. (AIM) (Other Investment Group - Water Resources Management). The Company always focuses not only on increasing positive value, but also on reducing negative impacts of business operation of the Group on society and the environment. The Company has goals and determination to operate the business for continuous and sustainable growth in order to add value to stakeholders, community, society, and environment throughout every process of our business operation of the Group.

In the year 2019, the Board of Directors approved the establishment of the Sustainable Development Committee (“SD Committee”), consisting of representatives from the Board of Directors themselves and executives of each business unit and other units involved.

The Company appointed an external consultant to assist management in implementing a sustainable development framework for the business of the Company and its affiliates. The sustainable development framework covers the responsibilities of the SD Committee, which includes establishing policies, formulating strategies, and carrying out a sustainable development plan in accordance with the business operation in view of economic, social, and environmental aspects. The Company is also determined to generate lasting value for all groups of stakeholders while striving for implementation and cooperation in the operation of projects under the framework of sustainable development with relevant internal and external sectors. Sustainable Development Working Group (SD Working Group) has been established to apply and align the implementation of the sustainable development strategies throughout the organization to be in the same direction. Members of the said group comprise of senior managers and managers of related units of each individual business unit. Furthermore, regular follow-up on the operating progress is reported by Sustainable Development Committee to and the Board of Directors.

In the year 2021, the Company has established the Sustainability Report for the third year. One of the engines that drive the Company towards sustainable growth is this report, which can contribute to the formation of reviewing process and continuous development in sustainable business growth. In-depth data are also presented in this report to show the development and business operation of the Company and its affiliated companies under the influence of Environmental, Social and Governance (ESG) factors to respond to the present issues regarding sustainability.