Organization Contributions
GGC strives to participate and take responsibility in driving our business and the oleochemical industry towards sustainable growth in all dimensions, including economic, social and environmental. The Company also promotes and supports honest business development under the good corporate governance principle.
GGC supports organizations and associations that promote policy advocacy and regulations, as well as organizations and associations that promote research and the exchange of information related to the oleochemical industry to drive business growth and achieve sustainability goals. GGC shall not support organizations and associations with connections to politics, such as election campaign, running for election and other activities that are linked to or are likely to be politically relevant.
Amount of Financial Support per Sector
| List of Organizations | Type of Organization | Total Amount Paid (THB) | |||
|---|---|---|---|---|---|
| 2018 | 2019 | 2020 | 2021 | ||
| 1. Roundtable on Sustainable Palm Oil (RSPO) | trade association | 80,000.00 | 80,000.00 | 80,000.00 | 120,000.00 |
| 2. The Federation of Thai Industries (FTI) | trade association | 30,000.00 | 30,000.00 | 30,000.00 | 30,000.00 |
| 3. The Thai Chamber of Commerce and Board of Trade of Thailand | trade association | 3,600.00 | 3,600.00 | 3,600.00 | 22,000.00 |
| 4. Thai Institute of Directors (IOD) | trade association | 4,672.90 | 4,672.90 | 4,672.90 | - |
| 5. UN Global Compact (UNGC) | - | 334,688.36 | 304,730.00 | 326,630.00 | - |
| 6. Thailand Business Council for Sustainable Development (TBCSD) | trade association | 250,000.00 | 250,000.00 | 250,000.00 | 250,000.00 |
| 7. The Institute of Internal Auditors of Thailand (IIAT) | trade association | - | 11,000.00 | 11,000.00 | 10,700.00 |
| 8. Thai Biodiesel Producer Association (TBA) | trade association | - | - | - | 8,000 |
| 9. Personnel Management Association of Thailand (PMAT) | trade association | 2,000.00 | 2,000.00 | 2,000.00 | 2,500.00 |
| 10. Thai Plastic Industries Association (TPIA) | trade association | 11,000.00 | 11,000.00 | 12,000.00 | 11,000.00 |
| 11. Biotech Industry Club | trade association | - | - | 2,000.00 | 2,000.00 |
| 12. Renewable Energy Industry Club | trade association | 5,000.00 | 5,000.00 | 5,000.00 | 5,000.00 |
| 13. The Thai Cosmetic Manufacturers Association | trade association | 5,000.00 | 5,000.00 | 5,000.00 | 5,000.00 |
| 14. Thai Bioplastics Industry Association | trade association | 1,000.00 | 1,000.00 | 2,000.00 | 10,000.00 |
| 15. Member of BIOPLASTIC | trade association | 201,993.60 | - | - | - |
| Total | 928,954.86 | 708,002.90 | 733,902.90 | 476,200.00 | |
GGC has participated in various organizations and trade associations, including providing budget support. The top three organizations and trade associations that GGC has the highest participation in are as follows:
| List of Organizations | Type of Organization | Details | Budget for 2021 (THB) |
|---|---|---|---|
| 1. Thailand Business Council for Sustainable Development (TBCSD) | Trade association | TBCSD is an organization that promotes environmental awareness within the business sector under the concept of sustainable development. It focuses on sustainable development in three areas: development of sustainability policies in Thailand, building business competitiveness and good and sustainable practices, and educating the public on social and environmental issues. | 250,000.00 |
| 2. Roundtable on Sustainable Palm Oil (RSPO) | Trade association | The Roundtable on Sustainable Palm Oil (RSPO) is a non-profit organization that supports stakeholders related to palm oil businesses such as palm farmers, consumer product manufacturers, palm oil retailers, financial institutions, NGOs in environmental and social development, etc. | 120,000.00 |
| 3. Federation of Thai Industries | trade association | The Federation of Thai Industries is a non-profit organization that strengthens Thailand’s private business institutions which will enable the continuity of the industrial sector’s development mechanism in combination with the country’s economic development and protection of national interest in the global economy. | 30,000.00 |
In 2021, GGC took part in and supported important projects in various organization and associations as follows:
| Key Issues/Projects | Detail of Contribution | Contribution (THB) |
|---|---|---|
| Sustainable Development | GGC has joined and supported various trade associations. We focus on associations that give priority to the environment within the business sector under the concept of sustainable development with emphasis on three aspects of sustainability, which include developing sustainability policies in Thailand, creating business competitiveness and establishing good and sustainable practices, and educating the public on social and environmental issues, to ensure that our operations will lead to sustainable development. | 250,000.00 |
| Operating with social and environmental responsibility | GGC has clearly defined our role to be a leader in responsible operations and utilization of raw materials. Therefore, we support various trade associations, especially non-profit organizations that support stakeholders involved in the palm oil business, such as palm farmers, consumer product manufacturers, palm oil product retailers, financial institutions, NGOs for environmental and social development, etc., to promote our commitment to operate with responsibility towards the society and environment. | 120,000.00 |