Organization Contributions
Challenges and Commitment
GGC strives to participate and take responsibility in driving our business and the oleochemical industry toward 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.
Key Stakeholders
Employee
Shareholder, Investor and Analyst
Government
Supplier and Business Partner
Management Approach
Organizations and Associations Support
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 campaigns, running for election and other activities that are linked to or are likely to be politically relevant.
Contributions & Other Spending GRI 415-1 (2016)
GGC has participated in 14 trade associations and 1 tax-exempt group. However, GGC doesn’t have a policy to support any political campaigns, political organizations and lobbyists, or lobbying organizations in both regional and international areas.
| List of Organizations | Type of Organization | Total Amount Paid (THB) | |||
|---|---|---|---|---|---|
| 2020 | 2021 | 2022 | 2023 | ||
| 1. UN Global Compact (UNGC) | Tax-exempt group | 326,630.00 | 223,142.25 | 245,174.25 | 175,000.00 |
| 2. Thailand Business Council for Sustainable Development (TBCSD) | Trade Association | 250,000.00 | 250,000.00 | 250,000.00 | 250,000.00 |
| 3. Roundtable on Sustainable Palm Oil (RSPO) | Trade Association | 80,000.00 | 120,000.00 | 120,000.00 | 120,000.00 |
| 4. The Federation of Thai Industries (FTI) | Trade Association | 30,000.00 | 30,000.00 | 30,000.00 | 30,000.00 |
| 5. The Institute of Internal Auditors of Thailand (IIAT) | Trade Association | 11,000.00 | 10,700.00 | 10,700.00 | -* |
| 6. Thai Bioplastics Industry Association | Trade Association | 2,000.00 | 10,000.00 | 10,000.00 | 10,000.00 |
| 7. Thai Biodiesel Producer Association (TBA) | Trade Association | - | 8,000.00 | 8,000.00 | 8,000.00 |
| 8. The Thai Cosmetic Manufacturers Association | Trade Association | 5,000.00 | 5,000.00 | 5,000.00 | 5,000.00 |
| 9. Renewable Energy Industry Club | Trade Association | 5,000.00 | 5,000.00 | 5,000.00 | 5,000.00 |
| 10. Personnel Management Association of Thailand (PMAT) | Trade Association | 2,000.00 | 2,500.00 | - | -* |
| 11. Biotech Industry Club | Trade Association | 2,000.00 | 2,000.00 | 2,000.00 | 2,000.00 |
| 12. Member of BIOPLASTIC | Trade Association | - | 2,000.00 | 2,000.00 | 2,000.00 |
| 13. Member of Thai Medical Technology Industry | Trade Association | 2,500.00 | 5,000.00 | 5,000.00 | 5,000.00 |
| 14. Member of Palm Oil Industry | Trade Association | - | - | 20,000.00 | 20,000.00 |
| 15. Chonburi Industrial Association | Trade Association | - | 2,000.00 | 2,000.00 | 2,000.00 |
| Total contributions and other spending | 733,730.00 | 708,342.25 | 746,874.25 | 634,000 | |
Remark: *GGC temporarily discontinued its membership in 2023. However, the company may reinstate its membership in the future.
In 2023, GGC took part in and supported important projects in various organizations and associations as follows:
| Issues and Topics | Description of Position / Engagement | Total Spending in FY 2023 (THB) |
|---|---|---|
| Sustainable development and action to mitigate impacts of climate change in order to build a balance of sustainable business 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. Additionally, we strive to participate in solving and mitigating the impact of climate change by advocating policies to promote Net Zero greenhouse gas emissions that adhere to the principles of the circular economy in business operations through the support of trade associations by being a member of various associations, including Renewable Energy Industry Club, Thai Biodiesel Producer Association (TBA), Thailand Business Council for Sustainable Development (TBCSD), to ensure that the Company's operations will lead to sustainable development. | 263,000.00 |
| Bioeconomy - Commit to grow the business that relates to agricultural raw materials | 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. | 162,000.00 |
Moreover, GGC has participated in various organizations and trade associations, including providing budget support. The top three largest contributions that GGC has the highest participation in are as follows:
| Name of Organization | Type of Organization | Details | Total Amount Paid in FY2023 (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. Global Compact Network Thailand (UNGC) | Tax Exemption Group | Global Compact Network Thailand (UNGC) Is an organization that strategizes sustainable development in accordance with UN Sustainable Development Goals through the creation of collaborations and innovation development which advance the broader development goals of the United Nations. Moreover, through the collaboration, UNGC has driven the 10 Principles of UN Global Compact for businesses to follow, which considers 4 elements, including the Human Rights, Labour, Environment and Anti-Corruption. | 175,000 |
| 3. 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 |
For more details on the GGC’s Climate Change Lobbying Policy, see Task Force on Climate-related Financial Disclosures (TCFD) Report at TCFD Report 2023