Environmental Issue

Resources and Environment conservation

In 2022, the Company realized the importance of the environment although its business operation deals with financial services. The Company has the determination to care and be responsible for the environment as the Company deems a sector in the society where every part must support each other so that the community or society stands in a good environment. The Company formulates the policy and practice guidelines in relation to safety, occupational health and environment to ensure that the Management and employees are aware of their duties and responsibilities, and give cooperation in managing the above matters. The policy in detail appears on the Company’s website at www.ifscapthai.com under the topic of “Corporate Governance”.

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Company’s Safety, Health and Environmental Policy

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The Company has taken several actions to promote and support environmental conservation as follows:

Setting up guidelines for determining loans for specific industries that may cause environmental and social impacts in order to ensure the business is operated steadily, legally, and generates sustainable returns to all stakeholders.

Encouraging online meetings to be fully used inside and outside the organization such as board meetings, executive meetings, shareholders’ meetings, and meetings to communicate with employees during the work-from-home period, which was an operating alternative during the COVID-19 pandemic.

Promoting the use of innovations and technologies in business operations, for example, the commencement of the Sunrise Project as developed and improved from JFactor Program, which is the core program used for the Company’s business operations. It helps boost the Company’s work efficiency, centralize its data, and reduce paper consumption from printing.

Campaigns for indirect saving of electricity, e.g., use of LED bulbs for energy saving, cost-effective use of water and office stationery.

Supporting the use of environmentally friendly products.

Cooperating with the residential juristic person in separating garbage before throwing it away so that some of them could be recycled.

Planning to prepare the greenhouse gas report by gathering all activities relating to the use of energy and resources, together with the environmental management in the organization which caused the greenhouse gas resulting in global warming and climate change.

Environmental Performance

Carbon Footprint for Organization (CFO)

An unstopped emission of greenhouse gases (GHG) due to a variety of human activities from energy consumption, production of goods and services, transportation, deforestation, use of natural resources and environment in other forms will result in global warming, consequently causing climate change. At present, this climate change becomes international problem that everyone and all sectors must join hands to reduce such emissions, whereas the government sector gives sincere support to solve the climate change problem and to promote a concrete low-carbon society so that Thailand’s target to reduce the greenhouse gases of 20-25% from the case of normal operations would be met by 2030.

From the impact of global warming, many countries around the world have been alert to take actions to reduce the emission of greenhouse gases. Carbon Footprint for Organization (CFO) is a method of evaluating the volume of greenhouse gases emitted from all activities of an organization. Such emission is calculated in the form of Carbon Dioxide equivalent, which would lead to an establishment of management guidelines to reduce the emission of greenhouse gases efficiently.

As the Company realizes the importance of CFO, it has collected direct and indirect greenhouse gas emissions data from its activities in order to evaluate the volume of greenhouse gases emitted by the organization. The evaluation results would be used to develop the guidelines for reducing the Company’s greenhouse gas emissions efficiently, and to report it in accordance with the requirements for calculating and reporting if the Carbon Footprint for Organization by Thailand Greenhouse Gas Management Organization (Public Organization) or TGO, which is a registration and certification agency for greenhouse gas information.

In 2022, the Company carried out its CFO for the first time by determining the corporate scope in the greenhouse gas inventories based on operational control approach and collecting data on the Company’s activities of emitting greenhouse gases in 2021 from Scope 1 and Scope 2 GHG emission sources, and Scope 3 GHG emission source. The carbon footprint verification guideline issued by TGO was used as a verification criterion, whereas the report had been verified for accuracy and reliability and certified by an external verifier ECEE Company Limited.

The Company has not yet had the base year for reference and comparison as it has just provided Carbon Footprint for Organization for the first year.

Table Shows the Assessment Result for Greenhouse Gases Emitted from the Company’s Activities in 2021

Scope	Corporate Emission of Greenhouse Gases (Ton CO₂e)	Proportion (%)
Scope 1	48	33
Scope 2	81	56
Scope 3	16	11
Total (Scope 1+2)	129	89
Total (Scope 1+2+3)	145	100

From the above, the largest source of greenhouse gas emission of the Company was from Scope 2 due to the use of electricity in the office, representing 56 % of the total greenhouse gas emission scopes. The total quantity of carbon footprint of Scope 1 and 2 is 129 tons of carbon dioxide equivalent (Ton CO2e). In the following year, the Company will prepare a report to assess the amount of greenhouse gas emissions caused by its activities in order to compare the results with the previous year’s report and plan to further manage greenhouse gas emission reduction.