ESG

Supply Chain Management

  • 25 Nov 2024
  • ESG
  • Economics & Governance
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The group plans to collaborate with partners and stakeholders across the supply chain to promote sustainable business practices. In 2025, we will introduce a Supplier Code of Conduct to establish fair and sustainable business practices with suppliers. The sales team and related departments will work together to enhance suppliers' knowledge, capabilities, and markets, fostering mutual growth.

Scope:
  • All companies in the group, including all suppliers and stakeholders in the supply chain.
Goals:
  • Conduct business fairly.
  • Collaborate with stakeholders in the supply chain to achieve sustainability.
Process:
  • Gather feedback from stakeholders to identify and assess risks in the supply chain.
  • Prioritize suppliers, focusing on critical Tier 1 suppliers.
  • Conduct multi-dimensional supplier risk assessments.
  • Add social and environmental considerations to procurement policies.
  • Draft and implement the Supplier Code of Conduct.
  • Conduct on-site ESG audits with suppliers.
  • Collaborate with suppliers on sustainable practices through training, policies, projects, and joint activities.
Outcome in 2024:
  • Prepare frameworks for supplier evaluation and risk identification.
  • Draft additional procurement policies.
  • Plan and draft the Supplier Code of Conduct.

OTHERS

Thai Koon Steel Group and its affiliated companies participated in the year-end and New Year 2025 celebration activities for the elderly in Bang Chak Subdistrict.

Thai Koon Steel Group is pleased to welcome community leaders. Which is a community nearby to the business establishment total 35 people visited the production process.

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