ESG

Risk Management

  • 26 Nov 2024
  • ESG
  • Economics & Governance
  • Share :
The group manages initial production and operational risks under the framework of ISO 9001:2015, which serves as the foundation for risk management. However, to achieve sustainable risk management, efforts are being made to expand the policy to include all stakeholders in the supply chain.

Scope:
  • All companies in the group and all stakeholders in the supply chain.
Goals:
  • Identify all potential risks in the supply chain.
  • Develop preventive and corrective measures to address risks based on their priority.
Process:
  • Create a Risk Matrix to assess likelihood and impact.
  • Define Key Risk Indicators (KRIs).
  • Develop comprehensive risk prevention and mitigation measures.
  • Implement a Business Continuity Plan (BCP).
  • Promote awareness and knowledge of risk management across all levels of the organization.
  • Continuously identify and address emerging risks.
Outcome in 2024:
  • Review compliance with ISO 9001:2015 standards.
  • Plan and prepare for supply chain risk assessment.

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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