TPI Polene

No leading practices were identified for this company.

No leading practices were identified for this company.

No leading practices were identified for this company.

No leading practices were identified for this company.

TPI Polene has set targets to decrease scope 1 and 2 emissions by 39% by 2030 compared to 2020 and reach net-zero emissions by 2043. However, the company’s emissions reduction targets could not be assessed since it does not report its cement production or indicate if it plans to rely on carbon offsets to reach net-zero emissions. TPI Polene’s scope 1 and 2 emissions intensity has not significantly decreased in the past. Furthermore, the company only reports its emissions data starting from 2020.

Although TPI Polene has implemented board-level oversight of climate change, there is no evidence that its board has adequate climate expertise. The company has defined a roadmap to achieve net-zero emissions by 2043 at the group level. However, it has not conducted a climate scenario analysis to inform its transition plan and ensure the plan’s ambition aligns with a 1.5°C pathway. To show its commitment to a low-carbon transition, TPI Polene can publish more details of its investments in low-carbon solutions that it plans to rely on, such as low-clinker cement, renewable energy sources and energy efficiency.

TPI Polene is the first Thai company to use waste as an alternative to replace fossil fuels. The company reports that it substituted 12% of the coal used in its cement plants with alternative waste-based fuel in 2022. It is estimated that the company has invested around USD 300,000 in the research and development (R&D) of low-carbon technologies in the last three years. This is equivalent to less than 10% of its total R&D investments. TPI Polene can provide more disclosure of its investment in mature and non-mature low-carbon technologies.

No evidence was found to suggest that the company engages with suppliers and clients on climate change issues or emissions reduction through strategies, initiatives or partnerships. No evidence was found to indicate that TPI Polene is a member of any trade associations that oppose climate-positive activities or positions. The company can increase its credibility by developing and publicly publishing a monitoring and review process to ensure the policy positions of its membership associations are aligned with the values of the Paris Agreement.

TPI Polene commits to contribute to the United Nations Sustainable Development Goals (SDGs), among other initiatives, as part of its roadmap for net zero by 2043. The company can more clearly report the emissions reduction it expects from the actions it plans to undertake in its various activities.

TPI Polene has identified relevant actions to decarbonise its activities, including its cement production. The company should ensure its goals are aligned with the Paris Agreement requirements and regularly monitor its progress.

TPI Polene’s scope 1 and 2 absolute emissions have decreased at the group level in the last two years, but the emissions intensity related to its cement production has not significantly decreased within the same timeframe. The company does not report older emissions data.

TPI Polene is focusing on using waste as an energy source to run its cement kilns in order to substitute coal and limit waste sent to landfills in Thailand. The company is also working on energy efficiency measures to lower emissions from clinker manufacturing.

The company can strengthen its roadmap for achieving net-zero emissions by 2043 by including financial details related to the low-carbon technologies and solutions it plans to rely on. Further, it can provide a breakdown of the expected emissions reduction for each of its activities to make the roadmap more credible.

No evidence was found of the company’s commitment to social dialogue or of the categories of stakeholders the company engages with on a just transition. Furthermore, no evidence was found to demonstrate the company’s ongoing social dialogue and meaningful engagement with affected stakeholders.
No evidence was found of the company undertaking low-carbon transition planning to mitigate the social impacts of the transition on workers, affected stakeholders and its business relationships. Additionally, no evidence was found to demonstrate the company’s engagement in social dialogue and with stakeholders in its just transition planning.

No public commitment by the company was found stating its intention to create and support access to green and decent jobs as part of the low-carbon transition. Moreover, no evidence was found of the company’s action to promote these jobs in a way that ensures gender balance and inclusion of vulnerable groups.
No relevant disclosure was found of the company’s assessment of employment dislocation risks. Further, no public commitment by the company was found stating its intention to reskill and upskill workers displaced by the transition to a low-carbon economy. Additionally, no evidence was found that the company reskills and upskills workers in a way that ensures gender balance and inclusion of vulnerable groups.

No relevant disclosure was found to show if the company identifies the impacts of the low-carbon transition on social protection for workers and affected stakeholders, nor how it contributes to their social protection. Additionally, no evidence was found that the company expects its business relationships to contribute to the social protection of their workers and affected stakeholders.
No relevant disclosure was found to show how the company identifies any misalignment of its lobbying activities with policies and regulations that support the just transition, nor of the measures it takes to address misalignment. Furthermore, no evidence was found that the company lobbies for policies and regulations for green and decent job creation; retention, education and reskilling; and social protection for workers.

No company policies or commitments related to respect for human rights were found in the public domain. This includes the necessary policies and systems by which the company can ensure respect for basic human rights in its operations and supply chain.

The company discloses some diversity statistics, such as the proportion of its workforce by gender. Additionally, it discloses quantitative information related to worker health and safety. No other relevant company disclosure on key decent work issues was found in the public domain. These issues include the provision of safe, secure and healthy workplaces, where workers are fairly renumerated and have a meaningful say in decision-making.

The company has a policy prohibiting bribery and corruption, and it includes corresponding clauses in its business relationship contracts. No other relevant company policies or commitments related to key ethical business topics – personal data protection, tax, and lobbying and political engagement – were found in the public domain. This includes ensuring ethical business conduct throughout its operations and in its business relationships.