Environment
The Company recognizes its environmental responsibility as an organization that significantly impacts and is impacted by the environment. This includes stakeholders and resource users throughout the value chain. From the sourcing of raw materials, production, transportation, energy use, waste management, to emissions—each step can contribute to environmental degradation. Therefore, the Company has established a systematic environmental management framework, with oversight by the Sustainable Development Steering Committee & Working Committee, which is responsible for setting targets, operational frameworks, and evaluation criteria for the performance of relevant executives and employees.
In addition, the Company has implemented an environmental management system that aligns with international standards, aiming to ensure operations are sustainable and environmentally responsible while promoting long-term organizational sustainability.
Moreover, the Company is committed to environmental risk control by implementing preventive practices and adhering to internationally recognized environmental and social guidelines to reduce adverse impacts on the economy, society, and the environment over the long term.
GHG Management
Energy Management
Water and Effluents
Waste Management
Biodiversity
ESG Compliance
Greenhouse Gas Emissions
P.S.P. Specialties Public Company Limited is committed to developing its business sustainably with environmental responsibility. But release of greenhouse gases contributes to global warming and climate change. This challenge not only affects the Company and the surrounding communities, but also has economic and social implications globally.
To address this, the Company has developed policies and guidelines for managing greenhouse gas emissions systematically. The goal is to reduce emissions in every operational process by adopting innovative and energy-efficient technologies, especially in production. This includes environmental management systems that enable effective monitoring, evaluation, and control of emissions.
The Company aims to reduce resource and energy consumption and greenhouse gas emissions, helping ensure more efficient and environmentally friendly operations. This enables PSP to assess environmental impacts and adjust processes to reduce waste and emissions from its operations. Furthermore, the company adheres to sustainability principles and applies effective waste management to reduce both waste volume and emissions.
Performance in 2024
In 2024, the Company reviewed its greenhouse gas (GHG) emissions data from various business activities to prepare supporting information for the organization’s carbon footprint report. The summary of GHG emissions by scope is as follows:
The total greenhouse gas emissions from all three scopes showed a significant increase for the Company, rising from 189,474 tons of CO₂ equivalent in 2023 to 229,245 tons of CO₂ equivalent in 2024. This indicates the Company’s business expansion and extended operating hours. However, the Company remains committed to reducing GHG emissions and has implemented a comprehensive emission reduction plan. This includes: Promoting energy-efficient work practices, enhancing machinery efficiency, using energy more effectively and responsibly. Additionally, the Company has focused on leveraging technology for effective emission monitoring and control, supporting its long-term sustainability goals.
Summary table of greenhouse gas emissions for all 3 scopes between 2021–2023
| Scope | Volume of GHG Emission (ton CO2e / year ) | |
|---|---|---|
| 2023 | 2024 | |
| Scope 1 | 3,267 | 3,255 |
| Scope 2 | 4,483 | 4,282 |
| Scope 3 | 181,724 | 213,335 |
| Others | 104 | 152 |
| Total (Scope 1 + Scope 2) | 7,750 | 7,537 |
| Grand Total (Scope 1 + 2 + 3) | 189,474 | 220,872 |
Notes:
- The Company has prepared CFO report only since 2023 (B.E. 2566).
- The CFO report 2024 is currently being verified by an accredited greenhouse gas management/ISO certification body, and will be registered with the Thailand Greenhouse Gas Management Organization (Public Organization). Progress will be disclosed in the Sustainability Report 2024, which will be published on the Company’s website.
Energy Management
PSP Specialties Public Company Limited operates its energy management practices efficiently under the guidance of a highly experienced energy management committee. The committee is responsible for overseeing compliance and promoting continuous improvement in accordance with the Energy Conservation Promotion Act B.E. 2552 (2009). The Company’s energy policy and management practices are also aligned with the regulatory framework, standards, principles, and methods for energy conservation in controlled factories and buildings. The Company is committed to reducing energy consumption and minimizing environmental impacts, in line with national energy policies and relevant government regulations. The detailed policy includes the following:
- The Company has established a comprehensive energy conservation plan starting from energy audits and performance evaluations, including implementing improvement measures based on evaluation results.
- Energy reduction targets are set based on actual energy consumption data, with specific indicators that enable effective monitoring and evaluation.
- Modern technologies are applied to improve energy efficiency, such as introducing new innovations to enhance productivity and reduce energy use during production processes.
- Energy awareness is promoted by cultivating an energy conservation culture and organizing programs to increase awareness and knowledge at all organizational levels.
- Monitoring and reporting systems are in place to assess the outcomes of energy management efforts, enabling management to track performance and continuously improve energy initiatives.
Performance in 2024
In 2024, the Energy Management Working Group received endorsement from the management to set plans and carry out activities aimed at reducing energy consumption in accordance with defined targets. This included measures such as reducing machine operating hours, adjusting air pressure, setting temperature thresholds, and installing high-efficiency or energy-saving equipment. A summary of energy-saving production process outcomes is as follows:
| Energy Conservation Projects | Performance in 2024 |
|---|---|
| Project: Reducing operating hours of chiller pump |
|
| Project: Reducing pressure from 7.0 bar to 6.2 bar |
|
| Project: Reducing hot oil system Set Point |
|
Water Resource Management
Water is a vital natural resource essential to the business operations of PSP Specialties Public Company Limited (the Company), in every aspect—production, general operations, and beneficial use. The Company views water management as a core principle and is committed to using water efficiently and sustainably in compliance with relevant regulations.
In parallel, the Company emphasizes treating wastewater from production processes before discharging it to ensure minimal environmental impact. Furthermore, the Company implements water conservation measures within its factories to optimize the efficiency of water usage. Through these efforts, the Company aims to build long-term resilience in its internal water management systems while promoting sustainability over the long term.
Performance in 2024
Water usage within the organization plays a crucial role in the operations of PSP Specialties Public Company Limited. Based on data from the past three years, the volume of water withdrawn and consumed has shown a continuous increase. This increase corresponds with the expansion of business activities and rising water demand in production processes. To manage this, the Company aims to enhance efficiency in water use and minimize water loss, ensuring responsible management to reduce environmental impact and unnecessary costs.
Additionally, the Company has developed a sustainable water management plan and adopted relevant technologies to establish water stewardship as a core practice, enabling the organization to operate sustainably.
- The volume of groundwater withdrawn has increased significantly from 2021 to 2024, rising by 28,144 cubic meters—from 56,048 m³ in 2021 to 84,192 m³ in 2024. This increase reflects the rising water demand due to business expansion, but the Company strives to improve production efficiency and reduce water usage intensity.
- While the total water volume withdrawn has increased, the Company has been able to maintain water discharge at a relatively low level compared to withdrawal. This demonstrates efforts to reduce losses and water discharge through treatment and reuse planning for operational efficiency.
| Water Usage Indicator | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Volume of Water Use (m³) | 28,144 | 53,741 | 50,038 | 56,048 |
| Volume of Water Discharged (m³) | 22,515.20 | 42,992.80 | 40,030.40 | 44,838.40 |
Water quality monitoring and analysis is an important part of the Company’s environmental management. P.S.P. Specialties Public Company Limited follows the Environmental Impact Assessment (EIA) Monitoring Report guidelines. In 2024 (B.E. 2567), the PSP1 factory conducted regular water quality sampling to monitor compliance with environmental standards and assess the performance of its wastewater treatment systems before releasing the water back into the environment. The analysis covered parameters such as BOD (Biochemical Oxygen Demand), COD (Chemical Oxygen Demand), and TSS (Total Suspended Solids), and revealed the following:
- BOD (Biochemical Oxygen Demand): Measures the amount of oxygen required to biologically break down organic matter in the water. The BOD levels remained within permitted standards throughout the year, indicating that the wastewater treatment system operates efficiently.
- COD (Chemical Oxygen Demand): Evaluates the amount of oxygen needed to chemically oxidize organic and inorganic substances in the water. COD levels were consistently below regulatory limits, reflecting effective control of wastewater quality.
- TSS (Total Suspended Solids): Measures the concentration of suspended solids in the water. TSS values were within standard limits, indicating effective filtration and sedimentation in the treatment process.
The 2024 PSP1 factory monitoring results confirmed that the treated wastewater met both quality and legal standards as required by EIA regulations. This outcome provides useful guidance for future technology upgrades and sustainable water resource management.
| Parameter | Unit (s) | Location | Person in Charge | Wastewater Quality Monitoring Results in 2024 | Standard | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sept | Oct | Nov | Dev | |||||
| pH | - | Effluent | LP | 6.1 | 8.8 | 8.1 | 8.3 | 6.9 | 7.6 | 8.4 | 8.8 | 8.4 | 8.9 | 8.2 | 8 | 5.5 - 9.0 |
| TDS | mg/l | Effluent | LP | 213 | 171 | 178 | 181 | 144 | 130 | 256 | 206 | 152 | 148 | 186 | 169 | ≤ 5,000 above natural water source |
| SS | mg/l | Effluent | LP | <5 | <5 | <5 | <5 | <5 | <5 | <5 | <5 | <5 | <5 | <5 | <5 | 50 |
| BOD | mg/l | Effluent | LP | <2 | <2 | <2 | <2 | <2 | <2 | <2 | <2 | <2 | <2 | <2 | <2 | 20 |
| COD | mg/l | Effluent | LP | <40 | <40 | 41 | <40 | <40 | <40 | <40 | <40 | <40 | <40 | <40 | <40 | 120 |
| Oil and Grease | mg/l | Effluent | LP | 1.6 | 1.6 | <1 | 1.2 | 2 | 1.2 | <1 | 1.5 | 1.7 | <1 | <1 | <1 | 5 |
| Barium | mg/l | Effluent | LP | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0.06 | 0.05 | 0.06 | 0.05 | 0.05 | 0.06 | 0.05 | 1 |
| Parameter | Unit (s) | Location | Person in Charge | Wastewater Quality Monitoring Results in 2024 | Standard | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sept | Oct | Nov | Dev | |||||
| pH | - | ท่า 5 | JT | 6.4 | 7.6 | 7.7 | 8.5 | 8.3 | 6.9 | 8.4 | 8.2 | 7.2 | 8.4 | 8.2 | 7.4 | 5.5 - 9.0 |
| Color (ADMI) | ADMI | ท่า 5 | JT | 25 | 30 | 5 | <5 | 7.2 | 5.5 | <5 | <5 | <5 | <5 | 9 | 14 | 300 |
| TDS | mg/l | ท่า 5 | JT | 870 | 11200 | 126 | 151 | 126 | 196 | 221 | 185 | <50 | 86 | <50 | 794 | ≤ 5,000 above natural water source |
| SS | mg/l | ท่า 5 | JT | 6.3 | 15 | <5 | <5 | <5 | <5 | <5 | <5 | <5 | <5 | <5 | 11 | 50 |
| BOD | mg/l | ท่า 5 | JT | 9.5 | 8.6 | <2 | <2 | <2 | <2 | <2 | <2 | <2 | 2.6 | <2 | 19 | 20 |
| COD | mg/l | ท่า 5 | JT | 58 | 90 | <40 | <40 | <40 | <40 | <40 | <40 | <40 | <40 | <40 | 58 | 120 |
| Sulfide | mg/l | ท่า 5 | JT | 0.7 | 1.6 | 0.4 | <0.4 | <0.4 | <0.4 | <0.4 | <0.4 | <0.4 | <0.4 | <0.4 | <0.4 | 1 |
| Oil and Grease | mg/l | ท่า 5 | JT | 1.4 | 2.4 | 1.2 | 2 | <1 | <1 | 1.1 | 1.9 | 1.1 | <1 | <1 | 4.4 | 5 |
| TKN | mg/l | ท่า 5 | JT | 3.4 | 5.7 | 1.4 | <1 | <1 | <1 | 1.5 | <1 | <1 | 2.3 | 4.2 | 13 | 100 |
Note:
- Announcement of the Ministry of Industry regarding the determination of standards for controlling wastewater discharge from factories, B.E. 2560 (2017)
- Announcement of the Ministry of Natural Resources and Environment regarding the determination of standards for controlling wastewater discharge from industrial estates, B.E. 2560 (2017)
In 2024, P.S.P. Specialties Public Company Limited demonstrated its commitment to water resource protection and conservation through the implementation of a modern wastewater treatment system. This included regular monitoring and continuous improvements to treatment processes in order to ensure that discharged water meets regulatory standards and maintains the required quality for environmental safety.
Waste Management
P.S.P. Specialties Public Company Limited places great importance on waste management within the production process and service operations in accordance with applicable legal requirements. The Company emphasizes efficient resource utilization and adheres to the 3R principles and the Circular Economy model in waste management throughout its business operations. This approach helps reduce resource loss, promotes resource circulation and reuse, and encourages the recycling of resources for new use.
Performance in 2024
In 2024, P.S.P. Specialties Public Company Limited implemented waste management in compliance with legal requirements and in alignment with the 4Rs principles (Reduce, Reuse, Recycle, and Repurpose), ensuring systematic and efficient resource management as follows:
Resource Reduction (Reduce)
The Company has improved its production process to maximize resource efficiency and minimize raw material waste. Improvements include optimizing production steps, enhancing machinery efficiency, and reducing loss during material transfers. Examples include:
- Energy-saving initiatives (electricity, fuel)
- Better space utilization in warehouses
- Clear inventory control policies using the FIFO system (First-In-First-Out)
- Minimizing material damage and unnecessary purchases
Reuse
The Company reuses and refurbishes containers and tools to extend their lifespan and reduce the need for new purchases. Examples include:
- Reusing containers, tools, and safety gear
- Reusing waste from the production process, such as raw materials that meet standards for further use
Recycle
The Company separates and recycles waste within the plant. Examples include:
- Segregating waste for reuse within the Company or returning to suppliers
- Recycling used solvents or cleaning agents
- Recycling various containers like drums, barrels, and pumps
Waste or Material Repurposing (Repurpose)
The Company has developed projects to repurpose waste and materials into new products, such as turning plastic waste into office furniture, innovations using used oil to reduce waste, and more.
One such initiative is the “Recycle Waste Bank” project, launched in 2024 in collaboration with schools and local municipalities including:
- Anuban Thonburi School
- Wat Luang Pho Sothorn School
- Wat Don Thong School (Chachoengsao Province)
- Local administrative organizations
The “Recycle Waste Bank” project is an initiative that encourages youth to develop awareness of sustainability and waste segregation at the source. The program applies 4Rs principles: Reduce, Reuse, Recycle, and Repurpose. Participants learn to track waste data and improve management, aiming for long-term sustainability. Activities include competitions, recycling workshops, and educational campaigns involving students, parents, teachers, and communities.
Key project highlights:
- Students can exchange recyclable waste for school supplies. This motivates better waste sorting habits.
- Communities can repurpose materials for creative and practical products, such as turning clothes into bags or fabric into cushions.
- Schools showcase creativity by transforming waste into useful items like toys or decorations during various events.
The “Recycle Waste Bank” for communities is another initiative to promote efficient waste management. It encourages proper waste segregation and awareness about the value of waste among the public and local communities.
Workshops were held to share recycling knowledge, stimulate creative waste transformation, and promote circular economy practices.
Through these projects, the Company promotes sustainable development in alignment with the circular economy model. This fosters awareness and community engagement in reducing waste and maximizing resource efficiency in the long run.
Biodiversity
P.S.P. Specialties Public Company Limited places great importance on resource management and the genuine preservation of sustainability, particularly in the area of biodiversity. Water resources are a vital component in the Company’s production of various types of products. The Company has several production sites and distribution centers, all of which require effective management in accordance with environmental conservation and sustainable utilization principles. In this regard, the Company ensures that all operations comply with environmental protection laws and standards and collaborates with government agencies and local communities to promote responsible and efficient water resource management. P.S.P. Specialties also applies modern technologies to monitor and evaluate water usage efficiency, continuously developing management and reduction methods to minimize negative environmental impacts. The Company strives for excellence in managing natural resources and environmental sustainability. It recognizes that protecting biodiversity is not just about caring for the environment, but also about ensuring the long-term continuity and success of the business.
Performance in 2024
For the conservation and protection of biodiversity within the Company’s premises and operational areas, the Company has adopted the Green Architect concept in the design of its office buildings. This concept emphasizes harmony with nature and the principle of “A Sustainable Site Plan of Green Construction,” which promotes coexistence between humans and nature under the environmentally friendly (Environment-Friendly) principle.
The approach encourages the use of sustainable energy sources—such as energy-saving designs and natural lighting—and construction that minimizes environmental impact. The architectural designs adhere to eco-efficient standards, utilizing natural resources wisely to reduce environmental disturbance and support the company’s sustainable operations.
- Increasing green ventilation areas to allow the most natural airflow into the building.
- Utilizing open spaces such as multipurpose areas, activity zones, dining areas, and cafes with airy, open-air designs surrounded by trees and shaded paths.
- Planting large trees around buildings to reduce heat and sunlight, helping to create shade and comfort for users around the area.
- Designing meeting rooms to maximize the use of natural light.
- Using LED lighting systems for energy-efficient lighting, helping to reduce electricity consumption.
- Designing open and airy corridor layouts.
- Preserving original trees and selecting additional plants suitable for the environment to enhance green space, helping to support biodiversity in the ecosystem.
Legal Compliance in Corporate Governance, Social Responsibility, and Environmental Stewardship
PSP Specialties Public Company Limited has established a standard code of business ethics and anti-corruption measures, emphasizing honesty, transparency, and accountability. These principles are not only upheld throughout the organization but are also actively promoted to become part of its core values. At the same time, the Company places equal importance on workplace safety, aiming to foster sustainable growth from within the organization.
Performance in 2024
In 2024, no incidents, cases, or significant legal violations were found that could affect the Company’s assets, reputation, or business operations. There were also no fines that impacted the Company's ability to achieve its objectives.
Note:
The term “significant legal violations or cases” refers to legal matters or proceedings that have a material impact on the Company, involving:
- Financial penalties – such as fines or claims for damages that affect the Company's financial position
- Legal sanctions – such as injunctions or orders that restrict business activities
- Legal proceedings with government or regulatory authorities
- Penalties that affect the Company’s reputation or image
- Unresolved disputes – including lawsuits with partners, customers, employees, or any entity that may impact business relations
Further details regarding policy, governance frameworks, and annual performance under “Corporate Governance and Regulatory Compliance” can be found in the 2023 Annual Report (Form 56-1 One Report).
