Environmental Policy and Practice

The Company operates its business taking the environment into consideration in every process of the business value chain. This is to ensure that the Company contributes to the mitigation of environmental impacts, and is able to strike a balance between business operation and the environment. The Company has set its environmental goals in line with the country's goals by aiming to reduce greenhouse gas emissions by 40% by 2030 as well as achieving carbon neutrality by 2050 and net zero by 2065.

The Grow Green Project

The Company has established an environmental policy and guidelines through its Grow Green project in which the Company has resolved that

“Because we believe everyone’s actions affect the world, ASW will continue to operate our business to better the lives and the world simultaneously.”
Green Space: Giving importance to green space within the project
Energy Efficiency: Efficient energy use design
Waste Management: Sustainable waste management
Clean Air: Pay attention to having clean air
Water Management: Maximize benefits from water usage

Energy management within the Group’ construction projects:

Energy management in completed construction projects:

1. Electrical System Installment

Electrical system installment is needed to allocate power to each residential unit and common areas. The system includes Light Emitting Diode (LED) bulbs to reduce electrical consumption within the project and staff to monitor the electrical system and immediately alert the Electrical Authority in case any repairment is necessary.

2. Energy Preservation

The project has determined to energy-saving measures is divided into 2 parts as follows

  1. The design of construction projects must comply with the Ministerial Regulation on the Type or Size of Building and Standard, Criteria and Procedure in Designing Building for Energy Conservation B.E. 2552 and energy-saving considerations.
  2. Publish and distribute energy-saving handbooks for each residential unit and/or install signage to promote energy preservation for its residents.

Furthermore, energy-efficiency certification, maintenance of electrical systems, air ventilation in common areas, and machines are regularly arranged.

3. Solar Rooftop Installation To Promote The Use Of Clean Energy

The Group puts emphasis on the use of clean and renewable energy and began its solar rooftop installation in the following projects:

  • Mingle Mall Kave TU – 724 square meters of solar rooftop was installed in December 2021.

    Generating Approximately

    150 kilowatts of solar energy
  • Kave TU – 864 square meters of solar rooftop was installed in April 2022.

    Generating Approximately

    178 kilowatts of solar energy
  • Kave Town Shift – 969 square meters of solar rooftop was installed in June 2022.

    Generating Approximately

    150 kilowatts of solar energy

4. Promote the use of electric cars and the use of clean energy

Under collaboration with Haupcar – a ride sharing platform provider and electric rental car provider, the Company offers its space in Kave Town Space and Mingle Mall projects as 24hrs service points for HAUP app users to access electric rental cars and promote the use of clean energy.

Energy management at the headquarters

Energy-saving campaigns at the headquarter include internal communications to promote eco-conscience for its employees, control of lighting and air-conditioning based on timing and necessity in certain areas, LED bulbs replacement throughout the offices, installation and maintenance of electrical systems to ensure its maximum energy-saving efficiency.

In addition, 153.9 square meters of solar rooftop systems were installed, generating approximately 32 kilowatts of solar energy to be used at the headquarters instead of the usual energy consumption.

Water management in the Group’ construction projects:

Water management in completed construction projects

The Company seeks to ensure its wastewater treatment complies to the BOD legal standards before releasing it outside of the project areas. Each project has a wastewater treatment system setup that is sufficient for the amount of wastewater occurring during the project period. Expert staff are assigned to maintain the system to its full efficiency, with regular repairment schedules and wastewater system testing.

Moreover the Company prepares preventive measures against the spread of diseases by using ozone to sterilize wastewater and reusing the treated water to water the plants in its construction projects.

Water management at the headquarters:

The Company manages water usage at its headquarters by monitoring water consumption, using water-saving sanitary wares, and continuously testing plumbing systems. Internally, the Company organized water-saving campaigns to encourage eco-friendly mindset for its employees.

Waste and pollution management from construction projects of the Group:

Waste management in completed construction projects:

For completed construction projects, the Company allocated waste rooms for all residential floors. The waste is separated into general waste, composable waste, recyclable waste, and toxic waste bins for the residents. Each bin is color-coded according to the type of waste and residents are encouraged to sort their waste and recycle plastic or paper bags when possible to reduce waste within the property. The property management then labels each bag according to the type of waste before handing them to the service authority.

Furthermore, the property management regularly maintains the waste bins in good working condition, immediately replaces them when needed, sorts the waste left outside of the bins, and keeps the waste rooms clean. The property management or juristic office shall strictly follow the waste management measures.

Waste management at the headquarters

1. Zero Landfill Station

Another innovative waste management done by the Company is to sort large waste such as recyclable waste, non-recyclable waste, and food waste. Each type requires an appropriate waste process to recycle, turn into energy, feed animals, or make fertilizers so that no waste is left to bury in landfills. The Company implements this using the “sort-drain-flip” concept.

2. Hazardous Waste For Donuts

The Company organized a “Hazardous waste for donuts” campaign to encourage employees to bring in hazardous waste such as spray bottles, expired medicine, light bulbs, or battery, in exchange for donuts. The campaign helped raise awareness about the danger of hazardous waste not being appropriately sorted.

3. Refill Station

The activity aims to encourage employees to use fewer plastic containers and encourage them to bring in used containers to refill everyday detergents such as dishwashing detergent, fabric softener, laundry detergent, or hand soap.

Greenhouse gas management in construction projects of the Group

The Group is aware of the need to limit greenhouse gas emission in its operation – most of which come from employees’ use of personal vehicles, headquarters’ air conditioning systems, and construction projects. It aims to operate strictly according to Environmental Impact Assessment (EIA) policies in every project and corporate activity.

Greenhouse gas management in headquarters:

The majority of gas emission comes from traffic within the construction areas such as parking and internal roads. The gasses emitted are Carbon Monoxide (CO), Hydrocarbon (HC), and Nitrogen Dioxide (NO2). The Company must put in place measures to prevent and evaluate environmental impact such as encouraging residents to turn off their vehicle engines while not in use in the parking areas and planting trees to help absorb Carbon Monoxide (CO).

Greenhouse Gas Management In Headquarters

The Company has joined the voluntary Carbon Neutral organization and has been certified by the resolution of the Board of the Thailand Greenhouse Gas Management Organization (Public Organization) or TGO’ meeting No. 3 on 25 March 2022 for the Company’s willingness to be evaluated and neutralize its greenhouse gas emission with carbon credit.

carbon footprint

The scopes used in evaluating greenhouse gas emission are as follows:

  • Scope 1:

    Direct greenhouse gas emission, in which the sources belong to or are managed by the organization

  • Scope 2:

    Indirect greenhouse gas emission relating to electricity generation

  • Scope 3:

    Other indirect greenhouse gas emission

The Volume of Greenhouse Gases

1,110 ton of carbon dioxide equivalent

Total Greenhouse Gas Emissions


Tons Of Carbon Dioxide Equivalent

In 2022, the company’s total greenhouse gas emissions were 1,110 tons of carbon dioxide equivalent. which is a direct greenhouse gas emission (scope 1) of 204 tons of carbon dioxide equivalent Indirect GHG Emission (Scope 2) 248 tons of carbon dioxide equivalent and other indirect greenhouse gas emissions (scope 3) 658 tons of carbon dioxide equivalent.

The Company sets up policies to encourage less greenhouse gas emission by training employees on global warming topics, sources of greenhouse gas emission, global warming advocacy, and other campaigns such as water-saving campaigns, efficient use of resources, 25C air-conditioning campaigns, 1-hour lights-off during lunch break, turning off lights when not in use, and utilizing solar power in the headquarters’ common areas. Additionally, the buildings were designed to utilize exterior gardening and facades to prevent heat from entering the building and help save energy used by air conditioners.

Expanding green spaces

1. Plant For The Planet Project

The project aims to raise awareness to reduce CO2 emission in the future, both in business and personal activities, by inviting participants to plant 433 trees/person* to offset the CO2 an individual emits during everyday activities and prevent the global temperature from rising more than 1.5C degrees. *An average Thai person emits greenhouse gasses 3,900 kilograms/year, a 10-year-old tree absorbs 9 kilograms of CO2/year

2. Innovative Trees-Planting Recording Method

The development of LINE Official account name “ASWGrowGreen” took place to create a new trees-planting experience. The recording of each tree planted includes the tree’s name, its place, date of planting, and location.

3. Planting Center

the Company partners with Ramindra Sports Park, Office of Public Parks under the Bangkok Metropolitan Administration to plant in preparation for the 2023 forestation. The Royal Forestry Department provided more than 20 species of plant seed including Dalbergia Cochinchinensis, Leguminosae, Sindora Siamensis, Pterocarpus Macrocarpus, Wrightia Arborea, etc. 5,000 trees were planted by employees and public volunteers at Ramindra Sports Park.

4. Care The Wild Project

The Company with the Stock Exchange of Thailand. Through the “Care the Wild – Plant & Protect” project, the Company sponsored planting and forest restoring activities at Baan Lang Kao local community forest, Moo 6, Nong Grang, Bor Ploy, Kanchanaburi. With “AssetWise Growgreen” principles, the Company aims to develop residential projects while protecting the environment and passing on the principles.The targets are to build quality livelihood sustainably, build a balanced ecosystem, relieve global warming effects, and expand the forest as the long-term food source for the community.