Sustainable Management in The Societal Aspect
Sustainable Management in The Societal Aspect
The Company operates its business with due regard to social values. The Company is committed to develop its business for sustainable growth, by offering quality products, being honest in its profession, and being responsible for the development of society at large through the following societal policy and guidelines.
The Company has human rights policy and operational guidelines details as follows:
Human Rights Policy
Directors, executives and employees at all levels must be aware of the importance of and respect human rights in all aspects of every person as well as the society and communities according to the laws of each country and according to the treaties that each country has obligations to fulfil per following.
- Treat everyone according to the principles of human rights and human dignity with equality and non-discrimination.
- Avoid actions that violate human rights.
- Support and promote human rights.
- Communicate, disseminate, share knowledge, promote understanding, set guidelines, monitor and provide support to related parties.
Guidelines for Human Rights Policy
- Respect human rights by treating each other with respect, honor each other and treat all stakeholders and vulnerable groups equally without discriminating against differences in physique, mind, race, nationality, origin, ethnicity, religion, gender, language, age, skin color, education, social status, culture, customs, or any other matter.
- Perform duties with prudence to prevent the risk of human rights violations in business operations.
- Treat each other without engaging in any action to be considered threats or harassment whether it is sexual harassment and other forms of harassment or an inappropriate verbal action, gesture or act.
- Develop and implement a due diligence process for human rights on a continuous basis covering every process along the business value chain, including investment or mergers and partnerships, in order to identify issues and assess risks and impacts of rights violations. Affected groups or individuals must be identified covering all stakeholder groups. Planning, solutions and prevention measures must also be in place to manage, resolve and prevent human rights violations to be consistent with the organization's risk management guidelines, covering risks in the relevant industries and countries while reviewing and monitoring the results. Appropriate remedies and mitigation processes in cases of human rights violations are to be ensured.
- Communicate, disseminate policies, share knowledge, promote understanding, set guidelines, and provide any other support to employees, suppliers and contractors in the business value chain. as well as joint ventures to participate in conducting business with ethics. Respect human rights and treat everyone according to human rights principles in line with this policy while checking understanding regularly and providing training on human rights including discrimination and harassment in the workplace for all employees and related parties.
- The Company is committed to creating and maintaining an organizational culture that adheres to respect for human rights in accordance with this human rights policy.
- Oversee and monitor respect for human rights and refrain from ignoring or being negligent when there is an action that is considered a violation of human rights that is related to the Company. The action must be reported through the Company's whistleblowing channels and it is required to cooperate in the investigation. In case of doubts or inquiries, please consult with your supervisor or the Company Secretary Department at telephone number 02 – 521-9533 extension 341 or email at 81co@assetwise.co.th.
- The Company adheres to this policy including non-discrimination and anti-harassment and does not tolerate harassment in any form (both sexual and non-sexual harassment). Any complaint that the Company receives related to the violation of this policy will be considered properly and accurately according to the Company's Whistleblowing Policy and such complaints will be kept confidential to provide fairness and protect individuals who report human rights violations related to the Company.
- For anyone who violates human rights including discriminatory behavior or harassment will be considered for the violation of this policy or the non-compliance with the Company's Code of Conduct, the Company must take corrective actions or consider taking disciplinary actions according to the regulations set by the Company. Legal action will be considered in case of the action is also against the law.
- The Company is committed to communicating, reporting and disclosing information on human rights undertakings, reliefs and remedies including incidents of discrimination and harassment to the public in a complete and transparent manner.
- The Company will review its human rights policy on a yearly basis and in case there are significant changes to the organization.
Employees are considered the most valuable resource, and is a key success factor. As such, the Company is committed to develop and fortify a good corporate culture and working environment. It promotes teamwork and building of goodwill and unity within the Company. Employee treatment is merit-based. Moreover, the Company attaches importance to clear and tangible promotion of health, safety, and the environment with respect to employee work conditions. As such, it has adopted the following practice.
- Treat employees with respect. Respect the honor, dignity, individuality, and human rights of employees.
- Prevent all types of forced labor by providing appropriate working hours and overtime, reducing excessive working hours for employees, and strictly complying with labor laws on working hours or overtime.
- Protect the personal data pf employees by limiting the disclosure and use of personal data such as family history, salary, performance assessment results, and medical history to Company personnel on a need-to-know basis. Personal data of employees will not be disclosed to any third party without the prior consent from the employee, unless required by law.
- Provide equal opportunities in employment, appointment, and relocation, as well as award, compensate, or sanction with honesty and on the basis of their knowledge, skill, and capacity, as well as Company rules, without regard to age, gender, sexual orientation, race, nationality, ethnicity, religious, belief or gisabilities.
- Fair remuneration of employees. Remunerate employees at the rate over that stipulated in the law and exceed minimum wage, both for long- and short-term employment, taking into consideration the Company’s and the employee’s performance. The Company will manage the remuneration, salary, and benefits so as to incentivize and retain knowledgeable and skillful employees with the Company.
- Ensure that the working conditions is always safe to the life and property of the employees. Ensure occupational health and provide employee welfare and benefits, such as provident funds, medical care, annual health checkups, marriage monetary gifts, funeral monetary contributions, provision of accident and health insurances. The Company also continuously communicates to employees to make use of the benefits, so as to maintain a good quality of life.
- Attaches importance to the development and increase of skill and potential to prepare readiness for professional growth, by continuously and comprehensively providing opportunities for employees to learn.
- Uphold strict compliance with laws and regulations relevant to employees and avoid engaging in any act that is unfair or that will adversely impact employees.
- Cultivate and create moral consciousness in sharing, giving, respect towards each other, and being a good citizen of society.
- Determine policies on safety, health, and the environment in employees’ performance of work and ensure that employees strictly observe such policies.
- A Welfare Committee elected by employees is established to monitor and represent the employee body in negotiating benefits with the Company.
- Respect or support the rights and freedom of association of employees to voluntarily form groups in accordance with the law and respect or support employees to be able to negotiate with the Company or its representatives in accordance with the law.
The Company is committed to achieve customer satisfaction, which has an impact towards the success of the Company’s business. The Company therefore continuously seeks ways to efficiently and effectively meet the needs of customers. It has put into effect an after sales service system to maintain amicable relationships in the long term. The Company has thus established the following operational guidelines.
- Deliver products and services which are of quality, meets or exceeds the expectations of the customers at a fair price. The products and services must be safe, not dangerous to the health of the customers, and reliable. The Company does not limit the customers’ right to access its products and services, and determines fair trade conditions for customers.
- Provide accurate, sufficient, and up-to-date news and information to customers to prevent any misunderstandings in the quality, quantity, or any conditions of the products or services without distorting the truth.
- Correspond with customers respectfully, effectively, and create reliability for customers. Respond to the customers need promptly to ensure maximum customer satisfaction.
- Effectuate a data security system for customers. Take care to not allow any customer data or secrets to be used for the illegal benefit of any party. The Company will not disclose customer information without prior consent from the customer or the Company’s authorized representative, unless required by law.
- Prepare a document introducing the service team personnel to customers after transfer of ownership. Monitor and conduct a survey on customer satisfaction. Foster relations with residence and support customers; social responsibility activities as well as to the environment.
- Make available a channel for customers to make recommendations and file complaints and report problems in connection with the Company, or to request assistance and advice on all matters relevant to the Company.
The Company adopts a policy to observe fair and equal treatment of business partners. In taking all actions, consideration must be given to reputation, and compliance with laws, rules, regulations, and significant customary practice, as well as the promise given to business partners. Consideration must be given to equality in business operation and the mutual benefits of business partners. As such, the following guidelines have been adopted.
- The Company treats business partners with equality under the same conditions so as to be fair to all parties.
- Provides an opportunity for new business partners to collaborate with the Company, to ensure skill development and the adoption of new technology. The business partner selection procedure is fair, transparent, and accountable.
- Provide truthful information and reports to business partners.
- Not request, accept, or pay any benefits which are not of honest trade practices to business partners. To prevent unfair practices, the Company prohibits the acceptance of any property or benefits from business partners or other persons with a duty or business related to the Company. Gifts received as part of general customs, such as in New Year’s, shall be forwarded to the human resources division for common use in the Company.
- Promote business partner cooperation in the prevention of corruption by not providing any form of bribery to governmental officers or to employees of the Company to provide any advantage in any case whatsoever.
- Strictly comply with agreements and all agreed terms and conditions. In the case it is not able to do so, the business partners shall be notified so as to jointly resolve the matter on the basis of business relations.
- Determine a clear and timely due date for payment of product price and service remuneration.
- Take care and assist business partners to be able to operate its business simultaneously with the business of the Company, without taking unfair advantage thereof.
- Provide channels through which business partners can raise complaints on unfair treatment, whereby complaints can be directed to the chief executive officer, the head of the audit committee, and the head of the internal audit team.
- Put in place measures to keep confidential business partners’ confidential information to prevent use of information of business partners for the benefit of any party illegally. Business partner information will not be disclosed without the consent of the business partner or from an authorized representative of the Company, unless required by law.
- The Company promotes and develops the potential and abilities of suppliers by encouraging suppliers to enhance their potential, knowledge, skills, and expertise to enhance efficiency in working with the Company.
The Company has a policy regarding fair treatment and responsibility for creditors, both trade creditors or financial institutions, in repaying outstanding debts on time according to the agreements or contract terms, especially regarding the guarantee conditions and capital management. Default on debt must be avoided to maintain the Company's credibility with creditors and financial institutions so that they consider the Company as an excellent customer to do business with at all times including strictly complying with the conditions set by creditors by adhering to principles of treatment of creditors to ensure fairness for both parties. Therefore, guidelines for creditor treatment have been established as follows:
- Provide accurate, complete and truthful information, sufficient for creditors’ needs.
- Provide a fair contract that complies with the law and is without characteristics of taking advantage of the counterparty who is a creditor of the Company.
- Use loans approved by creditors or financial institutions in accordance with the mutually agreed objectives.
- Maintain an interest bearing debt ratio in accordance with the rate set by financial institution creditors.
- Repay debts to creditors accurately and completely in a timely manner.
- Strictly follow the information disclosure requirements including reporting of important events that occur and may have a significant impact on the financial status and may affect the payment of the Company's debts to creditors as well as finding ways to prevent and mitigate risks and damages that may occur.
- In case the Company faces financial problems or important events that may significantly affect the financial status or ability to repay the debt, the Company will set up a plan to solve financial problems fairly for creditors to strictly comply with the conditions, terms of the contracts specified by creditors or financial institutions especially guarantee conditions. For capital management, an appropriate structure must be in place to build confidence among creditors regarding the Company's financial position and ability to repay debts including maintaining the quality of assets used as collaterals to be as specified by creditors or financial institutions.
The Company has a policy to treat business competitors with a focus on fair and transparent business conduct by adhering to the corporate governance principles related to competition according to the law, trade customs and good practices that are consistent with international principles within the legal framework regarding trade competition practices. Therefore, guidelines for competitor treatment were stablished as follows:
- Strictly comply with generally accepted trade competition rules.
- Support and promote free, fair, non-monopoly trade and do not force suppliers to do business with the Company or impose a prohibition of business doing with competitors.
- Do not violate confidential information or seek trade secret information of competitors through dishonest or illegal means.
- Do not make an accusation or do anything which destroys the reputation of business competitors.
- Do not participate in a commercial contract or do anything that may cause unfair competition. or trade monopoly.
- Do not commit an act that violates the intellectual property of competitors
The Company is always aware that it is a part of society, and thus has a responsibility towards society. Such responsibility includes the support of activities of the community to improve the quality of life and economic conditions of the community. The Company believes that to sustainably grow and survive in society, in addition to offering quality products and uphold professional integrity, the Company must also be responsible for the improvement of society at large. As such, it has laid down the following guidelines.
- Adhere to business commitments, taking into consideration the benefits and sustainability of the community, society, and the environment.
- Has a business policy which takes into consideration the community, society, and environment. Mandating that the operations relevant to the business of the Company shall not fall below the requirement by law and must comply with laws applicable to the real estate development business. Mandating that the business operation of the Company must be in compliance with environmental requirements and standards.
- Continuously raise awareness and communicate and educate employees on social and environmental responsibility to employees of all levels.
- Explore and become acquainted with the relevant rules and regulations to prevent operating business in a manner which impacts social or community way of life. Be respectful of the customs and traditions of each locality which the Company conducts business.
- Is able to adjust to changes and respond promptly and effectively to situations which impact the environment, the community, life, and property, as a result of Company operations. Cooperate fully with governmental authorities and relevant entities.
- Continuously organize activities which enhance the community and the environment to improve the quality of life of the community whether by itself or in collaboration with public and private sectors, and the community itself.
- Adhere to standard safety measure required by law.
- Support and promote cost effective use of resources. Improve the quality of life by addressing environmental problems. Consider that taking care of the environment is a responsibility shared by all.
- Develop projects which are able to enhance benefits to the community in a tangible manner. Monitor and conduct assessments in the long term.
AssetWise is committed to promoting the Company's operations in the value chain according to the safety, occupational health and work environment standards to reduce the risk of loss and create added value for the Company. The Company has established the Safety, Occupational Health and Work Environment Policy for employees, contractors and external parties involved in the Company's operations to be aware of and strictly adhere to with the purpose to operate according to the policy as well as issuing guidelines for risk management and prevention of such matters.
Safety, Occupational Health and Work Environment Policy
- Support and place importance on the Company's operations that strictly comply with safety laws and other relevant regulations.
- Put work safety as the responsibility of employees, contractors and external parties involved in the Company's operations.
- Establish a management system to improve work processes efficiently, focusing on the development of quality and safe products to deliver to customers.
- Manage risks to prevent losses from accidents at work to life, property and work processes, as well as promoting good hygiene, occupational health and work environment for employees, contractors, stakeholders and external parties involved in the Company's operations.
- Establish a business continuity management system to manage the organization in the event of disasters, natural threats, security threats. hazards from infectious diseases and other dangers and set out guidelines for effective management.
- Prevent and reduce environmental impacts that affect the Company's operations and maintain biodiversity and ecosystems for the Company's projects while focusing on pollution prevention and promotion of the efficient use of resources to achieve the goal of zero greenhouse gas emissions.
- Support activities that promote safety, occupational health and work environment, which help stimulate, promote and develop awareness among employees, contractors and external parties involved in operations with the Company.
- Ensure continuous review, improvement and development of the safety, occupational health and work environment management system.
The Company supports innovation that creates business value as well as value to customers, stakeholders, society, and environment. The following methods are used to encourage innovation within the company:
- Organize activities that allow employees to brainstorm for innovative ideas that add value to the business operation and its products, and apply the innovation to the Company
- Search for innovation or appropriate technology to help manage business operations or can be applied to the Company’s real estate development projects
- Supports employee education on innovation and new technology for their respective functions and the company’s business
- Corporate with business partners and alliances to search for and create innovation to be used in the Company’s business, products, and services
Treatment of stakeholder
Human rights
The Company is committed to conducting business with respect for human rights in accordance with internationally recognized standards and adhering to the Universal Declaration of Human Rights (UDHR) as a guideline for setting human rights policies. To ensure there is no human rights violation to any stakeholder in any part of its value chain. Hence, the Company aims to respect human rights in every part of its value chain, examine human rights impact as part of the operating process, evaluate human rights risk, and set up prevention measures. These initiatives are to ensure that the Company’s operation does not violate human rights and encourage awareness for our suppliers and alliances.
The Company's human rights oversight and human rights operations are carried out by the Corporate Governance Committee, a subcommittee assigned by the Board of Directors, which is integrated as part of the Company's sustainability management process in setting human rights policies and practices, including comprehensive human rights management throughout the Company's value chain. The related duties are allocated to units responsible for human rights operations, such as business groups, human resources, procurement and social enterprise units. In addition, the Risk Management Committee is responsible for overseeing human rights risks, with the Risk Management Department responsible for overseeing different operations to manage and respond to human rights risks.
Human Rights Targets
- No human rights violation
- 100% completion for employee training on human rights policy.
- No human rights violation
- 100% completion for employee training on human rights policy.
Human Rights Management
The Company has integrated human rights into its business operations throughout the value chain, while also promoting the participation of all stakeholders in respects for human rights principles. In 2024, the Company undertook human rights management efforts as follows:
- Announced and reviewed human rights policy and put it into practice throughout the organization.
- Assessed human rights risks and conducted comprehensive human rights due diligence to prevent human rights violations.
- Set human rights performance goals.
- Established a mechanism to receive and respond to complaints, including measures to remedy impacts through stakeholder engagement in the event of human rights violations.
- Communicated and trained employees at all levels in order to raise awareness and promote knowledge and understanding in a continuous manner.
- Promoted and supported the respect for human rights principles for all stakeholders throughout the value chain.
Comprehensive Human Rights Due Diligence
The Company has reviewed its comprehensive human rights due diligence practice in order to identify and assess potential human rights issues arising from the Company’s business operations, covering all stakeholders throughout the value chain, in order to prevent and mitigate them, and to establish guidelines for managing the risk of human rights violations for effective operations throughout the Company per following:
Human rights impact evaluation
- Indicate areas at risk of human rights violation from the Company’s operation
- Identify stakeholders and affected employees as the result of human rights violation
- Evaluate the risk level of human rights violation
- Evaluate the potential impact on human rights violation
Effectiveness monitoring
- Set up measures to prevent or mitigate the effect of human rights violation
- Assign accountability for the measures to prevent or reduce the effect of human rights violation
- Track the progress of the measures to prevent or reduce the effect of human rights violation and continuously revise the measures as appropriate
Remedy
- Set out remedial measures to provide compensation to those affected by violations of or non-compliance with human rights principles.
- Provide remedies for those affected by human rights violations with the high level of risk and severity of the impact first, then follow by those affected in other groups.
Whistleblowing channels
- Set up channels for reporting information and receiving complaints regarding violations of or non-compliance with human rights principles according to the whistleblowing policy.
Stakeholder Engagement
- Engage with affected stakeholders in the value chain to comply with human rights
Human Rights Risk Assessment
The Company assesses and identifies material human rights issues to consider human rights risks, the likelihood and impact of human rights risks related to the Company's business operations throughout the value chain. The Company conducts risk assessments in conjunction with the annual corporate risk assessment, including risk assessments at key operational stages, such as due diligence, joint ventures, and environmental impact assessments (EIAs) in project development. Stakeholders affected by human rights issues will participate in the assessment and identification of potential issues, as well as considering the effectiveness of mitigation measures. All risks will be managed by setting measures and management plans to support and respond to risks as appropriate.
Key Human Rights Issues throughout the Company's Value Chain
| Value Chain | Stakeholders | Key Human Right Issues |
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| Land Acquisition |
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| Design |
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| Funding Management |
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| Marketing and Sales |
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| Construction Management |
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| Quality Control |
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| Delivery |
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| After Sales Services |
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| Organization Management |
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Human Rights Complaint Management and Remedy
The Company has established a whistleblowing / complaint system for both internal and external parties to cover all stakeholders by issuing a Whistleblowing Policy which includes complaints related to human rights. In addition, measures for handling complaints are appropriate, clear, transparent and fair, including protection of complainants or whistleblowers, confidentiality of whistleblowers, and appropriate punishment measures for wrongdoers.
In addition, in case of human rights violation, the Company is committed to providing fair and appropriate compensation to those affected while refraining from discriminating or obstructing their rights to claim and access any of the Company's compensation processes. The Company will determine measures and methods for providing compensation to those affected quickly and fairly, both in the form of financial compensation, such as money, expenses for damage, compensation or assistance, or it may be in kind or as a substitute for the damages that have occurred, and other remedies other than financial compensation such as providing advice, recommendations, and sourcing experts to participate in resolving the impacts.
Human Rights Complaint
In 2024,
the company had no cases of complaints or lawsuits regarding human rights violations.
Human rights Complaint and human rights violations
| 2022 | 2023 | 2024 | |
|---|---|---|---|
| Human rights violations | 0 | 1 | 0 |
Safety, Occupational Health and Work environment
The Company implemented the policy on safety, occupational health and work environment as follows:
- Issued the Safety, Occupational Health and Work environment Policy that covers all employees, contractors, stakeholders and those involved in the Company's operations throughout the value chain and ensure strict compliance with relevant safety laws and standards.
- Stipulated safety as part of the corporate level performance indicators and included it as one of the performance indicators of the CEO.
- Managed risks to prevent losses from accidents that may cause death, property, work processes, including promoting good health, occupational health and work environment of employees, contractors, stakeholders and related parties.
- Organized training and communication about safety, occupational health and work environment to employees, contractors, stakeholders and related parties for continuous understanding and awareness.
- Stipulated safety, occupational health and work environment as part of the Code of Conduct for Suppliers. All contractors must acknowledge, understand and strictly comply with the code. The Company is committed to managing work to prevent accidents from the Company's operations, whether to employees, contractors or persons related to the Company as well as external parties. Therefore, the target for work-related accidents is set as part of the Company's sustainability goals, which are included in the corporate performance indicators to measure the performance of the Company's executives.
| Indicator | Unit | Target |
|---|---|---|
| Accident related to work of employees and related parties | Time | 0 |
Safety, Health and Work Environment Training
| Employee Training | Unit | Performance |
|---|---|---|
| Number of employees who received training on safety, occupational health and work environment | Person | 173 |
Safety, Health and Work Environment Training Course
| Training Course | Number of staff trained (Persons) | Satisfaction rate |
|---|---|---|
| Basic training on firefighting, Class 1 | 47 | 94.90% |
| Basic training on firefighting, Class 1 | 56 | 95.06% |
| Stress Management Training through Mindfulness Activity, Class 1 | 37 | 89.93% |
| Stress Management Training through Mindfulness Activity, Class 2 | 33 | 91.93% |
Employee Healthcare
- Provided health and life insurance for employees, covering medical treatment for employees from illnesses or diseases, including coverage in case of physical and life harm.
- Provided annual health check-ups and flu vaccinations for all employees to check and plan for employee healthcare and reduce the risk of future diseases.
- Launched initiatives to promote physical exercise for employees by organizing Fit Fun Firm Dancing Body Combat by experts to train employees and providing a fitness room for employees in collaboration with Rocket Fitness, a fitness center of the group of companies, to use free of charge.
- Offer dental delivery service in collaboration with Bangkok Smile Dental Clinic to provide a dental mobile vehicle to take care of employees' dental health at the Company's head office.
- Provide a massage service to help employees relax the body and mind from work by arranging experts in relaxing massage to offer services to employees every week.
- Collaborated with Vitala Physical Therapy Clinic, a physical therapy service provider of the group of companies, to provide healthcare services for employees, where employees can try out the services without charges supported by the Company's group insurance for employee treatment.
Workplace and Environmental Management
- Install air purifiers in conference rooms and common rooms to help absorb air pollution and small dust particles or PM 2.5.
- Arrange pest control to get rid of termites, ants, mosquitoes, and other insects in areas throughout the head office on a monthly basis.
- Clean and wash air conditioners in every office room and meeting room at the head office on a monthly basis.
- Communicate public relations to employees to comply with safety and security measures are put in place during holidays to prevent any loss of possession and life
- Metal sheet fencing is installed at the construction site, the fence must be high enough, and labeled for no trespassing. The fence belongs to the construction project and shall stay within the project area. Construction materials are strictly prohibited from being placed outside of the project fence
- For high-rise building construction, chain links are extended from the building under construction to prevent materials from falling to the ground. Chain links must be regularly checked throughout the construction period, should there be any repairment needed, the repair must be done immediately
- For high-rise building construction, tower cranes must be evaluated by professional licensed engineers according to the Labor Department’s regulations.
- For high-rise building construction, every 2-3 floors scaffolding and safety net must be installed to construct exterior walls
- Check condition of any machine before use to prevent accidents
- Use arm driven type cranes and maintain the crane arms within the construction project area, not extended out to the surrounding areas, within the safe zone, and located outside the line of high-voltage electric poles according to the Electricity Generating Authority of Thailand's regulations
- Provide a first aid room with basic first aid tools
- Arrange for safety officers to supervise the project area 24 hours a day
- Supervise the use of electricity and provide necessary fire extinguisher and equipment
- Provide legal liability insurance against the life, body, and property of third parties
- Install 24 hours CCTV security cameras above the project fence to maintain security within the project and nearby areas
- Provide adequate lighting at night around the construction site
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Measures to prevent the effects of fire accidents are as follows:
- Prepare chemical fire extinguisher in case of a fire
- Arrange for inspection of the fire prevention and warning system to ensure good working conditions. If it is found to be damaged or inoperable, immediately take corrective action
- Place how-to-use labels wherever the devices are mounted so that anyone near the accident can use the devices immediately
- Organize training and drills to evacuate people in case of fire
Measures to monitor and inspect safety impacts within the construction project area are as follows:
- Provide whistleblowing channels for receiving complaints and find ways to solve problems immediately
- Compile accident statistics and results to assess the effectiveness of preventive measures on safety and continuously revise measures as appropriate
- Arrange for inspection of fire extinguishers to always be in good working condition. If it is found to be damaged or inoperable, repair or replace immediately
Measures for Safety, Occupational Health and Work environment in the Event of an Epidemic or Emerging Infectious Disease
With regard to the COVID-19 pandemic, the Company has emphasized healthcare and epidemic prevention by setting guidelines for the event of an epidemic or emerging infectious disease to respond in such events to take care of the health, occupational health and safety of employees and workers in the Company's workplace, including the potential impacts on the business operations and society as a whole. Therefore, measures for infection prevention and management related to health must be prepared, such as the use of personal protective equipment, control of the spread of infection and care for a safe work environment. This is considered a guideline for executives to help them deliberate and decide on measures to respond to the outbreak of an emerging infectious disease in compliance with the announcement of laws, guidelines and standards from the Department of Disease Control, Ministry of Public Health and relevant government agencies. The objectives are to mitigate potential impacts from such event and allow the Company to continue its business and resume to normal conditions in the event of an epidemic in an effective manner.
Safety, Occupational Health and Work Environment Risk Assessment
The Company monitors the status of safety operations, compliance with safety, occupational health and work environment policies and practices and continuously emphasizes safety management improvement by analyzing, identifying and assessing various potential risks that may cause losses to the Company, leveraging its risk management process. Risk assessments and reviews are conducted annually to serve as a framework for monitoring safety operations to be consistent throughout the organization and cover all areas of the Company's operations.
Apart from the risk assessment in every process along the Company's value chain, the Company has also assessed safety risks and set safety standards for all projects that must comply with the Environmental Impact Assessment (EIA) report for projects under construction that may have high risks in terms of safety, occupational health and work environment. In collaboration with contractors in each project, a safety officer (OSA) is assigned to the construction site to supervise and ensure strict compliance with safety measures, prepare construction project safety reports, conduct safety inspections, provide knowledge, advice and help resolve work conditions that may cause danger, to ensure safety in various aspects during construction. This includes maintaining cleanliness and hygiene within the construction projects and the communities surrounding the construction projects appropriately.
Additionally, the Company has fostered a safety culture throughout the organization focusing on the participation of employees and contractors to control, prevent and reduce risks that may directly affect the Company's employees and contractors. The Company raises awareness and promotes safety behavior through policy formulation, manuals, practices, training and activities continuously, including monitoring and following up on work-related accidents to regularly review work safety measures.
Safety-related statistics
| Safety information | Unit | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Number of accidents | Time | 4 | 2 | 0 |
| Number of fatalities | ||||
| Employees | Person | 2 | 0 | 0 |
| Work-related contractor | Person | 0 | 0 | 0 |
| Third party | Person | 0 | 0 | 0 |
| Number of injuries | ||||
| Employees | Person | 0 | 2 | 0 |
| Work-related contractor | Person | 5 | 0 | 0 |
| Third party | Person | 0 | 0 | 0 |
| Lost-time incident rate (workdays lost due to work-related injuries) | ||||
| Employees | Day | 0 | 0 | 0 |
| Contractor | Day | 0 | 0 | 0 |
| Third party | Day | 0 | 0 | 0 |
| Persons on leave from work-related injury | ||||
| Employees | Person | 0 | 0 | 0 |
| Work-related contractor | Person | 1 | 0 | 0 |
| Third party | Person | 0 | 0 | 0 |
Treatment of Employees
In 2024, the Company had no incidents of non-compliance with labor standards, labor laws and other relevant laws while there was neither labor cases nor lawsuits.
Employment
Proportion of employee
Amount (persons)
Percent
| Proportion of employee | Amount (persons) | Percent |
|---|---|---|
| Total employees | 613 | 100 |
| By gender | ||
| Male | 242 | 39.48 |
| Female | 371 | 60.52 |
| By level | ||
| High level management | 6 | 0.98 |
| Mid-level management | 56 | 9.14 |
| Manager and up | 293 | 47.80 |
| Operational | 206 | 33.60 |
| Contractors or temporary staff | 52 | 8.48 |
| By age | ||
| 46 years and above | 92 | 15 |
| 31- 45 years | 420 | 68.52 |
| Lower than 30 years | 101 | 16.48 |
Employment of the Disabled
The Company promotes the employment of the disabled by hiring the disabled to work with the Company to provide opportunities for the disabled to demonstrate their abilities and generate income for themselves and their families, in accordance with the Promotion and Development of the Quality of Life of Persons with Disabilities Act B.E. 2550 and its amendments. In 2024, the Company hired 6 disabled persons, or 0.98 percent, in accordance with the law.
Voluntary resignation rate of employees (Turnover rate)
| Proportion of employee | Amount (persons) | Percent |
|---|---|---|
| Number of employees resigned (Turnover rate) | 79 | 13 |
| By level | ||
| High level management | - | - |
| Mid-level management | 8 | 10.13 |
| Manager and up | 30 | 37.97 |
| Operational | 31 | 39.24 |
| Contract-based | 10 | 12.66 |
| By work period | ||
| 5 years and above | 6 | 7.59 |
| 3 - 5 years | 8 | 10.13 |
| 1 - 3 years | 65 | 82.28 |
Setting the Working Hours
The Company clearly set the days and hours of work for employees.
Head office:
Working Day Monday to Saturday, alternating with Monday to Friday (with Saturdays off every other week)
- Working hours 08:00 AM - 05:00 PM,
- with a break from 12:00 PM - 01:00 PM
Project Office
Working Day Monday to Saturday
- Working hours 09:00 AM - 06:00 PM,
- with a break from 12:00 PM - 01:00 PM
Regarding overtime work, this must also comply with the Labor Protection Act. Employees can only work overtime if they have agreed on overtime work with their supervisors, or in urgent cases where overtime work is required. The Company must always receive prior consent from the employees in order to reduce excessive working hours of employees, which may affect the balance of personal life and may adversely affect the employees' health. The Company pays overtime compensation to employees in a manner that is fair to employees and in accordance with the law.
Employee development
| Taget | Unit | Result |
|---|---|---|
| Human resources development | hours/employee/year | 5 |
Employee development Information
| Employee development | Units | Result |
|---|---|---|
| Employees development | Persons | 500 |
| Total time on employee development | Hours | 2,798 |
| Average development hours per employee | hour/person/year | 5.60 |
| Average development day per employee | hour/day/year | 0.7 |
| Training and development costs | Baths | 8,002,125.61 |
Compensation and welfare benefits
Employee Compensation
In 2024, the Company’s total employee compensation amounted to THB 636,250,000.43
Details are provided below:
| Type of Compensation | Amount (THB) |
|---|---|
| Salary | 455,976,071.62 |
| Bonus | 63,646,133.19 |
| Commissions and incentives | 69,194,460.23 |
| Provident fund | 13,846,196.99 |
| Benefits and others | 31,628,781.63 |
| Shifts and overtime | 1,323,356.77 |
| Retirement benefit | 635,000.00 |
| Ratio of compensation of male and female employees | |
| Compensation of female employees | 359,753,502.82 |
| Compensation of male employees | 274,846,497.61 |
| Ratio between female and male employees’ compensation | 1.31 : 1 |
Welfare and Benefits
The Company provides monetary assistance to employees in various cases, namely,
- For marriage,
- To show condolences I case a family member of the employee passes away
Welfare Committee in the Workplace
The Company respects and supports the right to freedom of association. In order to comply with the Labor Protection Act B.E. 2541 (1998), the Company has established a Welfare Committee in the Workplace, where employees participate in the election of the committee to voluntarily form a representative group of employees to negotiate or express opinions on benefit policies and care for employees' well-being, as well as proposing guidelines for preventing and solving labor problems that may occur to employees within the Company.
The Welfare Committee in the Workplace has the following scope of authority:
- Participate in discussions with the employer to provide welfare and benefits for employees.
- Provide consultation and suggestions to the employer in providing welfare and benefits for employees.
- Audit, control, and manage welfare and benefits that employer provides to employees.
- Give opinions and guidelines for providing welfare and benefits for employees to the Labor Welfare Committee.
Provident Funds
Participation in provident funds
| Name of Company | No. of employees participating (Persons) | Percent (%) |
|---|---|---|
| Assetwise PLC. | 299 | 52.73% |
| Treasure M Company Limited | 8 | 36.36% |
| Asset A Plus Company Limited | 5 | 29.41% |
| Digi Tonize Company Limited | 1 | 50.00% |
| WHB Company Limited | 3 | 60.00% |
| Rhom Pho Property PLC. | 82 | 59.85% |
| Other Company | 24 | 53.33% |
Employee Joint Investment Program (EJIP)
The Company aims to encourage employees to have a part in the ownership of the Company and be loyal to the organization, as well as promoting savings and investments in various forms for employees. The Board of Directors' Meeting No. 4/2024 on November 7, 2024 resolved to approve the first joint investment program between the Company's employers and employees (Employee Joint Investment Program "EJIP" No.1) for a period of 3 years, from January 1, 2025 to December 31, 2027, for permanent employees of the Company and its subsidiaries (except Rhom Bho Property Public Company Limited, its subsidiaries and associated companies)
Participation in employee joint investment program (EJIP)
| Name of Company | No. of employees participating (Persons) | Percent (%) |
|---|---|---|
| Assetwise PLC. | 124 | 28% |
| Treasure M Company Limited | 5 | 36% |
| Asset A Plus Company Limited | - | 0% |
| Other Company | 50 | 48% |
Employee Engagement
| Indicator | Unit | Target |
|---|---|---|
| Employee engagement | Percentage | 70 |
Employee Engagement Survey Results
| Employee engagement survey | Unit | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Number of employees participated in the survey | Percentage | N/A | 95 | 93 |
| Employee engagement | Percentage | 78.30 | 60 | 79 |
Treatment of Customers
Development of Safe and Hygienic Products
Healthy Living
Creating projects that are living friendly, starting from project design, from the arrangement of common areas, wind and light directions, ventilation, materials used, to the selection of practical technologies, as well as providing personnel training to be able to offer assistance to residents in emergency situations safely.
Healthy Privilege
Offering special privileges for AssetWise Club members from a variety of services that meet all lifestyles to ensure that good health is attained.
Health Activity
Organizing health activities that cover all aspects of good health, including physical exercise, healthy cooking workshops, CPR training, etc.
Virtual Health
Supporting the use of simpler online health services instead of in-person doctor visits and hospital services.
“Health Station that Truly Cares for Residents”
The Company has raised the bar of the level of healthcare for residents in the project by creating a “Health Station” or health check-up area within the common areas of its condominium projects. The Company prepared complete equipment for basic health check-ups so that residents can access and receive healthcare advice from leading hospitals according to their needs conveniently and quickly without having to travel to hospitals.
Confidentiality of Customers
The Company is fully aware of the protection of customers' personal data that the Company holds. It is required that the use of customers' personal data must comply with the Personal Data Protection Policy, which is in accordance with the Personal Data Protection Act. The Company has appointed a Personal Data Protection Officer to oversee compliance with the policy, law, and guidelines for protecting customers' personal data. The Company also established a Personal Data Protection Working Group to set guidelines for the protection of customers' personal data, inspect operations, discuss solutions and prevention, and provide recommendations for proper and appropriate operations.
In addition, the Company has communicated the Personal Data Policy to all employees via the Company's intranet system and email. In particular, the Company emphasizes that employees who are responsible for monitoring and maintaining customers' personal data must adhere to the strict compliance with the policy and requires them to sign to acknowledge the policy. All employees of the Company already signed to acknowledge the Personal Data Protection Policy with 100 percent rate.
In 2024, the Company had no complaints regarding customers' personal data.
Business Innovation
The Company provided employees with knowledge in innovation and work process development through training courses as well as encouraging employees to adopt artificial intelligence (IA) technologies as a tool to help develop their respective work.
AI for Architecture and Interior Design Course
A course for employees in positions related to project design to apply AI for architectural work, including building design, interior design and decoration, and landscape design for the projects. There were 15 project design and development staff who participated in the training while the satisfaction assessment result for the course was 92.68%.
AI for Real Estate Course
A course for everyone to enhance their knowledge in using IA to further develop and improve work within the organization, leading to increased work efficiency and speed. 36 employees participated in the training and the satisfaction assessment result for the course was 85.78%.
The Company promotes self-learning through the Company's intranet system under "Wise.Ai" which is a channel for providing knowledge about AI, including introducing AI tools that are useful for work, in order that employees can study and apply them to benefit their respective work with the Company.
“KAVALON 3 Smart IoT
”Kavalon project is a campus condominium project located near the university. The Company intends to create a new form of innovative residence to provide customers with a good experience under the concept of “The Journey Is Yours, Endless Imagination”. AssetWise has designed Futuristic Living, a condominium that is more than just a residence, for creative living which reflects every identity without limits for the new generation of students and working people. The arrangement of common areas and complete facilities are combined with cutting-edge innovations.
AssetWise is committed to developing the innovation “Kavalon 3 Smart IoT” for the Kavalon project, which is in line with the concept of “The Journey Is Yours, Endless Imagination”, to allow residents to experience the convenience of modern living that is more than just a typical residence.
“Kavalon 3 Smart IoT” is an innovation that the Company aims to create to take care of and facilitate customers and residents in the common areas of the project. This helps meet the needs of the new generations with an emphasis on convenience with modern and easy-to-use convenience technology.
ASSETWISE CLUB “Privileges Program”
AssetWise is committed to creating a good experience for living in the Company’s projects and after-sales services to achieve the highest satisfaction for customers. Therefore, the Company has developed the AssetWise Club “Privileges Program” by incorporating a Customer Relationship Management (CRM) system into the Line OA to facilitate customers in providing special privileges for AssetWise Club residents. They can conveniently access privileges from many shops and services in collaboration with the Company by simply signing up to become a member and showing the received codes to obtain special privileges provided by the Company.
In 2024, 2,026 residents have registered as members of the AssetWise Club “Privileges Program”, with 44 participating shops and services, clearly reflecting the benefits and convenience that customers can receive from such services while the Company will continue to focus on the development of AssetWise Club “Privileges Program” to ensure the best customer care.
“Bank Matching”
The Company develops “Bank Matching” to assure buyers, whether houses or condominiums, of how much they are be able to apply for a bank loan and how much money will be needed to buy the desired houses and condominiums.
“Bank Matching” tool assists in sales, transfers ownership, reduce stress from applying for bank loans, and shorten the bank loan processing time which results in a smoother and faster sales revenue
To use “Bank Matching”, buyers can simply register at www .aswinno.assetwise.co.th, The program will analyze the buyer’s registration data to display available banks loans, the amount of loan, chance of receiving loan, monthly installment amount, and average interest rate.
Customer Satisfaction Survey
The Company includes customer satisfaction as part of the Company's sustainability goals, which are set as organizational indicators that measure executive performance and are also cascaded to employees at the individual level.
| Indicator | Unit | Target |
|---|---|---|
| Satisfaction with Products | Percentage | 85 |
| Satisfaction with Services | Percentage | 85 |
| Net Promoter Score (NPS) | Percentage | 17 |
Customer Satisfaction Survey Results
| Customer Satisfaction Survey | Unit | Results |
|---|---|---|
| Satisfaction with Products | Percentage | 88.85 |
| Satisfaction with Services | Percentage | 92.75 |
| Net Promoter Score (NPS) | Percentage | 24.31 |
Treatment of Suppliers and contractor
The Company has established a Code of Conduct for Suppliers and communicated it to suppliers to be aware of and strictly adhere to while this was also communicated to customers, along with the Anti-Corruption Policy and guidelines. In 2024, all suppliers of the Company were informed of the Code of Conduct for Suppliers, the Anti-Corruption Policy and guidelines, to comply with as a framework for operations in the same direction as the Company.
Capability Development for Suppliers and Contractors
- Joint meetings between project contractors and consulting companies to discuss project construction operations and cooperate in developing quality construction work that complies with relevant standards.
- Participate in inspecting constructions according to construction standards of the Company to jointly plan work, create mutual understanding and find ways to develop construction work properly together including summarizing problems that occurred during construction and finding solutions.
- Provide training to educate contractors on construction processes and standards in terms of structural work, building service system, electrical system work, sanitary system, etc., in order to develop professional skills for contractors so that they are able to work according to the requirements and standards of the Company.
Note that from the cooperation to develop the capability of contractors to focus on quality development of construction projects in 2024, complaints about the projects in the residential areas and surrounding areas decreased from 2023 of 488 cases down to 382 cases, demonstrating the potential for good work and higher quality standards between the Company and contractors. This also includes plans to enhance the capability of suppliers and contractors to achieve greater efficiency.
| customers complaints | Unit | 2023 | 2024 | |
|---|---|---|---|---|
| Number of customers complaints the projects in the residential areas and surrounding areas | Cases | 488 | 382 | |
Developing the Quality of Life of Workers in Construction Projects
Quality of life care in construction projects: Building Social Impact (BSC)
A project that focuses on improving the quality of life of workers and making them happy at work, such as public utilities, cleanliness, and safety, as well as taking care of workers' dependents (if any) in terms of rights such as children's right; for example, creating an understanding of basic rights, pushing children into the education system, or creating a safe space for children while their parents go to work in the projects. AssetWise has collaborated with the Baan Dek Foundation (under collaboration with UNICEF) to provide advice and knowledge to construction contractors who are AssetWise's partners in operating to achieve the goal of sustainable labor, reducing labor shortages in the long term, and having a positive impact on skills and expertise related to work.
Continued operations since 2023 to the present, with 2 companies participating out of the 4 target companies, in which the Baan Dek Foundation has provided advice and trained those involved in the work sites to understand the tools used in implementing the projects to meet the standards continuously. The Company has also joined the network for sustainable development in the real estate sector to exchange ideas and jointly develop sustainable quality of life.
Cold water dispenser welfare initiative for construction projects
The Company recognizes the importance of water, which is an important factor for basic human consumption. Therefore, the Company joined forces with main contractors to provide cold water dispensers in construction projects so that workers can drink clean and cold water that meet quality standards. The goal is for every project to have a drinking water dispenser to help reduce the burden of expenses for workers and operators and reduce the use of plastic bottles. The Company has encouraged contractors to be responsible in the arrangement and provided support along with contractors for 2 additional projects in 2024: Modiz Vault Kaset-Sripratum and Modiz Avangarde.
Procurement of Products and Services
The Company provides opportunities for those who are interested in becoming a business partner of the Company to register as a new business partner of the Company on the channel procurement.assetwise.co.th
Selection of suppliers, contractors, workers, service providers and vendors
The Company has set clear criteria for selection where all suppliers, contractors, workers, service providers, and vendors must have qualifications according to the criteria specified in the procurement practices and has organized a strict review process by the Procurement Committee. The criteria for consideration include service quality, service capability, overall reliability, payment terms, performance guarantees, financial potential and stability, past experience or performance and ability to deliver work.
In addition, the Company has taken sustainable business operations into consideration as part of the selection of suppliers, contractors, workers, service providers, and vendors, who must have no history of human rights violations, unfair labor reporting, employment of child labor or illegal labor, failure to comply with occupational safety standards, corruption, and social and environmental disputes.
The Company also emphasizes the procurement of environmentally friendly products (Green Procurement) to aim at becoming an organization that reduces greenhouse gas emission and therefore set the criteria for selecting only vendors who have passed environmental quality standard certifications including ISO 14001, Green Label, Green Industry, or other relevant standards.
Green Procurement Target
| Target | Unit | Target |
|---|---|---|
| Percentage increase in Green Procurement from the previous year | percent | 5 |
In 2024, the Company has considered selecting 18 suppliers for Green Procurement to purchase 25 items of Green Procurement products and services.
| Procurement | 2023 | 2024 |
|---|---|---|
| List of environmentally friendly products are services (Green Procurement) | 23 | 25 |
In 2024, the Company's Green Procurement list increased from 2023 by 8.70 percent, exceeding the target of 5 percent.
Performance Evaluation of Suppliers, Contractors, Workers, Service Providers and Vendors
The Company evaluates the performance of suppliers, contractors, workers, service providers and vendors by setting scoring criteria, which must be at least 60 points to be considered passed. In case that suppliers, contractors, workers, service providers and vendors do not pass the evaluation criteria, the Company will remove them from the Company's approved vendor list. The Company will send the evaluation results to be acknowledged and used as a guideline for further development of quality and work efficiency.
Regarding performance evaluation criteria of suppliers, contractors, workers, service providers and vendors, the Company will consider past performance in terms of product and service quality and the delivery that must meet the specified standards as specified in the contract. In addition, the Company has considered ESG performance evaluation by organizing an On-Site ESG Audit evaluation, setting criteria for consideration that covers responsible business operations and ensuring strict compliance with the Code of Conduct for Suppliers and anti-corruption practices, including compliance with human rights principles and legal and fair employment, compliance with safety, occupational health and work environment standards. This includes undertaking environmental operations that are in accordance with specified legal standards, providing measures to care for and reduce potential impacts, managing and alleviating global warming from greenhouse gas emissions, managing the impact of operations on communities and society, and participating in sustainable community and social development.
Credit terms for business partners policy
The Company’s credit terms are specified according to auditing standards, with emphasis on transparent credit terms management in its transactions with business partners.
Credit Terms
Suppliers: Major Contractors or Subcontractors
Credit Terms 15-30 days
Suppliers: Vendors
Credit Terms 15-60 days
Credit terms with each supplier will be determined by the Company according to the type of work, process, partnership history, and other factors while maintaining standards and fairness for every business partner
In the year 2024, the average Credit terms period was 25 days.
Treatment of The Community and Society
| Target | Unit | Performance Results 2024 |
|---|---|---|
| Violation of laws and regulations related to the community and society. | Case | 0 |
| Fines incurred from mitigating damages to communities and society | Bath | 0 |
Taking care of communities surrounding the Company’s projects
From the Company's operations in 2024, all projects of the Company were carried out in accordance with the requirements of relevant laws and regulations in order to prevent potential impacts from the Company's operations.
Development of the Quality of Life of Communities around the Projects
Employment of People in the Community
Employment of volunteers in the community project
Since the Company joined the community to provide knowledge and develop skills for people in the Phahon Yothin 45 community, which is a community next to the Modiz Vault Kaset Sripratum project, on waste separation at events under the concept of Separate, Pour, Dry to aim for zero waste event, starting from 2023 to the present. This created new jobs and generated income for the community, resulting in a better quality of life from the beginning to the present. There were 20 skilled and income-earning community members, with a total income of 28,200 baht in 2024.
Local employment project
When a construction project is launched, employment of local people or communities surrounding the project will be considered first, in order to provide local people with jobs and income, which is listed as one of the company's organizational indicators according to the Company's policy of taking care of the community and its people. Employment includes jobs such as housekeepers and security guards at the sales gallery and construction sites to facilitate customers and the project construction areas, until the projects are completed and residents moved in. For example, at Atmoz Season Ladkrabang, the Company employed 2 local people, generating 342,000 baht in income for them.
Quality of Life of People in the Community
AssetWise emphasizes good quality of life, safety and sustainability in every part of its supply chain. Therefore, the communities around the projects are one of the target groups that the Company always pays attention to. The Company works together with contractors (partners) of each project with the following examples of community development around the projects:
Atmoz Season Ladkrabang
The Company carried out an initiative to take care of the quality of life around the project, surveyed various risks in the community, supported flood and fire prevention equipment for their safety in the community (Soi Chalong Krung 43 community). There were 49 households in the community who benefited from this initiative.
Modiz Avantgarde
The Company implemented a sustainable community initiative in collaboration with Pathum Thani Model, supporting coin-operated washing machines and coin-operated dryers for Pathum Thani Model as start-up capital for use in the community. This can generate income for sustainable development within the community where 182 households benefited from this initiative.
Community Economy
Support for Shops Around the Head Office and Around the Projects
The Company has developed a program via Line Official called PunnSook to record good deeds and participate in activities by using points and certificates (appreciation certificates, congratulations certificates) as rewards while giving satisfaction to participants in social activities. Donation was among activities organized for the initiative and participants can record various donations or record hours of doing good deeds by themselves.
“One Drop of Blood Extending the Lives of Fellow Human Beings.”
The Company partnered with Bhumibol Adulyadej Hospital to offer blood donation points through “A Drop of Blood for a Friend’s Life” campaign and invites its employees, suppliers, residents in the area near the headquarters, and the public to donate blood. In 2024, the Company hosted 4 events that attracted 521 participants and collected a total amount of 234,450 cc of donated blood and the blood donation was recorded through Line OA: PUN Blood.
In addition to setting up a blood donation point at the head office, the Company extended the scope by further accepting blood donation at Mingle Mall. The Company also supports the use of Line OA: @PunnbyAssetWise which is a tool for recording blood donation activities of students of Samutprakan Technical College. Blood donators will receive coins to exchange for coupons to buy meals or school supplies at the cooperative shops at their college.
Donation of Computers for Educational Institutions
The Company delivered computers, notebooks, and other unused equipment to Samut Prakan Technical College to support and promote educational readiness for youth.
Participation with Partners in Community and Social Care
Promotion of Employee Participation with Partners in Community and Social Care
| Target | Unit | Target |
|---|---|---|
| Community and social projects conducted in partnership with partners | Projects | 12 |
In 2024, the Company collaborated with partners to implement 18 community and social care projects.
| Projects | Number of Project |
|---|---|
| AssetWise Beauty Run 2024 | 1 |
| PUNKAN Auction | 2 |
| Blood donation to Phumipol Hospital | 4 |
| Taking care of communities surrounding the Company’s projects with Contractors | 11 |
| Total | 18 |
Pankan Shop X AssetWise Project
The Group places highest value on the society and the environment and that is the reason we joined forces with Pankan Shop by the Yuvabadhana Foundation to accept donations of items in good condition to be sold to fund scholarships for youth across the country. Besides the scholarships, this project also helps reduce waste from clothing as these sharing activities were organized at the head office every 6 months and opened “Pankan Shop” at Mingle Mall shopping center in October 2022 until today. During 2024, total sales topped 1,339,771 baht which can be converted into 191 scholarships.
This is an activity to promote sharing both inside and outside the organization by encouraging employees and partners to bring used items in good condition for an auction. All proceeds from the auction will be donated to Pankan shops under the Yuvabadhana Foundation to be converted into scholarships for underprivileged children. Those who brought items to donate and were auctioned received a tax deduction certificate from the Yuvabadhana Foundation.
In 2024, the Company set up employee donation points at the Company's head office twice, with employees fully cooperating with the activities.
Donations for Community and Society
In 2024, the Company made donations to registered charities and non-profit organizations to support the community and society as follows.
Number of donations
Total Amount of donations
