Sustainable Organizational Development Policy

Sustainable Organizational Development Policy

Fortune Parts Industry Public Company Limited, manufacturer and designer of complete range of automotive parts, strives to drive sustainable business growth leading to the creation of shared value in the economy, social and environment in the business chain in accordance with the Global sustainable development objective. These are parts of business operation that all levels of managements must promote, support, and consider to be a direct joint responsibility. Therefore, the Company would like to announce sustainable organizational development policy to be a guidance for joint action as follows:

Good Corporate Governance

Conduct business with transparency and morality under good corporate governance framework, managing current and emerging risks in the future, comply with relevant requirements including business ethics, social and environment responsibility and accountable for the interests of all stakeholders.

Responsible Business Operations

Utilize resources with cost-effective and appropriate with the business size, including plastic pellets, energy, water, and chemicals to meet with the objectives and goals by implementing waste reduction; reuse, use raw material/replacement and re-utilize waste/waste materials throughout the continuous product life cycle.

Establishing a Sustainable Return on Investment

Building innovative business and social innovations in adding value based on eco operational excellence for increasing returns on investment as well as creating the balance of economy, social and environment.

Promoting human rights following with international principles

Apply the principle of fairness to treat all employees with equality. Provide all employees with equal rights in work, do not discriminate in birthplace, race, religion, gender, age, skin colour, education, family background and using child labour.

Management of sustainable environment and energy

Implement the management of the impact of climate change, energy, water biodiversity and waste management by using technology and innovation to prevent, control and minimize negative impact on the environment and energy from normal business operations throughout the product life cycle.

 Creating participation in social development

Create valuable jobs and economic growth through safe and environmentally friendly production to have cost-effective throughout the life of the product as well as development capabilities of employees, suppliers, and business partners, and disclose sustainable operational information in accordance with international standards.

Development of environmentally friendly products

Design products and develop environmentally friendly production processes to reduce the amount of waste generated by the production process using reusable and recyclable materials, leading to the creation of a low-carbon society through sustainable consumption and production.

Organizations with eco-excellence operations

Systematic operational development in increasing the competitiveness internationally by focusing on business resource development, product and service development, information system development, human resource development, safety and occupational health development, energy development and sustainable environment.

Employees of all levels of the Company, including contractors and partners must strictly adhere to the Company’s sustainable development policy in implementing this sustainable development policy and disclose to public at large.

Announced on 9th December 2019

(Mr. Sompol Tanadumrongsak)

Managing Director

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