Anti-Corruption
Maintain zero confirmed cases of direct or indirect corruption annually.
100% of directors, executives, and employees acknowledge and sign their commitment to comply with the Anti-Corruption Policy and Business Code of Conduct.
100% of directors, executives, and employees receive annual communication or training on anti-corruption.
Conduct corruption risk assessments covering 100% of key business units and operational processes, with ongoing monitoring of the implementation of risk control plans.
Declare the intention to join the Thai Private Sector Collective Action Against Corruption (Thai CAC) by 2030 and apply for certification within 18 months from the date of the declaration, with the target of obtaining certification by 2032.
100% of key business partners and contractors undergo anti-corruption risk assessments and due diligence by 2029, with appropriate management measures and monitoring established for high-risk business partners.
No material incidents or disputes related to corruption were identified.
No complaints or whistleblowing reports were substantiated as corruption-related.
No employees were subject to disciplinary action for non-compliance with the Anti-Corruption Policy.
The Anti-Corruption Policy was reviewed and continuously communicated to employees.
The Company proceeded according to its roadmap to become a member of the Thai CAC within the defined timeline.
Directors, executives, and employees of the Company and its subsidiaries achieved 100% acknowledgment and compliance with the Corporate Governance and Business Ethics Handbook (CG Handbook).
Challenges and Opportunities
Challenges
The Company must maintain transparent business operations free from all forms of corruption, within a complex and continuously evolving risk environment. This is particularly critical in processes related to procurement, contractor selection, donations, sponsorship activities, and interactions with government agencies.
In addition, fostering an organizational culture that emphasizes integrity, legal compliance, and the willingness to report inappropriate conduct is a key ongoing challenge that must be consistently addressed at all levels of the organization and throughout the business value chain.
Opportunities
Operating in accordance with anti-corruption principles helps strengthen confidence among shareholders, investors, customers, suppliers, employees, and all stakeholder groups, while also reducing legal risks, reputational risks, and long-term business impacts.
In addition, preparing for Thai CAC certification represents an important opportunity to enhance corporate governance standards, internal control systems, and risk management practices in alignment with nationally recognized best practices, thereby supporting the Company’s sustainable growth in the long term.
Management Approach and Value Creation
- Establish a written Anti-Corruption Policy and enforce it across the entire organization.
- Prohibit all forms of bribery and improper benefits, whether direct or indirect.
- Define clear guidelines on the giving and receiving of gifts, hospitality, and interactions with government agencies.
- Integrate corruption risk management into the organization’s internal control system.
- Promote an organizational culture grounded in integrity, transparency, and accountability.
- Continuously communicate, train, and raise awareness on anti-corruption practices for employees at all levels.
- Develop independent, transparent, and fair whistleblowing and complaint mechanisms.
- Protect whistleblowers and informants from retaliation or unfair treatment.
- Regularly monitor, review, and improve anti-corruption measures.
- Prepare the organization for certification under the Thai Private Sector Collective Action Against Corruption (Thai CAC) initiative.
Stakeholders Directly Impacted
