SX2023 talks about the rate increase brought on by the Ukrainian war.
8 October 2023 at 04: 50 PUBLISHED
Panelists at the Sustainability Expo 2023( SX2023 ) on Saturday claimed that sustainability is essential for the success of supply chains.
Self-Applying for Sustainable Business Survival was the focus of the As & nbsp expo, which is currently taking place at the Queen Sirikit National Convention Center and the Thailand Supply Chain Network( TSCN ) Business Partners Conference, also known as the CEO Panel.
President and CEO of Thai Beverage Plc( ThaiBev ), Thapana Sirivadhanabhakdi, Roongrote Rangsiyopash, and chief executive officer of the conglomerate Charoen Pokphand ( CP ) group, Suphachai Chearavanont, were among the keynote speakers.
Despite post-pandemic easing, Mr. Roongrote claimed that the Ukrainian war has caused energy costs to rise, which has resulted in high food prices and higher inflation. Due to these high energy costs, numerous nations became engaged in renewable energy, particularly solar cells, which reduced the use of crude oil and gas as a source of energy.
According to Mr. Suphachai, many companies invest in ecology. As part of their operating expenses, they pay coal credits. He stated that CP Group aims to control annual carbon pollution of seven million kilograms. CP Group must maintain 70 million kilograms of carbon emissions per annum, which is quite a challenge when all suppliers are combined.
He claimed that graphite emission reductions may be possible sooner if the government has a policy to help clean energy, particularly among small and medium-sized businesses.
He claimed that only 12 % of Thailand’s Sustainable Development Goals ( SDGs ) over the past four years have been accomplished since the nation committed to reducing carbon emissions. The government may need to spend 2 billion baht to buy carbon credits in 2030 if there are no policies to encourage all functions to reduce carbon emissions by at least 4 % annually.
Every company is now clearly aware of conservation, according to Mr. Thapana of ThaiBev, especially among young people who are concerned about their future.
He continued,” Great businesses play a crucial role in leading the sustainable development, and many companies serve as puzzle pieces that strengthen the conservation idea in our society before expanding it to the regional and global levels.”
It doesn’t matter how big or small a business is, according to Mr. Thapana. It must adapt to a” mega – trend ,” which is to use sustainable business principles.
The entire supply chain may be impacted when one business begins to care about the environment, and the same principle must be applied. Collectively, they can use sustainability to develop new advances, he claimed.
According to him, doing business with sustainability does have an effect on local partners as well as local ones.
According to Mr. Thapana,” I think that in the near future, a lot of companies that you meet all needs while protecting the environment may change the game.”
In support of Mr. Thapana’s proposal, Mr Roongrote advised business owners to emulate others who have been successful in green expense, as some nations have now developed policies for sustainable development to address environmental concerns.