Fair Operating Practices

Our vision is to become a fully integrated real estate development company and develop the organization for sustainable growth under good corporate governance by delivering good products and services and being customer centered and our mission is to be attentive to the needs of every customer in all aspects by designing and developing projects creatively to deliver products and services that satisfy our customers including an emphasis on developing personnel and growing our organization sustainably in cooperation with our trade partners, customers, shareholders, business allies, employees and society.This resulted in a policy that focuses on sustainable development in all the following areas:

Environmental Protection

Global warming and the current problem of the limited resources affected the business operations in various aspects, especially in the Company’s construction projects that directly use the limited natural resources and the construction process is related to the climate and pollution as well. Therefore, the Company gave importance to various environmental issues by establishing policies that focus on sustainable business development and environmentally friendly designs. There is a risk analysis and environmental impacts of all business processes which includes the efficient use of resources and energy saving in accordance with international principles. This begins from plans for the start of project developments, to design and the construction process until the construction has been completed and this included the Company’s offices as well.

1. Environmental Care in Construction

The Company operated in compliance with the policies of the Ministry of Natural Resources and Environment. The Company has a policy to hire architectural design companies, landscape architects, structural Engineers and building systems engineers that have the ability to design in order for projects to meet environmental standards of the Environmental Impact Evaluation Bureau (EIA). The Company established measures, policies and plans, which are divided into 2 main parts. These are:

1.1 SAFETY PLAN: The Company is aware of the safety of its operation at every stage of its development. As a result, a safety-ori ented plan has been emphasized for project developments at every stage, from the pre-construction phase until after construction has been completed. It appears in the Environmental Impact Assessment Report of the project which is included in the contract between the Company and the contractor. In terms of safety measures for areas related to the construction area and neighboring areas, construction workers and third parties authorized to enter the area will need tools and protec tive equipment to work. It also requires that all projects have preventive plans for emergencies or accidents to prepare all parties involved.

1.2 Environmental Management: In order to avoid impact on the environment within the project area and the surrounding area, for example:

  • Water measures
  • Dust measures
  • Tree measures: For project areas with large trees, the company will design the project to make the trees be part of the project and make sure an arborist inspects and advises on manicuring and caring for the tree instead of cutting or getting rid of the tree. The results of the inspection will be used at the weekly site meetings in order to find a way to control, fix, or prevent according to the environmental principles under the regulations of the EIA or even more than is required. This is shown in Part 2 of the SAFETY INSITE plan and Part 3 of the EIA Action Plan on the project perimeter.

2. Environmental Care in the Company's Real Estate Projects

  • The Company is aware of the maintenance of green spaces in condominium projects from the first step of planning and designing the projects. The Company organized the Chamchuri conservation project at Park Thonglor as a prototype project. This project is operated under the guidance of experts in caring for big trees from surveying roots, cutting roots, branches, soil and large roots, stimulating roots, trimming and applying humidity reducing solution, installing an automatic watering system, and putting up a conservation fence. the Chamchuri conservation project at Park Thonglor is an ongoing project that look after the trees continuously. This project started in April 2019. The tree condition is reported monthly until the construction of the Park Thonglor Project is completed. In addition, the Company surveyed other large trees within the Park Thonglor Project in order to conserve 15 more trees. The results of the project will be adapted to other projects.

  • Select energy-efficient equipment in construction for long-term energy saving. This includes inverter air-conditioners, LED light bulbs, and energy saving water heaters in order to save energy and costs for residents. Choosing water-saving sanitary wares in the bathroom, using faucets and showers that use less water.
  • The Company designed buildings to have air flow, especially in the common area.
  • A sharing scooter service is provided to facilitate residents who want to travel a short distance between buildings in the project or around the project area in order to save fuel.
  • The Company installed solar cells, a renewable energy, to reduce maintenance fees for residents.

In response to the environmental assessment guidelines of the Thai Green Building Institute, which was established in 2010. The primary goal of the Thai Green Building Institute (TGBI) is to develop the knowledge and standards which includes making regulations for green buildings in Thailand in order to be used instead of green building criteria given by world superpowers, reduce disadvantages in commerce and the economy of the country. There is an agency that designs projects according to the green buildings standards (TREES) of Thai Green Building Institute (TGBI).

Therefore, the Company has a policy to design projects to be in line with the relevant work category according to the criteria for energy and environment sustainability assessment in order to be prepared for construction and renovation at the designing stage which is called TREES PRE-NC or TREES for Pre New Construction & Major Renovation.

3. Internal Management Policy

The Company has designed the office to use as much natural light as possible in order to save energy. The Company has a policy to reduce paper consumption, supports electronic document storage and reusing documents for the maximum benefit.

Implementation

  1. The Product Development Department coordinate with project designers in order to design according to the environmental standards of the Environmental Impact Evaluation Bureau (EIA) in every project.

  2. The Product Development Department will coordinate with project designers so that the project’s design is in line with the relevant TREES PRE-NC criteria of the Thai Green Building Institute in every project. For example, avoiding unsuitable locations for construction building, reducing the impact on perfect nature areas, developing projects on developed areas, reducing the use of private vehicles, designing open and ecological spaces, planting perennial trees, using suitable local plants, mitigating water seepage and floods, selecting water-saving sanitary ware, reducing the use of refrigerants that destroy the ozone layer, ventilating air, illuminating interiors, managing waste, etc.

    (Refer to ** Energy and Environmental Sustainability Assessment Criteria in order to prepare for construction and renovations for the design step called TREES PRE-NC or TREES for Pre New Construction & Major Renovation)

    In the future, the Company has a policy to submit the Company’s projects for an evaluation of TREES PRE-NC criteria in order to request for a certified letter approved of the evaluation from the Thai Green Building Institute (TGBI) for the benefit of the Company’s public relations on Corporate Social Responsibilities.

  3. The Company’s Construction Project Management Department will comply with the measures specified in the Environmental Impact Assessment report (EIA) and strictly monitors all projects.
  4. The Company’s Construction Management Department will manage the cleanliness of the construction area and keeps storage tidy, manages waste, recycles without affecting the community or the environment surrounding each project.
  5. The construction project management team will purchase Contractor All Risk (CAR) Insurance.
  6. The Accounting and Finance Department will develop the website to communicate with customers and deliver documents by electronic format instead of paper.
  7. The Company designed the office to use natural light as much as possible to save energy. The Company has a policy to reduce paper consumption, supports electronic document storage and the reuse of documents for maximum benefit.
  8. The Product Development Department will coordinate with project designers to design according to the environmental standards of the Environmental Impact Evaluation Bureau (EIA) in every project.
  9. The Product Development Department will coordinate with project designers so that the project’s design is in line with the relevant TREES PRE-NC criteria of the Thai Green Building Institute. For example, avoiding unsuitable locations for construction buildings, reducing the impact on perfect nature areas, developing projects on developed areas, reducing the use of private vehicles, designing open and ecological spaces, planting perennial trees, using suitable local plants, mitigating water seepage and floods, selecting water-saving sanitary ware, reducing the use of refrigerants that destroy the ozone layer, ventilating air, illuminating interiors, managing waste, etc.

    (Refer to ** Energy and Environmental Sustainability Assessment Criteria in order to prepare for construction and renovations for the design step called TREES PRE-NC or TREES for Pre New Construction & Major Renovation)

    For the benefit of public relations regarding corporate social responsibility, the Company has a policy to submit the projects for the assessment of the Thai’s Rating of Energy and Environmental Sustainability for Preparation of New Building Construction & Major Renovation in order to get a certification from the Thai Green Building Institute (TGBI). The Company is a member of Thailand Business Council for Sustainable Development (TBCSD).

  10. The Company’s Construction Project Management Department will comply with the measures specified in the Environmental Impact Assessment (EIA) and monitors all of the projects.
  11. The Company’s Construction Management Department will manage the cleanliness of the construction area and keeps storage tidy, manages waste, recycles and does not affect the community or the environment surrounding each project.
  12. The Accounting and Finance Department will develop the website to communicate with customers and deliver documents by electronic format instead of paper.

4. Other Environmental Activities

  • Increase the green area in Bangkok project: the Company collaborated with the Bureau of Environment in Bangkok to plant trees in a tree planting activity in order to increase green area, reduce pollution and dust in Chatuchak Park area by planting 156 trees. On the occasion of His Majesty the King’s birthday, the Royal Initiative Volunteers 904 has an activity to plant 150 trees at Wachira Benchachat gardens. This project is an expansion of the Forwarding 10,000 Trees Project to create a sustainable urban society that cares for the environment in 2018.
  • The Origin Make It Green Project is a Zero Waste Project with the objective of reducing the wasteful use of resources, reducing the use of plastic waste as much as possible, and supporting efficient and sustainable waste management. This can be divided into the following subprojects:
  • Lending cloth bags project. This project was created because the Company noticed that employees at the head office use a lot of single used plastic bags. Therefore, a service center to borrow and return cloth bags was provided in various areas of the office so that employees can use them and reduce the use of plastic bags. Aside from providing a service center to lend cloth bags for employees, the Company also provided a service center to lend cloth bags at the prototype condominium project.
    • Waste management prototype project, the Company foresaw the impact of waste problem. Thus, a prototype project in waste management was organized, beginning at the head office by separating waste and accepting donations of recyclable waste such as plastic bottle caps, straws, and calendars. This project was extended to the Company’s condominium projects in regards to waste separation. The Company organized training with Thai Nakarin Hospital on the topic of Green & Clean, clean and sterile condominiums. In addition, the Company participated with Zero West Yolo, a plastic and food waste management organization, to organize a workshop that provides knowledge and demonstrates how to recycle plastic waste. This will help raise the awareness of employees and the residents regarding waste separation.
    • Forwarding Unused Goods Project. This project was started because the Company has unused items. These items were then donated to the communities, schools, and universities surrounding the Company’s projects. This included condominium development models which are used throughout the period of publicizing and selling the project. After the project sales process ends these models are discarded and not used any further. The Company foresaw that there are still educational institutions that could use the models for educational benefits. Therefore, 2 condominium project models were forwarded to Kasetsart University. In addition, the Company donated good quality sanitary ware from the demolition of the sample room to Wat Tri Samakkhi School in Samut Prakan Province.

The Company supported environmental activities such as run to build a city project, organized by the Faculty of Architecture at Chulalongkorn University by donating 250,000 Baht. Part of the income from this project will be used to develop beneficial things to the city in order to conserve the environment by increasing green spaces in the Bang Krachao area which is a large green area, the lungs of Bangkok. The Company also supported recyclable waste activity which was held by Sam rong Nuea Subdistrict Municipality, Samut Prakan Province, in the amount of 20,000 Baht and collected plastic water bottles to give to Samrong Nuea Subdistrict Municipality to recycle.