Chemicals Business, SCG, is one of the largest integrated petrochemical companies in Asia and a key industry leader. We manufacture and supply a full range of petrochemical products ranging from upstream monomers to downstream polymers including polyethylene, polypropylene, polyvinyl chloride, polystyrene and MMA.

Chemicals Business, SCG, Takes ESG-Friendly Stance to Strengthen Society, Environment, and Business Growth

Chemicals Business, SCG, Takes ESG-Friendly Stance to Strengthen Society, Environment, and Business Growth

Date: 24 Jun 2021

Operating a company in the traditional manner, with an emphasis primarily on profit and cost reduction, may be irrelevant in today's global context, when the world is confronted with a slew of challenges ranging from a scarcity of natural resources, exacerbated climate change, a wider gap in social inequality, to corruption. Therefore, businesses should take these variables into account and use them adequately to continue to grow sustainably while benefiting all stakeholders and creating sustainable returns. SCG recognizes the significance of this evolving context and devotes consistent attention to the ESG criteria. In addition, the company takes a broader approach to environmental, social, and governance challenges by incorporating sustainable practices into business operations to promote confidence in all sectors and emphasize the business's responsibility in the three said dimensions. What does ESG have to do with Sustainable Business? ESG is a term used in the capital markets to provide investors information to assess the business's performance holistically. ESG encompasses more than just financial data; it reflects a company's corporate governance, transparent management, risk management, and commitments to its stakeholders, as well as competitiveness and the ability to deliver long-term returns. The vital sustainable practices underlying ESG include 3 main areas: Environmental (E), covering energy, water, waste, pollution, and greenhouse gas management; Social (S), covering company's treatment regarding employees, customer, social and community development; and Governance (G) focusing on good corporate governance, sustainability risk management, supply chain management, and corporate innovation. The Importance of ESG to Chemicals Business, SCG In addition to placing sustainable development and circular economy at the heart of company operations, Chemicals Business, SCG also adopted ESG as an additional conceptual framework to help reflect its accountability to stakeholders in three dimensions: Environmental Dimension. Chemicals Business, SCG, announced earlier this year its roadmap "Chemicals Business for Sustainability," which will apply to the entire supply chain. To achieve such a roadmap, the company implemented key strategies such as Design for Recyclability, in which products are redesigned to use less plastic materials while providing the same or superior performance, accelerating the development of bioplastics as an alternative material, and integrating advanced recycling processes to convert post-consumer plastics into renewable feedstock. Social Dimension. To sustainably shape the healthy community around the plant, Chemicals Business has fostered exceptional community entrepreneurship by leveraging the local identities of communities in Rayong to generate additional value, in line with the circular economy model, which incorporates innovation and technology to facilitate and improve efficiency. Among the examples are fabric made from pineapple leaves by the Khon Saen Witi Weaving Community Enterprise in Pluak Daeng District, seawater-dyed batik by the Tan Batik Community Enterprise in Ban Chang District, Tulip Housewife Community Enterprise in Mueang District's Noenpayom, and Song Saleung Salacca Fruit in Syrup Community Enterprise in Klaeng District, and online marketplace -- Rayong Shop Hi. Governance Dimension. ESG helps Chemicals Business, SCG, monitor and collect business sustainability performance in a more comprehensive, organized, and transparent manner, allowing the company to better communicate and establish an understanding with stakeholders. The approach also helps the company in better managing stakeholder needs while retaining competitiveness and developing corporate credibility. It is also a tool for reflecting business potential to attract investors who want to invest in outstanding businesses with the potential to deliver sustainable and long-term returns. The use of ESG (Environmental, Social, Governance), which conforms to environmental care, social stewardship, and good corporate governance, would aid Chemicals Business, SCG, in operating a sustainable path in line with the international community's Sustainable Development Goals (SDGs).

SCG Chemicals And Braskem To Study Joint Investment Into Bio-based Ethylene Production For Bio-based Polyethylene In Thailand

SCG Chemicals And Braskem To Study Joint Investment Into Bio-based Ethylene Production For Bio-based Polyethylene In Thailand

Date: 10 Sep 2021

Bangkok –10 September 2021 Braskem the largest biopolymer producer in the world has signed a memorandum of understanding (MOU) with the SCG Chemicals, one of the largest integrated petrochemical companies in Thailand and an industry leader in Asia, to perform studies to jointly invest in a new bio-ethanol dehydration plant in Thailand to produce bio-ethylene and bio-based polyethylene. “Amidst the ever increasing demand for circular economy and sustainable solutions worldwide, we keep looking for opportunities to expand I’m Green™ bio-based PE availability. Besides meeting customers’ expectations and contributing to carbon neutrality commitment by 2050, this project may be a landmark for Braskem’s footprint in Asia. We are fortunate to develop this potential partnership with SCG Chemicals that shares the same view in sustainability and has a successful track record in the chemical industry in Asia.” says Roger Marchioni, Braskem’s Director for Asia. Tanawong Areeratchakul, President of SCG Chemicals adds: “We are committed to sustainability and advancing circular economy for a better society and environment. This MOU means we are exploring potential options for partnering and investing with Braskem to bring the production of bio-based polyethylene to Asia. This would help us to meet our pledge to become “Chemicals Business for Sustainability” and ensuring social and environmental stewardship following ESG standards (Environmental, Social, and Governance), while fostering United Nations’ Sustainable Development Goals (SDGs) and fulfill the increasing market demand towards environmentally friendly products in accordance with the guidelines for the development of Bio-Circular-Green Economy: BCG Model of Thailand.” If the feasibility studies are approved with mutual agreement between parties, the production facility would be located in Map Ta Phut, Rayong, Thailand. This Project would allow the combination of Braskem’s technology and bio-plastics know-how with SCG Chemicals’ knowledge of the Asian market and expertise in PE production. _________________________ About SCG Chemicals SCG Chemicals is one of the largest integrated petrochemical companies in Thailand and a key industry leader in Asia offers a full range of petrochemical products ranging from upstream production of olefins to downstream production of 3 main plastics resins: polyethylene, polypropylene, and polyvinyl chloride. SCG Chemicals is committed to conducting business in line with Environmental, Social and Governance (ESG) and achieving Sustainable Development Goals (SDGs). SCG Chemicals is developing new technology and innovation to create high value-added products (HVA) and holistic service solutions concerning areas on the rise such as circular economy, medical & healthcare, electric vehicle (EV) to better meet diverse places, emphasis demands and sustainable environmental stewardship. For more information, please visit www.scgchemicals.com. About Braskem With a global vision of the future, guided by people and sustainability, Braskem is engaged in contributing to the value chain to strengthen the Circular Economy.The petrochemical producer’s 8,000 team members are dedicated every day to improving people's lives through sustainable solutions in chemistry and plastics.With its corporate DNA rooted in innovation, Braskem offers a complete portfolio of plastic resins and chemical products for various industries, such as food packaging, construction, manufacturing, automotive, agribusiness, health and hygiene, and more.With 40 industrial units in Brazil, United States, Mexico and Germany and net revenue of R$52.3 billion(US$13.2 billion), Braskem exports its products to clients in over 100 countries. Braskem on social mediawww.facebook.com/BraskemSA;www.linkedin.com/company/braskemandwww.twitter.com/BraskemSA

SCG Green Polymer: Circular Economy Future Forward - EP1

SCG Green Polymer: Circular Economy Future Forward - EP1

Date: 21 Sep 2021

Time: 10:00 AM - 4:30 PM (GMT +07:00)

Venue: Zoom Webinar

SCG Green Polymer: Circular Economy Future Forward - EP1 As part of Thailand's impact leaders in Circular Economy, SCG Chemicals is hosting the webinar to look into key concepts of the restorative approach — going from theory to practice, discuss challenges and policies needed to further accelerate the circular solutions for future businesses, and mark the launch of "SCG Green Polymer". Register NOW ! Thai Session 10:00 - 11:30 AM (GMT+7) English Session 03:00 - 04:30 PM (GMT+7)
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