SCGC foresees the potential impacts from climate change at Southeast Asia Region by following TCFD framework to assess risk and opportunity in various scenarios to business operation and prepare adaptation plan to mitigate those risks.
Climate Change and Hazard Risk Taskforce reviewed expertise studies to create specific scenario by assessing long term consequence of Global Emission prediction figure on GHG concentration in atmosphere “Representative Concentration Pathway” (RCP). The potential threats to operation in Southeast Asia such as Sea Level Raising, Flooding, Water Stress, Storm, etc.
Then, we analyzed the hot spots and critical processes in value chain by considering current operation control incorporate with public management by government and evaluating whether consequences reach to risk limit or not. If applicable, the risk owner will set adaptation plan to prevent or minimize impact. According to the worst scenario of climate change if the temperature increasing by 2-degree Celsius Sea Level, the sea level will raise 1.5 -2.0 m. above mean sea level and variation of tides phenomena by Year 2100. Anyhow, after assessed the elevation of critical operation areas along value chain we found only minor consequence at jetty platform which should be modified in the future.
In addition, we set governance process by assigning Energy & Climate Change Committee to be risk owner to manage and control risk then escalating to top management follow SCGC Sustainable Development Structure in order to acknowledge and provide risk mitigation strategy to prevent and minimize impact to business operation.
Moreover, for external engagement we collaborate with government sectors such as Royal Irrigation Department, Ministry of Agriculture and Cooperatives and Department of Drainage and Sewerage, Bangkok to ensure the readiness of current water management facilities and triggering process could prevent an impact from sea level raising to all stakeholders.