Environmental, Energy and Climate Change Management Policy

Muang Thai Life Assurance Public Company Limited is aware that climate change directly impacts environment, the people and businesses. Moreover, it may cause damages to customers’ lives as well as the Company’s assets. Muang Thai Life Assurance aims to be a part of transition to low carbon society and drive environmental sustainability development. Therefore, this Environmental, Energy and Climate Change Management Policy (the Policy) is formulated to be a direction of the Company’s environmental, energy and climate change management, and guidelines for directors, executives and staff to be aware of resources management, energy consumption, water consumption and reduction of greenhouse gas emission generated from the Company’s activities throughout its entire value chain. Moreover, it supports environmentally friendly activities and projects as to ensure positive impacts on environment from the Company’s operations, in alignment with international standards. This policy is prescribed to be in accordance with Thailand’s target for GHG emission reduction, Paris Agreement, and Sustainable Development Goals (SDGs) of the United Nations.

Objectives

This Environmental, Energy and Climate Change Management Policy is formulated with the following objectives.

To build awareness and be direction of environmental, energy and climate change management, and guidelines for directors, executives and staff.
To ensure that the Company’s operations are conducted by taking environment, energy and climate change into account.
To promote the transition to low carbon society and drive the Company’s environmental sustainability development.

Environmental means the elements surrounding an organization’s operations, including air, water, soil, natural resources, plants, animals, humans, and the interrelationships among them.

Environmental management means effective direction of environmental solutions (environmental aspects) of the Company as well as environmental protection and pollution prevention along with the Company’s business operations.

Environmental impact means impacts of the Company’s activities, operations, products or services on environment regardless of direct, indirect or supporting activities.

Energy management means direction of effective energy consumption management of the Company along with the Company’s business operations.

Water management means to the systematic and efficient management of water resources within an organization to ensure sustainable water use in alignment with the organization’s objectives. It encompasses activities ranging from water sourcing, utilization, wastewater treatment, and water quality control to the mitigation of environmental impacts.

Climate change means long-term shifts in temperatures and weather patterns. Such shifts can be natural. However, since 1800, climate change has been mostly caused by actions of humans due to burning of fossil fuels (such as coals, oil and gas) resulting in greenhouse gas (GHG).

Greenhouse gas (GHG) means gases in the earth's atmosphere which are released through natural processes and human activities. GHG emits longwave infrared radiation released from atmosphere and clouds.

Employee means executives and all staff under the Company’s employment contracts.

Stakeholder means employees, agents, customers, partners and related persons to the Company’s businesses.

Value chain management means the analysis of all activities carried out within a company, from customer acquisition, product design and development, marketing, sales, service provision, and underwriting to after-sales services, with the goal of creating sustainable value for customers throughout the policy lifecycle. It also aims to enhance operational efficiency and reduce environmental impacts.

Other Policies

Corporate Governance Policy

12/15/2022

Code of Conduct

12/15/2022

Anti-Corruption Policy

12/15/2022