Saha Pathanapibul Public Company Limited (“SPC”) recognizes the importance of supply chain management with consideration for social impacts, encompassing labor, business partners, communities, and all stakeholders. The Company is committed to conducting operations fairly, transparently, and with respect for human rights, while supporting communities and creating sustainable value throughout its supply chain.
Supporting the SDGs
No Poverty
Zero Hunger
Good Health and Well-Being
Reduced Inequality
Partnerships for the Goals
Management Approach
SPC recognizes the importance of supply chain management, which encompasses every stage from sourcing, design, research and development, procurement, production, storage, and transportation, to managing relationships with the company’s stakeholders. The board of Directors shall promote cooperation between the Company and stakeholders to enhance the performance of the company by promoting cooperation and taking care of stakeholders according to their rights under relevant laws, the 8 groups of stakeholders of the Company are as follows:
(1) Shareholders: The board of Directors shall perform its duties responsibly, prudently, earnestly, and honestly to generate continuous, sustainable, and good returns on investment for shareholders. The company has reported details in Form 56-1 One Report 2024, Page 115-117, section 6.1.2 Policy and Guidelines Related to Shareholders and Stakeholders, "Shareholder Care".
(2) Customers: The board of the directors realize satisfied and confidence of our customers is the key which is leading to the achievement of sustainable companies. The following policies and guidelines have been prescribed in this regard. The policy and practical guidelines are as follows:
- Selection of quality products, safe for life and health of consumers with reasonable prices.
- No monopoly price moreover without the advertisements to be true
- Operated in earnest, honest and fair values and no action is taken that would violate the rights of customers. The confidentiality of customer trade secrets are maintained and not exploited for wrongful personal gains or for the gains of others.
- The Company does not demand, receive or consent to the direct or indirect receipt of properties or other dishonest benefits from customers.
- The Company quickly acted upon any complaints from customers and treats everyone in an unbiased manner.
- Develop products and services to satisfy the requirements of our clients, and, consistently add value to our products and services.
(3) Trading partners: The board of the directors treats trading partners equitably and takes into account mutual interests by prescribing the following policies and guidelines as follows:
- The Company has a system for screening trading partners in the value chain who operate businesses in compliance with the law, safety and occupational hygiene standards, and friendliness to the environment. Trading partners are treated on the basis of fair competition, equality and mutual respect.
- The confidentiality of secrets or communications of trading partners are maintained and not exploited for wrongful gains of oneself or of others.
- Relationships and good understandings are fostered. Knowledge is exchanged. Developments and value adding to goods and services are jointly undertaken to promote mutual growth.
- The Company adheres to trade agreements and makes proper representations of data. In the event that an agreement cannot be complied with, the Company will expeditiously engage in early negotiations with trading partners in order to reach a mutual remedy a loss prevention solution.
- The Company does not demand, receive or consent to the receipt of properties or any other benefits outside trade agreements.
(4) Trading competitors: The board of the directors operates under the provisions of law. The policy and practical guidelines are as follows:
- By following the rules of competition, fair-trade with regard to ethical business practices and competition law. Competitors and considered as part of the capacity building of the organization.
- The stability and strength do not damage the reputation of competitors
(5) Creditors: The board of the directors is committed to undertaking business operations in a principled and disciplined manner in order to build the trust of creditors by prescribing the following policies and guidelines as follows:
- All creditor groups shall be treated equitably and fairly.
- Contracts and terms will be strictly adhered to.
- Operations will be administered to ensure the confidence of creditors in the Company’s financial standing and credit rating.
- Financial standings shall be accurately and timely disclosed.
- In the event of an inability to comply with a particular term, the creditor will be forthwith notified in advance in order to enable a joint solution for remedy and loss prevention.
(6) Employees: The board of the directors regarding employees as a valuable resource and a key factor in the Company’ s success, the board of Directors shall adopt the following policies and guidelines as follow:
- Employees’ human dignity and fundamental rights shall be respected at work. Employee data or confidential information shall not be disclosed or transmitted to third parties or unrelated persons.
- Employees shall be treated in accordance with the provisions of law, regulations, and articles governing the Company’s operations Employment equality shall be promoted. There shall beno discrimination on the basis of gender, skin color, race, religion, age, disability, or any other status that is not directly related to work.
- Training and knowledge exchange shall be sponsored and promoted to encourage learning and skill development throughout employment; The Company shall seek to strengthen employees’ career security and offer opportunities for advancement pursuant to each person’s potential.
- Employees’ participation in the determination of the Company’s direction and development shall be promoted.
- Fair compensation shall be offered, subject to employees’ knowledge, skills, duties, responsibilities, and performance.
- Appropriate welfare and benefits shall be given to employees, e.g. medical expenses, provident fund contribution, and a savings cooperative.
- Channels shall be provided for employees to communicate suggestions and complaints pertaining to work. All suggestions shall be considered, and remedies shall be determined in the best interest of all parties and with regard to good professional relations.
- Facilities necessary for operations shall be provided. Working conditions shall be maintained with due regard to health, safety, and occupational hygiene as a means to promote and raise employees’ quality of life.
- Employees of all levels shall been courage to participate in corporate social responsibility activities.
(7) Community and Society: The board of Directors shall operate the Company’s businesses with due regard to the duties and responsibilities owed to the nation, community, and society, as well as local traditions, in order to maintain social order. In this regard, the board shall adopt the following policies and practical guidelines:
- A business that could lead to social degradation shall not be undertaken, and the rights of any person in the community and society shall not be violated.
- The consciousness of responsibilities towards the community and society as a whole shall always be instilled for the benefit of the Company and all of its employees.
- Measures shall be provided for the prevention and remedy of any negative impact on the community and society caused by the Company’s operations.
- The preservation of local culture and traditions shall be promoted.
- The Company shall cooperate with various agencies for community development.
- Activities that benefit the public shall be sponsored.
- Income shall be locally distributed through the employment of community members and the use of community products.
- Good relations shall be fostered between the Company and the community and society on the basis of propriety, transparency, and fairness.
(8) State Sector: To make sure that the Company operates in conformity with the rules and regulations enacted by the State, the board of Directors shall adopt the following policies and guidelines:
- The laws governing operations shall be studied and understood. Meanwhile, no activities that would violate the letters of the law shall be undergone.
- Legal compliance shall be assured when conducting a transaction with any state official or agency.
- Good relations between the Company and the state sector shall be fostered so long as they are within proper boundaries.
- The board shall completely with the relevant laws and business traditions in a particular country or locality.
