Policy IRPC aims to reduce direct and indirect greenhouse gas emissions in accordance with Climate Change Policy to carbon neutrality in 2050 and net zero by 2060, aligned with the Paris agreement to limit global temperature rise to well below 2 degrees Celsius by announcing “IRPC: Future is Net Zero 2060”, a commitment to become Net Zero organization by 2060. This commitment, so called “ERA” includes 3 GHG reduction program 1. Eco-operation & Technology (Shift the operation from fossil-based power to renewable energy and increase energy efficiency) 2. Reshape-Portfolio (Adjust portfolio by investing in non-oil with Eco-Solutions such as adapting circular economy, promoting green product, and setting up systematic waste management) and 3. Absorption and offset (Seek all means to absorb and offset carbon from studying Carbon Capture, Utilization and Storage (CCUS) technology to increasing community engagement and forestation) for low carbon society. IRPC, therefore, is committed to concerning the organization to SDG including climate change issues through IRPC Climate Change. Climate Change Risks and Opportunities Assessment IRPC includes climate-related risks into our corporate risk portfolio, prioritizing them through a comprehensive risk matrix that evaluates composite exposure across Risk Likelihood and Impact dimensions in the Economic, Social, and Environmental aspects. This approach ensures the development of a well-balanced ESG risk portfolio. Annually, IRPC conducts assessments of climate change risks and sensitivity analyses to assess carbon dioxide reduction projects, considering both cost and GHG reduction. IRPC aligns our climate-related risk and opportunity assessments with recommendations of the Task force on climaterelated financial disclosure (TCFD). This involves implementing the TCFD’s recommendations in four key areas, including Governance, Strategy, Risk Management, and Metrics and Targets. Our assessments have been built upon the recent set of information reported in accordance with the requirements of Stock Exchange of Thailand (SET), encompassing the following key components: Scan this QR code for addition information on IRPC’s Climate Change Policy, or visit the website: https://innovationcenter.irpc.co.th/ 132 Business-Driven Sustainability IRPC Public Company Limited
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