IRPC is committed to conducting business operations with a focus on social responsibility towards communities and society. To uphold this commitment, the Board has established guidelines and policies governing CSR operations, including a five-year strategy that underscores the importance of value co-creation between IRPC and stakeholders. The document serves as a guideline for the management, employees, as well as IRPC Group’s affiliate in implementing CSR projects. Recognizing communities as key stakeholders for the company’s business, IRPC has established a community engagement process in all areas of operation (100 percent). This process involves sharing information, fostering awareness about our business operations, and actively soliciting input from communities to integrate their needs and concerns into the development of CSR projects. Additionally, IRPC extends special consideration to vulnerable groups within communities and society, including children, persons with disabilities, the elderly, women, indigenous people, migrant laborers, third-party contracted labor, and the LGBTQIA+ community in our engagement process, with a commitment to safeguarding their rights and ensuring meaningful participation. Furthermore, IRPC and IRPC Group’s affiliate have conducted social, environmental, and health impact studies as part of the Environmental Impact Assessment (EIA) and Environmental Health Impact Assessment (EHIA) report preparation process for all projects within scope under the Notification of the Ministry of Natural Resources and Environment and other relevant laws, as well as rigorously adhering to measures outlined in the report to mitigate potential harm and address both direct and indirect impacts on the communities and society. The company has also conducted consultations with communities during the report preparation, with a total of 1 project undergoing public consultation in the year 2023, accounting for 100% of all projects. Beyond conducting business responsibly, IRPC also aims to create positive value for society and communities, believing that business can grow in tandem with the development of the communities and society. The company allocates investment in various CSR projects equivalent to 3% of the average net profit for the past three years. The four main objectives of these CSR projects include fostering positive relationships between communities and the company through engagement activities, providing valuable benefits to communities that address their needs and issues, disseminating accurate information to build trust and confidence in the company’s operations, and securing continuous community acceptance and trust (Social License to Operate: SL2O). IRPC has outlined a framework for CSR projects, categorized into three main directions: building a sustainable environment, improving education, and strengthening the community. These projects align with our business drivers and the Sustainable Development Goals (SDGs) of the United Nations in order to leverage the strength of both business and society. The primary SDGs that IRPC focuses on for the implementation of CSR projects include Goal 3 (Good Health and Well-Being), Goal 4 (Quality Education), and Goal 13 (Climate Action). Management Approach Promote CSR to make positive social impact Build good relationships through stakeholder engagement Create awareness of information and facts among stakeholders through Community Communication 153 Business-Driven Sustainability 56-1 ONE REPORT 2023
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