• On Material Solution front, Advanced Materials, especially those relating to Health & Life Sciences and Circular Economy, will be the focus of IRPC’s new business strategy. • On Energy Solution, the company’s main thrust will be towards creating innovations and development of Future Energy and Energy Storage systems. The new vision and mission will also guide IRPC in its investment to put the company on track towards future growth., in collaboration with domestic as well as foreign partners through JV, M&A, New S-curve, Startup, etc. At the same time, IRPC will stay committed to environmental stewardship, corporate responsibility towards communities and the society at large that our stakeholders have come to expect from us. The quantitative financial and sustainability goals that IRPC aims to achieve by 2030 are as follows: EBITDA Baht 35,000 million, greenhouse gas emission reduction by 20 per cent from its business plan. To achieve the targets, the company needs to create new revenue streams and raise new businesses’ share in its total income while maintaining IRPC’ New Vision the strength of its existing main businesses. Metaphorically speaking, the key is to keep both new and old revenue streams flowing while IRPC embarks on a Transition to the New Horizons. To ensure targets will be met, IRPC has set key success factors, or enablers, to to drive the strategy as follows: 1. Revamp Human resource management, create core value for change. 2. Set budget plan and allocate funds for investment in new businesses. 3. Deploy digital technologies to optimize management and operational efficiency. 4. Engage capable advisers and experts for new business investment projects. IRPC Public Company Limited announces its commitment to deliver creative products for a fulfilling life with a focus on innovative materials and sustainable energy management. “Shape what’s good for tomorrow” 92 IRPC PUBLIC COMPANY LIMITED 56-1 ONE REPORT 2021
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