Thai conglomerate tops Dow Jones Sustainability Index
Thailand’s Siam Cement Group has topped Dow Jones Sustainability Index (DJSI) building material and fixture sector for the first time, convincing the conglomerate’s management that it is on the right business course, according to a report in the Nation newspaper.
“Our dedication to the sustainable-development (SD) principle reached another milestone when SCG achieved the gold-class level of the DJSI for four consecutive years," said company president and CEO Kan Trakulhoon.
Last year, it was narrowly beaten to first place in the sector by Switzerland's Holcim. DJSI is a benchmark indicating the sustainability of a businesses based on regulatory framework; investors' benefits; balance of benefits among other stakeholders; and environmental impact.
The company this week hosted the Thailand Sustainable Development Symposium 2011 to share its knowledge with other Thai companies, in the belief that SD is a must as the environmental changes take a toll on the planet.
To set an example, the event's carbon footprint was measured, amounting to 76,602 kg of CO2, which was about 10,000 kg lower than similar events attracting 600 participants, thanks to a requirement that no business suits be worn.
Kan assured participants that despite the higher investments required, SD's returns would be higher in the long run. SCG's eco-value products, which require green materials and a green manufacturing process, demand higher investment, but when they are produced as mass products, the margins could rise and benefit all parties, he said.