CSO's Message

S&P’s sustainable development framework aligns with seven of the United Nations Sustainable Development Goals (SDGs). This is driven by our core corporate strategy, the 3Ps: People, Planet, and Prosperity. In 2025, we conducted a comprehensive review of our sustainability materiality, identifying five Critical Topics that have the highest impact on our stakeholders; 1. Waste and Food Surplus Management 2. Supply Chain Management 3. Health and Nutrition 4. Energy and Climate Change and 5. Customer Confidence in Product Quality, Safety, and Services.

By focusing on these key areas, S&P aims to address stakeholder concerns holistically while ensuring that our operations across the entire value chain maintain a healthy and sustainable ecological balance.

People - Empowering Individuals and Communities: S&P recognizes the fundamental importance of human rights and the promotion of social equality. We have conducted a comprehensive Human Rights Due Diligence (HRDD) review to ensure that our operations do not adversely impact human rights throughout the entire value chain. Furthermore, we have established preventive and remedial measures to ensure readiness and timely responses to any potential issues. Our key initiatives include:

• For Employees: S&P is committed to cultivating a culture of sustainability across all levels. This is achieved through ESG DNA training programs in collaboration with the Stock Exchange of Thailand (SET). We also focus on upskilling and reskilling initiatives to enhance employee potential, enabling robust career growth and professional development.
• For Customers: We strive to innovate products that are nutritious, high-quality, and safe. This includes communicating accurate nutritional information to empower customers, especially those who are health-conscious to make informed purchasing decisions. Additionally, we conduct regular customer satisfaction surveys to gather insights for continuous service improvement. These findings are integrated into staff training programs to elevate service standards and deliver the best possible customer experience.
• For Society:
  • Learning Management System (LMS): An online platform utilized for the administration and tracking of digital training courses, providing employees with the flexibility to gain knowledge, build understanding, and enhance professional skills.
  • S&P Learning Center: A program providing vocational skills training for dual-education students prior to their clinical/on-site practice, fostering equal educational opportunities within society.
  • S&P Giving for Community: An initiative designed to support local income generation and build strong community relations surrounding S&P food and bakery production facilities.
  • S&P Chance for Change: A program aimed at reducing social inequality by leveraging the expertise of our professional staff to provide vocational training to inmates nearing release, empowering them to achieve sustainable self-reliance.

Planet: Balancing the Ecosystem: S&P is dedicated to environmental stewardship through the following strategic initiatives:

• Carbon Footprint for Organization (CFO): We continuously assess and monitor greenhouse gas (GHG) emissions data across all operational units to ensure comprehensive environmental management.
• Carbon Footprint for Products (CFP): We are committed to developing Carbon Footprint Reduction (CFR) of our products, specifically targeting low-carbon production processes.
• Decarbonization Roadmap: The Company has established a strategic roadmap to transition toward low carbon operational processes, serving as a vital framework to achieve Net Zero Emissions by 2050.
• Circular Economy Projects: We focus on maximizing resource efficiency by managing waste from both production processes and post-consumption through:
  • S&P Food Rescue Project: Consistently redistributing surplus bakery products from production to local communities in need.
  • Fried to Fly Project: Repurposing used cooking oil for the production of Sustainable Aviation Fuel (SAF), among other initiatives.

Furthermore, the Company’s environmental performance has been officially recognized by the Department of Climate Change and Environment through the following accolades:

• Green Restaurant Award 2025: Received the Gold Level certification for three pilot branches, with an ongoing commitment to expanding participation across more locations.
• Plaque of Honor for Single-Use Plastic Reduction: Awarded on World Environment Day 2025 in recognition of our organizational leadership in promoting the reduction and elimination of single-use plastics.

Prosperity: Strengthening Organizational Resilience: S&P manages its supply chain systematically to ensure long-term sustainability through the following actions:

• Responsible Sourcing: We source directly from farmers and local suppliers to ensure strict control over raw material quality, freshness, and food safety in accordance with the Company’s standards.
• Sustainable Community Income: We generate sustainable income for local communities by actively supporting and integrating local community products into our business.
• Technology and Innovation Integration: We implement advanced technologies and innovations across the organization to enhance product and service quality while maximizing operational efficiency.
• Information Technology Security Program: We have established robust cybersecurity initiatives to ensure the highest level of confidence for the Company and its stakeholders.
• Anti-Corruption Leadership: The Company has successfully renewed its membership with the Thai Private Sector Collective Action Against Corruption (CAC) for the third consecutive time. Furthermore, we have been promoted to "CAC Change Agent" status for our role in encouraging business partners to expand the anti-corruption network.
• S&P Knowledge Sharing Project: We collaborate with our business partners to foster ESG consciousness. This includes providing fundamental training on Greenhouse Gas (GHG) data collection and raising awareness regarding all forms of anti-corruption.

Our achievements in 2025 are reflected through prestigious awards and certifications from external organizations, guaranteeing sustainability throughout our value chain:

• SET ESG Ratings - "AAA" Level (Highest Level): Awarded by the Stock Exchange of Thailand for 2025.
• Corporate Governance Report (CGR) - 5-Star "Excellent" Rating: Awarded by the Thai Institute of Directors (IOD) for 2025.

Looking forward, S&P remains vigilant in assessing risks and opportunities. We closely monitor external challenges to ensure timely and effective responses. To achieve our sustainability goals, S&P is dedicated to delivering sustainable happiness through high-quality food, bakery products, and beverages. Our aim is to remain the top choice for customers and consumers, fulfilling our promise: "Healthier Family, Happier World."

Maneesuda Sila-On

Chief Sustainability Officer