Goal and Performance Highlights

Strategic Targets 2025 Performance
(%)
2025 Goal 2026 Goal1 2034 Goal
Greenhouse Gas Emissions
Scope 1 and 2 compared with 2019 Reduced by 45% Reduced by 22% - -
Scope 3 compared with 2019 Reduced by 15% Reduced by 22% - -
Scope 1, 2, and 3 compared with 2019 Reduced by 24.6% Reduced by 22% - -
Scope 1, 2, and 3 compared with 2024 Reduced by 7.7% Reduced by 5% Reduced by 10% compared with the 2024 base year* Reduced by 46.2% compared with the 2024 base year
Electricity Consumption
Grid electricity consumption under the Company's control (controllable portion) Reduced by 1.3% compared with the previous year, 2024 Reduced by 5% compared with the previous year, 2024 Reduced by 5% compared with the previous year, 2025 -
Grid electricity consumption under the Company's control (controllable portion) (Like-for-Like) Reduced by 3.6% compared with the previous year, 2024 Reduced by 5% compared with the previous year, 2024 Reduced by 5% compared with the previous year, 2025 -
Electricity consumption intensity per unit area under the Company's control (controllable portion) compared with 2015 Reduced by 25% Reduced by 20% - -
Renewable Electricity Consumption
Share of renewable electricity consumption compared with total building electricity consumption 3.62% ≥ 4.5% ≥ 6.5% ≥ 10%
Share of renewable electricity consumption compared with total building electricity consumption (shopping centers only) 4.2% ≥ 4.5% ≥ 6.5% ≥ 10%
Renewable energy use across all shopping centers, both in Thailand and overseas 70

(31/44)
≥ 60% - 100%
Water Withdrawal
Water withdrawal Increased by 1.85% compared with the previous year, 2024 Reduced by 5% compared with the previous year, 2024 Reduced by 5% compared with the previous year, 2025 -
Water withdrawal (Like-for-Like) Reduced by 4.6% compared with the previous year, 2024 Reduced by 5% compared with the previous year, 2024 Reduced by 5% compared with the previous year, 2025 -
Water reuse ratio compared with total water withdrawal 3.1% 5% - 10%
Wastewater quality2 100% Water quality indicators complied with Ministry's announcement No legal disputes related to wastewater discharge into public water sources No legal disputes related to wastewater discharge into public water sources No legal disputes related to wastewater discharge into public water sources
Waste Management
Waste recycled and recovered for beneficial use 54.5% 60% 65% 80%
Sustainable Buildings
Share of area certified under the GRESB definition compared with total area 7.2% 7% 10% 20%

Remarks:

1) The base year was adjusted to 2024 because this was the period when business operations returned to normal after COVID-19 and appropriately reflects the expansion of the Company's project portfolio.

2) The quality indicators measured include Biochemical Oxygen Demand (BOD), Total Suspended Solids (TSS), Total Dissolved Solids (TDS), acidity and alkalinity (pH), and Oil and Grease.

System-Level Targets and Legal Compliance Performance
2025
Target
2025
Standard Coverage
Operating areas certified to ISO 14001 as a percentage of total area
75.3 75
Legal Compliance
Full legal compliance record
No disputes and no significant environmental fines No disputes and no significant environmental fines
Effectiveness of the Grievance Mechanism Received 18 environmental complaints from communities, mostly related to noise, and successfully remediated, mitigated impacts, and closed 100% of complaint cases. Successfully remediated and closed 100% of environmental complaint cases from communities.

Challenges and Opportunities

The real estate business faces systemic environmental challenges, including physical climate risks and transition risks. Financial risks from resource management are also key factors that directly affect the Company, particularly operating expenses (OPEX). Utility costs, including electricity, water, and gas, account for up to 20% of total operating costs, with electricity representing 90% of utility consumption in business operations.

Central Pattana sees an opportunity to turn these challenges into a competitive advantage. Systematic environmental management not only reduces risks, but also improves operational efficiency, attracts green investment, and builds confidence among all stakeholder groups. Effective resource management and a higher proportion of renewable energy are important mechanisms for reducing the severity of climate risks and lowering business costs. The Company therefore seeks high-performance technologies and innovations to reduce operating costs while lowering greenhouse gas emissions in both the short and long term, supporting our goal of achieving net zero greenhouse gas emissions by 2050.

Management Approach and Value Creation

Board Level Governance Structure

To ensure environmental management is transparent and auditable from the highest level, the Company has taken steps to improve the charter and responsibilities of the board. Concretely as follows:

  • Clearer roles and responsibilities: The Company has improved the charters of the Board of Directors, the Corporate Governance and Sustainable Development Committee, and the Risk Management Committee to clearly define their roles in overseeing climate-related risks and opportunities.
  • Expanding the scope of oversight: The Company has expanded the responsibilities of the Corporate Governance and Sustainable Development Committee, the Climate and Environment Committee, and the Occupational Health, Safety, and Working Environment Committee to cover climate-related risks and opportunities across all business groups, including shopping centers, offices, hotels, residences, and building management under CPNREIT.
Strategic Operating Framework and Management System

The Company conducts business in accordance with climate and environmental policies. Using an environmental management system aligned with the international standard ISO 14001. The system is driven by the PDCA (Plan-Do-Check-Act) quality cycle as the core of governance mechanism to prevent negative impacts and strictly comply with applicable laws. The operational framework is classified into 4 strategic categories and reports under 8 subtopics as follows

Strategic Categories Reporting and Quantitative Performance Results
E1: Greenhouse Gas Reduction Climate Mitigation
Energy Management
Green Building
E2: Climate Adaptation Climate Adaptation
Air Quality Management
E3: Circular Economy Waste Management and Circular Economy
E4: Maintaining Resources and Biological Diversity Water and Wastewater Management
Ecology and Biodiversity
Environmental Policy in Action: The Pillars of Sustainable Management
Plan
The Company sets annual electricity management targets and plans, together with greenhouse gas reduction plans under the Climate and Environment Policy. External consultants conduct energy audits to provide recommendations, analyze investment value, and propose suitable improvements for energy use. Central Pattana has established an annual energy management work plan and action plan, with quarterly meetings held to review performance and report measurement results to the Climate and Environment Committee. Progress is also reported to the executive-level sustainability policy committee to support continued advancement toward the targets.
Do

The management team and energy management team in each business unit work together to implement the annual energy management plan. This covers the setting of electricity reduction targets at both the overall organizational level and business unit level, as well as the selection of appropriate measures and technologies. Performance is monitored in real time through the Building Management System (BMS), while energy consumption data is continuously compared and reported through the Carbon Footprint platform.

In addition, each branch implements preventive maintenance plans, evaluates equipment performance, and develops Re-commissioning Plans to improve system efficiency and increase energy performance. Electricity management performance is considered an important organizational indicator and is reported to the Climate and Environment Committee and the Corporate Governance and Sustainable Development Committee, respectively.

Check
The Company inspects electricity management operations at each branch with the involvement of internal teams, including the property development and management team and the energy and environmental management team, as well as licensed agencies that monitor and certify energy management. To ensure operations are carried out as planned, the Internal Audit Department also conducts annual random inspections, evaluates performance, and prepares inspection reports for the working group and executives. The Energy Working Group also reviews performance and provides recommendations to senior executives and asset management teams for further improvement.
Act

If operating results do not meet the targets, the central team and branch teams work together to develop an energy management improvement plan. Corrective actions are then presented in the action plan report. The improvement plan covers 6 areas:

  1. Building improvements
  2. Improving the energy production and distribution system within the building.
  3. Improving equipment and various support systems
  4. Improving the operational processes of related teams
  5. Developing personnel potential through training
  6. Communication both inside and outside the organization

The Company sets quarterly indicators for energy reduction and savings, with a clear timeline, budget, action plans, and continuous monitoring. We also conduct additional energy inspections and analyses for units or buildings that do not meet targets in order to develop more effective improvement plans.