Driving Business for Sustainability

    Land and Houses Public Company Limited operates its business in accordance with the sustainable development guidelines of the Stock Exchange of Thailand to create values and responsibility with all the stakeholders in terms of corporate governance, social and environmental dimensions. The Company has aimed to remain to be the leader in the real estate development business in Thailand. The clear goals are to continually develop products and services that meet the needs of customers, to “Create A Better Living” to be accepted and trusted by customers, and to conduct the business strictly under the Good Corporate Governance concurrently with the Social and Environmental Responsibility, respect for human rights and consideration to all stakeholders.

    The Company’s sustainable development policy was established based on vision, mission, and business strategy with the goal of balanced growth in the areas of economic, corporate governance, society & community, and environment to strive towards true sustainable development and its vision to be the leading real estate developer in Thailand with the objective to “Create A Better Living” for consumers and all stakeholders. As such, the sustainability policies and guidelines have been established with the following essence:
    • To operate its business under the principles of good governance and good corporate governance
      The Company has a corporate governance policy and adheres to perform in accordance with the core characteristics of the good corporate governance which comprises honesty, transparency, independence, social responsibility, fairness, and responsibility for obligation.
    • To operate sustainable business by adhering to social, community and environmental responsibilities
      The Company has a policy to conduct business that considers the negative impacts of operations on society/community, nature, and environment, and focuses on using resources and energy with the most value and efficiency.
    • To operate the business with considerations of all stakeholders
      The company has a policy to conduct business that focuses on values, importance, and responsibility to all stakeholders.

    The Company has set its operational goals in accordance with sustainable development that covers economic, social, and environmental dimensions for the year 2022 as following guidelines:

    Sustainable Development Goals Operation
    • Conduct product innovation management and product quality development
    • Products that meet the needs and behaviors of consumers and are environmentally friendly
    • Develop employee potentiality
    • Employees’ potential, knowledge and skills are continually developed in accordance with the business strategy
    • Use of energy and resources valuably and reduce environmental impact
    • Use natural substitute materials and install energy- saving equipment in the house
    • Use renewable energy in the process
    • Implement projects in collaboration with society / community
    • Implement projects and activities for society and community continually.

    In addition, the Company aims to support and apply UN Sustainable Development Goals (SDGs) to the business strategy in developing the organization towards the directions and goals of international sustainable development to build confidence, create benefits for all stakeholders, and covers all three dimensions which are economic, social, and environmental dimensions.

    Source: www.un.or.th

    SDGs Goals Company’s Sustainability Issues Support Activities Benefits to the Company/Society and Environment
    GOAL 3.
    Good Health and Well-Being
    Promote health and upgrading medical care of people in society
    • Human resource management and human rights
    • Occupational health and safety
    • Innovation and product development management
    • Occupational health and safety of employees
    • Product design considering the safety and quality of life of customers.
    • Caring for employees during the COVID-19 epidemic
    • Employees are in good health, reducing / preventing their illnesses.
    • Prevent the spread of COVID 19
    • Reduce the accidents
    • Create good environment and working atmosphere
    • Products focus on quality of life
    GOAL 4.
    Equality Education
    Support the opportunity of quality education and to create a society of sustainable learning for every person
    • Human resource development
    • Training to develop employees’ potential
    • Participation in social and community development
    • Employee training
    • Student Internship Program
    • Bilateral Project
    • Scholarship program for employee’s children
    • Increase quality of employee’s knowledge and skills
    • Promote continuous learning for employees, students, and employee’s children
    • Increase employment opportunities for internship students participating in the program
    GOAL 5.
    Gender Equality
    To achieve equality of woman’s rights in organizations
    • Human resource management and human rights
    • Equal treatment of employees and labor
    • Employment of all genders
    • Promote gender equality
    GOAL 6.
    Clean water and sanitation
    Support the society to reach clean water and enhance the better sanitation
    • Cooperation in social / community development
    • Resource and environment management
    • Organize the wastewater management according to the law
    • Reuse the treated wastewater
    • Water drained into public pipes must pass quality measurements according to legal treatment standards
    • The treated water is used to water the trees, gardens, lawns and to spray roads and sidewalks.
    GOAL 7.
    Affordable and Clean Energy
    Support the use of clean energy and help reduce the cost of clean energy production
    • Energy and environmental management
    • Product Innovation and development management
    • Use of Solar roof at the site offices
    • Use of materials which save energy and environmentally friendly
    • Use of HYBRID cars for executives / electric golf carts for customer service in the project.
    • Install electrical system for electric cars charging in customer’s home
    • Reduce the main power consumption
    • Reduce the cost eventually
    • Increase awareness of alternative energy consumption
    • Reduce emission and noise pollution
    GOAL 8.
    Decent Work Employment and Economic Growth
    Enhance the employment at fair to promote sustainable economic growth
    • Human resource development and human rights
    • Employee empowerment training
    • Employee training
    • Non- illegal employment or non-violate human rights.
    • Encourage employees to progress in their career
    • Promote effective, fair, and equitable employment and respect human rights
    GOAL 9.
    Industry, Innovation, and Infrastructure
    Promote the industrial infrastructure to create innovation and progress to sustainable industry
    • Innovation and quality management of product and services to satisfy customers
    • ”Breathable House” of innovative dust-filtered aeration system, AirPlus- Square to control good air quality in the home and the well-being of the residents
    • Smart Home or Home Automation System
    • Application I-Design
    • QR Code of home introduction system for living manual
    • Quality products and services are constantly developed to meet the needs of customers
    GOAL 11.
    Sustainable Cities and Communities
    Promote the cities and societies to expand in safe and sustainable way
    • Society and community engagement and development
    • Resource and environment management
    • Develop projects for better quality of living and create the quality environment for society and community
    • Build good relationship with the community
    • Participate in the creation of quality community and society
    • Develop products that meet the quality of life of residents of all ages
    GOAL 12.
    Responsible Consumption and Production
    Organization that responsible for the sustainable consumption and production
    • Worthily use of resources
    • Innovation and product development management
    • Reduce the use of plastics
    • Use of environmentally friendly materials and conserve environment
    • Reuse of treated water, paper
    • Waste sorting
    • Dust / noise reduction in the construction process
    • Comply with the regulations on environment
    • Reduce garbage and waste
    • Reduce emission and noise pollution

    The Company has identified significant sustainability issues regarding the economic, social, and environment by considering the impact on the organization and every group of all stakeholders. The assessment of such significant issues was conducted by the survey of all executives from all departments. The survey results were analyzed and prioritized the importance of the issues.

    Assessment Process of Significant Sustainability Issues

    IDENTIFICATION OF SIGNIFICANT ISSUES
    Use GRI (Global Reporting Initiative) International Standard Report framework to consider significant issues and impact on the stakeholders and business regarding the economic, social, and environmental dimensions along with risk factors and organization’s performance
    PRIORITIZATION
    Identify substantives and sequencing issues by measuring the importance of issues with opportunities and economic, social, and environmental impacts. Considering the importance of such issues to the organization and all stakeholders.
    VERIFICATION OF ISSUES
    Propose the prioritized significant issues to the Sustainability Committee to verify and submit to the Board of Directors for approval and implementation. This process is reviewed annually.

    As a result of the assessment, the Company categorized the significant issues and established sustainability operation plans in accordance with the strategy and business goals for 2021 which covered the aspect of economic, social, and environmental dimensions and all stakeholders as follows:

    Significant Sustainability Issues Scope of Involvement of Stakeholders Issues
    Employee Sector / Regulator
    Government
    Community Customer Partner Shareholder/Investor
    Economic Operation
    1. Economic growth
    • Economic Performance
    • Risk Management
    • Corporate Governance
    2. Innovation Management and Quality of Product and Services Development
    • Product Development
    Environmental Operation
    3. Resource and Environmental Management
    • Compliance with the Environmental Regulations
    • Energy Saving and Environmental Protection
    • Design and Use of Environmentally Friendly Resources
    Social Operation
    4. Human Resource and Human Rights Management
    • Equal and Fair Employment
    • Compensation and Welfare Management
    • Human Resource Development and Career Path Promotion
    5. Safety and Occupational Health
    • Safety, Occupational Health, and Working Environment (and the COVID-19 Pandemic Management)
    6. Quality of Life -Oriented Product Design
    • Innovation
    • Product Safety
    • After-Sale Service Satisfaction
    • Responsibility for Products and Services
    7. Social/Community Participation and Development
    • Customer Responsibility
    • Community and Social Activities