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Climate Change Strategy

At Thong Guan, we recognize that climate change is one of the most compelling risks that we are facing today, with impacts on the environment, which in turn, affect businesses, our economies and our livelihoods. We commit to take action and has formulate the below strategies to focusing on climate change issues.
Process/Product Efficiency
  • Upstream & Downstream Integration
  • Climate Innovation
  • Increase in the use of post-consumer recycled materials (10% of PCR resins in product output)
  • 10% reduction in Scope 1 & 2 GHG intensity footprint by 2025
Natural Resources
  • Recycled Raw Materials
  • Renewable and Low Carbon Energy
  • Low Carbon Products
  • Water and Wastewater Management
  • Reduction in the use of virgin raw materials
  • Renewable electricity consumption: 10% by 2025 and 20% by 2035
  • 10% reduction in water intensity by 2025
  • Focus on products’ low carbon features, for example, removing paper core (coreless), downgauging with consistent film’s quality.
Climate Change Resilience
  • Water Risk Analysis*
  • TCFD (Task Force on Climate-related Financial Disclosure) Framework^
  • Extended Producer Responsibility (EPR)
  • Address climate-related risks
  • Integrating ESG into business decisions
  • Support implementation of EPR in plastic packaging industry
Circular Economy
  • Waste Management
  • Sustainable Supply Chain
  • Responsible Consumption
  • Engagement with Stakeholders
  • Reduce, Redo, Reuse (Live Green)
  • Reduction in the consumption of natural resources
  • Reduction in production waste (zero internal plastic production waste by 2023)
  • Recycling education
  • Life Cycle Assessment

* Despite we are not in water intensive industry but we recognise water as precious natural resource and importance of efficient water management to climate change. We are in the midst of reviewing our water risk analysis and expect to formulate a structured water management plan in 2023.

^ We recognise the importance of governance as a foundation of corporate climate disclosure and support climate-related disclosure in accordance with TCFD. We target the adoption of TCFD framework latest by 2025.