Contributions to External Organizations and Associations
Highlight Performance
Contributions to External Organizations and Associations
Engaging with That Which is Larger than Ourselves
Osotspa is politically neutral and has specific policies and procedures that cover political contributions. As stated clearly in the Code of Conduct and Anti-Corruption Guidelines, which can be found in the Corporate Governance section of this report, the Company does not provide financial support, make donations, or participate in political parties, including any activities that may give the perception that the Group is involved with or supports the activities of political parties. In 2023, no contributions were made to support political campaigns or any political organization.
Performance Highlights
Osotspa believes that the business sector could contribute tremendously to sustainability advancement in the industry through its participation in regulatory advocacy, which in turn can enhance Thailand’s competitive edge in the international market. Supporting the development of policies, laws, and regulations with an emphasis on sustainability is a social responsibility that the Company proudly commits to. We actively engage with various industries and trade associations to foster sustainable and transparent development. Osotspa also supports activities as a member of the organizations and external associations listed below.
Contributions to External Organizations and Associations (Baht)
| Contributions to External Organizations and Associations (Baht) Trade associations or tax-exempt groups | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|
Federation of Thai Industries (FTI)
|
39,590
|
39,590
|
32,100
|
32,100
|
| Efficient Consumer Response (ECR) Thailand | 10,700 | 10,700 | 10,700 | 10,700 |
| Thai Beverage Industry Association (TBA) | 74,900 | 74,900 | 74,900 | 74,900 |
| Energy Drink Manufacturers Association (EDMA) | 160,000 | 160,000 | 160,000 | 160,000 |
| Thai Cosmetic Manufacturers Association (TCMA) | 1,500 | 1,500 | 1,500 | 1,500 |
| Herbal Products Association (HPA) | 1,500 | 1,500 | 1,500 | 1,500 |
| Dairy and Foods Industry Association (DFIA) | 5,000 | 5,000 | 5,000 | 5,000 |
| Thai Chamber of Commerce (TCC) | 21,400 | 21,400 | 21,400 | 21,400 |
| Regulatory Affairs Pharmacy Association of Thailand (RAPAT) | - | - | 2,000 | 3,500 |
| UNGC | - | - | - | 152,125 |
| The Quality Brands Protection Committee of China Association of Enterprises with Foreign Investment (QBPC) | - | - | - | 99,000 |
| สภาผู้ส่งสินค้าทางเรือแห่งประเทศไทย (TNSC) | - | - | - | 21,400 |
| อุตสาหกรรมพัฒนามูลนิธิ สาขา สถาบันอาหาร (NFI) | - | - | - | 1,711 |
Through our active engagement in the above-mentioned associations, Osotspa works hand-in-hand with other industry members to foster awareness of the trends and needs of consumers.
Consumer Health & Well-being
- TBA & EDMA
By participating in both the Thai Beverage Industry Association (TBA) and the Energy Drink Manufacturers Association (EDMA), the Company works closely with other non-alcoholic beverage and energy drink manufacturers, companies with allied interests in relevant industries, and government agencies and related private organizations under various umbrellas. Apart from promoting industry growth, we, as a whole, are also determined to improve consumer health and well-being. Common goals included reduction of sugar and sodium added and shifting what we offer towards being more nutritious and beneficial products for consumers.
Sustainable Packaging
- TIPMSE
The Thailand Institute of Packaging & Recycling Management for Sustainable Environment (TIPMSE) was established with an aim to promote at-source segregation of used packaging in order to reduce the amount of used packaging in waste across the country. The company’s contributions aim to enhance the appropriate management systems of post-consumer packaging and recycled materials. The participation of Osotspa in the take-back program under the concept of Extended Producer Responsibility (EPR) is supporting the development of the accuracy of Thailand’s database. We believe the database will provide fundamental input to design the mitigations of the country’s sustainable waste management, in accordance with the national BCG Model Action Plan 2021-2027.
Climate Action
- Thailand Greenhouse Gas Management Organization (Public Organization) or TGO
To better understand the guidelines and standards for GHG management in Thailand, which include GHG accounting, carbon pricing mechanisms, project guidelines for GHG emission reduction, carbon credits offset, and the use of economic tools to mitigate the effects of climate change, such as Carbon Pricing, Carbon Taxation, and Carbon Border Adjustment Mechanism (CBAM), among others, Osotspa has participated in key activities and received valuable input from associated organizations, and plans to be a member of the Thailand Carbon Neutral Network (TCNN) in 2023