The significance of human rights and fair working conditions to the Group lies in its commitment to creating sustainable employment opportunities through projects, ensuring alignment with applicable labor standards, legal wage agreements, and the principle of providing living wages.
The Group recognizes the rights to association and collective bargaining, respecting and supporting human rights protection both domestically and in accordance with labor regulations in other jurisdictions. Given that the Group primarily employs local labor and operates in sectors with relatively high labor related risks, it also considers the potential for modern slavery to ensure the prevention of forced labor and human trafficking within the renewable energy sector and across its supply chain. This reflects the Group’s commitment to ethical and responsible business conduct. The UN Guiding Principles on Business and Human Rights (UNGPs) (soft law) have become increasingly influential as a foundation for national legislation that businesses must be aware of. In addition, jurisdictions where the Group operate may impose binding legal requirements (hard law) that must be complied with. Human rights risks in renewable energy projects may increase due to their direct connection to climate change issues. Although climate change obligations may not directly apply to the private sector, governments may impose requirements that hold companies accountable for reducing greenhouse gas emissions. Renewable energy projects may also have direct impacts on local communities, particularly regarding land acquisition or labor rights. Investments in wind or solar power plants may affect the rights of indigenous peoples, requiring companies to comply with national and international obligations.
Implementing comprehensive human rights due diligence provides a platform for continuous stakeholder engagement to address potential risks arising from business operations in local communities. Materials used in renewable energy projects may also pose specific challenges. Energy storage technologies such as batteries require minerals including lithium, nickel, and zinc. The extraction of these minerals is closely scrutinized due to potential impacts on labor rights and indigenous communities. In addition, the production of solar panels may expose workers to hazardous chemicals such as cadmium. Renewable energy businesses should carefully consider the sources of materials used, especially where trade control risks exist. They should also prioritize monitoring and evaluation of the organization’s human rights performance. Human rights due diligence (HRDD) in the downstream value chain also extend to the disposal of technologies that rely on these materials at the end of their lifecycle. Renewable energy projects may involve new suppliers or partners within the supply chain, whose activities may pose risks to the business. The Group’s recruitment policies and processes focus on promoting fair treatment of employees, suppliers, and contractors in accordance with relevant standards.
This includes monitoring working conditions with attention to safety, and supporting fair wages that contribute to quality of life. A responsible supply chain is also essential to long term business sustainability. To this end, the Group has established a Supplier Code of Conduct as a shared guideline for ethical practices.
The Group conducted comprehensive Human Rights Due Diligence (HRDD) across the entire value chain, guided by the “Protect–Respect–Remedy” framework. This process enabled the identification of 4 strategic human rights risk areas that may affect key stakeholder groups, as follows:
Risk context: Risks related to occupational health and safety, as well as the prevention of child labor and modern slavery in construction areas.
Business case: In commercial solar rooftop installation projects, failure to comply with safety measures may lead to severe accidents involving workers and contractors, directly affecting their rights to life and safe working conditions.
Mitigation & Corrective Measures:
Risk context: Environmental impacts from project operations (such as noise, dust, and odor) and the rights of local communities to participate in the process.
Business case: In 2024, the UPT Biomass Power Plant in Nakhon Ratchasima Province received community complaints regarding smoke and dust emissions from the exhaust stack, which potentially affected community health and daily life.
Mitigation & Corrective Measures:
Risk context: Risks of complicity or indirect involvement in human-rights violations through suppliers and contractors.
Business case: A global risk in the solar-energy industry relates to the use of forced labor involving Uyghur ethnic groups in the Xinjiang region for the production of polysilicon, a key raw material used in solar panels.
Mitigation & Corrective Measures:
Risk context: Safety in service usage and the protection of customers’ personal data (Data Privacy).
Business case: Risks related to the unauthorized use or disclosure of personal data or energy-usage information of business customers (such as Solar Rooftop projects), as well as accidents caused by non-standard system installation.
Mitigation & Corrective Measures:
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| Number of Employees | 2023 | 2024 | 2025 |
|---|---|---|---|
| Number of employees classified by gender (Unit: persons) | |||
| Total employees | 68 | 93 | 177 |
| Male employees | 34 | 52 | 111 |
| Female employees | 34 | 59 | 66 |
| Number of male employees classified by position (Unit: persons) | |||
| Senior management | 3 | 4 | 5 |
| Manager/Assistant Manager | 10 | 12 | 15 |
| Staff | 21 | 43 | 91 |
| Number of female employees classified by position (Unit: persons) | |||
| Senior management | 1 | 1 | 1 |
| Manager/Assistant Manager | 12 | 14 | 18 |
| Staff | 21 | 37 | 47 |
| Number of employees with disabilities or from disadvantaged groups (Unit: persons) | |||
| Employees with disabilities or from disadvantaged groups | 0 | 0 | 0 |
Note: The Group is not subject to requirements mandating the employment of persons with disabilities or disadvantaged individuals.
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| Number of resigned employees | 2023 | 2024 | 2025 |
|---|---|---|---|
| Number of voluntarily resigned employees by gender (Unit: persons) | |||
| Total voluntary resignations | 8 | 18 | 11 |
| Male employees | 2 | 11 | 7 |
| Female employees | 6 | 7 | 4 |
| Significant labor disputes | None | None | None |
The Group places importance on providing appropriate welfare benefits and supporting parental leave to uphold women’s human rights in motherhood and ensure fair employment in accordance with labor laws. The Group aims to foster a healthy physical and mental work environment, reducing employees’ concerns and stress during pregnancy and after childbirth. Accordingly, parental-leave benefits are provided to support this important period for employees’ families, recognizing it as part of children’s rights to receive proper care and breastfeeding during early infancy.
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| Employees eligible for parental leave | 2023 | 2024 | 2025 |
|---|---|---|---|
| Total employees eligible for parental leave | 42 | 56 | 66 |
|
0 | 0 | 30 |
|
42 | 56 | 66 |
| Employees who took parental leave | 0 | 0 | 3 |
|
0 | 0 | 2 |
|
0 | 0 | 1 |
| Employees who returned to work after parental leave and remained employed for 1 year | No employees took parental leave | No employees took parental leave | One-year retention data under collection |
|
No employees took parental leave | No employees took parental leave | One-year retention data under collection |
|
No employees took parental leave | No employees took parental leave | One-year retention data under collection |
The Group conducts labor-market benchmarking within the renewable-energy industry and related sectors to determine new compensation structures and annual salary adjustments based on performance evaluations. This approach helps strengthen employee motivation, maintain competitiveness in the labor market, and reduce voluntary turnover.
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| Employee Compensation | Unit | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total employee compensation | Baht | 42,232,163 | 65,940,000 | 125,702,560 |
|
Baht | 22,501,467 | 32,720,000 | 69,467,860 |
|
Baht | 19,730,695 | 33,220,000 | 56,234,700 |
Note: Excluding executives
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| Employees who are members of the provident fund | Unit | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total number of employees who are provident fund members | Person | 28 | 78 | 101 |
| Ratio of provident-fund members to total employees | % | 66.67% | 70.27% | 82% |
| Amount of money that the Group contributes to the provident fund | Mill. Baht | 2.22 | 3.82 | 3.252 |
| Employer contributions to the provident fund as a percentage of total employee compensation | % | 5% | 5% | 2.59% |
Note: Provident fund benefits are applicable to employees in Thailand only.
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| Incidents of Discrimination | Unit | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Number of discrimination incidents reported | Cases | 0 | 0 | 0 |
| Number of incidents confirmed by internal or external investigations | Incidents | 0 | 0 | 0 |
| Number of incidents currently under remediation process | Incidents | 0 | 0 | 0 |
The Group conducts regular reviews of its human‑rights policies, operational procedures, and related practices to ensure alignment with applicable laws, regulations, and evolving social conditions. These updates are communicated across the organization and to external stakeholders. The Group also reviews its human‑rights risk assessments to ensure that all stakeholder groups are covered and that no activities violate human rights, which could result in legal consequences.
The Group further supports and adheres to the Universal Declaration of Human Rights (UDHR), the United Nations Global Compact (UNGC), and the International Labour Organization (ILO) labor principles.