Setting Sustainable Goals for the Future: CR3’s commitment to environmental and social governance
Environmental and Social Governance (ESG) is changing the business landscape like never before and the timing could not be more appropriate. With July 2022 being the hottest month ever recorded, the urgency to find sustainable alternatives, and reduce our impact on the environment has never been more pressing. Sustainability and ESG is a top priority for CR3. We want to be a company that people can rely on, not only for high-quality products and services, but also for environmental stewardship.
CR3 is committed to reducing our carbon emissions by 50% by 2030 and being carbon neutral by 2050. We are actively working towards these goals through a multi-pronged internal strategy as well as an external approach that includes engagement with government and non-governmental organisations and the customers with whom we choose to work.
Our internal strategy includes:
Initiative We are conscientious in regularly assessing our processes and facilities for environmental compliance. The recent Green House Gas (GHG) assessment was an excellent way to identify where we can make improvements to reduce our emissions. We are committed to making the changes highlighted by such assessments. This commitment was recognised by the Department of Industrial Works (DIW) of Thailand, which awarded us a Green Industry Level 4 (Green Culture) certification.
Improvement Based on the results of these assessments, we are making changes such as installing solar panels at several of our sites and switching to refrigerants with a lower global warming potential. Any new equipment purchased is being reviewed to ensure that they are powered by electricity or by clean and efficient engines. These improvements help us reduce our reliance on fossil fuels in favour of renewable energy sources.
Innovation We take proactive measures to reduce our carbon footprint such as eliminating the use of single use plastics across the Group. Our most recent innovation is the use of biodegradable ties and shrink-wrapping. These ties and shrink-wrap, made of corn-starch or sugar-based ‘plastic,’ are a small but essential component for equipment and pallet shipping. They degrade in 6 – 36 months, as opposed to conventional ties and shrink wrapping, which can take hundreds of years to break down.
Our internal strategy includes:
Initiative We look to work with like-minded suppliers to ensure they are taking steps to reduce their impact on the environment.
Interconnection We are committed to supporting companies engaged in sustainable and clean energy initiatives. Several of our innovations and energy engineering solutions, including robotic tank cleaning, drone inspections, rotary services, and waste management, can assist clients in becoming more energy efficient and environmentally compliant.
Increase We are actively developing a renewable energy business from which we intend to grow to 20% of Group revenues by the end of 2027. This will involve CR3 adding more clean energy customers who are producing energy from renewable sources like wind, solar, biomass, geothermal, and tidal and exploring alternate entry strategies through partnering with existing players with complementary experience and acquisition.
As an organisation we are committed to being good stewards of the planet and its resources. We believe that businesses are responsible for giving back to the communities in which they operate, and we are proud to support numerous local initiatives through our corporate social responsibility program. From funding dental programs for lower-income children to supporting local schools, we are dedicated to making a positive impact in the communities where we do business.
At CR3 we will continue to work collaboratively with all stakeholders, including customers, suppliers, partners, and staff, to deliver a fair, safe, and sustainable future. Together, we can make a difference.