Environmental
Challenges and Opportunities
The Company recognizes that climate change, increased resource consumption, and waste generation from economic activity pose significant long-term risks to the automotive and mobility sectors. In response, the Company places strong emphasis on managing environmental risks and opportunities through proactive adaptation, operational efficiency enhancements, and the adoption of environmentally friendly technologies. These efforts help create sustainable value, reduce environmental impact costs, and strengthen competitiveness in an evolving market landscape.
The Company views environmental challenges as opportunities to transition toward a low-carbon future. This includes aligning with global sustainability standards, responding to increasing environmental expectations from automotive manufacturers and partners, and embracing the Circular Economy concept to reduce resource consumption, minimize waste, and enhance material recovery—particularly across service centers and warehouses. The Company will continue collaborating with automotive manufacturers, suppliers, and customers to enable a truly green operating ecosystem.
To this end, the Company has established both short- and long-term sustainability targets, focusing on five key areas:
All executives, board members, and employees share responsibility for driving the Company’s sustainability initiatives toward achieving these goals.
The Company has also defined clear roles for the Board of Directors and senior management (C-Level) in supervising environmental and climate-related matters to ensure that ESG considerations are fully embedded into corporate strategy.
A Group-wide climate risk and opportunity assessment is conducted through both a bottom-up operational risk assessment and a top-down strategic evaluation by relevant committees, enabling the identification of current and emerging risks affecting business operations.
Climate Change Management

Climate change and environmental pressures continue to intensify, affecting the automotive and mobility industries, which involve high energy consumption and generate both direct and indirect greenhouse gas emissions. The Company acknowledges these challenges and is committed to responsible environmental stewardship while maintaining stable business growth. Accordingly, the Company has established a comprehensive policy and strategic framework for energy management and greenhouse gas reduction across all operations. This includes the promotion of clean-energy automotive technologies and environmentally friendly services to support customers in transitioning toward a low-carbon future. Resource management follows key principles such as continuous reduction in electricity and water consumption, effective waste management aligned with the 3Rs, and the adoption of environmental technologies and solutions across facilities. These efforts align with the Supporting the Sustainable Development Goals (SDGs) and Thailand’s national greenhouse gas reduction roadmap, supporting the transition to a low-carbon society both domestically and globally.
Target
MGC Group is committed to conducting its business sustainably by prioritizing the reduction of greenhouse gas emissions from organizational operations and activities throughout the value chain, while supporting long-term business growth. Accordingly, the Group has established policies and measures for energy management and climate change mitigation to reflect its commitment to operating in accordance with Environmental, Social, and Governance (ESG) principles. The Group also contributes to supporting climate-related goals aimed at reducing the long-term impacts of climate change.
To ensure clear direction and measurable outcomes, the Company has achieving Net Zero greenhouse gas emissions by set energy management and climate change targets, comprising both short-term target for 2025 and five-year for 2026-2030. These targets serve as a framework to guide the organization toward sustainable growth.
The Company firmly believes that collaboration across all internal and external stakeholders is essential to advancing toward a low-carbon future grounded in responsibility, transparency, and sustainability. This commitment is reinforced through a set of measurable short, medium, and long-term targets, as follows:
| Target | Target Action Plan |
|---|---|
| Short-term Target (2025) | Reduce Scope 1 and Scope 2 greenhouse gas (GHG) emissionsby 3% compared to the 2022 baseline year. |
| 5-Year Long-term Target (2026–2030) |
|
Performance
Total GHG Emissions 2024
Unit: tCO2e
| Total GHG Emissions | 2022 | 2023 | 2024 |
|---|---|---|---|
| Total GHG Emissions (tCO2e) | 6,030.00 | N/A | 6,152.33 |
| Direct Emissions (Scope 1) | 1,918.00 | N/A | 1,707.32 |
| Indirect Emissions from Imported Energy (Scope 2) | 2,288.00 | N/A | 2,049.09 |
| Indirect GHG emissions from transportation (Scope 3) | 1,824.00 | N/A | 1,665.39 |
| Indirect GHG emissions from products used by organization (Scope 3) | N/A | N/A | 730.53 |
Energy Management

Electricity is a critical resource for the Company’s operations across showrooms, service centers, and office facilities. Recognizing the impact of energy consumption on climate change, the Company implements energy management in accordance with its Energy Conservation Policy, alongside assessing both direct and indirect risks and impacts related to energy use. The Company also promotes active participation from employees at all levels to enhance energy efficiency and support the achievement of its sustainability targets.
Target
Reduce electricity consumption by

Energy Efficiency Measures
- In 2024, the Company established an Energy Conservation Policy to guide electricity management and promote optimal and efficient energy use. As part of this initiative, the Company launched the "Be Healthy & Save Energy" campaign encouraging employees to use the stairs instead of elevators.
- Developed and implemented a preventive maintenance plan for electrical equipment to minimize energy loss.
- Automatic scheduling for air-conditioning shutdown between 12:00-13:00 hrs. and at 17:30 hrs.
- Turning off lights during lunch hours; operating only essential lighting
Performance
In 2024, the Company’s total electricity consumption amounted to
representing a 1.80% reduction compared to the previous year.
| 2023 | 2024 | 2025 Target | |
|---|---|---|---|
| Total Energy Use (kWh) | 4,981,030.00 | 4,891,452.00 | ≤4,744,708.44 |
| Growth Rate (%) | N/A | -1.80% | - |
| Renewable Energy Use | N/A | N/A | - |
| Growth Rate (%) | N/A | N/A | - |
Water Management

The Company recognizes the climate-related risks that may affect water resource security, particularly in Thailand, where both drought and flooding pose significant challenges. Therefore, the Company places strong emphasis on efficient water use across all facilities, including showrooms, service centers, offices, and internal operational activities.
Target
Reduce water consumption by

Water Efficiency Measures
- In 2024, the Company implemented a continuous maintenance plan for plumbing and water-related systems to reduce the risk of equipment failure and enhance overall water-use efficiency.
- Installed water-saving devices in office areas, including replacing traditional faucets with automatic systems to minimize unnecessary water usage.
- Monitored and controlled wastewater quality to ensure compliance with legal standards, thereby preventing environmental and community impacts.
Performance
In 2024, the Company’s total water consumption amounted to
representing a 15% reduction compared to the previous year.
| 2023 | 2024 | 2025 Target | |
|---|---|---|---|
| Water Use (m3) | 64,716.00 | 55,229.00 | ≤49,706 |
| Growth Rate (%) | N/A | -14.66% | - |
Waste Management

The Company places significant importance on managing waste generated from its automotive business operations, including service centers, maintenance activities, and internal corporate functions. Recognizing that improper waste management can adversely affect the environment and the health of surrounding communities, the Company implements systematic management practices for both hazardous and non-hazardous waste, including source-level waste segregation, to support its sustainability objectives.
Targets
Ensure
Reduce non-hazardous waste by

Waste Management Measures
- Properly manage waste generated from service centers—such as used engine oil, batteries, paint, and chemicals—by transferring it to licensed waste disposal contractors to ensure safe and lawful handling.
- Segregate waste and recyclable materials at the source and promote the reuse of materials, such as packaging recycling.
- Control noise levels within operational areas to minimize impacts on nearby communities, including regular monitoring and assessments.
- Promote environmental awareness and responsible behavior among employees and suppliers to improve waste management standards throughout the value chain.
Performance
In 2024, the Company reduced non-hazardous waste to
representing an 8.29% decrease compared to the previous year. Hazardous and regulated waste was managed 100% in compliance with applicable laws.
MGC remains committed to continuously improving its waste management practices to reduce environmental pollution and promote sustainable, socially and environmentally responsible business growth.
| 2023 | 2024 | 2025 Target | |
|---|---|---|---|
| Non-hazardous Waste (kg) | 85,600 | 78,500 | ≤76,145 |
| Growth Rate (%) | N/A | -8.29% | - |
Note: Excluding waste and residues generated from activities for which the Company is not responsible for the associated disposal costs.
Air Quality Management

The Company recognizes that various activities across its operations—including service and maintenance processes, energy consumption, waste generation, and the transportation of vehicles to customers may contribute to air pollution. Accordingly, the Company places strong emphasis on maintaining high air quality standards within its showrooms and service centers, as well as in the surrounding areas of its facilities, to safeguard the health and well-being of customers, employees, and nearby communities. The Company has therefore implemented air quality control measures and conducts regular monitoring to ensure full compliance with applicable laws and regulatory requirements, including those related to particulate emissions from vehicle maintenance activities.
Target
Conduct environmental quality assessments in accordance with the standards prescribed by the Ministry of Industry and other relevant regulatory authorities.
Performance
In 2024,
all Company facilities achieved
compliance with the required annual environmental quality assessment standards.

Note: Source of environmental, occupational health, and workplace safety analysis reports: V.C. Technology Co., Ltd.
