Climate Change

Net Zero Gas Emissions by 2050

Reduce GHG Emission Intensity* 40% by 2035

* Scope 1 and 2 compared to baseline 2023

Increase the Proportion of Electricity from Renewable Energy to 50% by 2030

Importance

The escalating severity of climate change, it impacts the business sectors to face major challenges such as potential disruptions to supply chain, increased operating costs, and reduced yields from the nature that affect commodity prices, the business operations with suppliers, consumer purchasing power, and health issues from pollutions due to greenhouse gas emissions and resource consumptions.

Nevertheless, climate change also presents opportunities for Central Retail to develop sustainable practices, such as integrating innovations into supply chains, advancing environmentally friendly products, and fostering stakeholder collaborations to ensure transitioning to low-carbon economy. These efforts are aligned with the Paris Agreement, the United Nations Framework Convention on Climate Change (UNFCCC COP), and Thailand's Climate Change Act, which is currently being drafted.

Central Retail recognizes the urgency and importance of addressing climate change and, in response, has established clear commitment to reduce greenhouse gas emissions on Scope 1 and Scope 2 per area by 40% in year 2035, with the long-term goal to achieve Net Zero by year 2050. These targets drive the creation of shared value and ensure long-term sustainable growth.

Management Approach

Climate Governance

Climate action requires a group-wide synergy and efforts from all levels within involving executives, management, and employees working across multiple business units, formats, and geographic locations. Therefore, climate governance becomes a critical enabler for Central Retail to address climate-related risks and leverage opportunities, demonstrating roles and responsibilities towards climate change to key stakeholders including investors, lenders, shareholders, and other interested parties.

Corporate Governance and Sustainability Committee^*	Oversees compliance with and promotion of sustainability material topics under the Environment, Social, and Governance (ESG) strategy framework, which covers climate change as one of key material topics Regularly gets reported and reviews climate-related issues for at least once per year Oversees progress against climate-related goals and targets, development and revisions of climate strategy, targets and action plans, implementation of measures to mitigate or enhance climate-related risks and opportunities
Risk Policy Committee (RPC)^**	Oversees effective enterprise risk management including ESG risks, which covers climate-related risks and opportunities Oversees integration of climate-related risks into the Central Retail’s enterprise risk management, management and assessment of climate-related risks
Executive Management	Chief Executive Officer (CEO) is currently a member of the Board of Directors and the Risk Policy Committee Manages business operations according to sustainability strategies, as well as integrates climate strategy, and climate-related goals and targets into overall business strategy Appoints responsibilities and implements effective climate strategy and climate-related risks and opportunities management
Environment Committee	Consists of executive-level management and key departments from business units to directly drive environmental actions, including climate change and decarbonization measures Responsible for reviewing annual climate targets, strategies and action plans, including management and analysis of greenhouse gases (GHG) emissions data Implements strategy and take actions to achieve climate goals, including mitigate climate-related risks and leverage opportunities Supervise continuous improvement of environmental operations in accordance with laws and other corporate commitments Regularly reports to the Corporate Governance and Sustainability Committee and the Board of Directors
Sustainable Development Working Team	Establishes sustainability strategy and integrates into overall business operations, which covers climate change Supports the Environment Committee in driving climate strategy and implementing action plans
Risk Management Working Team	Integrates climate-related risks into the Central Retail’s enterprise risk management Manages and assesses ESG risks, which covers climate-related risks

Remark:

* For additional details on the Corporate Governance and Sustainability Committee, please visit: Charter of the Corporate Governance and Sustainability Committee
** For additional details on the Risk Policy Committee, please visit: Charter of the Risk Policy Committee

Climate Change Management Framework

Central Retail drives its environmental and climate actions through the “ReNEW” Strategy for Retail and Wholesale for All, which provides the overarching framework for integrating environmental considerations into the Company’s operations and value chain.

Building on the ReNEW Strategy, Central Retail has developed its Decarbonization Pathway to translate these strategic focus areas into actionable interventions across its business units. The pathway prioritizes renewable energy expansion, energy performance and optimization, smart energy systems, low-carbon logistics and mobility, sustainable materials and packaging, inventory optimization, and waste reduction and segregation, based on their applicability and potential contribution to greenhouse gas emission reductions.

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Climate Report

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ReNEW Strategy

Project Highlights

Solar Panel Installation for Malls and Distribution Centers

Central Retail is committed to driving the use of renewable energy and promoting sustainable, environmentally friendly business operations by installing solar panel on the roofs of shopping malls and distribution centers to help reduce greenhouse gas emissions and increase energy efficiency. In 2025, Central Retail continuously expand the use of renewable energy from solar cells, covering a total of 184 locations. In Thailand, solar cell systems were installed at 152 locations, covering business units including Robinson Lifestyle, Central Department Store, Robinson Department Store, Tops Supermarket, GO Wholesale, Thaiwatsadu, and distribution centers. In Vietnam, solar cell systems were installed at 32 locations, covering business units including GO!, mini go! Supermarket, and Lanchi Mart. As a result, Central Retail was able to produce up to 204,818 megawatt-hours of clean electricity. These operations helped reduce greenhouse gas emissions by 102,389 tCO₂e and saved over 647 million Baht in energy costs per year.

Sustainable Transportation and Logistics

Central Retail promotes the use of clean energy electric vehicles in its logistics system to support the reduction of greenhouse gas emissions and elevate sustainable transportation by utilizing a total of 50 electric trucks, covering Central Department Store distribution centers, Tops distribution centers, and Thaiwatsadu distribution centers, along with 94 electric motorcycles and electric tricycles for distributing products from GO Wholesale centers to customers. By transitioning to electric vehicles across various units, Central Retail can reduce diesel consumption by 1,023,209 liters per year and reduce greenhouse gas emissions by up to 2,706 tCO₂e . Additionally, Central Retail has expanded the use of electric vehicles in Robinson Lifestyle shopping centers by utilizing electric motorcycles for security patrols and traffic facilitation, as well as using electric passenger vehicles (golf carts) for customer service in parking lots. Alongside this, Central Retail supports the use of electric vehicles by employees and customers through the installation of EV Charging Stations across shopping centers and department stores in both Thailand and Vietnam. In 2025, Central Retail had a total of 69 EV charging stations, which can accommodate the simultaneous charging of 458 electric vehicles. These projects reflect Central Retail's commitment to supporting the use of clean energy, reducing pollution and greenhouse gas emissions, and driving sustainable travel to meet future trends and environmentally friendly lifestyles.

Performance Summary 2025

GHG Emissions

Scope 1 (tonnes CO₂e)

Scope 2 (Location-Based / Market-Based) (tonnes CO₂e)

Scope 3 (tonnes CO₂e)

GHG Emissions Intensity (Scope 1 and 2) (tonnes CO₂e/Baht)

2.54 x 10^-6

Remark:

Data coverage covers the business operations in Thailand Vietnam and Italy.
Scope 3 Emissions Include:
1. Indirect Greenhouse Gas Emissions from Purchased goods and services. (Purchased goods Own-brand, Packaging materials, and Water usage)
2. Indirect Greenhouse Gas Emissions from Fuel and energy related activities.
3. Indirect Greenhouse Gas Emissions from Upstream transportation and distribution.
4. Indirect Greenhouse Gas Emissions from Waste generated in operations.
5. Indirect Greenhouse Gas Emissions from Business travel.
6. Indirect Greenhouse Gas Emissions from Employee commuting.
7. Indirect Greenhouse Gas Emissions from Downstream transportation and distribution.
8. Indirect Greenhouse Gas Emissions from Leased assets.
2025 Target include
1. Total direct GHG emissions (Scope 1) 112,431 Tonnes CO₂e
2. Total Indirect Greenhouse Gas Emissions (Scope 2) 548,582 Tonnes CO₂e
3. Indirect Greenhouse Gas Emissions (Scope 3) 7,000,000 Tonnes CO₂e

Energy Efficiency and Renewable Energy

Our Stories

Central Retail’s Participation in the UNDP SDG and EV Climate Credit Program