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TOA Wins ASEAN Governance Award for Third Year
TOA Wins ASEAN Governance Award for Third Year

Bangkok Post

time2 days ago

  • Business
  • Bangkok Post

TOA Wins ASEAN Governance Award for Third Year

TOA Paint (Thailand) Public Company Limited (TOA), Thailand's leading decorative paint brand and a prominent provider of environmentally friendly construction chemicals and building materials, has once again been recognised with the prestigious 'ASEAN Asset Class PLCs' award based on the 2024 ASEAN Corporate Governance Scorecard (ACGS) assessment. This marks the third consecutive year that TOA has earned this distinction, solidifying its standing among the 74 Thai listed companies recognised in the 2024 cohort. The award ceremony was held in Kuala Lumpur, Malaysia, under the auspices of the ASEAN Capital Markets Forum (ACMF) and the Asian Development Bank (ADB). The 'ASEAN Asset Class PLCs' award is reserved for companies scoring 97.50 or higher on the ACGS, which evaluates listed firms across six ASEAN countries: Thailand, Malaysia, Singapore, the Philippines, Indonesia, and Vietnam. The initiative aims to elevate corporate governance standards across the region, enhance transparency and accountability, and align ASEAN markets with international benchmarks recognised by global investors. It also supports deeper regional integration under the ASEAN Economic Community (AEC). TOA continues to set the benchmark as a model organisation in ASEAN, reflecting its steadfast commitment to good governance, corporate responsibility, and long-term stakeholder value. The company's repeated recognition underscores its strategic focus on sustainable development and ESG-driven operations.

TOA Earns Sixth CFO Certification for Sustainability
TOA Earns Sixth CFO Certification for Sustainability

Bangkok Post

time18-07-2025

  • Business
  • Bangkok Post

TOA Earns Sixth CFO Certification for Sustainability

TOA Paint (Thailand) Public Company Limited, or TOA, continues its journey towards becoming a Net Zero organisation. Most recently, the company received its 'Carbon Footprint for Organization (CFO)' certification for the sixth consecutive year. The certificate was presented to Ms Wipada Nakpairat, Vice President, SHE & Quality Management and Sustainability Division, from Dr. Wijarn Simachaya, Chairman of the Board of Directors of the Thailand Greenhouse Gas Management Organization (TGO), with Dr. Natarika Wayuparb Nitiphon, Deputy Executive Director of TGO, also in attendance at the Thailand Institute of Justice (TIJ). This achievement reaffirms TOA's commitment to its 'Green Mission' policy, advancing its transformation into a truly sustainable green organisation. The company's efforts span the entire value chain, covering upstream and downstream processes, with a focus on all stakeholders and on reducing both direct and indirect greenhouse gas emissions. These include improvements in production, energy usage, transportation, waste management, and the development of eco-friendly products. To date, TOA has received the Global Warming Reduction Label (CFR) for 133 products and Carbon Footprint of Product (CFP) certification for 320 products – making it the manufacturer of certified low-carbon products in Thailand's paint and building materials market. TOA is driving its Green Mission policy through seven key strategies aimed at achieving Net Zero organisational greenhouse gas emissions by 2050. Two core strategies are already yielding significant results: Green Production – improving energy and fuel efficiency in vehicles and reducing refrigerant leakage. Green Energy – increasing the use of renewable energy, decreasing reliance on fossil fuels, and minimizing long-term environmental impacts. The consistent CFO recognition highlights TOA's responsible business practices and environmental leadership. It also enhances stakeholder confidence in the company's ability to protect homes, preserve the environment, and build a sustainable future.

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