On the other hand, IRPC has also considered opportunities which might arise amid climate change in order to stimulate the world’s agenda on limit temperature rise no more than 2 ํC. considering the change of consumers’ behavior towards electric vehicles (EVs), we find that the shift in new vehicle purchase in responding to the government promotion of the EV manufacturing would result in an increase in sales of petrochemical products, such as Polypropylene Compound & Composite which are used to produce both interior and exterior automotive parts. Besides, to attain the needs of battery manufacturing, the supply of Acetylene will also be higher Thus, having considered the above business opportunities, IRPC potentially enjoy the financial benefits of 0.43% and 4% increase in the company’s 2030 EBITDA, respectively. Climate Scenarios From its risks and opportunities analysis, IRPC has determined what would hypothetically happen to its businesses under two different scenarios as follows: 1. STEPS (2.3 C) Scenario reflects current policy settings based on a sector-by-sector assessment of the specific policies that are in place, as well as those that have been announced by governments 2. NZE (1.5 C) Scenario sets out a narrow but achievable pathway for the global energy sector to achieve net zero CO2 emissions by 2050, by which limiting global temperature rise no more than 1.5 ํC is expected to achieve this net zero target. Our Responses to Climate-related Risks and Opportunities IRPC recognizes the importance of combating climate change by starting various organizational initiatives, like the Floating Solar Power project, Internal Carbon Pricing, and Carbon-Neutral project. IRPC is committed to developing products and organizing initiatives that reduce greenhouse gas emissions to combat climate change. Moreover, IRPC also applies the circular economy principle to our business operations by collaborating with partners to reuse industrial plastic waste in our production process, further reducing the needs for new materials. Scan this QR code for addition information on IRPC’s Climate- Related Risk responses, or visit the website: https://innovationcenter. irpc.co.th/ Implementation IRPC is proactively advancing our net-zero objectives through strategic ERA (Eco-operation and technology, Reshaping portfolio, Absorption and Offsetting) initiatives. These encompass innovative projects such as the development and implementation of cutting-edge technologies, the transformation of our portfolio to embrace sustainability, and targeted efforts in carbon absorption and offsetting. Eco-operation and Technology Eco-operation and technology 79.14% Development of projects related to industries with high energy consumption in the third quarter 1,219,488 Estimated energy savings in the year 2023 (kilojoules) 78,044 Carbon dioxide equivalent reduction (million tons) from projects related to industries with high energy consumption estimated by the end of 2066 134 Business-Driven Sustainability IRPC Public Company Limited
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