MESSAGE FROM
As we enter the 37th year of the Sri Trang Group, we remain committed to continuously developing and expanding our comprehensive rubber business. With the vision of “The Green Rubber Company,” we aim to be a fully integrated rubber business based on transparency, producing highquality products and services through environmentally friendly processes. We also emphasize community and social development, alongside engaging with stakeholders throughout the business value chain.
Key Achievements in 2024 “Sustainable Intelligence”
In 2024 was a significant year for Sri Trang Group as we experienced robust growth amidst the recovery of the natural rubber industry. The softening impact of El Niño led to more stable weather conditions that resulted in a more stable natural rubber supply before the transition to La Niña towards the end of the year. The recovering demand from the tire manufacturing sector helped drive rubber prices up by nearly 30% from the previous year and had a clear positive impact on the Company’s financial performance, with a full-year total revenue of THB 114,374 million, increasing by 35.8%, with a net profit of THB 1,670 million, demonstrating robust growth. Sales volume for natural rubber reached 1.4 million tons, an 8.3% increase over the previous year. At the same time, rubber glove sales hit a record of 38,549 million pieces, marking a 22.8% growth. And this year, the company has successfully established a new factory in the Ivory Coast. This marks another significant milestone reflecting the company’s commitment to enhancing global production capabilities to meet the continuously increasing market demand. Additionally, the company has successfully sold and delivered EUDR-compliant rubber, adhering to the European Union’s Deforestation-Free Products Regulation (EUDR). This achievement adds value to the products and maintains competitiveness in a market that prioritizes supply chain sustainability.
Due to the efficient structure and management in corporate governance, environmental management, and social responsibility, the company has made remarkable progress in various areas this year. This includes receiving awards and participating in numerous sustainability assessments, covering three dimensions: governance, environment, and society, both nationally and internationally.
Internationally:
- The company was invited to participate in the sustainability performance assessment by S&P Global in the Auto Components industry group, scoring 56 points across 24 indicators.
- Received the EcoVadis Sustainability Rating at the “Gold” level.
- Recognized for significant performance improvement in the SPOTT (Sustainability Policy Transparency Toolkit) assessment, developed by the Zoological Society of London (ZSL), with a score of 53.1%.
Nationally:
- Achieved the highest level of AAA in the SET ESG Ratings for 2024, for the second consecutive year.
- Awarded the SET Awards 2024 in the Sustainability Excellence : Highly Commended Sustainability Awards by the Stock Exchange of Thailand.
- Received the CAC Change Agent Award 2024 from the Thai Private Sector Collective Action Against Corruption (CAC) for the second consecutive year, reinforcing the company’s commitment to good governance and creating a transparent, corruption-free business network.
- Recognized as a leading organization in greenhouse gas management for 2024, receiving the “Outstanding” Climate Action Leading Organization (CALO) award from the Ministry of Natural Resources and Environment and the Thailand Greenhouse Gas Management Organization (Public Organization).
Chairman
MESSAGE FROM THE
Leader of the Green Rubber Organization
The company has set three main short-term, medium-term, and long-term goals, which will lead to effective and concrete management planning as follows:
- Reduce greenhouse gas emissions per unit of product by 10% compared to the base year of 2021 by 2026.
- Achieve carbon neutrality by 2030 and net zero greenhouse gas emissions by 2050, using 2024 as the base year.
Employ three strategies for success:
- Enhance energy efficiency and renewable energy usage.
- Transition to low carbon technologies, such as installing solar power generation systems and improving wastewater treatment systems to reduce greenhouse gas emissions.
- Capture or sequester greenhouse gases through rubber plantations, economic forests, and reforestation. Sri Trang Rubber and Plantation, the upstream business of the group, has registered the sequestration and reduction of greenhouse gas emissions from rubber and teak plantations in the Voluntary Emission Reduction Program (Standard T-VER) with the Thailand Greenhouse Gas Management Organization (Public Organization). This allows the company to offset greenhouse gas emissions from business operations with carbon credits from the project and provides an opportunity to generate revenue from selling the company’s carbon credits.
In 2024, the company successfully installed Solar Floating systems at the Thung Song, Sikao, and Udon Thani branches, totaling 5.72 megawatts, and at the Loei, Sa Kaeo, Buriram, and Bueng Kan branches, totaling 13.46 megawatts. This installation enables the production of approximately 8,533,219.75 kilowatts of electricity per year for manufacturing purposes. It is expected to reduce carbon dioxide emissions by 4,256.76 tons of CO2 equivalent per year. Additionally, the company achieved its goal of reducing total greenhouse gas emissions (Scope 1 and 2) per unit of product by 12.06% compared to the base year of 2021.
Beyond these outstanding sustainability achievements, the company is also driving change in multiple dimensions, particularly in artificial intelligence (AI) technology. Since 2023, the company has established a dedicated AI department to oversee and develop AI initiatives. The company continues to advance knowledge across the organization and expand AI applications at the operational level to enhance efficiency in all organizational processes.
In 2025: Traceability
In 2025 marks a significant milestone for the Sri Trang Group as we embark on a new and grand chapter. Meet the increasing global market demand, alongside sustainable development. Our focus is on fully leveraging the potential and resources we have built, including the utilization of artificial intelligence (AI) technology to create transparency and sustainability in the supply chain through traceability systems. This will drive the organization and elevate the business to align with international standards, enhancing our competitive advantage and fostering sustainable growth together.
One Sri Trang: Moving Towards a Sustainable Future
Sri Trang Group today is powered by a harmonious blend of two generations, our pioneering team that laid a solid foundation and a new generation that brings innovation and creativity to drive transformation. Together, we are shaping the future and becoming a true game changer in the rubber industry.
Our success today is the result of the collaboration between our employees, business partners, and all stakeholders.
Thank you all for your trust in the company. The Sri Trang Group will continue to strive for business development under the framework of good corporate governance, considering the environmental and social impacts, which will lead to stable and sustainable growth. Thank you.
Executive Director
Sustainable Social Responsibility Management
Strategies for driving business towards sustainability
The Company has established operational guidelines in each area to support the Company’s 4 GREEN strategy and the United Nations Sustainable Development Goals (UN SDGs)
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