Delta Electronics Thailand : Sustainable Development Report 2023

A Better Tomorrow

2023 | Sustainable Development Report

Delta Electronics (Thailand) Public Company Limited

Symbol:	DELTA
Listed:	The Stock Exchange of Thailand
Industry:	Technology
Sector:	Electronic Components
Type of operation:	Manufacturing for export and technology solution provider.
Registered capital:	THB 1,259,000,000 shared at par value of Baht 1
Paid up capital:	THB 1,247,381,614 shares at par value of Baht 1
	(As of 13 February 2023)
Proportion of free float	22.36%(as of March 1, 2023)
Thai CAC status:	Certified member
Publication year:	2023
Report type:	GRI Standards
Adherence level:	In accordance - Core
Report period:	1 Jan - 31 Dec 2022
Report cycle:	Annually in June
Language:	English and Thai
Number of pages:	165 (including complementary parts and GRI content index)
Headquarter:	909 Soi 9 Moo 4 Pattana 1 Rd., Bangpoo Industrial Estate
	(EPZ.) T. Praksa A. Muangsamutprakarn Samutprakarn,
	THAILAND 10280
Website:	www.deltathailand.co.th
Audited Financial statement:	https://deltathailand.com/en/financial.2022.1

DELTA ELECTRONICS THAILAND PCL | SUSTAINABLE DEVELOPMENT REPORT

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MISSION

To Provide innovative, clean and energy-efficient solutions

for a better tomorrow.

CONTENT

	Foreword					Corporate				Eco-Friendly					Better			About this report	145
	(President's					Governance				Operation					together			The calculations	146
	Message)
	6					33				43					92			External assurance	149
														GRI content index	150
	2022 at glance	03		Board competence	34		Tackle with climate	45		Our colleagues	94	and key initiatives
	Forewords by the	06		Sub-committee	37		change			Communities	125	mapping
	President			Ethics as our norm	40		Design for less footprint	47
	This is Delta	08						Responsible supply chain	56
	Sustainable Development							A greener process	68
	Path to sustainability	17
	The matters	18
	Our Commitment	23
	SD organization	25
	The risks	26

Reporting standard

This report has been prepared in accordance with the GRI Standards: Core Option in both English and Thai. All the information in General Disclosure The material issues of this report has been selected as per the Company's stakeholders' feedback via our on-line questionnaire published on https://goo.gl/HKsqeV , stakeholder engagement log collected by our domain experts, face-to-face random interviews, emerging risk and issues consideration, social media log and media stakeholders' analysis. The Company bases on Global Reporting Initiative's GRI Standards, Dow Jones Sustainability Index, SET Sustainability Awards frameworks, stakeholder interests and emerging issues to identify the questionnaire's aspects per sustainability context, data collection as well as the report implementation.

The report qualitative and quantitative contents can be obviously indicated with the GRI Content Index which is shown on the final page after table of Company's performance. In addition, to boost up both internal and stakeholder participation, Delta adds the linkage of this report to related sustainable business practices into its GRI content table. Delta has engaged Lloyd's Register, an independent third party, to provide external assurance for selected environmental and social indicators and ensure the accuracy and reliability of the data reported herein.

DELTA ELECTRONICS THAILAND PCL | SUSTAINABLE DEVELOPMENT REPORT

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Contact Sustainable Development Committee: [e-mail]

2022

At Glance

Proportion of Green Revenue to total revenue

(Billion Baht)

150			27%	118.6
120	17%	15%	23%
	84.2		20%
90	52.0	63.2
60

30			61.3	91.3
43.3	53.7
0				-10%
	2019	2020	2021	2022
		Green revenue
		High Efficiency ODM product

GHG intensity 2017 - 2022

Thailand/India/Slovakia (tons CO2e/M USD)

	Our Colleages (FTE)
25,000				143
20,000			-
15,000		-
-		15,241
	11,263	12,897
10,000	9,577
5,000				5,247
-	3,866	4,784	4,862
	2019	2020	2021	2022
	Male	Female	LGBTQIA+

Non-Renewable and renewable energy

consumption (GJ)

Executive Summary

• Delta Thailand sees significant growth across all key

financial metrics especially in revenue, gross profit and net

profit in 2022 compared with 2021, with headline revenue

of USD 3.3 billion and net profit of USD 434 million, a sharp

YoY growth of 28% and 111% respectively.

• Despite major headwinds throughout the year, Delta

Electronics Thailand delivered on guidance to achieve all

of its planned operational and financial targets, alongside

successful management of critical global material

shortages to meet business growth in 2022.

• Continuing market penetration of Delta solution businesses

in the region especially with EV charging station business

80											69
60				45				52	47
				41
	33.9
40	29.5	29.9
			24.0	23.3	22.7
20	0.750					0.75		0.77
	0.64	0.65	0.7
0
2017		2018		2019		2020	2021		2022

450,000

300,000

150,000

-

10.4%

31,329

269,260

2019

9.9%

34,546

313,868

2020

8.8% 12.3%

35,483

46,328

365,714 329,081

2021 2022

15%

10%

5%

0%

in Indonesia and Industrial Automation businesses in SEA

and Australia.

• Stay committed to sustainable development with business

transparency, focus on employee well-being, continuing

support for grooming local startups and engineering

talents, expand local supplier base to reduce carbon

footprint and improve delivery time; accelerate adoption of

Scope 1

Scope 3

Scope 1 + 2

Proportion of recycled input material

45000	consumption	40%
	28.7%

Non-renewable Renewable Renewable%

Philanthropic Spendings (Million Baht)

renewable energy to meet RE100 by 2030 and many other

key projects.

For more information on the 2022 executive summary is publicly available at our Press Release.

26.1%		9,206
30000			30%
	12.8%	21.9%
6,601
3,170	20%
15000		5,873	32,932
	21,571	10%
18,744
14,601
0				0%

0.00

0.48

7.86

5.49

0.25

5.79

8.14

0.06

7.65

5.78

0.85

9.67

7.55

2019	2020	2021	2022
Virgin material	Recycled material	Recycled input material %

2019

2020

2021

2022

Community Investment Commercial initiative Charitable Donation

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Corporate Culture

Core values are the foundation of corporate culture, influencing the behavior and decisions of employees and shaping the image and style of the corporate culture. They play a crucial role in determining a company's success. In the past, Delta's corporate culture and values have led to our vision and strategy and laid the critical foundation for our success.

As Delta's development strategy shifts from ODM to OBM to emphasize the Solution Business, and as cross-BG and cross-Region cooperation increases, we need to understand the real needs of our customers and provide suitable solutions that surpass their expectations. Only when we can collaborate with an altruistic mindset and keep learning and innovating, can we integrate technology and products to provide greater added value. To maintain our competitiveness, we are integrating the above vital elements to redefine our core values as: Integrity, Innovation, Collaboration, Inclusion, and Empowerment. The definitions and summary of these values are as follows:

Brand promise

Smarter. Greener. Together

Announced on 27 April 2023

Integrity

Honestly dedicated to achieving quality with our work, upholding the highest level of professional standards and matching our words with action.

Innovation

Looking forward to discovering future possibilities, embracing continuous learning to innovate on creative solutions and breaking through the status quo.

Collaboration

Creating synergetic partnerships that achieve shared goals with agility and precision, putting partners, clients and users at the center of our collaborative efforts.

Inclusion

Open to diverse perspectives, respecting of differing opinions and inclusive of various backgrounds that offer unique contributions.

Empowerment

Achieving our own success by empowering others to realize their own goals, encouraging active and enthusiastic growth to fulfill everyone's potential.

Photos by Finalists of 2022 SD Week Photo Contest under the theme "Diverse and Included, not Divided."

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