ESG

Risk Management

  • 26 Nov 2024
  • ESG
  • Economics & Governance
  • Share :
The group manages initial production and operational risks under the framework of ISO 9001:2015, which serves as the foundation for risk management. However, to achieve sustainable risk management, efforts are being made to expand the policy to include all stakeholders in the supply chain.

Scope:
  • All companies in the group and all stakeholders in the supply chain.
Goals:
  • Identify all potential risks in the supply chain.
  • Develop preventive and corrective measures to address risks based on their priority.
Process:
  • Create a Risk Matrix to assess likelihood and impact.
  • Define Key Risk Indicators (KRIs).
  • Develop comprehensive risk prevention and mitigation measures.
  • Implement a Business Continuity Plan (BCP).
  • Promote awareness and knowledge of risk management across all levels of the organization.
  • Continuously identify and address emerging risks.
Outcome in 2024:
  • Review compliance with ISO 9001:2015 standards.
  • Plan and prepare for supply chain risk assessment.

OTHERS

The “THAI KOON x PiN For Thai Elephants: Elephant Hope Lamp” project continues to bring hope to Thai elephants through contributions to two organizations:

On Thursday, September 18, 2025, the executives and staff of THAI KOON GROUP made history as the first in the Thai steel industry to be honored by the Ministry of Natural Resources and Environment.


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