Global Power Synergy PCL

##### Governance framework for Public Policy Engagement

In order to engage with the external network, GPSC advocates climate-related lobbying activities through membership of trade association. GPSC has recognized trade association members and contributions as a plus capability parallel with our internal management and strategy to drive global climate actions towards net-zero. Therefore, GPSC set up the dedicated governance structure of climate change and management system in place as follows:

| Level | GPSC Representatives | Accountability and Responsibility |
| --- | --- | --- |
| Executives | President and Chief Executive Officer (CEO) | * Being representative of GPSC to engage and support the direction of trade associations. * Being an external membership to engage with the trade association and other organizations for advocating the effective driver to tackle the climate change. * Raise the relative agenda to the trade associations in contributing the approaches that create the benefit to both internal and external of GPSC, especially climate change topic. |
| EVP – Corporate Strategy and Subsidiary Management | * External sharing on climate-related progress and practice. * Provide feedback to external parties during decision making process. * Participate the meeting in contributed trade associations as a membership e.g. council member, associate member, and committee. * Sharing the significant issues with the external network to discuss for the effective approaches. * Provide support proactive activities related to the matter topic of climate change through the trade association. |
| Staff, Employee | Members from Sustainability and Climate Change Policy division | * Regularly engagement with external stakeholder and trade association * Acknowledge the direction and agreement from executive levels in conducting and leveraging the acquired information to an internal of GPSC. * Monitor and track progress and status of both internal & external climate-related programs |

##### Our Management System and Process on trade association assessment

To transform GPSC's portfolio into green with the responsibility to the sustainable business, GPSC contributes to various trade associations with anticipation to participate in promoting and accommodating the policies, laws and regulations, and procedures that involve the GPSC's business accordingly. Altogether with the encouragement for climate action through other organizations, the contribution of trade associations can accelerate the sustainability movement toward the Paris Agreement target that covers all implementation across the country.

In this case, GPSC's governance structure of climate change has acknowledged and conducted the review and assessment of trade association memberships and the climate-related lobbying activities  of which GPSC should contribute regarding the commitments, interests, and policies of GPSC. Especially the trade association of which the GPSC's position aligned within the climate change direction and Paris Agreement contexts. This can ensure that trade associations and GPSC's commitment with respect to the internal climate change policy can be consistent from the outcome and implementation perspectives.

Ensuring that the trade association contribution and GPSC's commitment has been resulted in the satisfied goal of the Paris Agreement and avoiding the inconsistent practice, GPSC establishes the reviewing, monitoring, and framework for addressing misalignments as part of the climate change management.

###### Reviewing

GPSC reviews the trade associations, the climate-related lobbying activities, and commitments in line with the policies, interests, targets, positions, and implementation plans of GPSC. In essence, GPSC considers the best suit of trade associations for the contribution through the committee which is the executive level of GPSC. The decision in accordance with the participation in trade association has based on the alignment of GPSC's position and trade association target as criteria.

###### Monitoring

The existed results and progress are reviewed to ensure an alignment from the contribution for those trade associations which GPSC already have supported. GPSC review the position of the interest trade associations upon contribution and support. GPSC monitors to ensure an alignment regarding the practice of trade association and their actual outcome whether the results are aligned the with the target. The results are reported to the GPSC's governance structure on climate change group. The progress and status on trade association are monitored regularly at monthly basis.

###### Framework for Misalignment Position

Regarding the monitoring process for the progress and outcome of trade association, GPSC will be tracking the progress to check the status whether it is aligned with the GPSC position or not and be sharing with the internal to decide the contribution and support from GPSC.

For those trade associations which are not aligned with company direction, GPSC will be considering to decide whether GPSC have to distancing the company from the misalignment, engage to negotiate direction, or leave the trade association. These are the basis practice that will be conducted in case trade associations and GPSC are not aligned.

GPSC Group established a climate governance structure comprising representatives from various functions to the management team. The goal is to effectively drive climate action across the group, including the following groups: Corporate Governance Responsible for overseeing various climate-related risks & opportunities and processes including climate and related policies and target endorsement and major transactions and financial resources approvement. Sustainability Committee Responsible for overseeing climate change policy, strategy, and action plan to drive and mitigate climate risks. This committee will also take a role in the decision-making on low-carbon investment and GPSC Management technology. Committee Responsible for managing GPSC Group's climate change policy, approving targets, scopes, strategic plans, preventive directions, and guidelines for mitigating and handling climate change impact, and control greenhouse gas, and monitoring and review the outcomes of GPSC Group's climate change operations. GPSC Climate Change Strategy Committee (GCSC) Comprising of members from various departments is responsible for executing actions related to their roles. These include development of policy and strategy, GHG emissions monitoring, climate finance study, research on innovation & technology and communication. Sustainability and Climate Chang Management Division The Sustainability and Climate Change Management Division recommends and communicates the company's sustainability strategy, action plans, and policies to all employees. They monitor compliance and audit business units to confirm effective implementation. The Department fosters a culture of sustainability among employees and suppliers to achieve sustainable development, as described in Climate Change Policy.

Describe the process(es) your organization has in place to ensure that your engagement activities are consistent with your overall climate change strategy[…]GPSC Group has regularly reporting and monitoring processes to ensure that all activities are consistent with our climate change strategy including those that can influence policy to the policy makers, especially, the Thailand Nationally Determined Contribution (NDC) that set target for Thailand for GHG reduction of 40% by 2030 and Net Zero goal by 2065 aligned with the Paris agreement. GPSC Group conduct both internal and external engagement to drive activities regarding to climate change strategy. For internal engagement, the company set up GPSC Group Climate Change Strategy Committee (GCSC), which is responsible to oversee implementations, progress and drive on climate change action related to climate change strategy. Nevertheless, the Transformation and Sustainability Management (STS) Department is responsible to communicate and ensure that company's activities are consistent with company's climate change strategy and national policy as well as conduct knowledge sharing.

For external engagements, GPSC Group joined and was selected as a member of the Thailand Carbon Neutral Network (TCNN) committee to promote cooperation in all sectors for building sustainable growth and achieving net zero emissions. GPSC Group has also joined the Carbon Market Club network and the RE100 Thailand Club, which initiate campaigns for GHG emission reduction activities and demonstrate readiness toward a low-carbon and zero-carbon society as well as discussions on carbon credit and renewable energy credit (I-REC) trading.

In 2021, 8 projects was registered in Thailand Voluntary Emission Reduction Program (T-VER) to originate carbon credits. GPSC Group has also adopted and integrated the operational guidelines from the Thailand Business Council for Sustainable Development (TBCSD) into the business operation of the company. GPSC Group supports and advocates for such policies through the partnership with TBCSD in order to share ideas and useful information to promote the concept of sustainable development.

GPSC Group supports Thailand National Determine Contribution (NDC) through government agencies (i.e. Thailand Greenhouse Gas Management Organization (TGO) and Office of Natural Resources and Environmental Policy and Planning (ONEP)) that focus on development of emissions reduction alternatives in the country. The engagement activity is held through meeting on quarterly basis. Moreover, GPSC Group supports the national plan by integrating the plan in to strategy.

Does your organization have a public commitment or position statement to conduct your engagement activities in line with the goals of the Paris Agreement?[…]Yes