Sutainability Management

Sustainability Management

BAFS is determined to direct and conduct sustainable business operations, covering three dimensions: Environment, Society, and Governance (ESG). The Sustainability Policy, approved by the Company’s Board of Directors, has been developed to align with international sustainability principles, incorporating 16 of the 17 United Nations Sustainable Development Goals (SDGs) and the Paris Agreement as a guidance to ensure that all departments within the Company apply and operate with sustainable practices tangibly. The sustainability governance structure is in place as a key mechanism for integrating operational plans, aligning them with the SDGs, business directions, goals and the purpose of “Uplift and Power the World to a New Height”, maintaining a balanced manner towards engaging with the environment, society, governance and economy, and delivering benefits for all stakeholders.

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BAFS Group’s Sustainability Management Structure

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Corporate Strategy toward Sustainability

In 2024, BAFS Group developed a new five-year strategic plan (2025–2029), remaining committed to the purpose of “Uplift and Power the World to a New Height”. The plan aims to guide the Company, society, and the world toward a better future, through the vision “Reimagining Asia’s Sustainable Future, Uplifting the World of Infinite Opportunities”

1. Solid Financials for Uplifting Asia

This strategy focuses on expanding the business robustly into foreign markets in Asia to drive continuous and stable growth and profits, with an emphasis solely on environmentally and socially friendly business investments.

2. Sustainability and Governance for a Thriving Future

This strategy focuses on conducting sustainable operations, with crucial consideration for the environment, society, and good governance.

3. Reimagining the Future of Work for Human Empowerment

This strategy focuses on prioritizing the support for employee development and positive organizational culture enhancement to empower personnel energy and spirit towards their highest potential, serving as a key driver in achieving the Company’s goals.

Driving towards Sustainable Targets

Environmental

Achieving net-zero greenhouse gas emissions by 2050 and no negative impact from operations on the environment and biodiversity.

Social

Creating positive impacts on society both within and outside the Company, fostering quality of life and mutual growth, while promoting stakeholder engagement and respecting human rights across the supply chain.

Economic

Creating EBITDA growth from the utilities and energy business combined with the business services group, achieving a 40:60 ratio with the aviation business by 2030, based on good corporate governance practices.