Supply Chain Auditing & Consulting Services | SLP Thailand
Environmental & Social Due Diligence for Rubber Processing in Thailand
SLP Environmental conducted environmental and social due diligence (ESDD) for a Stock Exchange of Thailand (SET) listed rubber processing company on behalf of an international credit guarantee and investment facility, supporting a proposed corporate bond guarantee. The assessment covered the company’s rubber processing operations, wastewater treatment and biogas power facilities, alongside a comprehensive supply chain environmental and social audit. Performance was reviewed against the client’s safeguards, applicable Asian Development Bank (ADB) safeguard requirements, Thai regulatory requirements and ILO Core Labour Standards, with a Corrective Action Plan (CAP) developed to address identified gaps.
SLP was appointed as an independent consultant to assess the Company’s performance with respect to the Safeguards Requirements (SR) specified for the Assignment which included:
- Clients’ ESS Policy;
- Applicable requirements of ADB Safeguard Requirements 1 – 3;
- Applicable E&S related national laws, regulations and international conventions/treaties ratified by Thailand; and
- Applicable ILO Core Labour Standards.
The objectives of the Environmental & Social Due Diligence Assessment were to:
- Assess the Company compliance status with respect to the safeguards requirements;
- Assess E&S risks in the Supply Chain;
- Clearly identify any gaps with SR and prioritise them in terms of significance;
- Recommend appropriate corrective actions (CA’s) to close gaps and align Project E&S performance with safeguards requirements;
- Set timelines for implementation of CA’s based on assigned priority and specify appropriate Completion Indicator to verify gap closure; and
- Assess the capacity and resources of the Sponsor to implement the CAP requirements.
SLP specialises in performing environmental and social due diligence assessments in South East Asia on behalf of project financiers and project sponsors alike. SLP has project experience in multiple business sectors and across the ASEAN jurisdictions.
Please contact us to discuss your requirements.