Message from the committee
Throughout the year 2025, the Company operated amid challenges from volatility in the rubber glove industry by several external factors. These included the U.S. Reciprocal Tariff measures, the expansion of production capacity by various industry players that continued to intensify price competition, fluctuations in raw material prices, the appreciation of the Thai Baht, and flooding in areas surrounding some of the Company’s manufacturing facilities in Hat Yai District, Songkhla Province. However, the Company maintained its competitiveness effectively through a flexible production structure covering both natural rubber (NR) and nitrile rubber (NBR) gloves, as well as product diversification supported by research and development to meet customer needs. In addition, the Company expanded its market presence across different regions worldwide to achieve strategic balance, reduce the risk of reliance on a single market, and enhance long-term operational stability. In 2025, the Company recorded total revenue of THB 23,890 million, sales volume of 37,102 million pieces, and EBITDA (excluding special items) of THB 3,427 million.
Although the flooding in the southern region toward the end of the year was another significant event that affected the community, employees, and the Company’s operations, resulting in temporary shutdowns and damage at some of the Company’s manufacturing facilities, the Company promptly carried out systematic recovery efforts. This included repairing machinery, restoring operational areas, managing business continuity, ensuring employee welfare, and providing appropriate assistance to surrounding communities. Most facilities were able to resume operations within a short period of time. With the dedication and capabilities of our personnel, together with the Company’s operational strategies and the confidence and support from all stakeholders, the Company was able to recover from this incident in a stable manner and continue moving forward to drive strong and sustainable long-term growth.
Discover More
Our Approach & SD Core Concept
Our priority is to deliver Touch of Life and sustainable world. We are committed to conducting business with transparency and fairness to produce quality and environmentally friendly products that deserve to be call the Touch of Life and we care about all stakeholders in the supply chain, from upstream to downstream. Not just for the people but for every life in this beautiful world.
Discover More
Discover More
Discover More
Discover More
Sri Trang Gloves (Thailand) Public Company Limited and its subsidiaries operate under the framework of good corporate governance
Sri Trang Gloves (Thailand) Public Company Limited and its subsidiaries operate under the framework of good corporate governance, with transparency and accountability, along with social and environmental responsibility, which allow us to grow the business and inspire confidence among stakeholders, which will lead to sustainable business operations.
The Company has established guidelines for each aspect in accordance with the sustainability framework and are in line with the United Nations’ Sustainable Development Goals (UN SDGs), which comprise three components: economic growth, social inclusion and environmental protection.
Aligning SDGs with Sri Trang Gloves’
Sustainable Business Operations
Sri Trang Gloves (Thailand) Public Company Limited (the "Company") recognizes its role and responsibility in conducting sustainable business operations. In this regard, the Company has adopted all 17 United Nations Sustainable Development Goals (SDGs) to identify issues that align with its operations and can genuinely create positive impacts on society and environment.
Through an assessment of impacts and relevance to the Company’s value chain from raw material sourcing and manufacturing processes to product delivery to customers. The Company has identified the following goals:
In addition, the Company places importance on other relevant goals.
The establishment of these SDGs will serve as a key framework for driving the Company’s long-term sustainability strategy, with transparent progress reporting to all stakeholder groups.
Net Zero Commitment Announcement Sri Trang Gloves (Thailand) Public Company Limited
Greenhouse gas emissions are a primary driver of climate change, which has led to droughts, floods, and various natural disasters. These events pose significant risks to both global livelihoods and business operations. Moreover, greenhouse gas reduction is one of the key Material Topic for our organization. Setting a Net Zero target reflects our intention and strong commitment to being part of the global effort to address the climate crisis and to support the goal of limiting global temperature rise to no more than 1.5 degrees Celsius, in alignment with the Paris Agreement.
Sri Trang Gloves (Thailand) Public Company Limited (STGT) has therefore established two climate targets one short-term and one long-term—as the foundation for effective and tangible greenhouse gas management planning:
- To reduce greenhouse gas emissions intensity per unit of product by 20% from 2024 baseline by 2030.
- To achieve Net Zero emissions by 2050.
These targets have been communicated across the organization,
and all employees are encouraged to take part in ongoing efforts to reduce emissions. Together, we will develop an implementation roadmap that aligns with both our business context and the scientific principles set forth by the Science Based Targets initiative (SBTi). Our targets cover; Scope 1 Direct emissions from company activities and Scope 2 Indirect emissions from electricity consumption.
- To achieve these targets, our strategy is built around three key actions:
- Enhance – Improve energy efficiency and optimize operational processes to increase productivity.
- Shift – Transition toward low-carbon technologies and expand the use of renewable energy sources.
- Capture – Sequester carbon through rubber plantations, reforestation, and the adoption of carbon capture and storage technologies in our production processes.
We believe that our collective commitment will position STGT as a leader in sustainability and greenhouse gas management, in Thailand and globally driving long-term growth while creating lasting value for investors, society, and the environment.
Announced on April 29, 2025
Sustainability Goals for 2025
| Material Topics | Target |
|---|---|
| Governance | |
| Good Corporate Governance | - The Company conducts business with the principles of good governance and business code of conduct. It has consistently been evaluated as "Excellent" (5 stars) for good governance with an overall average score equals to or higher than the preceding year. |
| Anti-Corruption | - The employees have learned the principles of business ethics and anti-corruption and passed the e-testing with a 100%. - The Company has continuously received certification in anti-corruption. |
| Cybersecurity and Data Privacy | - The Company ensures the security of personal data, maintaining zero data breaches. - The Company complies with the requirements of the Personal Data Protection Act B.E. 2562 (PDPA) at 100%. |
| Risk Management and Business Continuity | - The Company conducts practicing on business continuity management systems at least once per year. - The Company has continuously received ISO 22301. - Zero number of business interruption |
| Sustainable Supply Chain Management | - 100% of Suppliers were communicated Supplier Code of Conduct and Guidelin.e - 100% of Suppliers signed acknowledgement Supplier Code of Conduct and Guideline. - 100% of Suppliers completed the Environmental, Social and Governance (ESG) self-assessment questionnaire. - 100% of Critical's Suppliers were assessed for environment, social and governance (ESG) risk in their operating sites. |
| Research Development and Innovation | - There is at least one innovation project of all 3 objectives per year that has been successfully implemented and continuously advancing over the year. |
| Social | |
| Human Rights and Non-Discrimination | - 100% of the Company's business operations have been evaluated for risks and human rights impacts. - Zero number of human rights complaints and the violations that occur within organization and supply chain resulting from the company's operations - The number of female employees is greater than or equal to 50% of the total employees. |
| Workforce Management | - The employees satisfaction is greater than 85% (The proportion of employees who respond to the assessment greater than or equals 85% of all employees). |
| Human Capital Development | - 35 hr/person/year of training hours average |
| Occupational Health and Safety in the Workplace | - Zero number of fatal accidents from work - Zero number of occupational illnesses for all workers |
| Customers Relationship and Product Quality and Safety |
- The customers and consumers satisfaction equals 80%. |
| Support and Participation with the Community | - The number of projects linked to business activities that result in improved well-being is at least 5 projects/year. - Community satisfaction from participating in the Company's projects with an overall average score more than 85% - Community engagement projects can be measured under Social Return on Investment (SROI). |
| Remarks: 1 Further details can be found in the section on Human Rights and Non-Discrimination Performance on page 121. |
|
| 2 Further details can be found in the section on Workforce Management on pages 126-128. | |
| Environment | |
| Environmental Management Systems | - The branch factory has received ISO 14001 environmental management standard certification for 100% of its factories in Thailand. |
| Climate Strategy | - Reducing greenhouse gas emissions per product unit (Scope 1 and 2) by 20% within 2030 compared to 2024 (base year) - Reducing greenhouse gas emissions of organization (Scope 1 and 2) by 23% within 2030 compared to 2024 (base year) - Net Zero by 2050 compared to 2024 (base year) |
| Energy Management | - Reducing total energy consumption per product unit by 5.5% within 2027 compared to 2024 (base year) |
| Air Quality Management | - Zero number of non-compliance with environmental laws and regulations case |
| Water and Effluent Management | - Reducing water consumption per product unit by 6% within 2029 compared to 2024 (base year) |
| Waste Management | - Reducing the amount of non-hazardous manufacturing waste per unit of product disposed of by landfill by 50% within 2030 compared to 2024 (base year) - Reducing the amount of non-hazardous manufacturing waste disposed of by landfill to zero by 2050 |
| Consideration of Ecosystems and Biodiversity | - The branch factory (operational area) has received a 100% preliminary biodiversity risk assessment. |
| Remarks: 3 Further details can be found in the section on Human Rights and Non-Discrimination Performance on page 121. |
|
| 4 Further details can be found in the section on Water Management Performance on page 191. | |
