“A leading producer of lime and mineral processing in Southeast Asia,” delivering maximum value to shareholders and stakeholders. The Company engages in the manufacturing and distribution of its core products: quicklime, or Calcium Oxide (CaO), and hydrated lime, or Calcium Hydroxide (Ca(OH)₂). The Company operates four manufacturing plants located in Lopburi and Saraburi provinces.
To read The "Good Corporate Governance" is available for download from the link below.
In response to both external and internal fundamental changes and trends are shaping up to be a sustainable organization where an organization continues to evolve its risk management and sustainability priorities to strengthen business foundation.
Golden Lime Public Company Limited (SUTHA) is committed to developing its business operations to be in line with the sustainable development framework and has applied guidelines in accordance with the sustainability assessment criteria of listed companies on the stock exchange and the policy framework according to the expectations of key stakeholder groups in order to Framework for guidelines for setting directions Development drives business sustainably with responsibility towards society, the environment and stakeholders. The " Policy Framework for Sustainable Development and Environmental and Social Responsibility_ESG Policy" is as follows

“We contribute to a better world”
E1. Environmental management
E2. Resources efficiency
E3. Climate management
E4. Product responsibility
E5. Water Risk management
E6. Biodiversity
S1. Human rights and labor fair treatment
S2. Employees Development
S3. Employee motivation and retention
S4. Health and Safety
S5. Community Cohesion and Social Inclusion
S6. Stakeholder Involvement and Participation
G1. Good corporate governance
G2. Business ethics and anti-corruption
G3. Business materiality
G4. Internal control and risk management and crisis
G5. Customer relationship management
G6. Product or service quality management and Responsible marketing communications
G7. Sustainable value chain management
G8. Tax operations
G9. Innovation and technology for society or environment
G10. Data and information security systems
G11. Safe investment, Resources efficiency, Asset Management and lean budget
G12. Financial stability, operating results and growth
Good corporate governance requires that personnel within the organization at all levels should be aware of and adhere in order for efficient and transparent management to gain the confidence of the shareholders and stakeholders as well as building strength and promoting businesses to be able to grow sustainably.
The Company with business ethics with strong governance mechanisms are less exposed to business and corporate risks, a code of conduct, therefore has been established to ensure compliance along with training so that personnel acknowledge and understand to apply the guidelines correctly.
SUTHA sustainability materiality assessments take into account the organizational context, as well as both positive and negative impacts on the economy, environment, society and all groups of stakeholders.
In addition to the internal control system in order to operate the business efficiently, there should be concrete internal control measures that can be reasonably believed that the company's financial reports are accurate, transparent, timely, and verifiable. Risk and crisis management can promote readiness for future changes and build investor confidence.
Good customer relationship management will encourage product or service users to become loyal to the products and services the company delivers, and enable the company to maintain and expand its customer base in the long term.
To deliver quality and safe products and services is a core value and the Company's products are classified as chemicals used in production processes in a variety of industries, so the Company controls every process until delivery to customers and can be used safely as a part of our responsibility for products and services which relates to reputational risk mitigation, customer satisfaction enhancement, effective sales and marketing communication and appropriated logistics selections.
" Quality Policy " is as follows:
Standard work system with responsible personnel to deliver quality products to meet customer needs. with aim of continuous improvement.
Golden Lime Public Company Limited is to achieve the following
Golden Lime Public Company Limited "s Quality Objective) are set out as follows:
Monitor and manage environmental, social, and governance risks associated with our value chain
Tax has also become a reputational risk to organizations, as they now operate in a world where tax is considered a moral issue whereby there is greater emphasis on the processes and controls in place to ensure good tax governance.
Effective Tax Rate is the percentage of annual income that the Company pay in taxes
( actual income tax paid x 100 )
profit before taxes
Innovation is a process of creating and implementing new ideas, concepts, products, or services that result in a significant improvement or advancement in offering goods or services.
"Business innovation for society and/or the environment" technology development must be able to create values for the business along with creating benefits to the society and environment
Data security protects the information, while system security protects what holds the information all of which are exposed to potential danger or harm arising from unauthorized access, use, disclosure, disruption, modification, or destruction of digital information.
Efficiently and effectively allocating and managing resources is crucial, considering their impact on the business supply chain. This includes overseeing asset utilization to foster a strong industrial base that links businesses for sustainable growth. In resource and asset management, the focus should be on maximizing benefits, minimizing losses, eliminating waste, preventing depreciation and loss. This foundational aspect requires careful management and oversight to ensure the creation of valuable and appropriate benefits.
A sustainable value as a Governance outcome to maintain business stability for sustainable growth in achieving financial stability, profitability, and competitiveness.
Adhere to ISO 14001 to ensure efficient environmental operations to reduce risks and expenses that may result from violations or consequences of non-compliance with environmental requirements.
" The Environment policy "is as follows:
Golden Lime Public Company Limited is committed to responsibly manufacturing and distributing calcium oxide, calcium hydroxide and calcium carbonate with quality according to customer needs with environmental awareness by continuous environmental improvement and development in accordance with the laws, Environmental customer requirements and other requirements as per following
The Company has therefore established the following guidelines
This policy is in writing. and conveyed to all employees and those working on behalf of the organization to put into practice continuously which can be disclosed to the public
2.designated persons to manage environmental issues
The production of limestone and lime involves grinding and crushing limestone, as well as processing calcium carbonate. This process generates dust, smoke, and gases that can contribute to air pollution and degrade air quality. To mitigate these effects, policies and guidelines have been established to minimize the impact and implement measures aimed at controlling and preventing dust-related issues that may affect nearby communities.
The Company has established the following management guidelines:
Dust and Gas Control Measures:


Noise controls and mitigations:
The production process will involve sources of noise, such as the large fan system (Blower System), which is housed within a closed concrete structure. Other noise sources will not include heavy machinery but will involve control devices used in the process. These control devices are implemented to mitigate noise pollution and ensure compliance with noise control regulations.
Wastewater quality management without discharge :
Water utilization in the production process involves:
Spraying water to clean stones prior to their introduction into the kiln for burning.
Water management system:
Sludge in the pond:
Wastewater Quality Monitoring:
Measurement operations yield results that meet the specified standards, except for pH, which ranges from 5.5 to 9.0.
Remark:
The water properties used in the company's system showed a pH value between 11 and 13 during inspection, indicating high alkalinity. This is due to the use of lime products, which exhibit high alkalinity when water circulates within the production process. The water quality measured reflects this high alkalinity. However, since the factory's wastewater system operates as a closed-loop system and does not discharge into the environment, it does not pose any external risks.
Thermal Management:
The thermal produced during the manufacturing process, especially during calcination, does not affect the environment since the kilns function as a closed system with brick insulation to contain the heat. Key points are monitored to assess temperature and heat values that might have an impact.
Additionally, there is a machine process control system utilizing PLC technology and visualization. This allows for parameter adjustments to optimize the machine's operation, particularly in controlling the combustion process in the lime kiln. The system can regulate oxygen levels and temperature to ensure efficient combustion, thereby minimizing carbon dioxide (CO2) emissions produced when limestone is heated above 900 degrees Celsius (CaCO3 + Heat = CaO + SO2).

Efficient use of natural resources and the relationship between the resources used and the benefits derived from them in a sustainable manner while minimizing impacts on the environment to conserve natural resources and improving resource efficiency by putting in place policies that implement the principles of reduce, reuse, recycle as well as manage resources efficiently by focusing on reducing the amount of garbage and waste generation / waste recovery as a set of efficiency enhancing measures such as preventing energy losses, waste recovery, and utilization, reducing energy then impacts on the community.
Changing weather patterns may pose the most dramatic risk to businesses large and small then may lead to opportunities or risks in business continuity which require strategies and plans to deal with such situations to reduce risks that may occur to the organization and business.
In order to manage the environmental impacts of different products and materials and at different stages in their production, use and disposal. It acknowledges that those involved in producing, selling, using and disposing of products have a shared responsibility to ensure that those products or materials are managed in a way that reduces their impact, throughout their lifecycle, on the environment and on human health and safety. Every product that meets safety and quality standards reduces the risk of negative health consequences, as well as any unnecessary ecological impact and waste of resources through poor quality.
– Reduce the use of non-renewable natural resources
" Water " is a vital resource for both our operations and the community so we identify and evaluate the enterprise' exposure to water-related risk as a basis for managing water risk in the enterprise and in the supply chain. At an operational level, water risk assessment evaluates water quality and quantity, and the related risks, including Climate change consequences, impacts on ecosystems, Water legislation and regulation (environmental laws) to protect our operations and supply chains from water scarcity or water stress by establishing practices and policies to ensure sustainable use of water resources.
Risks related to water use ; Conflicts with stakeholders, water prices, etc.
Protecting biodiversity in production landscapes is essential to the sustainability and resilience of production systems, livelihoods, human wellbeing, and the environment which the production should implement preserving the ecosystem and biodiversity as a risk assessment to predict the ecological consequences of biodiversity loss.
The responsibility to respect human rights is a global standard of expected conduct for all business enterprises wherever they operate. Respecting human rights is part of good business practice and risk management. Fair treatment in the workplace refers to equality and fairness as it relates to financial compensation, benefits, disability accommodations, vacation time, and paid leave. SUTHA has improved and reinforced the human rights management guideline in alignment with the sustainability management.
Developing employee potential by providing continuous learning and individual development plans to motivate employee inclusion and engagement to take part in business development.
Managing for employee retention involves strategic actions to keep employees motivated and focused so they elect to remain employed and fully productive for the benefit of the organization
The Company implements ISO 45001 Occupational Health and Safety Management System to improve employee morale, reduce workplace accidents to zero , and demonstrate a commitment to safety, which collectively lead to increased productivity and business growth
Occupational Health and Safety are as follow;
Golden Lime Public Company Limited is committed to responsibly manufacturing and distributing calcium oxide, calcium hydroxide and calcium carbonate with quality according to customer needs with safety awareness by continuous safety improvement and development in accordance with the laws, legal requirements, and other requirements as per following guidelines
The Company is committed to providing adequate resources, including personnel, time, budget, and appropriate training, to support continuous development in occupational health and safety. We place strong emphasis on consultation and participation with employees or their representatives. This policy applies to all employees at every level and will be communicated to the public and all relevant stakeholders.
Community engagement is key to the success of sustainability development strategy as it assists businesses and employees to understand and embrace community, authorities, and agencies perspectives by involving communities, community, authorities, and agencies for continuous feedback from such stakeholders for smooth corporation with local authorities.
Community and society engagement for sustainability development framework
Stakeholder engagement provides opportunities to further align practices with societal needs and expectations, helping to drive long-term sustainability. Engaging stakeholders in the dialogue to find out what social and environmental issues matter most to them will improve decision-making and accountability.
1.1) Establish a policy to include and categorize all stakeholders
1.2) Prioritize and specify activities for each group of stakeholders including reporting to the board
This policy adopts the criteria and framework from the Y2023 sustainability assessment criteria of listed companies, guidelines from the main shareholder then to be reviewed by the Sustainability Development Committee to review or improve according to the company's business operations.
The Sustainability Development and Environment Social Responsibility Policy (Revision 1) has been reviewed by the Board of Directors Meeting no. 1/2025 on February 21, 2025.
Mr. Sripop Sarasas
Chairman of the Board
Revisions
| Item | Document number | Documented | Proposed to the Board | Board resolution / Annual policy review |
|---|---|---|---|---|
| 1 | CS20230902 | 20 September 2023 | 10 November 2023 | The Board of Directors Meeting no. 6/2023 |
| 2 | CS20230902(Rev01) | 12 December 2024 | 21 February 2024 | The Board of Directors Meeting no. 1/2025 |