TKK Corporation announces its readiness to become a service provider for cWallet, an enterprise carbon footprint management platform, strengthening the Thai industrial sector.

According to the report Climate Change 2022: Mitigation of Climate Change by the IPCC, from 1850 to 2019, the world has accumulated greenhouse gas emissions of approximately 2,400 gigatons, which is an average annual greenhouse gas emissions of 35-36 gigatons. In 2021, 37.12 gigatons of greenhouse gases were released, a 5.3% increase from 2020. If the average global temperature rise is to be controlled to not exceed 1.5 degrees Celsius, the whole world can release no more than approximately 500 gigatons of greenhouse gases.

Therefore, it can be seen that there is still not much room for greenhouse gas emissions (Carbon Budget). If the world does not quickly adapt or seriously reduce greenhouse gas emissions, the global climate could be significantly unstable over the next 10 years. This is despite Thailand's average carbon footprint of approximately 0.3 gigatonnes per year, which is relatively small compared to other countries.

However, the Global Climate Risk Index 2021 report by German Watch, an organization that promotes equality and human well-being, as well as monitoring the global climate change situation, revealed that "Thailand is ranked 9th among countries at risk of long-term climate change impacts." This is due to the country's continuous accumulation of greenhouse gas emissions and the occurrence of severe natural disasters, which have damaged the business sector and the country's economic system in many areas, such as agriculture, tourism, and trade.

For this reason, we need to measure the amount of greenhouse gas emissions in order to plan for effective greenhouse gas reduction. This has led to the concept of measuring the amount of greenhouse gases called the Carbon Footprint. Carbon footprints can be divided into four main types, one of which is the Carbon Footprint of an Organization.

Let's first understand what an organization's carbon footprint is and why it must be managed effectively.

Because the organization's carbon footprint is the amount of greenhouse gases emitted from various activities of the organization from upstream to downstream, such as electricity use, fuel combustion, waste management, transportation, etc. The organization's carbon footprint is divided into 3 scopes as follows:

Scope 1: Calculating the carbon footprint from the organization's direct processes or activities, such as combustion of machinery, use of organization-owned vehicles, leakage of refrigerant from air conditioners, etc.

Scope 2: Calculation of indirect carbon footprint from energy use, such as purchasing imported electricity, heat and steam for use within the organization.

Scope 3: Calculation of other indirect carbon footprints such as employee travel on non-corporate vehicles, use of office supplies, etc.

Calculating an organization's carbon footprint will enable an organization to determine its greenhouse gas emissions. This will enable it to manage and reduce greenhouse gas emissions effectively, leading to risk management, increased competitiveness in the global trade arena, and creating investment opportunities with business groups that prioritize greenhouse gas emissions reduction.

TKK Corporation partners with cWallet to offer a Thai-based carbon footprint management platform to the industrial sector.

With the aim of promoting a Thai Carbon Footprint management platform for widespread use in the industrial sector, Build Tree Technology Co., Ltd. has signed a cooperation agreement to appoint TKK Corporation Co., Ltd. as a cWallet service representative to jointly drive the provision of Carbon Footprint management platform services to the Thai industry.

Recently, Kanlayanee Kongsomjit, CEO of TKK Corporation Co., Ltd., together with Natcha Lerthatthasilp, CEO of Build Tree Technology Co., Ltd., signed a memorandum of understanding to appoint TKK Corporation Co., Ltd. as the representative for cWallet, a Thai Carbon Footprint management platform, at the TKK Corporation Co., Ltd. head office in MS Siam Tower.

This MOU aims to jointly promote the cWallet platform to the Thai manufacturing industry through TKK Corporation's service network to Thai manufacturing entrepreneurs, to help achieve the country's goal of carbon neutrality and net-zero greenhouse gas emissions.

Get to know cWallet, Thailand's Carbon Footprint Management Platform, and its readiness to expand its business with expert partners like TKK Corporation.

On this occasion, Ms. Natcha provided additional information about cWallet, a Carbon Footprint management platform invented by Thais.

"It's true that sustainability and greenhouse gas emissions have long been a global concern. This has led our company to focus on innovations that can help manage greenhouse gas emissions and reduce the organization's carbon footprint effectively. Therefore, we developed cWallet, a carbon footprint management platform that allows organizations to understand the extent of their business's environmental impact."

"Because in business operations and industrial production, we sometimes unknowingly harm the planet. Therefore, knowing our carbon footprint allows us to plan strategies to reduce our impacts. This is the starting point for Build Tree Technology Co., Ltd. to develop a carbon footprint management platform and offer it to the Thai business and industrial sectors. This will help all organizations understand what carbon footprint is and how to contribute to the planet."

“Personally, I'm interested in environmental conservation and global warming reduction, starting with my own actions. For example, I separate my waste and dispose of it properly to ensure proper recycling. When traveling, I park my car and take public transportation. This is a personal act of kindness for the planet. I feel it might not make a significant impact on the planet, so I wanted to do something bigger to encourage people and organizations to join me in reducing global warming on our platform. This will create a more visible impact on the planet.”

"We also believe that businesses are the group responsible for the highest carbon footprints. Therefore, we want to be a medium to encourage organizations to join together to reduce their carbon footprints. This will bring together a large number of people, which will undoubtedly have a greater impact."

“With the cWallet platform, we've designed templates that each industry can use to select the template that's most appropriate for their sector. These industry-specific templates are easy to understand for those new to carbon footprinting, and users will know what key information they need to fill out in their industry through our industry-specific system.”

"Take the transportation industry for example. Naturally, the use of energy, such as oil, contributes to a relatively high carbon footprint for organizations. Meanwhile, in the food and beverage manufacturing industry, the major greenhouse gas emissions are generated by packaging waste that isn't properly recycled, as well as food waste from the manufacturing and consumption processes."

“The cWallet platform calculates each organization's carbon footprint in tons of carbon footprint. Once we have the carbon footprint figure, we display it on a dashboard with graphs indicating the severity of the environmental impact. Our user-friendly platform allows even those new to carbon footprint calculations to understand and use it in a short period of time.”

“Once an organization receives these calculated figures, it will know whether it has significant carbon footprint deficiencies. Once this is known, it is the organization's responsibility to identify solutions to reduce its carbon footprint, ultimately leading to strategies to decarbonize its manufacturing processes.”

"This figure can also be used to communicate with consumers, helping to enhance competitiveness. Consumers can now choose to support low-carbon products. These days, there's a growing customer base that prioritizes environmentally friendly products. This is a key strength for products, services, and services."

"For Build Tree Technology Co., Ltd., we started as a startup less than a year ago. Today is a great day for us to become an official partner of a strong company like TKK Corporation. TKK has expertise in sales, particularly for industrial customers, and has experience in offering a wide range of solutions to them."

"Therefore, by collaborating with TKK Corporation Co., Ltd. as the cWallet service representative, TKK will be able to offer solutions tailored to the needs of factories. Furthermore, this collaboration aligns with cWallet's vision of growing alongside its partners. We plan to expand both domestically and internationally, particularly within Southeast Asia."

TKK is ready to drive and enrich the ecosystem for the Thai cWallet platform to achieve continuous growth.

Apiwat Panyaratanakul, Chief Marketing Officer (CMO) of TKK Corporation, said about this collaboration that:

“As TKK operates in the manufacturing sector, we serve our customers in Thailand's industrial factories. Of course, virtually all of these factories are currently setting greenhouse gas reduction targets. At TKK, we already have projects for energy savings and energy cost reduction for our customers.”

“But to get there, we first need to know the carbon footprint of an organization. When we saw that cWallet had a carbon footprint management platform, which aligned with TKK's goal of offering solutions that help our customers achieve their Net Zero goals, we decided to collaborate and create a partnership to jointly drive the delivery of a carbon footprint management platform to the Thai industry.”

"We found that cWallet platforms developed by Thai executives have a greater understanding of the issues and the practitioners involved in this area than international carbon footprint management platforms. Furthermore, the cWallet platform excels in its ability to be customized, adapted, and designed to meet the needs of Thai customers."

"We believe that the cWallet platform can calculate carbon footprints, paving the way for organizations to achieve their Net Zero goals. It can also be developed into carbon credit trading in the future, which will be a valuable platform for further collaboration."

“เรามองว่าแพลตฟอร์ม cWallet นี้สามารถตอบโจทย์ความต้องการของกลุ่มลูกค้าอุตสาหกรรม ซึ่งทีเคเคมีฐานลูกค้าอยู่แล้ว ก็สามารถนำนวัตกรรมแพลตฟอร์มนี้ไปกระจายต่อ และเมื่อลูกค้าเราได้ใช้ไปก็จะเกิดการปรับปรุง พัฒนา ทำให้ในปัจจุบัน แพลตฟอร์ม cWallet ก็มีผู้ใช้งานที่เป็นภาคอุตสาหกรรมไทยไม่น้อยเลย เป็นอันดับต้นๆ ของตลาดในตอนนี้ก็ว่าได้ ดังนั้น พูดได้ว่านี่เป็นการสนับสนุน ให้โอกาส สตาร์ทอัพไทย สามารถพัฒนาแพลตฟอร์มของตนเองอย่างต่อเนื่อง ด้วยอีโคซิสเตมที่ทางทีเคเคมีนั่นเอง”