Social and Community Integration

AWC is connected with various local communities, including those in the hospitality business in areas far from the cities. Company emphasis on continuously promoting creative engagement with all stakeholders, including the community through various activities and communication channels where demands, opinions, concerns, and suggestions may be voiced.

AWC is committed to improving the community’s livelihoods and walking the neighborhoods through the transition toward self-sustainability. The company has established Asset World Foundation for Charity (AWFC) to support all activities for our society. Moreover, the company expands Corporate Shared Value and Social Enterprise project -The Gallery, believe in giving back and contributing to the empowerment of local communities, we create opportunities as well as providing tools to bolster economic growth.

CSR Strategy

AWC had developed Corporate Social Responsibility following the company mission of ‘Building a Better Future’ and the UN Sustainable Development Goals. The company aims to support and increase quality of life for the communities and to build community’s trust and acceptance. The company aim to provide support to the community wherever the opportunity arises. Being a sustainable organization, AWC considers itself an opportunity provider that offers local recruitment, scholarship, and internship program to the communities.

Community Satisfaction Survey Result

With a strong determination to promote bonding with the community, the company has conducted in-depth interviews with the communities to obtain more specific information.

The result of the community engagement allowed AWC to understand feedbacks and concerns from the community. It also indicates that AWC has positive relationship with neighbors.

Projects and Activities in 2020

Philanthropic Contributions

TYPE OF SOCIAL INVESTMENT AND DONATION 2020 (MILLION THB)
Cash Contributions 7.07
In-Kind Giving: Product of Service Donations or similar 2.37
Employee volunteering time during paid working hours 0.266
Management Overheads 8.45

Human Resource Management

One of the driving forces of AWC is people, and without our people, AWC cannot run our business. Attraction, retention, and talent development play a crucial role in AWC’s success, especially organizational capacity development.

AWC strives to unlock our people’s potential and empower them by fostering a supportive working environment and ensuring their talents are recognized and rewarded. Hearing the voice of our people is vital to AWC. We invest in our talent not only for AWC’s growth but also to produce upstanding citizens that can contribute to society through AWC’s values: holistic and integration thinking, knowledgeable and assertive core values.

We aim to be recognized as one of the best employers in the industry and attract talents from all levels, and champion gender parity.

Employee Value Proposition (EVP)

AWC developed its Employer Value Proposition (EVP) to build a value-based culture for employees who can share their experiences – both unforeseen and inspiring. EVP incorporates A-W-C which stands for Agility, Well-being and Career growth:

Agility

Agility Be resilient and respond quickly to changes in the internal and external environment while remaining focused on AWC’s vision. Adopting an adaptive mindset supports the career growth of employees and moves the company forward delivering superior service quality that surpasses expectations.

Well-being

Well-being To build livelihoods that encourage work-life balance for AWC’s employees supported by a positive work environment focused on health and wellness.

Career Growth

Career Growth AWC is focused on the long-term success of its team. The company welcomes new ideas that contribute to an improved work environment that helps employees achieve their professional goals, and helps them thrive in handling challenging tasks and finding solutions to the most intractable problems.

Our People Cares

As the lockdown affects AWC’s business operations, AWC understands that its employees and their families also bear the brunt of the economic impact. We have no policy to lay off our employees in order to pass this tough time together. During the lockdown from April to June 2020, when our hotels and retails were temporarily closed, we still paid 100% for Skeleton staff on duty and paid 75% to non-work employees. AWC has also utilized AWC Infinite Lifestyle to encourage our people to embrace flexibility and change in the wake of the “New Normal”. It granted employees access to working spaces in AWC hotels and privileges such as complimentary beverages and an internet connection to work seamlessly.

Human Rights

AWC upholds and respects human rights beyond our business operations and value chain. AWC understands that we have complete control over our operations regarding the rights of the people that work under the umbrella of AWC. We aim to protect our people’s rights. However, we acknowledge the potential risks that may occur through our value chain via our contractors and suppliers. AWC strives to close these loopholes to dignify the rights of the people involved in its operations, no matter who it is, where they are in its value chain.

AWC takes human rights seriously and does not tolerate human rights violations; this is highlighted in the business code of conduct and reflected throughout our practices. Our stakeholders’ human rights are at the heart of AWC practices that we prioritize through risk assessment and stakeholder engagement in identifying potentially affected groups. AWC’s human rights priorities are as follows:

Human Rights
Occupational Health & Safety
Humane Working Conditions
Fair Wage
Fair Treatment & Equal Opportunities
Freedom of Association

AWC has a system to regulate its operations to ensure human rights are respected and upheld through legal compliance, expert consultation, and adherence to relevant standards and guidelines, especially regarding labor rights, occupational health and safety, and data privacy protection for employees and contractors as aforementioned. Additionally, our hotels operate under diverse world-renowned brands with an excellent reputation for championing human rights.

In case AWC does not have direct operational control, we will strengthen our supply chain via supply chain management to mitigate potential human rights violations through careful vendor selection, monitoring, and evaluation system as detailed in this report. To this end, we aim to foster a good reputation as a human rights champion to positively and sustainably contribute to society.

OCCUPATIONAL HEALTH AND SAFETY

Employee health, hygiene, and safety are some of our priorities. We prioritize our people’s health and safety and strive to minimize accidents, work-related injuries, and ill-health as much as possible. We also promote work-life balance and wellness to ensure our people are healthy and happy

During COVID-19 pandemic, the key preventive measures at all properties comply with the Safety and Health Administration (SHA) standards, which include entrance screening, facility management, and people management as follows:

All AWC assets within the hospitality and retail business are certified with Amazing Thailand Safety and Health Administration: SHA certificate, a collaboration of the Tourism Authority of Thailand and Ministry of Public Health to mitigate risk and prevent the spread of COVID-19.

We were the pioneer to implement 100% work-from-home for office-based staff before the lockdown announcement. The “skeleton staff” or key personnel stationed at the assets where the confirmed case was found must be home quarantined for 14 days. Employees with higher risk shall report their symptoms daily. The company also provided COVID-19 insurance for all employees.

AWC has maintained its efficiency by adapting the working method for each business line and function to the New Normal. The company communicates with all employees about COVID-19 information and update, health and safety guidelines, COVID-19 response measures. Our project development is certified for ISO 45001:2018 (Occupational Health and Safety Management). It uses this system to promote and drive safety management for construction projects, which comply with Thai safety-related regulations. A safety officer and other essential criteria required by law have been put as a tendering process requirement