Material Sustainability Issues (Materiality Topics)

Supply chain management

Supply chain management

Responsible Supply Chain Enhancement for Sustainable Shared Growth

The Company recognizes the importance of a strong supply chain in supporting sustainable business operations. Accordingly, the Company is committed to managing supplier relationships in a transparent, fair, and responsible manner under its Supplier Code of Conduct. The Code promotes ethical business conduct, compliance with applicable laws and regulations, respect for human rights and labor standards, and consideration of social and environmental impacts, including animal welfare in the sourcing of relevant raw materials. In addition, the Company encourages suppliers to use energy and water efficiently, reduce greenhouse gas emissions and mitigate climate change impacts, conserve natural resources and biodiversity, and disclose environmental and social information transparently.

0%

Proportion of new suppliers fully screened against environmental, social, and governance (ESG) criteria in 2025

0%

Proportion of existing suppliers assessed for sustainability (ESG) risks in accordance with the established target

5.97

Percentage of RSPO-certified palm oil used against total palm oil consumption
in 2025

Supply chain management

Composition of
Management Structure

Governance
Governance through the Supplier Code of Conduct: The Board oversees the implementation of a Supplier Code of Conduct that comprehensively covers all ESG aspects, ensuring that suppliers comply with the Company’s standards.
Strategy
Traceable Sourcing Strategy: The Company focuses on sourcing key raw materials that are sustainable and traceable, particularly high-impact commodities, to mitigate risks related to deforestation and human rights.
Risk management
Human Rights Risk Assessment across the Value Chain: The Company conducts human rights due diligence covering risks from raw material sourcing to employment practices, to prevent human rights violations.
Metrics and Targets
Supplier Assessment Coverage Target: The Company sets a percentage target for suppliers to be assessed for sustainability risks or certified against relevant standards, demonstrating its commitment to building a responsible supply chain.

Supplier Capacity Building

The Company continuously supports supplier capacity building by providing knowledge, guidance, and support to enhance suppliers’ capabilities in sustainable business practices. This includes ESG risk assessment, sustainable procurement requirements, and relevant environmental and social issues, such as greenhouse gas emissions, human rights, labor standards, and occupational health and safety. 

The Company also supports suppliers through knowledge sharing, best practice guidance, and recommendations for operational improvement to strengthen sustainability performance.

Management

The Company manages its supply chain through a robust three-step operating mechanism:

(1) Rigorous Screening: Sustainability assessment criteria (ESG Screening) are applied as a key requirement for the registration of all new suppliers.

(2) Assessment and Monitoring: Existing suppliers are regularly assessed for risks to identify areas for improvement and jointly develop corrective actions.

(3) Traceability: The Company drives the traceability of agricultural raw material sources to enhance transparency and verify fair sourcing practices.

Supplier Assessment and Due Diligence Mechanism

The supplier assessment system enables the Company to effectively select qualified and suitable suppliers that align with its organizational risk management and ESG policies.

105 person
Strategic Tier 1 Suppliers
Assessed
48 person
High-risk suppliers received on-site assessments.
and resolved the identified risk issues.
1. Target Group

Existing Suppliers

VENDOR VISIT
to enhance understanding, verify standards, build confidence in suppliers’ capabilities, and foster strong business relationships
ESG Risk Mitigation
to align with the annual risk management plan and effectively mitigate risks related to business unsustainability
develop corrective actions
when quality issues are identified in previously purchased products

New Suppliers

Supplier Onboarding
to provide an overview of the business, expectations, and opportunities for future collaboration
Supplier Assessment and Risk Mitigation
Analyze performance, business information, and organizational structure, and assess potential risks in alignment with ESG guidelines
2. Audit Process
Monitor Risk Assessment Results

Company Audit

  • Audited by the TF team
  • Self-Assessment

Preliminary Supplier Assessment Results:

  • Potential to become a supplier
  • Requires improvement (with guidance provided by the Company)
  • Not yet suitable for business engagement
3. Implementation

Supplier Registration

Suppliers agree to comply with SUPPLIERS CODE OF CONDUCT and SUPPLIER GUIDELINE TF’s requirements in suppliers’ business activities strictly

Corrective Action and Improvement

If suppliers’ processes or product quality do not comply with the established standards, requirements, or regulations, corrective actions and follow-up measures shall be implemented to ensure continued alignment with TF’s standards.
RSPO • EU Market

RSPO Supply to EU

The Company is an RSPO member under the Consumer Goods sector, supporting sustainable palm oil.
Sustainable Palm Oil Target: The Company aims to achieve 100% sustainable palm oil for products sold in Europe by 2040.

Progress in RSPO coverage for products supplied to the European Union
Year 2025
68.38%
Year 2026
100%
+31.62
percentage points Full RSPO coverage for the EU market achieved in 2026
Quantity and Proportion of Key Raw Materials Used

From 2023 to 2025, the Company’s raw material use was as follows:

Unit: Tonnes

raw material type

2566

2567

2568

Flour

142,074.42

149,844.73

143,945.46

Oil

35,407.22

37,177.30

35,096.31

Seasonings

36,024.77

38,595.47

40,299.10

Agricultural products

22,875.40

24,865.76

23,296.65

Other

1,401.87

1,075.29

1,178.58

total

237,783.68

250,558.55

243,816.10

The Company’s total raw material use was 237,783.68 tonnes, 250,558.55 tonnes, and 243,816.10 tonnes, respectively. The breakdown by raw material type is as follows: Flour: 142,074.42 tonnes in 2023, 149,844.73 tonnes in 2024, and 143,945.46 tonnes in 2025. Oil: 35,407.22 tonnes in 2023, 37,177.30 tonnes in 2024, and 35,096.31 tonnes in 2025. Seasonings: 36,024.77 tonnes in 2023, 38,595.47 tonnes in 2024, and 40,299.10 tonnes in 2025. Agricultural products: 22,875.40 tonnes in 2023, 24,865.76 tonnes in 2024, and 23,296.65 tonnes in 2025. Other raw materials: 1,401.87 tonnes in 2023, 1,075.29 tonnes in 2024, and 1,178.58 tonnes in 2025.

Performance Achievements (Impact & Results)

The Company’s commitment to enforcing policies and fostering supplier engagement has enabled it to build a high-standard, transparent supply chain network that is well-prepared to drive sustainability.

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1 %

ESG Screening for New Suppliers

1 %

Supplier Risk Assessment
Thai red and green chilis or Prik chee fah also sometimes known as Birds Eye chile pepper fiery peppers rated at 50,000 to 100,000 scoville units

Long-term Targets (Commitment)

The Company is committed to continuously maintaining 100% achievement in supplier risk assessment and ESG screening for new suppliers, while expanding the traceability coverage of raw materials to further strengthen consumer confidence and foster a sustainable business ecosystem across the value chain.

Towards a Sustainable and Transparent Supply Chain

Progress in Responsible Supply Chain Management

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