firms demonstrated an improvement vis-à-vis the results from the previous inspection cycle. Such improvement was undoubtedly enabled by the formulation of audit firms’ root cause analysis process and
business (21% of 1Q 2018 LTM volume). The structural improvement in the commodity cycle resulted in 1Q 2018 EBITDA contribution from the Necessities business of $567 million surpassing the contribution from
from the first inspection cycle (2010-2012) to 2019, the first year of the 4th inspection cycle (2019-2021), showed promising overall improvement despite the SEC’s more intensive inspection in several
%, driven by structural improvement in the commodity cycle and strong demand across geographies. Core EBITDA per ton of $139, up 32% YoY, driven by uptrend in PET margins and significant recovery in Asia
and Exchange Commission Independent Audit Inspection Activities Report Independent Audit Inspection Activities Report for the 1st Cycle 1 October 2010 - 31 December 2012 Introduction Quality Assurance
individual auditors’ engagement. The overall results of the inspection conducted on 13 audit firms in 2016 during the third cycle, which is between 2016 to 2018, indicated continuous improvement from the
Disclosure Introduced Corporate Target Life Cycle Assessment GHG Scope 1& 2 Accounting 2017 Life Cycle Assessment (Asian sites) Third Party Performance Evaluation Sustainability Data Management GHG Scope 3
“Need Improvement” and subject to mandatory follow-up in the next cycle has dropped significantly. This progress was contributed by audit firms’ continuing emphasis on quality improvement. Heads - 02 - of
. One of the factors contributing to such improvement was the SEC’s emphasis on the importance of monitoring which is an essential tool for improving audit quality. However, in the 3 inspection cycle, the
gas-fired combined cycle cogeneration power that commenced COD on February 1, 2018. It has an installed capacity of 133 MW and sells electricity to EGAT 90 MW under a 25-year PPA. The Project was able