Forbes Forum 2023 united the Next Tycoons in envisioning a business direction that embraces sustainable practices, emphasising their significance as fundamental principles rather than passing trends.
On July 26th, Forbes Thailand hosted The Next Tycoons Forum 2023, centred around the theme "Synergy for Sustainability." The event brought together a diverse group, including young and promising entrepreneurs, family business pioneers and successors, and representatives from the financial sector. The primary objective was to engage in critical discussions concerning the trajectory and trends of sustainable business practices, which hold paramount importance on a global scale. The forum thoughtfully comprised two panels: "Sustainable City: Driving Urban Innovations for a Resilient Future" and "The Power of Synergy." Through these platforms, insightful dialogues took place, empowering the audience to shape a more sustainable and prosperous future.
The first panel, "Sustainable City: Driving Urban Innovations for a Resilient Future," featured distinguished speakers from the Next Tycoons group: Darika Lathapipat, Chairman of the Board of Governors at Wellington College International School Bangkok; Pratarnporn Phornprapha, Chief Executive Officer of Rêver Automotive; Apichat Praditsmanont, Vice President of Research & Innovation for the Sustainability Center (RISC) by MQDC; and Panitsanee Tansavatdi, Executive Director of Corporate Banking at UOB Thailand. All members of the Next Tycoons shared the common conviction that sustainability must be an integral aspect embraced by every organisation as a guiding principle.
In education, integrating sustainability-related topics into curricula plays a pivotal role in raising children's awareness of its significance. Schools exemplify this, nurturing a conscious and adaptable new generation prepared to tackle global challenges as sustainability seamlessly blends with personal growth. Similarly, in business, sustainability takes precedence from the outset, with companies meticulously planning and promoting eco-friendly practices to reduce carbon emissions, necessitating collaboration among stakeholders for maximum impact. Moreover, businesses also prioritise resource efficiency, embracing principles like "Reduce, Reuse, and Recycle," showcasing their deep commitment to building a resilient and environmentally-conscious future. Concurrently, the financial sector also emphasises sustainable lending, supporting environmentally conscious supply chains. Forward-thinking leaders embrace sustainability as a guiding principle, fostering cross-industry collaboration, and securing a prosperous and resilient world for generations to come.
The second panel, "The Power of Synergy," showcased distinguished figures, including Gunkul and Naruechon Dhumrongpiyawut, Chairman of the Board of Directors and COO and Strategic Investment & Sustainable Energy Business of Gunkul Engineering Public Company Limited; Krai and Nattaphol Vimolchalao, Executive Director and Chief Executive Officer of Siamrajathanee Public Company Limited; Vatcharaphol Vimolchalao, Chief Executive Officer of Vinyltec Industry Company Limited; and Purit Laosiritaworn, Senior Vice President (Certified Financial Planner)
Personal Financial Services of UOB Thailand. This gathering of pioneering and succeeding generations underscored the universal significance of sustainability as a fundamental prerequisite that all business owners must prioritise.
Throughout different eras, businesses have undergone significant transformations. The earlier generation faced challenges without much emphasis on sustainability, relying on learning and perseverance for success. Nowadays, sustainability is paramount, particularly for companies in renewable energy, that integrate it into their core operations. During business succession, diverse perspectives may emerge, and effective communication is crucial for a seamless transfer between generations. Furthermore, modern technologies play a pivotal role in supporting sustainability initiatives. In the financial sector, smooth business transfers take precedence, going beyond credit services to include comprehensive family financial management and estate planning. These efforts contribute to a sustainable future for society, the environment, and the global landscape. Together, they lead to a prosperous future where businesses harmonise with society through sustainable practices.
The Forbes Forum 2023 acted as a catalyst, igniting a collective vision among the next tycoons for sustainable business practices. The influential gathering fostered meaningful dialogues, intertwining education, business, environment, society, and the world. Through empowering communication and conscious action, these trailblazers shape a world where businesses thrive hand in hand with a sustainable society, leading towards a harmonious and resilient future.
