PTT leveraged our membership in the sustainability networks of the aforementioned organizations and successfully built a collaborative network among both public and private sector entities in our development of the Eastern Economic Corridor of Innovation (EECi) at Wang Chan Valley, Wang Chan District, Rayong Province. The area is an innovation hub with a complete innovation ecosystem, serving as a national center for advanced research and innovation development. A Special Economic Zone per the Eastern Economic Corridor Office of Thailand (EECO), the EECi also receives incentive support from the Board of Investment of Thailand (BOI). The EECi’s key partners and their roles include:

• The National Science and Technology Development Agency (NSTDA) plans, develops, and manages the Wang Chan Valley area to strengthen national capabilities in research and comprehensive innovation in four areas:
  
  • BIOPOLIS - industrial development under a bio-based economy  
  • ARIPOLIS - research development and industrial innovation in automation, robotics and intelligence systems
  • SPACE INNOPOLIS - technological development in aeronautics, astronomy, and geoinformatics  
  • FOOD INNOPOLIS - development of the food industry with science, technology, and innovation
• The Office of the National Broadcasting and Telecommunications Commission (NBTC), Civil Aviation Authority of Thailand (CAAT), Advanced Info Service Public Company Limited (AIS), and True Corporation Public Company Limited supported the use of the “5G Playground” system as an experiment to test innovations that would require 5G networks to operate, such as IoT devices or industrial intelligence systems. This also includes being able to use “UAV Regulatory Sandbox” or permission to fly drones for innovation research purposes in the Wang Chan Valley area, as a special case to further the development of new innovations.
• The PTT Exploration and Production Public Company Limited (PTTEP) has established the PTTEP Technology Innovation Center (PTIC) for innovation research in technological developments to support the petroleum exploration and production business, including technologies in artificial intelligence (AI) and Robotics, as well as to serve as a campus for the training and learning of PTTEP personnel. 
• The Provincial Electricity Authority (PEA) has pioneered a joint effort to develop an efficient and effective electricity management system, with pilot projects in flight in the EECi area.
• The Synchrotron Light Research Institute (SLRI) has initiated the “Synchrotron Light Generator Project'' where the power level of the light source is 3 GeV. The effort and its findings can be applied to fundamental scientific research and analysis of atomic and molecular properties as well as in areas of medicinal science and industrial development.

In addition, PTT contractually partnered with multiple companies, such as WHA Utilities and Power Public Company Limited (WHAUP), to collaborate on wastewater treatment and management operations using advanced and green technology. Wastewater is recycled and reused to water plants in the area, effectively supporting the community in Wang Chan Valley, and the process itself can further serve as an onsite exhibition on wastewater treatment technologies for interested individuals in the future. We also joined forces with the Eastern Water Resources Development and Management Public Company Limited (Eastwater) in operating tap water production and services, and the Global Power Synergy Public Company Limited (GPSC) in developing, designing, and managing solar-powered electricity generation systems (renewable energy). Finally, we support talent development and education and are always seeking opportunities to combine efforts in the research and development of innovations that will serve as bridges between businesses.

As an overview of the EECi as of the 2021 year-end, construction of infrastructure and utility systems has been fully completed, and the EECi is ready to serve partners and interested parties.

Collaborative Networks in the Domestic Energy Sector

At a meeting with the Ministry of Natural Resources and Environment and the Ministry of Energy, we presented our proposal on climate change policy and long-term low greenhouse gas emissions strategy. The proposal consists of the following six primary measures: adjustment of electricity-generation fuel mixture and low-carbon fuel consumption; increasing the country’s market share of electric vehicles; zero-waste management in landfills through new economic models, such as the BCG model which integrates Bio-Circular-Green economies; use of low-carbon products and services; moving towards Zero-Burn and Smart Farming through the BCG economic model and digital technologies; and carbon capture, storage, and utilization along with hydrogen technologies.

Collaborative Networks in Sustainability at the International level

Since 2005, PTT has been a member of the World Business Council for Sustainable Development (WBCSD), a network of CEOs from over 40 organizations worldwide with a shared belief of “Thinking Forward” to create a sustainable future for businesses, society, and the environment. This reflects our commitment to drive Thailand’s corporate sector towards sustainability and our social responsibility. In 2021, our steadfast intention was conveyed in the “TBCSD Event 2021: Vision 2050”.

PTT is also a member of the UN Global Compact or UNGC. We have been promoting good governance, transparency, and responsibility across all PTT Group subsidiaries in the respective countries of operation by upholding the principles of the Extractive Industries Transparency Initiative (EITI). These are consistent with the 10 UNGC principles we adhere to as well.

UN Global Compact: UNGC

PTT has joined the UN Global Compact (UNCG) since 2012 to support the Principles of the UN Global Compact on human rights, labor, environment and anti-corruption. As an active participant, PTT submits the Communication on Progress (CoP) report or the Corporate Sustainability Report to UNGC annually to disclose the implementation of sustainable actions.

PTT Group manages sustainability in alignment with PTT Group’s Sustainability Management This was achieved through the implementation of PTT Group’s sustainability management policy regarding governance. It also proceeds according to PTT Group’s sustainability management standard to support 10 principles of UN Global Compact.

Management Director and President’s Commitment

10 PRINCIPLES OF UNGC 

Human Rights 

Principle 1: Businesses should support and respect the protection of internationally proclaimed human rights.
Principle 2: Businesses should make sure that they are not complicit in human rights abuses.

Labor

Principle 3: Businesses should uphold the freedom of association and the effective recognition of the right to collective bargaining.
Principle 4: Businesses should uphold the elimination of all forms of forced and compulsory labor.
Principle 5: Businesses should uphold the effective abolition of child labor.
Principle 6: Businesses should uphold the elimination of discrimination in respect of employment and occupation.

Environment

Principle 7: Businesses should support a precautionary approach to environmental challenges.
Principle 8: Businesses should undertake initiatives to promote greater environmental responsibility.
Principle 9: Businesses should encourage the development and diffusion of environmentally friendly technologies.

Anti-Corruption

Principle 10: Businesses should work against corruption in all its forms, including extortion and bribery.