Sustainability

Sustainability Network

Sustainability

Sustainability Network

Sustainable Development Goals
 





Management Approach

Sustainability Network

PTT recognizes the importance of creating sustainability networks and alliances that are not limited to just PTT Group and our subsidiaries. We are committed to solidifying the link between all stakeholder groups along the value chain as we support our organization in realizing our vision and goals, efficiently and sustainably. To that end, as a member of various associations in both the national and global levels, PTT continues to be part of the collective force behind countless operations that support national direction and targets, as well as the Sustainable Development Goals (SDGs). A wide collaboration among all sectors is essential, and as each partakes in the joint effort to drive forward sustainability, through application of knowledge, technology, and innovation, shared values between stakeholders are created and competition rises to the next level. 

Collaborative Networks in Sustainability at the National LevelGRI 102-12

PTT maintains membership in a variety of networks such as:

Network

Values and Benefits to PTT and Stakeholders


Petroleum Institute of Thailand: PTIT

  • Enhanced organizational and personnel development in the petroleum and petrochemical businesses
  • Research in legal practices and compliance readiness with regards to laws in the petroleum business

Federation of Thai Industries: F.T.I.

  • Participation and support in implementing government policies together with other private sector entities in addition to being a compliance leader for such policies


    Thailand Business Council for
    Sustainable Development: TBCSD

    • Participation in initiatives to improve the quality of life and support social and environmental development projects
    • Support for the advancement of sustainability development policies and strategies


    Thai Listed Companies Association

    • Act as a mediator between listed company and regulatory agencies as well as develop learning programs for listed companies such as rules and guidelines related to listed companies.


    Thailand Environment Institute

    • Development of public and private sector personnel, local groups, and any interested individual in the environment and conservation of natural resources


    Oil Industry Environmental Safety Group Association

    • Joint knowledge exchange and personnel development in oil spill prevention and response
    • Support for emergency response teams, equipment, and tools in responding to domestic oil spills
    Thai Institute of Directors
    • Development of skills and exchange of knowledge on corporate governance best practices for the Board  
    • Participation and involvement in anti-corruption efforts

    Global Compact Network Thailand: GCNT
    • Stronger position as the leader in sustainability development on a national scale as we move forward in taking action to address climate change with over 80 organizations, including access to broader communication channels to publicize and provide insight into PTT’s performance in multiple dimensions of sustainability; in 2021, we declared our commitment to fight climate change and took part in the discussion at the “GCNT Forum 2021: Thailand’s Climate Leadership Summit 2021”
    • Enhanced human rights management in business operations per international standards


    Thailand Carbon Neutral Network: TCNN

    • Member as of 2021
    • Stronger efforts in reducing greenhouse gas emissions to create sustainable growth in an eco-friendly society and achieving net-zero emissions in line with the global community’s intent


    RE100 Thailand  Club (RE100)

    • Charter Member as of 2021
    • Participation and involvement in proposing various policies to government agencies and driving the national industry towards 100% renewable energy (RE100) usage

    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.

    COMMUNICATION ON PROGRESS: CoP 2021

    CriterionDescriptionPage
    1 The CoP describes mainstreaming into corporate functions and business units.
    2 The CoP describes value chain implementation.
    3 The CoP describes robust commitment, strategies or policies in the area of human rights.
    4 The CoP describes effective management systems to integrate the human rights principles.
    5 The CoP describes effective monitoring and evaluation mechanisms of human rights integration.
    6 The CoP describes robust commitment, strategies or policies in the area of labor.
    7 The CoP describes effective management systems to integrate the labor principles.
    8 The CoP describes effective monitoring and evaluation mechanisms of labor principles integration.
    9 The CoP describes robust commitment, strategies or policies in the area of environmental stewardship.
    10 The CoP describes effective management systems to integrate the environmental principles.
    11 The CoP describes effective monitoring and evaluation mechanisms for environmental stewardship.
    12 The CoP describes robust commitment, strategies or policies in the area of anti-corruption.
    13 The CoP describes effective management systems to integrate the anti-corruption principles.
    14 The CoP describes effective monitoring and evaluation mechanisms for the integration of anti-corruption.
    15 The CoP describes core business contributions to UN goals and issues.
    16 The CoP describes strategic social investments and philanthropy.
    17 The CoP describes advocacy and public policy engagement.
    18 The CoP describes partnership and collective action.
    19 The CoP describes CEO commitment and leadership.
    20 The CoP describes Board adoption and oversight.
    21 The CoP describes stakeholder engagement.

    PTT’s UNGC Communication on Progress 2021

     


    Key Performance

    Summary of key collaboration national and international efforts n 2021

    NetworkNational/
    International
    Key ActivitiesValue to StakeholdersValue to PTT
    Global Compact Network Thailand: GCNT National Declared our commitment to fight climate change and took part in the discussion at the “GCNT Forum 2021: Thailand’s Climate Leadership Summit 2021”. Raised awareness of the role businesses are playing in driving sustainability and helping to achieve the United Nations Sustainable Development Goals (SDGs). Strengthened leadership in driving sustainability on the national stage and taking action to address climate change with over 80 member organizations, including having broader communication channels to publicize and provide insights into PTT’s performance in multiple dimensions of sustainability.
    Thailand Business Council for Sustainable Development: TBCSD National Declared our commitment to drive Thailand’s corporate sector towards Sustainability at the “TBCSD Annual Event 2021: Vision 2050”. Supported sustainability in the economic, social, and environmental dimensions, as well as exchanged experiences and knowledge with global business networks such as the WBCSD about Vision: 2050: Time to Transform Business. Demonstrated PTT’s commitment in driving Thailand’s business sector towards sustainability and our social responsibility with over 40 network partners, both nationally and internationally. 
    Thailand Carbon Neutral Network: TCNN National PTT became a member and was elected Chairman of the Board of this network. promote collaboration across the public, private, and local/community sectors in a joint effort towards reducing greenhouse gas emissions to create sustainable growth in an eco-friendly society and achieving net-zero emissions, in line with global intent. effort towards reducing greenhouse gas emissions to create sustainable growth in an eco-friendly society and achieving net-zero emissions, in line with global intent.


    Membership fees and other spending
    GRI102-13, GRI415-1

    TypeOrganizationMembership Fee (Baht)
    2018201920202021
    Lobbying, interest representation or similar None 0 0 0 0
    Local, regional or national political campaigns / organizations / candidates None 0 0 0 0
    TypeOrganizationMembership Fee (Baht)
    2018201920202021
    Trade associations or tax-exempt groups  (e.g. think tanks, sustainability network) Federation of Thai Industries (F.T.I.) 241,820 241,820 370,220 359,520
    Thai Chamber of Commerce 24,610 24,610 - 24,610
    World Business Council for Sustainable Development (WBCSD) 2,671,976 2,484,928 2,733,232 3,201,138.00
    Petroleum Institute of Thailand (PTIT) 3,946,382 4,263,128 3,644,500 4,139,535.70
    Thai Institute of Directors (IOD) 2,461,000 1,605,000 535,000 535,000.00
    Thai Listed Companies Association (Thai LCA) 7,490 7,490 26,750.00 26,750.00
    World Economic Forum (WEF) 6,495,660 6,495,660 6,495,660 6,495,660.00
    Thailand Management Association (TMA) - 2,000,000 2,000,000 2,000,000
    UN Global Compact (UNGC) 676,854 609,164 620,794 595,046.00
    Total contributions and other spending 16,525,792 17,981,800.15 16,926,156.00 17,877,259.70

    Remark: PTT has no contribution in lobbying, interest representation or similar and local, regional or national political campaigns/ organizations/ candidates.


    In 2021, the top five membership fees were for the World Economic Forum (WEF), Petroleum Institute of Thailand (PTIT), World Business Council for Sustainable Development (WBCSD), Thailand Management Association (TMA), and UN Global Compact (UNCG), which are all non-profit organizations, foundations, and trade associations.

    Issue or TopicCorporate PositionDescription of Position / EngagementTotal spend in 2021 (Bath) 

    Supporting the Constitutionally-mandated 20-Year National Strategy of Thailand in terms of establishing the infrastructures in the Eastern Economic Corridor of Innovation (EECi) in response to PTT New S-Curve Direction towards Innovation by collaborating with “The Federation of Thai industries (F.T.I)” and The Thai Chamber of Commerce (TCC). The infrastructure PTT had supported covered about 3000 rai at Wang Chan Valley, Rayong Province. Several supporting infrastructures were already established, namely KVIS, VISTEC, and Wangchan Reforestation Project.

    The EECi is part of the Eastern Economic Corridor (EEC) development plan overseen by EEC Policy Committee, chaired by Prime Minister.

    Support

    Since Thailand has planned to develop EEC to become a business hub and EECi was proposed by EEC Policy committee, PTT’s stance is to provide representatives to collaborate with FTI and TCC within EEC Committee to support Thailand’s Strategy and endorse City Plan for EECi.

     As a result, PTT became responsible in developing areas. PTT supported the extended collaboration with key partners including, the National Science and Technology Development Agency (NSTDA) to develop 4 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. In addition, The Provincial Electricity Authority (PEA) joint effort to develop effective electricity management system, with pilot projects in EECi.
    384,130

    Supporting public policies related to Climate action, etc. by collaborating with public sector (the Ministry of Natural Resources and Environment, the Ministry of Energy and Thailand Greenhouse Gas Management Organization (Public Organization):TGO) and Sustainability Network (Thailand Carbon Neutral Network: TCNN)

    Support

    In 2021, Thai authorities are teaming up to determine possibility of Net-Zero Carbon in Thailand. PTT as a private sector also collaborated with the policy owners drafting Thailand Net-Zero Carbon master plan. At a meeting with the Ministry of Natural Resources and Environment and the Ministry of Energy, PTT 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.

    500,000