Sustainability

Sustainability Network

Sustainability

Sustainability Network

Sustainable Development Goals

Support for the Sustainability Network^{GRI 2-28}

PTT recognizes that driving Thailand toward economic resilience, ensuring the well-being and security of its citizens, and achieving long-term, balanced sustainability across all dimensions requires robust and continuous collaboration from all sectors, both domestically and internationally. To this end, PTT prioritizes enhancing its engagement with sustainability networks and partners, both within and outside the PTT Group. This includes working with organizations, trade associations, institutions, government entities, and non-profit organizations. PTT has consistently maintained this collaborative approach, grounded in its commitment to good corporate governance, risk management, compliance with laws, regulations, and corporate rules, anti-corruption, and adherence to good corporate governance principles and high business ethics. Decisions regarding support and cooperation with these partners and networks are made with a strong emphasis on transparency and accountability.

Position and Approach to Supporting the Sustainability Network

PTT has clearly defined its position in supporting and joining sustainability networks and partnerships, aiming to "Driving Thailand towards enduring low-carbon development. This commitment includes a proactive approach to addressing climate change promptly and supporting the organization's long-term goals of reducing greenhouse gas emissions. PTT aims to achieve interim Carbon Neutrality by 2040 and Net Zero Emissions by 2050, thereby contributing to efforts to limit global temperature rise to below 2 degrees Celsius." PTT’s approach to supporting sustainability networks and partnerships primarily involves paying membership fees, with no involvement in political lobbying or other external interests. PTT does not provide financial support or resources to political parties or individuals with political affiliations, other than fulfilling its tax obligations and payments to the government in accordance with good corporate governance principles, business ethics, and business codes of conduct.

PTT is committed to supporting sustainability networks and partnerships with the following key objectives:

To develop and promote best practices in Sustainability, Human Rights, Safety, Security, Occupational Health, and Environment (SSHE) within the oil and gas industry and related sectors.
To support business operations aligned with Thailand’s national policies, and contribute to achieving the Sustainable Development Goals (SDGs), specifically in creating a low-carbon society, and attaining carbon neutrality and net-zero greenhouse gas emissions, in line with PTT’s and Thailand’s commitments under the Paris Agreement.

Oversight of Support for Sustainability Networks

PTT has defined roles and responsibilities for overseeing its participation in sustainability networks as follows:

Board Level: The Board provides guidance and approval for participation in sustainability network activities, including lobbying activities, based on reports submitted by the responsible department, in accordance with the annual regulatory framework.
Management Level: Executive Vice President, Sustainability Strategy and Management Unit is responsible for screening and providing input on decisions related to participation, monitoring activities, and reviewing progress. Proposals are submitted to the Board or authorized executives for approval on an annual basis.

Process for Monitoring and Reviewing Alignment of Sustainability Network Activities with the Paris Agreement

PTT evaluates its participation in sustainability networks based on the objectives and activities of the network to determine whether they align with PTT's sustainability stance. If a network or partner is found to have objectives or activities that do not align with PTT’s sustainability goals—such as achieving a low-carbon society and reaching net-zero greenhouse gas emissions in accordance with the Paris Agreement—PTT will reassess its involvement. In such cases, discussions will be held with the network or partner to review and adjust operations within a specified timeline. If alignment cannot be achieved, PTT will terminate its membership with that network or partner.

Sustainability Network Support List

In 2024, PTT conducted a review of its network and partnership activities, both domestically and internationally, including organizations, trade associations, institutions, government bodies, and non-profit organizations. The review confirmed that all of these networks and partners continue to operate in alignment with PTT’s sustainability goals, particularly in the pursuit of a low-carbon society and the achievement of net-zero greenhouse gas emissions, as outlined in the Paris Agreement. The updated list is as follows:

Collaboration with national and international sustainability networks and partners^{GRI 2-28}

Network/ Partnership	Level	Objective of Network/ Partnership	PTT’s Roles and key performance in 2024
Federation of Thai Industries (F.T.I.)	National	Exchange of information and insights Collaboration in the development of the industry Engaging target groups, including operators across all industry types and sizes	PTT is a member and actively participates in the committee.
Thai Chamber of commerce	National	Exchange of information and insights	PTT is a member and actively participates in the committee.
World Business Council for Sustainable Development (WBCSD)	International	To develop operational practices and establish regulations that foster sustainability for the global business sector, while promoting the transfer of sustainable development capabilities to developing countries. This includes focusing on climate change management, environmental challenges, and social inequality.	PTT is a member, with the CEO and President serving as a council member, and the Executive Vice President Sustainability Strategy and Management appointed as the liaison delegate.
Petroleum Institute of Thailand (PTIT)	National	Monitor and analyze environmental laws and policies: To provide members with the latest information and enable them to adapt to evolving regulations. Promote adherence to environmental laws and standards: By creating practical guidelines and offering consultation to members. Develop technologies and innovations for environmental protection: For example, studying and developing Predictive Emission Monitoring Systems (PEMS). Collaborate with government and private sector agencies: To jointly address environmental challenges and drive sustainable development. Raise awareness and understanding of environmental issues: Through training programs and information sharing.	Engage in discussions to advance environmental initiatives within the petroleum and petrochemical industries, focusing on tackling real-world environmental challenges and developing best practices to ensure alignment with relevant laws and standards.
Thai Institute of Directors (IOD)	National	Enhance skills and facilitate the exchange of knowledge on good corporate governance for board members. Contribute to the advancement of good corporate governance practices and tackle fraud and corruption issues in Thailand. Strengthen operational standards to effectively manage corruption risks, improving efficiency and transparency.	PTT is an active member of the association. Update and disclose information in the Annual Registration Statement/ Annual Report 2024 (56-1 One Report) and PTT's website to align with the Corporate Governance Report for Thai Listed Companies (CGR), focusing on sustainable business practices, non-financial disclosures, and a more proactive leadership role for the board. Achieved an "Excellent" rating in corporate governance evaluation for the 16th consecutive year in the Corporate Governance Report of Thai Listed Companies (CGR) 2024. Continues to be recognized as a member of the Thai Private Sector Collective Action Against Corruption (CAC) for the 4^thconsecutive year.
Thai Listed Companies Association (Thai LCA)	National	To serve as a bridge between listed companies and regulatory authorities, playing a vital role in developing professional knowledge for listed companies, such as regulations and best practices related to listed companies and sustainable business practices.	PTT is a member of the Thai Listed Companies Association and the ESG network. Currently, the executive vice president, corporate secretary, and corporate affairs serves as a board member of the corporate secretary club, which is an affiliate of the Thai Listed Companies Association.
World Economic Forum (WEF)	International	To engage with national leaders, top executives of leading global corporations, multinational oil companies, national oil companies, and businesses in emerging sectors to establish a network of strategic business partnerships.	The CEO and the executive team of PTT attended the WEF Annual Meeting 2024, where they monitored industry trends, geopolitics, and business policies that support the transition to clean energy. The insights gained were applied to align with the Company’s strategic goals. Additionally, they held bilateral meetings with business leaders to explore potential opportunities for collaboration and partnership.
Thailand Business Council for Sustainable Development (TBCSD) and Thai Environmental Institute	National	To support the implementation of policies and strategies for sustainable development. To collaborate with key environmental organizations and build networks at various levels to promote public benefit, sustainable development, and social responsibility. To strengthen the capacity of government, private sector, local communities, and interested individuals in both environmental and natural resource conservation efforts.	PTT is an active member, with: The CEO and the President serving as Council Members. The Executive Vice President of Strategy and Sustainability holding the position of Associate Member. Committing to the goal of "TBCSD Towards a Sustainable Future" at the 2024 TBCSD Annual Event.
United Nations Global Compact (UNGC)	International	To promote the private sector to engage in business activities that align with human rights principles and the United Nations Sustainable Development Goals. PTT conducts its operations responsibly, supports the achievement of sustainable development goals, and adheres to the 10 universal principles of the UN Global Compact.	PTT is a member of the UN Global Compact (UNGC). PTT submits its annual progress report (Communication on Progress: CoP) or sustainability report to the UN Global Compact to transparently disclose its sustainability performance each year.
Global Compact Network Thailand (GCNT)	National	To strengthen PTT's leadership in sustainability at the national level, with a particular emphasis on tackling climate change and addressing biodiversity challenges. To expand and improve channels for effectively communicating and disseminating sustainability performance across all areas of PTT's operations. To advance human rights management practices in business operations, ensuring alignment with international best practices.	PTT is a founding member of the association, alongside more than 110 organizations. The CEO and President represent PTT on the founding committee, while the Deputy CEO for Sustainability holds the position of Vice President of the association and serves on its Board of Directors. In 2022, PTT publicly committed to managing, establishing policies, and utilizing biodiversity in a sustainable and equitable manner throughout its entire supply chain. This initiative supports the country’s goal of protecting at least 30% of terrestrial and marine areas by 2030. Furthermore, PTT participated in the GCNT FORUM 2022, joining a panel discussion on "Accelerating Business Solutions to Tackle Climate & Biodiversity Challenges."
Thai Renewable Energy (RE100) association	National	Advocate for policies to the government and act as a driving force for Thailand’s transition to 100% renewable energy (RE100) across industries. Serve as a critical tool for Thailand to meet its greenhouse gas reduction targets, achieving net-zero carbon emissions and aligning with the Paris Agreement’s goal to limit global temperature rise to 1.5°C by 2100. Support the transformation of Thailand's industries towards a clean energy future, positioning the country as a leading investment hub in ASEAN. Strengthen industrial capabilities and boost Thailand’s global competitiveness.	PTT is a founding member.
Oil Spill Response Limited (OSRL)	International	Mitigate the risk in the event of an oil spill when the situation cannot be managed independently and requires international assistance. Reduce the financial burden associated with preparing for or acquiring necessary equipment for incident response. Foster knowledge exchange and collaborative workforce development in oil spill prevention and cleanup. Provide support for emergency response teams, equipment, and tools for cross-border oil spill remediation.	PTT is a member and a primary participant under the PTT Group.
Oil Industry Environmental Safety Group Association (IESG)	National	Mitigate the risks associated with oil spills in cases where the incident cannot be managed independently. Reduce costs related to the preparation and/or procurement of equipment necessary for incident response. Facilitate knowledge exchange and collaborative development of personnel in oil spill prevention and remediation. Provide support for emergency response teams, equipment, and tools required for oil spill cleanup within the country.	PTT has joined as a member and holds the following positions: Manager of the Policy and Standards Division for Quality, Safety, Security, Occupational Health, and Environment, serving on the Board of Trustees. Manager in the Operations Excellence Development Division, serving on the Main Committee.
Thailand Carbon Neutral Network (TCNN)	National	Promote and support organizations in assessing the feasibility, defining operational strategies, and setting carbon-neutral goals at the organizational level. Strengthen the collective benefits of sustainable development through greenhouse gas reduction initiatives and projects. Facilitate the creation of platforms for knowledge-sharing among organizations within the network to effectively manage and reduce greenhouse gas emissions. Advocate for government incentives, supportive measures, and access to funding or other forms of assistance to encourage active participation in greenhouse gas reduction efforts. Drive the growth of greenhouse gas reduction activities and projects, creating added value through the certification and trading of carbon credits within the country.	The senior executives of PTT hold the following leadership positions within the TCNN network: The Chief Executive Officer and President serves as the Chairperson of the Carbon Neutral Network Thailand Board of Directors (Council Board). The Executive Vice President for Corporate Sustainability serves as the Chairperson of the Carbon Neutral Network Thailand Executive Committee. PTT is a member of the Climate Action Leading Organization (CALO) category and actively participates in the Climate Neutral Now initiative under the United Nations Framework Convention on Climate Change (UNFCCC). PTT has been recognized as an Outstanding CALO organization, with evaluation results and emissions reductions rated at the gold level.

Membership Fees for Networks and Partners Joined by PTT^{GRI 2-28, GRI 415-1}

In 2024, the top five memberships include the World Economic Forum (WEF), the Petroleum Institute of Thailand (PTIT), the World Business Council for Sustainable Development (WBCSD), the United Nations Global Compact (UNGC), and the Thai Institute of Directors (IOD).

Organizations	Categories	Membership Fee / Political Sponsorship Fee (Baht)
Organizations	Categories	2021	2022	2023	2024
Financial support related to lobbying and representation of interests	Contributions in Lobbying, interest representation or similar	0	0	0	0
Financial contributions to political campaigns at the local, regional, or national levels/ organizations/ candidates	Contributions in local, regional or national political campaigns/ organizations/ candidate	0	0	0	0
The Federation of Thai Industries (F.T.I.)	Trade Association	359,520	363,520	342,400	350,960
The Thai Chamber of Commerce	Trade Association	24,610	24,610	24,610	24,610
World Business Council for Sustainable Development (WBCSD)	Sustainability Networks/ Associations/ Institutes	3,201,138	3,434,895	3,594,600	3,867,000
Petroleum Institute of Thailand (PTIT)	Sustainability Networks/ Associations/ Institutes	4,139,536	3,973,736	3,922,725	4,030,167
Thai Institute of Directors (IOD)	Sustainability Networks/ Associations/ Institutes	535,000	535,000	535,000	535,000
The Thai Listed Companies Association (Thai LCA)	Sustainability Networks/ Associations/ Institutes	26,750	26,750	26,750	26,750
World Economic Forum (WEF)	Trade Association	6,495,660	7,616,869	7,351,938	7,107,858
Thailand Business Council for Sustainable Development (TBCSD) and the Thai Environmental Institute (TEI)	Sustainability Networks/ Associations/ Institutes	500,000	250,000	250,000	250,000
United Nations Global Compact (UNGC)	Sustainability Networks/ Associations/ Institutes	595,046	653,798	1,050,000	1,050,000
Thailand Renewable Energy (RE100) Association	Sustainability Networks/ Associations/ Institutes	-	55,350	2,140	2,140
-	Others (Not related to voting)	0	0	0	0
Total		15,877,260	16,934,528	17,100,163	17,244,485

Collaboration within the National Energy Sector Network^{GRI 2-28}

PTT, in partnership with PTT Exploration and Production Public Company Limited (PTTEP), developed the voluntary greenhouse gas reduction methodology (Premium T-VER Methodology) for Carbon Capture and Storage (CCS) in geological formations beneath the earth's surface projects. A draft of this methodology was prepared and presented for discussion with the Department of Mineral Fuels, Ministry of Energy, and the Thailand Greenhouse Gas Management Organization (Public Organization) (TGO), to support Thailand's Long-Term Low Greenhouse Gas Emission Development Strategy (LT-LEDS). CCS is a crucial technology to help Thailand achieve its carbon neutrality and net-zero greenhouse gas emissions goals.

In 2024, as a key energy organization in Thailand, PTT also supported the work of government agencies such as the Department of Climate Change and Environmental Management and the Thailand Greenhouse Gas Management Organization (Public Organization) (TGO), as well as sustainability networks (the Carbon Neutral Thailand Network). PTT contributed to the Thailand Climate Action Conference (TCAC 2024), sharing knowledge and experiences to promote climate action. Additionally, PTT supported the organization of public-facing climate change activities aimed at fostering knowledge exchange, raising awareness, and disseminating information about climate action efforts to government bodies, local authorities, partners, the private sector, academic institutions, and the public, totaling 1,620,000 baht.

Key Role in Driving Government Policies: Development of the Eastern Economic Corridor of Innovation (EECi)

Through its involvement in various sustainability networks and collaborations with leading institutions and organizations, PTT has successfully spearheaded the creation of a collaborative network between both public and private sectors to develop the Eastern Economic Corridor of Innovation (EECi) in Wangchan Valley, Wangchan District, Rayong Province. This initiative aims to build a comprehensive innovation ecosystem, establishing the region as the country's premier center for advanced research and development. The project is designed to foster innovation with practical applications, in line with the vision of sustainable development, ultimately aiming for Wangchan Valley to become the Pride of Thailand. In support of this endeavor, PTT has received backing for the declaration of the Special Economic Zone (SEZ) and associated benefits from the Eastern Economic Corridor Policy Committee (EEC) and the Board of Investment of Thailand (BOI).

PTT has developed the project area by establishing modern infrastructure, public utilities, and facilities, all while preserving green spaces and prioritizing environmental sustainability. This has been achieved through collaboration with key partners as follows:

Global Power Synergy Public Company Limited (GPSC) develops, designs, and manages solar power generation systems (Renewable Energy), while also efficiently planning and managing energy in the Wang Chan Valley area.
WHA Utilities and Power Public Company Limited (WHAUP) operates wastewater treatment using cutting-edge technology with a focus on environmental sustainability. The treated wastewater is recycled for irrigation within the project, effectively serving users in the Wang Chan Valley area. Additionally, it can be used as a platform to showcase wastewater treatment technologies to interested parties in the future.
Eastern Water Resources Development and Management Public Company Limited (East Water) is responsible for the production and supply of potable water within the project area.

In addition, in 2023, PTT was officially recognized as the top Smart City in Thailand across all 7 dimensions (Smart City) in the Smart City ranking by area, as announced by the Digital Economy Promotion Agency (depa). PTT has actively supported and promoted the development of an ecosystem to ensure the area meets the following objectives:

1. Establishing a National Center for Advanced Research and Innovation Development in collaboration with key partners:

National Science and Technology Development Agency (NSTDA): The establishment of the EECi Headquarters aims to enhance the country's research and innovation capabilities across four critical areas:
- BIOPOLIS Project: Developing industries under the bioeconomy framework.
- ARIPOLIS Project: Advancing research and innovation in robotics, automation, and intelligent systems.
- SPACE INNOPOLIS Project: Focusing on the development of aerospace technologies, space technologies, and geoinformatics as a central hub and production base.
- FOOD INNOPOLIS Project: Advancing the food industry through science, technology, and innovation.

In addition, the Sustainable Manufacturing Center (SMC) has been established, with the primary goal of advancing Thai industries toward Industry 4.0. The center promotes the use of information technology by industrial operators to improve manufacturing processes.

Synchrotron Light Research Institute (SLRI): In 2026, SLRI plans to begin the construction of a new synchrotron light generator with an energy capacity of 3 GeV within the Wangchan Valley, scheduled to commence operations in 2034. This will become a leading synchrotron light research facility in the Asia-Pacific region, facilitating cutting-edge scientific research, and providing advanced analytical capabilities for atomic and molecular properties, with applications in medical, agricultural, industrial, and other fields.

2. Establishment of a Regulatory Sandbox for Innovation Testing in Four Key Areas:

2.1 The first-ever prototype area for drone research and development testing (Unmanned Aerial Vehicle (UAV) Regulatory Sandbox) in the country provides a testing ground for drones, including tests for drone taxis and beyond visual line of sight flights. This initiative is carried out in collaboration with key partners as follows:

Civil Aviation Authority of Thailand (CAAT) is responsible for regulating, overseeing, and authorizing drone testing operations. CAAT collaborates in the development of the area as a research and development space for unmanned aerial vehicles (UAVs) under the "UAV Regulatory Sandbox," allowing drone flights for innovation research in the Wang Chan Valley area as a special case, fostering the development of new innovations.
Defence Technology Institute (DTI) partners in the development of a prototype ecosystem and innovation hub to elevate the Wang Chan Valley project as a model city for unmanned aerial vehicle (UAV) innovation. This initiative supports educational purposes, research and development, testing, infrastructure, technology, and innovation, along with the development of personnel in UAVs and related innovations, aimed at advancing Thailand’s UAV industry.
Aeronautical Radio of Thailand Co., Ltd. (AEROTHAI) has established a personnel and innovation development center within the Eastern Special Development Zone (AeroThai Metroplex) in the Wang Chan Valley area. The center serves as a venue for advanced training, the development of new knowledge, and the continuous training of aviation personnel. It also aims to develop products, processes, and systems for mission use and further industrial applications, alongside the advancement of integrated technology and innovation that is vital to enhancing the country's competitive edge.
National Institute for Emergency Medicine (NIEM) collaborates on the development of a testing project for emergency medical helicopter operations. This project aims to strengthen the country’s health security by providing fair and universal access to emergency medical services with high-quality, internationally recognized standards. It also serves as a model for emergency medical services in the Eastern Special Development Zone.

2.2 The prototype area for testing autonomous vehicles (Connected and Autonomous Vehicle (CAV) Regulatory Sandbox) focuses on advancing businesses, technologies, and innovations, as well as developing infrastructure systems and intelligent devices for autonomous vehicles. This initiative is carried out in collaboration with key partners as follows:

Department of Science Service (DSS) has established a Connected and Autonomous Vehicle (CAV Proving Ground) to research and develop future mobility technologies. This effort aims to advance the development of testing infrastructure for Thailand’s modern automotive industry in line with international standards. DSS also collaborates to develop Wang Chan Valley as a testing hub for connected and autonomous vehicles (CAV Sandbox), using the project's roads as a Semi-Public Road Proving Ground before extending tests to public roads outside the area.

2.3 The prototype area for telecommunications infrastructure and dedicated frequency services for research and development testing (National Broadcasting and Telecommunications Commission (NBTC) Regulatory Sandbox) is developed in collaboration with key partners as follows:

National Broadcasting and Telecommunications Commission (NBTC) has authorized PTT to coordinate a dedicated regulatory space for the use of special frequencies to develop and test innovations in the Wang Chan Valley area (Regulatory Sandbox).
Advanced Info Service Public Company Limited (AIS), True Corporation Public Company Limited (TRUE), and Total Access Communication Public Company Limited (DTAC) support the “5G Playground” system to test innovations that require 5G networks, such as IoT devices and various smart industrial systems.

2.4 The prototype area for testing electricity trading services (Energy Regulatory Commission (ERC) Sandbox) is developed in collaboration with key partners as follows:

Provincial Electricity Authority (PEA) has launched a joint ERC Sandbox project to efficiently manage the electricity system in the EECi area. This includes a pilot project to test the trading of clean energy between organizations via the PEA Trading Platform.

Furthermore, PTT is in negotiations with various partner companies to develop the Wang Chan Valley area, supporting technology transfer to the industrial sector, human resource development, and educational initiatives. PTT is also exploring collaboration opportunities in research and innovation development that will link businesses and promote sustainable area development, ultimately positioning the area as a Pride of Thailand in the future.

United Nations Global Compact (UNGC)

PTT has been a member of the United Nations Global Compact (UNGC) since 2012, committing to uphold the Ten Principles of the UNGC, which cover human rights, labor standards, environmental protection, and anti-corruption. As part of its membership, PTT submits an annual Communication on Progress (CoP), or sustainability report, to the UN Global Compact, transparently sharing its performance in sustainability.

The PTT Group ensures alignment in its sustainability management efforts by adopting PTT’s sustainability policy and standards to guide and monitor its operations in line with the Ten Principles of the UN Global Compact.

The Ten Principles of the UN Global Compact

Human Rights

Principle 1: Businesses should support and respect the protection of internationally proclaimed human rights.
Principle 2: 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: the elimination of all forms of forced and compulsory labour.
Principle 5: the effective abolition of child labor.
Principle 6: the elimination of discrimination in respect of employment and occupation.

Environment

Principle 7: Businesses should support a precautionary approach to environmental challenges.
Principle 8: Undertake initiatives to promote greater environmental responsibility.
Principle 9: 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.

Sustainability

Sustainability Network