Sustainable Development Goals |
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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 |
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Petroleum Institute of Thailand: PTIT |
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Federation of Thai Industries: F.T.I. |
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![]() Thailand Business Council for Sustainable Development: TBCSD |
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![]() Thai Listed Companies Association |
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![]() Thailand Environment Institute |
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![]() Oil Industry Environmental Safety Group Association |
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Thai Institute of Directors |
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![]() Global Compact Network Thailand: GCNT |
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![]() Thailand Carbon Neutral Network: TCNN |
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![]() RE100 Thailand Club (RE100) |
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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 Commitment10 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
Criterion | Description | Page |
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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
Network | National/ International | Key Activities | Value to Stakeholders | Value to PTT |
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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 spendingGRI102-13, GRI415-1
Type | Organization | Membership Fee (Baht) | |||
---|---|---|---|---|---|
2018 | 2019 | 2020 | 2021 | ||
Lobbying, interest representation or similar | None | 0 | 0 | 0 | 0 |
Local, regional or national political campaigns / organizations / candidates | None | 0 | 0 | 0 | 0 |
Type | Organization | Membership Fee (Baht) | |||
---|---|---|---|---|---|
2018 | 2019 | 2020 | 2021 | ||
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 Topic | Corporate Position | Description of Position / Engagement | Total spend in 2021 (Bath) |
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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 |