About PTT

PTT Public Company Limited (PTT) is a comprehensive energy and petrochemical conglomerate with a clear mission to ensure the nation’s energy security. The Company aims to balance the interests of all stakeholders through transparent management and good governance. PTT's operations span the entire energy value chain, from upstream to downstream sectors, and the Company continues to develop and expand in line with its renewed vision: “TOGETHER FOR SUSTAINABLE THAILAND, SUSTAINABLE WORLD” As part of its commitment to sustainability, PTT has ceased investments in the coal industry, aligning with its ambitious goals to achieve Carbon Neutrality by 2040 and Net Zero Emissions by 2050.

PTT’s business operations encompass both direct activities and investments through subsidiaries and joint ventures. Directly operated businesses include natural gas, natural gas pipeline systems, international trade, new businesses, and infrastructure. Additionally, PTT’s investments through subsidiaries, joint ventures, and associates (Group Companies) include petroleum exploration and production, liquefied natural gas, petrochemicals and refining, oil and retail, electricity and utilities, and service businesses. For more detailed information, please refer to the section PTT Public Company Limited: About PTT

Sustainability Disclosure

Scope of Reporting

Currently, PTT discloses sustainability information under Section 3 "Driving Business towards Sustainability," specifically in Part 1: Business Operations and Performance, within the " Annual Information Disclosure/Annual Report 2024 (56-1 One Report)." This information is also available on the Company’s website, covering PTT’s sustainability performance from January 1 to December 31, 2024, across all business segments, including upstream petroleum and natural gas, downstream petroleum, new businesses and infrastructure, and support functions. The disclosure aligns with the financial report and follows the scope defined in each section. The operational scope, in accordance with the C3 guidelines, includes Climate Resilience Business, Carbon-Conscious Assets, and Coalition, Co-Creation, and Collective Efforts for All. This encompasses PTT and its flagship companies, such as PTT Exploration and Production Public Company Limited (PTTEP), PTT Global Chemical Public Company Limited (GC), Thai Oil Public Company Limited (TOP), IRPC Public Company Limited (IRPC), Global Power Synergy Public Company Limited (GPSC), and PTT Oil and Retail Business Public Company Limited (OR). The scope of direct and indirect greenhouse gas emissions for the PTT Group covers companies in which PTT directly holds more than 20% of shares or is the major shareholder, or where PTT indirectly holds 100% of the shares. It also includes joint ventures with equal shareholding, as well as companies owned by those entities within the same scope. The sustainability reporting approach follows national and international standards to present key information and performance results, as outlined below:

• The Annual Information Disclosure/Annual Report 2024 (56-1 One Report) Manual issued by the Securities and Exchange Commission (SEC).
• Sustainability reporting based on the Global Reporting Initiative (GRI) Sustainability Reporting Standards, in alignment with the current relevant indicators (GRI Standards 2021: Universal Standards and Topic Standards), and the Sector Standard Project for Oil and Gas (GRI 11: Oil and Gas Sector 2021), ensuring comprehensive content in accordance with the "Reporting in accordance with the GRI Standard" guidelines.
• Sustainability reporting linked to the International Financial Reporting Standards (IFRS) Sustainability Disclosure Standards (S) set by the International Sustainability Standards Board (ISSB), including IFRS S1 General Requirements for Disclosure of Sustainability-related Financial Information, which aligns with GRI Standards, Integrated Reporting (IR) frameworks from the International Integrated Reporting Council (IIRC) and Sustainability Accounting Standards Board (SASB), and IFRS S2 Climate-related Disclosures, which connects climate-related performance reporting based on the Task Force on Climate-related Financial Disclosures (TCFD) recommendations.
• Reporting progress on operations in accordance with the Ten Principles of the United Nations Global Compact (UNGC) at the Advanced level, covering human rights, labor, environment, and anti-corruption issues, responding to stakeholder interests. Further details are available in the Sustainability Network section.
• Reporting on climate change performance, leveraging the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD).
• Reporting on progress supporting the United Nations Sustainable Development Goals (SDGs).
• Reporting on the creation of sustainable value based on key metrics outlined in the Measuring Stakeholder Capitalism: Towards Common Metrics and Consistent Reporting of Sustainable Value Creation framework by the World Economic Forum (WEF).
• Performance ranking on human rights according to the Corporate Human Rights Benchmark (CHRB).

Remarks: There were no significant changes in business groups and supply chains in 2024^{GRI 2-4}

56-1 One Report		Financial Report

Content Index

For detailed information on sustainability performance across economic, social, and environmental aspects, please visit here. In-depth insights on the Company’s financial management can be found in the Financial Report, while the overall performance of PTT is presented in the Annual Information Disclosure/Annual Report 2024 (56-1 One Report). These reports are released annually. Additionally, PTT conducts a reader survey to gather feedback on the disclosed information in Section 3: Driving Business towards Sustainability, particularly in Section 1: Business Operations and Performance as outlined in the 56-1 One Report.

In addition to surveying the readers of the aforementioned reports, PTT has provided a platform to gather feedback and suggestions from stakeholders regarding PTT’s sustainability operations and the disclosure of sustainability information in the 56-1 One Report. This process aims to evaluate the effectiveness and efficiency of the information disclosure and enhance PTT’s annual reporting for 2024. The results indicated that there were no issues concerning the disclosure of information. A summary of stakeholder feedback in each area is as follows:

Environmental Aspect

Social Aspect

Governance Aspect

Sustainability Data Assurance

The sustainability data across the three dimensions—environmental, social, and governance (ESG)—presented in Section 3: Driving Business towards Sustainability, Part 1: Business Operations and Performance, in the Annual Information Disclosure/Annual Report 2024 (56-1 One Report), and on the website http://www.pttplc.com in the Sustainability section, has been reviewed and endorsed by the senior management of the relevant departments and received approval from the PTT Board of Directors. Furthermore, key sustainability performance indicators have been independently audited by an external third-party organization for the 13^th consecutive year. This process ensures that the disclosed information is comprehensive, accurate, reliable, aligned with PTT’s business activities, and fully traceable to its source data. For more details, please refer to the Assurance Statement available here. 

Sustainability Performance Evaluation

PTT has been assessed for its sustainability performance by investors and institutions at both the national and international levels. The key evaluation results are as follows: