PTT recognizes the importance of creating a sustainability network that is not limited to PTT Group subsidiaries. To become an organization of excellence, PTT joined various associations both internationally and nationally to jointly drive operations to achieve Sustainable Development Goals (SDGs), including knowledge management, technology development, energy innovation for the environment, corporate social responsibility, corporate governance, and mutual development of all stakeholders, which requires further cooperation from many sectors.
Sustainability Network Cooperation at the National Level
PTT is a member of various networks such as the Petroleum Institute of Thailand, Federation of Thai Industries (F.T.I.), Thailand Business Council for Sustainable Development (TBCSD), Thai Listed Companies Association, Green World Foundation, Corporate Social Responsibility Institute Club, Thai Environment Institute (TEI), Oil Industry Environmental Safety Group Association, Thai Institute of Directors (IOD), Global Compact Network Thailand (GCNT), etc.
From the cooperation of the sustainability network at the national level, PTT has succeeded in building cooperation in developing the Eastern Economic Corridor of Innovation (EECi) at Wang Chan Valley, Wang Chan District, Rayong Province. The area is a complete innovation ecosystem providing advanced research and development center to drive innovation in accordance to the Thailand 4.0 policy. This project is supported by the Thailand Board of Investment (BOI) and is announced as the special economic zone.
Sustainability Network Cooperation at the International Level
PTT has joined the World Business Council for Sustainable Development (WBCSD), a network of CEOs from companies around the world to create a sustainable future for business, society and the environment. In addition, PTT supports the UN Global Compact, which covers human rights, labor standards, environmental conservation and anti-corruption. PTT also promotes companies in the PTT Group to have good corporate governance, be transparent, and have responsibility in the country in which PTT Group operates, with the support of the Extractive Industries Transparency Initiative (EITI) principle.
UN Global Compact
PTT has joined the United Nations Global Compact in 2012 to support the Principles of the Global Compact on human rights, labor, environment and anti-corruption. As an active participant, the Communication on Progress (COP) or the Corporate Sustainability Report is submitted to UNGC annually to disclose the implementation of sustainable actions.
PTT Group Sustainability Management Policy [Link] has been announced to ensure unity in sustainability management for PTT Group with a common guideline PTT Group Sustainability Management Framework [Link] in support of the Principles.
UNGC 10 Principles
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.
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.
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.
Principle 10 : Businesses should work against corruption in all its forms, including extortion and bribery.
Communication on Progress 2018
|1||The COP describes mainstreaming into corporate functions and business units.||18-23|
|2||The COP describes value chain implementation.||4-5, 16-17, 28-29|
|3||The COP describes robust commitment, strategies or policies in the area of human rights.||41|
|4||The COP describes effective management systems to integrate the human rights principles.||41|
|5||The COP describes effective monitoring and evaluation mechanisms of human rights integration.||41|
|6||The COP describes robust commitment, strategies or policies in the area of labor.||41|
|7||The COP describes effective management systems to integrate the labor principles.||41|
|8||The COP describes effective monitoring and evaluation mechanisms of labor principles integration.||41|
|9||The COP describes robust commitment, strategies or policies in the area of environmental stewardship.||56-64|
|10||The COP describes effective management systems to integrate the environmental principles.||56-64|
|11||The COP describes effective monitoring and evaluation mechanisms for environmental stewardship.||33, 56-64|
|12||The COP describes robust commitment, strategies or policies in the area of anti-corruption.||18-23|
|13||The COP describes effective management systems to integrate the anti-corruption principles.||21-23|
|14||The COP describes effective monitoring and evaluation mechanisms for the integration of anti-corruption.||22|
|15||The COP describes core business contributions to UN goals and issues.||12-15|
|16||The COP describes strategic social investments and philanthropy.||42|
|17||The COP describes advocacy and public policy engagement.||12-15|
|18||The COP describes partnership and collective action.||14-15, 22-23, 32, 58-60|
|19||The COP describes CEO commitment and leadership.||2-3|
|20||The COP describes Board adoption and oversight.||18-19|
|21||The COP describes stakeholder engagement.||8-9, 26-27|
PTT’s UNGC Communication on Progress 2018
PTT Contribution to Associations
|Association||Type||Contribution Amount (THB)|
|The Federation of Thai Industries (F.T.I.)||Trade association||235,400||235,400||-||241,820|
|The Thai Chamber of Commerce||Trade association||24,610||24,610||24,610||24,610|
|International Chamber Of Commerce (ICC)||Trade association||21,400||32,100||-||-|
|World Business Council for Sustainable Development (WBCSD)||Other||2,570,865||2,850,824||2,683,264||2,671,976|
|Petroleum Institute of Thailand (PTIT)||Other||4,027,995.89||3,984,318.53||3,790,557.11||3,946,381.8|
|Thai Institute of Directors (IOD)||Other||-||7,009.35||2,140,000||2,461,000|
|Thai Listed Companies Association (Thai LCA)||Other||7,490||7,490||-||7,490|
|Thailand Environment Institute Foundation (TEI)||Other||250,000||250,000||250,000||-|
|International Energy Agency's and Advanced Motor Fuels (IEA/AMF)||Other||-||-||-||-|
|Asia Business Council (ABC)||Other||-||-||-||-|
|Thai Environmental and Community Development Association (TECDA )||Other||-||-||-||-|
|World Economic Forum (WEF)||Trade association||6,386,400||-||-||-|
|Thailand Renewable Energy for Community Association (TRECA)||Other||-||-||-||-|
|Thailand Management Association (TMA)||Other||-||7,490||-||-|
|Thailand Business Council for Sustainable Development (TBCSD)||Other||-||-||250,000||-|
|Thai-UK Business Leadership Council (TUBLC)||Trade association||-||-||100,000||-|
|UN Global Compact||Other||350,000||358,000||356,900||676,854.20|
Membership of Association
|Unit: Thai Baht||13,874,160.89||7,757,241.88||9,595,331.11||10,030,132|
The largest contributions in 2018 include the membership fees to Petroleum Institute of Thailand (PTIT), World Business Council for Sustainable Development (WBCSD), Thai Institute of Directors Association (IOD), UN Global Compact, and the Federation of Thai Industries (F.T.I.).
- Human Rights Management
- Sustainable Human Resource Management
- Security, Safety and Occupational Health
- Corporate Citizenship