Sustainability

Sustainability Report

Sustainability

Sustainability Report

The Corporate Sustainability Report has been prepared to align with the organization's annual financial report. The purpose of the Report is to provide reliable and quality information regarding PTT's policy, management approach and performance in economic, environmental and social dimensions. In-depth information on the organization's financial management is disclosed in PTT's Financial Report, while information related to governance and performance of the Board of Directors is presented in the Annual Report, published on a yearly basis. In addition, PTT engaged third party to consecutive review accuracy, transparency and credibility of the Report.

PTT has published its Corporate Sustainability Report annually since 2008. The Report was initially developed in compliance with the Global Reporting Initiative (GRI)'s Sustainable Reporting Guidelines, which aimed to disclose PTT's responses to challenges impacting the organization's business operations and its stakeholders, of which include local communities, non-governmental organizations, shareholders, investors, customers, partners, suppliers, contractors, employees, the government sector, media, and academia.

The 2018 Sustainability Report has been prepared in accordance with the GRI Standard: Core option, and Oil and Gas Sector Disclosures (OGSD), at the "In Accordance Core" Level to ensure more relevant disclosure for the industry. This report also represents the Communication on Progress of the United Nations Global Compact (UNGC)'s 10 Principles, which cover areas of human rights, labor, environment and anti-corruption.

Throughout the past years, PTT undertook an initial study of the Integrated Reporting Framework (IR) on the basis of sustainability performance and business value, and use it as an approach to disclose its future organizational performance. Moreover, by aiming to promote sustainability principle, PTT integrates Sustainable Development Goals: SDGs into its operation management.

In 2018, PTT reported climate change performance and impacts on its operations by applying the recommendation of Task Force on Climate-related Financial Disclosure (TCFD). More details can be found in the Corporate Sustainability Report 2018.

Additionally, stakeholders were identified at both corporate and business unit levels. PTT has established engagement channels and mechanisms to respond to and maintain relationships with the organization's stakeholders at various levels, including recommendations from investors, corporate reputation survey, reviewing stakeholder relations etc.

Finally, the PTT Group Sustainability Alignment Committee is responsible for reviewing and approving disclosures of information in the Report. External parties have been engaged to review accuracy, transparency and credibility of the Report for eight consecutive years.