CK Power Public Company Limited, also known as CKPower (SET: CKP), is one of the largest renewable energy producers in the region with a remarkably low carbon footprint. The company has been chosen by Thaipat Institute for its ESG100 list (Environmental, Social, and Governance) for the second year in a row. ESG100 is a crucial index in Thailand's capital market that ranks listed companies based on their sustainability performance.
Mr. Thanawat Trivisvavet, Managing Director of CK Power PLC, stated, "CKPower recognises the significance of sustainable operations and good governance. We have been consistently working on developing our strategic plan and defining our sustainability vision, which reflects our commitment to managing risks, enhancing competitiveness, and gaining stakeholder acceptance. Our ultimate goal is to become one of the leading renewable energy producers in Thailand and ASEAN while maintaining ecological and environmental balance and promoting social and community well-being."
"From this commitment, we have integrated the ESG concept into our 5-year plan to achieve our sustainability goals (2022-2026) through our three main strategies, labelled as "C-K-P":
C - Clean Electricity (Environment): We will operate using environmentally friendly technologies and innovations to strike a balance between preserving the environment, rebuilding ecosystems and biodiversity, and maintaining our capabilities to ensure stable electricity production.
K - Kind Neighbour (Social): We will work with a strong sense of responsibility to enhance the quality of life and create value for communities, society, as well as direct and indirect stakeholders. We will respect universal human rights throughout our entire business value chain.
P - Partnership for Life (Governance): We aim to enhance our capabilities to cope with challenges and ensure sustainable growth. This will be achieved through our investments in new business opportunities in Thailand and ASEAN, utilising innovations and technologies efficiently and productively. We will protect national and regional energy security while generating a good and fair return on investment for our customers and shareholders," said Mr. Thanawat.
"We are delighted to celebrate our accomplishments, as CK Power PLC has been selected as one of the ESG100 companies in the energy and utilities sector for the second consecutive year (2022-2023). Thaipat Institute evaluated 888 listed companies and chose us based on ESG analysis and financial performance. As our growth trend moves towards Net Zero Emissions by 2050, this recognition is truly meaningful," added Mr. Thanawat.
Dr. Pipat Yodprudtikan, Chairman of Thaipat Institute, congratulated CKPower on its inclusion in the ESG100 list. He stated, "Out of the 67 companies listed on the Stock Market of Thailand, CKPower is one of only eight firms in the energy and utilities sector to receive this recognition. It is a testament to the company's consistently outstanding ESG performance. They have conducted studies to create added value for stakeholders through the REC system (Renewable Energy Certificate) as a mechanism to combat climate change and achieve SDG 7's goal of providing access to affordable and clean energy."
CKPower aims to increase its installed capacity to 4,800 megawatts by 2024, with 95% based on renewables, compared to the current installed capacity of 3,627 megawatts, with 93% based on renewables. All new installed capacity will come from renewables, including solar, water, and wind energy. Additionally, all new investments will be focused on generating electricity through renewables.
In March 2023, CK Power PLC maintained its A rating with a "Stable" outlook from TRIS Rating. This reflects the rating agency's forecast that CKPower's power plants will operate as planned, ensuring a stable cash flow from the investments.
