PTT Global Chemical Public Company Limited (GC) is the only company in the world that has been ranked by the Dow Jones Sustainability Indices (DJSI) in the World Index as number 1 in the chemical business group with the highest score for five consecutive years by S&P Global. This reinforces their commitment to being a model organisation for global sustainability by conducting business with consideration for the balance of environment, society, and corporate governance and economics (ESG). GC aims to drive sustainable business throughout the supply chain, aiming to achieve net-zero greenhouse gas emissions by 2100, in line with the Paris Agreement under the United Nations Framework Convention on Climate Change.
GC operates in the chemical industry with global production bases, setting strategies to become a low-carbon or Net Zero Company by 2100, and continuously pursuing a balanced business in three aspects: environment, society, and corporate governance and economics (ESG).
E - Environment
GC has established policies and developed operational strategies for decarbonization with clear plans, including:
- Increasing the use of renewable energy and incorporating technology and digital systems in the production process.
- Transitioning the business structure to low-carbon in the long term, adjusting investment proportions, and focusing on environmentally friendly and high-value businesses (Performance Chemicals) as well as businesses aligned with biobased products and circular economy principles (Bio & Circularity Business), including seeking new business opportunities both domestically and internationally.
- Reducing carbon through natural carbon absorption (Nature-based Solutions) via the "More Planting, Better Environment" project, as well as exploring the application of Carbon Capture and Storage (CCS) technology, including the trading of carbon credits.
- Recognising the importance of natural resources and conducting business with consideration for the impact on biodiversity in all operational areas.
S - Social
GC is aware of the quality of life in communities and society, both around its factories and at the national level. They have established strategies for social responsibility, including promoting skill development, creating jobs and income for communities through various projects. These initiatives also aim to strengthen local strong points, forge community identities, and lay the foundations for a robust and sustainable community and societal economy. For instance, establishing a Community Waste Model for managing used plastics at the local level, with the goal of expanding these practices to various areas nationwide.
For its employees, GC is committed to developing the organisation into a learning institution, enhancing the work culture and environment, and fostering teamwork. This is done with the understanding that every employee is a crucial factor and valuable, contributing to the success, progress, and sustainable growth of the organisation. Additionally, GC has invested in the development of its employees' capabilities in line with business goals (Human Capital Development) to support the transition to a sustainable organisation.
G - Governance & Economic
GC prioritises transparent business management, adheres to business ethics, and continually strives to enhance its competitive capabilities alongside the development of its business partners across the supply chain. This includes continuous innovation to develop products and solutions that meet mega trends and evolving customer and market needs.
Dr. Kongkrapan Intarajang, CEO and Managing Director of GC, stated, "GC is proud to be the first and only Thai company in the world to receive this ranking in the chemical business group. This reflects our commitment to continually creating a balance in ESG, coupled with caring for all stakeholders. GC has created environmentally friendly quality products (E), brought about positive social changes (S), and governed business ethics (G). Besides being a model for sustainable organisations, GC is also committed to promoting sustainability throughout the business chain, aiming for tangible transformations in sustainability both nationally and globally."
The Dow Jones Sustainability Indices (DJSI) is a globally recognised index for assessing corporate sustainability, selecting from over 3,500 large companies worldwide. Ranked by S&P Global, it is an index used to evaluate the performance of leading global companies in sustainable development, ensuring comprehensive management in every aspect according to ESG principles, creating sustainable returns for investors, and generating long-term value for stakeholders.
