Recently, Thai Oil Public Company Limited was awarded the highest AAA rating for the third consecutive year under the SET ESG Ratings 2025, announced by the Stock Exchange of Thailand (SET), within the Resources industry group. The rating recognizes listed companies that demonstrate outstanding performance in conducting business in line with sustainable development principles.
This year’s announcement reflects Thaioil’s strong commitment to excellence in business operations amid global economic challenges and volatility, as well as the ongoing energy transition. The Company continues to operate under a comprehensive framework of sustainable business management and development across all dimensions, with particular emphasis on professional and effective Environmental, Social, and Governance (ESG) management, as outlined below.
Environment (E) : Thaioil has elevated its climate change management by setting a Net Zero target, guided by the 3Cs Strategy, including, C1: Cut Down Existing Emission – Reducing greenhouse gas emissions from current operations, C2: Compensate Residual Emission – Offsetting remaining emissions, C3: Control Future Emission – Controlling future emissions by pursuing high-value and low-carbon business opportunities. In addition, Thaioil is committed to accelerate its Net Zero target, provided that economically viable technologies and supportive mechanisms are in place to enhance business competitiveness.
Social (S) : Thaioil is committed to enhancing community and social well-being through sustainable development and long-term shared growth. Key initiatives include expanding reforestation projects that generate carbon credits for communities, engaging community enterprises to manage project operations, creating co-benefits and new income opportunities such as community nurseries for native seedlings, planning to broaden livelihood support and quality-of-life programs, and installing solar-powered systems in targeted areas to promote renewable energy adoption.
Governance (G) : Thaioil has established strategic business directions under the concept “Empowering Strength for Powering Growth”, aiming for a resilient foundation that supports sustainable growth through low-carbon and environmentally friendly products. Thaioil implements good corporate governance by integrating GRC (Governance – Risk & Internal Control – Compliance) across the entire supply chain, ensuring transparency and long-term business sustainability.
This achievement not only reflects Thaioil’s strong adaptability and resilience in creating value for all stakeholder groups but also underscores the Company’s commitment to social and environmental responsibility under robust corporate governance. Furthermore, it highlights Thaioil’s continuous efforts to drive innovation aimed at enhancing quality of life and creating shared value for stakeholders across all sectors.
