Definition and Goals
Thaioil aims for sustainable growth and long-term persistence, operational excellence, as well as a focus on economic development coupled with social responsibility and environmental protection to create values for all stakeholders.
Goals
To achieve the corporate vision “Empowering human life through sustainable energy and chemicals” , Thaioil Group has set a sustainability goal to become a 100-year organization and a global sustainability leader in the international level through Environment, Society and Governance (ESG) management that create long-term value to the stakeholders across the business value chain and respond to the national policies and global trends.
In 2024, Thaioil Group reviewed the sustainability strategies to ensure alignment and advocation to the business strategy to properly manage ESG risks. The details of the Company’s sustainability strategic directions are as follows:
E : Environment
Strategy
Enhance Clean Environment
Enhancing environmental management in line with
global trends
Target
Net Zero GHG Reduction
Reduce greenhouse gas emissions by 15% in 2035 from the base year of 2026 to achieve the Carbon
Neutrality in 2050 and Net Zero GHG Emissions target in 2060 through the implementation of Net Zero GHG Emissions.
S : Society
Strategy
Engage Society
Engaging with community and society to foster long-term social value creation
Target
Creating Social Value
Enhance the quality of life of the community and society with the C.A.R.E strategy
Strengthen Community Engagement
Maintain a community engagement score at 90% above
Nature-based Solution: Support zero greenhouse gas emissions target through the forest conservation, reforestation, and afforestation initiatives
