Definition and goal

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

Promote sustainable business network of Thaioil as well as the development through the practice of striving for excellence and aim for good management of an integrated supply chain.

Be responsible for the quality of life of the community as well as those involved in the business of Thaioil network, both directly and indirectly.

Commit to consciously use natural resources and protect nature and the environment through sustainable business practices.

SUSTAINABILITY  GOAL

CURRENT PROGRESS

Corporate

Governance

Stimulating a company-wide good governance culture.

Incorporate good governance and business ethics aspects into the employee engagement survey in order to gain employee understandings and opinion.

Raising employee awareness and understanding of good governance principles.

Expand electronic learning media of corporate governance, business ethics, anti-corruption, and safety as well as promoting the learning process through activities such as staff orientation program,

training and internal communication.

Our

employee

Building employee readiness towards good talented individuals who are engaged

with the organization and striving for a High Performance, and promoting Healthy Organization.

Build employees’ capacity to be intelligent, moral, and engaged by executing Human Resources Development plan according to 5 years Sustainability Development Roadmap and Human Resource Strategy Roadmap.

Sharing and disseminating of knowledge throughout Thaioil Group to create operational

excellence and long-term sustainable growth.

Manage Thaioil Group knowledge database

and gather best practices, innovation and knowledge application for sharing on common working practices via COP. This includes keeping records in KM Portal for further use.

Safety

Maintaining the status of zero accident and be the top quartile in Asia Pacific region, and aiming to raise safety Maturity to level 4 by 2018.

Implement in accordance with 2015-2019 long-term plan on occupational health and personal safety, process safety, including emergency and crisis management.

Community

and Society

Creating shared values to society in every sustainability dimension. Responding to the

real needs of stakeholders and leveraging society’s and communities’ quality of life.

Officially announce “Social and Environmental Responsibility Policy” to be used as guidelines in Thaioil Group and support continuous voluntary activities. This includes the cooperation with the

alliance network both in national and international to conduct social projects that contribute to society and community.

Value Chain

Developing and growing together with stakeholders throughout the value chain.

Develop supplier database for analyzing and managing environmental, social, and governance risks for the procurement process.

Develop customers database and increase efficiency in service operation.

Environment

Supporting growth of Thaioil Group’s business in consideration of environmental impact and stakeholders engagement.

Conduct environmental impact assessment

report in case of change and / or initiate

new project.

Preventing significant oil and chemical spill during production and transportation process.

Prevent any unexpected emergency by preparing employee and equipment readiness to be able to respond promptly to any emergencies. Conduct emergency exercise and collaborate with other parties in case of crisis.

Maximizing resources efficiency and reducing

environmental impacts.

Execute Environmental Master Plan through projects such as air model to prevent the impact of air quality in production process. This includes process of value creation for waste management in the PTT Group as well as research and development, in collaboration with government and private sectors, to reduce environmental impact.

Being the top quartile of Energy Intensity Index (EII)

Review Energy Master Plan (2015-2019)

Utilizing water in the most efficient way and putting in place preventative measures

for any emerging operational risks and stakeholders

Study and prepare the Water Management Master Plan and sufficiently supply water for operational needs. This includes implementation of projects, e.g. 3Rs and RO.

 

Success Metrics of Chief Executive Officer 

     The strategic plan approved by the Board and the management will be set as the corporate Key Performance Indicator (KPI) of the Group. The corporate KPIs will be assigned for the CEO and president level then cascading down to executive vice president level, assistant executive vice president level, and then department and division level, respectively. The performance metric 2017 can be illustrated as follows.