Performance Highlight

Summary of Operations

Thaioil Group focuses on economic, social
and environmental development for sustainable growth

 

Maintaining transparency in demonstrating its performance through appropriate reporting and monitoring against the targets is the key for Thaioil business to increase stakeholders’ and customers’ trust. 

As materiality assessment, Thaioil has set the long term target of the top three material issues which have greatest impacts on our business and the creation of long-term value as follows. 

 

  • Materia Issues
  •  
  • Human Capital
  • Management
  • Energy Efficiency
  •  
  • Safety
  •  
 Long term value
 
 
 
  Leveraging the sustained employee engagement and capability could enable company to attain the long term business outcome.
 
 
 
  Efficient energy consumption can minimize company’s operational cost and improve business competitiveness. The energy resources and environmental quality are conserved.
 
 
 
  By enhancing the effectiveness of safety, it can demonstrate operational reliability, maintain human asset, and increase trust from surrounding communities and stakeholders.
 Long term target
 
 
 
  Human Capital Index at above 79%
 
 
 
  The first quartile in the Solomon Benchmarking on Energy Intensity Index: EII.
 
 
 
  Total recordable injuries rate for combined employee and contractor less than 0.60 case per million work hours.
 Target year 2022 2020 2020
 2017 Performance
 
 
 
  Human Capital Index at 90.84 percent.
 
 
 
  Energy Intensity Index (EII) at 83.2 point
 
 
 
  Total recordable injuries rate for combined employee and contractor 0.17 case per million work hours.

In year 2017, Thaioil’s material key performance indicators and targets in social and environmental dimensions are such as:

Social Dimensions

Issues

Key Performance Indicators

Performance

Target

Target Year

 Stakeholder Engagement

  Community Engagement score (%)

93.5%

>85%

2017

 Occupational Health and Safety

  Total recordable injuries rate for combined employee and contractor (case per million work hours)

0.17

<0.80

2017

 Human Capital Management

  Human Capital Index (%)

90.84%

>81%

2017

Environmental Dimensions

Issues

Key Performance Indicators

Performance Year 2016

Target

Target Year

 Energy Efficiency

  Energy Intensity Index (EII)*

83.2

<84.1

2017

 Industrial Waste Disposal

  Ton of waste disposed in landfill

119

Zero

2020

 Oil and Chemical Spills

  Significant oil and chemical spill case

0

Zero

2017

* Note : The reported value of energy efficiency index includes only Thai Oil Public Company Limited and Thaioil Power Company Limited.