Public Policy
Public Policy and Contributions
Thaioil is committed to political neutrality, as stated in our Corporate Governance and Code of Conduct Manual . Thaioil does not make contributions to lobbying or interest organizations; local, regional, or national political campaigns/candidates. Thaioil makes contributions and other forms of spending to organizations for the primary purpose of advancing operational excellence and socially and environmentally responsible practices in the oil industry.
A breakdown of all contributions over the past four years is shown below. In 2023, Thaioil and Subsidiaries contributed a total of 13.78 million THB to trade associations and tax-exempt groups. The scope of contribution covers 96% of total revenues.
| Type of Organization | Topic | Name of the Organization | Unit | ||||
|---|---|---|---|---|---|---|---|
| 2020 | 2021 | 2022 | 2023 | ||||
|
Trade Associations |
Support responsible oil spill management for the environment and society |
The International Oil Pollution Compensation Funds |
THB |
833,016 | 0(2) | 6,691,436(4) | 8,022,619 |
|
Oil Spill Response Limited (OSRL) |
THB |
1,736,839 | 1,740,193 | 2,012,460 | 2,255,153 | ||
|
Oil Industry Environmental Safety Group Association (IESG) |
THB |
1,778,000 | 1,683,000 | 1,693,000 | 1,834,000 | ||
| Support the enhancement of competitiveness with peer industry groups through operational excellence |
Petroleum Institute of Thailand (PTIT) |
THB |
824,381 | 819,309 | 886,553 | 1,075,058 | |
|
Federation of Thai Industries (5),(6) |
THB |
186,180 | 167,990 | 177,620 | 180,188 | ||
|
Thai National Shippers’ Council (TNSC) |
THB |
53,500 | 53,500 | 53,500 | 53,500 | ||
|
The Association of Private Power Producers |
THB |
85,600 | 42,800 | 42,800 | 42,800 | ||
|
The Thai Chamber of Commerce |
THB |
24,610 | 24,610 | 24,610 | 24,610 | ||
|
Investor Club Association (3) |
THB |
0 | 0 | 0 | 6,420 | ||
|
Board of Trade of Thailand |
THB |
0(2) | 0(2) | 25,680 | 0(2) | ||
| Support the promotion of sustainable development topics in line with international standards |
Thailand Business Council for Sustainable Development (TBCSD) |
THB |
250,000 | 250,000 | 250,000 | 250,000 | |
|
Water and Environment Institute for Sustainability |
THB |
0 | 0 | 0 | 0 | ||
|
Thailand Carbon Neutral Network (TCNN) (7) |
THB |
0 | 0 | 0 | 0 | ||
| Tax Exemption Group |
Global Compact Network Thailand |
THB |
35,000 | 35,000 | 35,000 | 35,000 | |
| Lobbying, interest representatives, or similar | - | - | THB | 0 | 0 | 0 | 0 |
| Local, regional, or national political campaigns/ candidates | - | - | THB | 0 | 0 | 0 | 0 |
| Others (e.g., spending related to ballot measures or referendums) | - | - | THB | 0 | 0 | 0 | 0 |
| Total | THB | 5,807,126 | 4,816,402 | 11,892,659 | 13,779,348 | ||
- Remarks:
- (1) The contribution collected from subsidiaries in Thaioil Group, covering 96% of sales revenue.
- (2) Membership fee exemption.
- (3) Membership renewal every 5 years.
- (4) Additional financial support due to a spill case occurrence overseas.
- (5) Membership fees depend on corporate total revenue in financial statements of the past two years.
- (6) Membership fees for the Federation of Thai Industries has been waived for Thai Oil Power Co., Ltd. since 2024 due Thai Oil Power Co., Ltd. since 2024 due to termination of business, however it includes membership fees as an associate member of subsidiaries within Thaioil Group.
- (7) Network for promoting cooperation in reducing Thailand's greenhouse gas emissions. No membership fee.
Contribution Priority
In 2023, most of our contributions go towards advancing the following topics.
|
Issue or Topic |
Corporate Position |
Description of Position/Engagement |
Total Spending 2023 (THB) |
|
Environmentally and socially responsible oil spill management |
Support |
Thaioil is a member of the Board of Trustees and Main Committee of Oil Industry Environmental Safety Group Association (IESG), and a member of the Oil Spill Response Limited (OSRL) and supporting IOPC Funds. Through our membership in these associations, we exchange knowledge and good practices of crisis response with our peers and experts. |
12,111,772 |
|
Information and support related to the energy industrial context in order to capture opportunity and maintain competitiveness. |
Support |
Thaioil is a member of the Council of Trustees of the PTIT and the FTI. These associations support on industrial context. |
1,255,246 |
| Others Sustainability Movement | Support | The organizations that support Thaioil on responsible business practices such as the Thailand Business Council on Sustainable Development (TBCSD), and dialogue with civil society actors through Global Compact Network Thailand (GCNT). | 285,000 |
Top Three Organizations
The top three organizations that received the most funding from Thaioil in 2023 are primarily those that support our priority issues, as detailed above. They include:
- 1. The International Oil Pollution Compensation Funds: IOPC Funds: the IOPC Fund provides compensation for oil pollution damage resulting from spills of persistent oil from tankers. This fund can financially support Thaioil in case of damage from oil spill case.
- 2. Oil Spill Response Limited (OSRL): The OSRL is the well-known international industry-funded cooperative dedicated to responding to oil spills globally by providing preparedness, response, and intervention services delivered by highly experienced and qualified global team of experts. The OSRL team can support Thaioil in case of marine oil spill response.
- 3. Oil Industry Environmental Safety Group Association (IESG): The IESG is a non-profit organization established by the oil industry to advance safety and environmental excellence in Thailand. Thaioil is active in IESG as a member of all activities i.e. marine safety, marine oil spill response, and inland transport safety. Through our membership, we regularly share safety practices with our peers and leading industry experts, and participate in annual oil spill response exercises.
Update : February 2024