PTT Global Chemical Public Company Limited
Climate Impact & Sustainability Data (2023)
Reporting Period: 2023
Environmental Metrics
Total Carbon Emissions:8.17 million tons CO2e/year
Total Energy Consumption:141.49 million GJ/year
Water Consumption:23,546 megaliters/year
Waste Generated:6,600 tons/year
Carbon Intensity:377 kg CO2e/ton production
ESG Focus Areas
- Climate Change
- Circular Economy
- Product Stewardship
- Corporate Governance
- Occupational Health and Safety
- Innovation
Environmental Achievements
- Reduced greenhouse gas emissions (Scope 1 & 2) to 8.17 million tons CO2e, exceeding the target.
- Reduced energy consumption by 1.84 million GJ, exceeding the target and resulting in 607 million baht in cost savings.
- Recycled over 22,000 tons of plastic through ENVICCO.
- ENVICCO's PCR PET received food-grade certification.
- Implemented 88 energy conservation projects.
Social Achievements
- Zero fatalities from work-related accidents.
- Implemented various social contribution projects benefiting over 213,330 people.
- GC Data Science Super Users project increased revenue by 33 million baht.
- Launched the "Enjoy Rayong’s Local Dishes with Community Chef" project.
Governance Achievements
- Secured a 10 billion baht Sustainability-linked Loan.
- Ranked 1st in the Dow Jones Sustainability Indices (DJSI) Chemicals Sector for the fifth consecutive year.
- Achieved a Platinum Medal from EcoVadis (Top 1% globally).
- Received numerous other awards and recognitions.
Climate Goals & Targets
Long-term Goals:
- Net Zero for Scope 1 & 2 emissions by 2050.
Medium-term Goals:
- Net Zero for Scope 1 & 2 emissions by 2050.
- Reduce Scope 3 emissions by 50% by 2050.
- Increase EBITDA from R&D to 10% of overall petrochemical products EBITDA by 2030.
Environmental Challenges
- Geopolitical tensions, high inflation, economic recession, and oversupply in the petrochemical market.
- Climate change risks, including extreme weather events and resource scarcity.
- Changing consumer trends towards sustainable products.
- Biodiversity loss and ecosystem collapse.
Mitigation Strategies
- Implemented a 3 Step Plus Strategy focusing on competitiveness, high-value low-carbon businesses, and sustainability integration.
- Developed a Decarbonization Roadmap with Efficiency-driven, Portfolio-driven, and Compensation-driven approaches.
- Strengthened risk management and internal control systems.
- Invested in renewable energy technologies and circular economy initiatives.
- Developed sustainable products and engaged in stakeholder collaboration.
Supply Chain Management
Responsible Procurement
- Supplier sustainability requirements and code of conduct.
Climate-Related Risks & Opportunities
Physical Risks
- Droughts
- Floods
- Extreme weather
Transition Risks
- Carbon pricing
- Changing consumer demand
Opportunities
- Development of low-carbon products and technologies.
Reporting Standards
Frameworks Used: GRI Standards 2021, UN Global Compact, TCFD
Certifications: ISO 50001:2018, ISO 45001, ISO 37301 (in progress)
UN Sustainable Development Goals
- Goal 7 (Affordable and Clean Energy)
- Goal 9 (Industry, Innovation, and Infrastructure)
- Goal 12 (Responsible Consumption and Production)
- Goal 13 (Climate Action)
Detailed in the report's SDG mapping.
Sustainable Products & Innovation
- Recycled plastics
- Bioplastics
- Low-VOC coatings
Awards & Recognition
- Dow Jones Sustainability Index (DJSI) ranking
- EcoVadis Platinum Medal
- Numerous other awards