Climate Change Data

Sakol Energy Public Company Limited

Climate Impact & Sustainability Data (2019)

Reporting Period: 2019

Environmental Metrics

ESG Focus Areas

  • Affordable and Clean Energy
  • Environmental Responsibility
  • Good Corporate Governance

Environmental Achievements

  • Started recognizing revenues from investment in new businesses including compressed bio-methane gas (CBG) production and distribution and production and distribution of renewable energy as VSPP (biomass power plant) with installed capacity of 9.9 megawatts.
  • Biomass power plant commenced operations in August 2019 and generated over Baht 100 million in revenue.

Social Achievements

  • Launched a core value “CORRECT” and organized training program called “SKE Leadership Acceleration Program.”
  • Organized several community development activities such as lunch program for students, school renovation, charity donation, and tree planting.

Climate Goals & Targets

Medium-term Goals:
  • Generate Baht 1,000 million in revenues per year by 2022.
  • Achieve total power generation and distribution capacity of 30 megawatts within 2022.
Short-term Goals:
  • Increase the capacity factor of its power plant to over 90% in 2020.
  • Maintain NGV compression at minimum quantity of 520 tons per day in 2020.
  • Achieve target performance in CBG business in 2020.

Environmental Challenges

  • Decrease in NGV compression by approximately 11% due to overall economic conditions.
  • CBG sales did not reach target due to current economic environment.
  • Risk of reliance on major customer (PTT).
  • Risk from decreasing difference between oil price and NGV price and decreasing demand for NGV.
  • Risk from natural disasters (for Mae Krating Power Plant).
Mitigation Strategies
  • Focus on cost reduction strategies and investment in related businesses.
  • Focus on selling CBG to industrial factories instead of NGV fuel.
  • Strict compliance with contracts and delivery of good quality services to maintain relationship with PTT.
  • Business diversification through investment in renewable energy and CBG.
  • Risk management policies and Business Continuity Management plan (BCM).

Supply Chain Management

Responsible Procurement
  • Raw material cost management for sustainable management.

Climate-Related Risks & Opportunities

UN Sustainable Development Goals

  • Goal 7: Affordable and Clean Energy

Investment in renewable energy and CBG.

Sustainable Products & Innovation

  • Compressed bio-methane gas (CBG)
  • Biomass power plant

Awards & Recognition

  • Investor Relations Awards 2019 from The Stock Exchange of Thailand