Climate Change Data

PTT Oil and Retail Business Public Company Limited (OR)

Climate Impact & Sustainability Data (2020, 2021, 2022, 2023)

Reporting Period: 2020

Environmental Metrics

ESG Focus Areas

  • Corporate Governance
  • Social Responsibility
  • Environmental Responsibility

Governance Achievements

  • Formulated good corporate governance policy.
  • Launched Corporate Governance, Ethical Standards and Code of Business Ethics Handbook.
  • Established ethical standards for directors, management and employees.
  • Established an Audit Committee.
  • Established a Nomination and Remuneration Committee.
  • Established an Enterprise Risk Management Committee.
  • Established a Corporate Governance Committee.
  • Implemented anti-corruption policy and practices.
  • Established a whistleblowing policy.

Climate Goals & Targets

Supply Chain Management

Responsible Procurement
  • Suppliers Sustainable Code of Conduct

Climate-Related Risks & Opportunities

Reporting Period: 2021

Environmental Metrics

ESG Focus Areas

  • Corporate Governance
  • Environmental, Social, and Governance (ESG)
  • Social Responsibility
  • Environmental Responsibility
  • Anti-fraud and Corruption

Governance Achievements

  • Established Good Corporate Governance policy, Risk Management, Compliance of Laws and Regulations, Anti-Fraud and Corruption, and whistleblowing policies.
  • Formulated Good Corporate Governance, Ethical Standards and Code of Business Ethics Handbook

Climate Goals & Targets

Supply Chain Management

Responsible Procurement
  • Suppliers Sustainable Code of Conduct

Climate-Related Risks & Opportunities

Reporting Period: 2022

Environmental Metrics

ESG Focus Areas

  • Environmental
  • Social
  • Governance

Governance Achievements

  • Established Good Corporate Governance policy, Risk Management, Compliance of Laws and Regulations, Anti-Fraud and Corruption, and whistleblowing policies.
  • Formulated Good Corporate Governance, Ethical Standards and Code of Business Ethics Handbook for all levels of personnel.

Climate Goals & Targets

Supply Chain Management

Responsible Procurement
  • Suppliers Sustainable Code of Conduct

Climate-Related Risks & Opportunities

Reporting Period: 2023

Environmental Metrics

Total Carbon Emissions:28,900 tCO2e/year (Scope 1 and 2)

ESG Focus Areas

  • Governance, Risk, and Compliance (GRC)
  • Innovation and Technology
  • Community Development and Social Collaboration
  • Climate Action

Environmental Achievements

  • Installation of solar panels with a cumulative production capacity of 14.165 MWp in 2023.
  • Launched PTT Station flagship branch at Vibhavadi 62, designed with a “Green” concept and using 100% renewable energy.
  • Planted 1,500 rai of new forests and reinforced old forests with the Royal Forest Department, and maintained 8,100 rai of community forests.

Social Achievements

  • Community Coffee Sourcing (CCS) project: Generated 163 million baht in income for participating farmer groups; achieved a net present value (NPV) of 60 million baht and a social return on investment (SROI) index of 1.48.
  • Thai Det project: Generated 29.8 million baht in revenue from product sales through the project; supported 338 community enterprises/SMEs.
  • OR Plastic Blankets for Winter Warmth Project: Donated 16,000 blankets to underprivileged people; community enterprise earned 3.26 million baht.

Governance Achievements

  • Established the Corporate Legal Department as a separate entity.
  • Received official support from the Thai Private Sector Collective Action against Corruption (CAC) committee for membership.
  • Zero cases of fraud or intentional non-compliance with the law in 2023.

Climate Goals & Targets

Long-term Goals:
  • Carbon neutrality by 2030 and net zero emissions by 2050.
  • Increase the number of consumers who use OR’s Digital Platform to reach 14 million users by 2030.
  • The proportion of merchants using OR's Digital Platform or Digital Solution is 100% by 2030.
Medium-term Goals:
  • Reduce the proportion of conventional fuel use intensity by more than one-third by 2030 (compared to 2022).
  • Expand the EV Station PluZ to achieve 7,000 DC connectors by 2030.
  • Increase the number of consumers who use OR’s Digital Platform to reach 0.8 million users.
  • Proportion of merchant using the OR’s Digital Platform or Digital Solution is 11.7%.
Short-term Goals:
  • Reduce greenhouse gas emissions (Scope 1 and 2) from business activities by more than one-third by 2030 (compared to 2022).

Environmental Challenges

  • Maintaining social license to operate; potential for protests and challenges in attracting employees, customers, and investors.
  • Climate change impacts (physical and transition risks).
  • Adapting to the transition to a low-carbon society and changing consumer behavior.
Mitigation Strategies
  • Integrating ESG concepts into business conduct and operations.
  • Establishing a clear framework for overseeing climate change and conducting a Climate Scenario Analysis (TCFD-aligned).
  • Developing a Climate Strategy to progress towards Net Zero Emissions (SBTi-aligned).
  • Implementing CSR approach towards CSV by integrating social and community development into corporate vision and strategy.

Supply Chain Management

Responsible Procurement
  • Community Coffee Sourcing (CCS) project sourcing coffee beans from communities.

Climate-Related Risks & Opportunities

Physical Risks
  • Not explicitly mentioned, but implied through climate change mitigation strategies.
Transition Risks
  • Transition to a low-carbon society.
Opportunities
  • Expanding business in renewable energy, electric vehicles, and sustainable products.

Reporting Standards

Frameworks Used: UNGC (United Nations Global Compact)

Sustainable Products & Innovation

  • Low Carbon Coffee
  • Products from upcycled materials

Awards & Recognition

  • CAC Certificate