Corporate Citizenship

Corporate Citizenship and PTTEP Group Wide Social Development Strategy

With regard to good corporate citizenship, PTTEP defines group wide social development strategy which has been deployed globally to all operating assets whilst taking into account the specific need of each area.

Focusing on stakeholder management, in 2016 PTTEP conducts the social engagement survey in 3 domestic operating assets to define strategic plan to raise stakeholder’s commitment level.

PTTEP classifies stakeholder commitment level into 4 levels i.e. 1. Awareness 2. Understanding 3. Engagement 4. Support and aims to achieve “Support” level from key stakeholders in 2020. To achieve the target PTTEP CSR and philanthropic activities will be deployed to uplift quality of life of stakeholders.

 

Beginning in 2016 PTTEP analyzed Social Return on Investment (SROI) of various projects in Thailand, including the Project for the Forest Restoration for Eco-learning at Sri Nakhon Khuean Khan Park (in line with HRH Princess Sirindhorn’s Initiative, Bang Kachao), Crab Hatchery Learning Center, Waste to Energy and PTTEP Phet  S1 Scholarship Projects.

 

SROI =        Tangible Value + Intangible Value      

               Investment (Time) + Investment Money