Social Enterprise is an organization that applies commercial strategies to maximize improvements in social and environmental well-being. Social Enterprise, financially viable independence, does not depend on donation and shall re-invest profit for community benefit.
PTTEP together with PTT Group has set up Sarn Palung Social Enterprise Company Limited (SPSE) with an aim to promote Social Enterprise and to be a Leader of Social Enterprise implementation to solve communities’ problem and continuously develop sustainable society which will improve the quality of life in long run.
Social Enterprise - Café Amazon for Chance Project
Café Amazon for Chance has been launched to create jobs for the underprivileged, under the supervision of SPSE. In 2019, SPSE and PTTEP forged a 50:50 investment to open the Café Amazon for Chance at the Royal Thai Marine Corps., in Sattahip District, Chonburi province. Opening in January 2020, the branch is staffed by veterans discharged because of injuries and their families who have been trained as barista and staff in the shop. PTTEP plans to contribute the profit to fund the marine conservation activity in the future.
School-Based Integrated Rural Development Project or School-BIRD
In 2017, PTTEP, in collaboration with Mechai Viravaidya Foundation, pioneered the School-Based Integrated Rural Development Project (School-BIRD Project) which is one of PTTEP’s Social Enterprise Initiatives in the Operations area i.e., at Ban Pradu Tao School, Sukhothai Province, Ban Bung Tab Rat School, Kamphaeng Petch Province, and Padung Wittana School, Phitsanulok province. The aim is to develop school as model of a Learning Hub and a Center for Economic and Social Development as well as to enhance social value in location where we operate. Fundamental knowledge and resources are provided to students, schools and communities to run their own agricultural business and generate income. The project focuses on the following 6 key activities:
- Engagement in school activities and strengthening community in the school vicinity
- Agricultural business training and implementation i.e., establishment of school-based mini-farm
- Capacity building activity for students, teachers and communities
- Establishment of a Social Enterprise-based Bank to encourage savings and provide communities with access to loan for business
- Establishment of Business Fund to support students’ entrepreneurship
- Health, Sanitation, Environment and Water Project to solve specific problem within community
PTTEP believes that the project increase opportunity for students, schools and communities to generate income, allowing them to attain a better quality of life and self-sufficiency.
PTTEP has carried out analysis on Social Return on Investment (SROI) of this project by measuring the social impact of the program with the financial quantification calculation (monetization). This method is intended to measure the value of the financial impact of the program that compares to the value of the impact to the cost of the program that has been invested into. It appears that the value of the SROI ratio is 5.34: 1
Sobis Pammase Social Enterprise
PTTEP's social contribution is extended to communities to the country where the Company has the operations. The Sobis Pammase project is one of the projects to promote social enterprise in West Sulawesi, Indonesia. PTTEP has extended support to local farmers involved in shrimp, duck, chicken, and Trigona bee cultivation since 2018. The project aims to generate income and uplift community quality of life as well as to allocate partial profit from the project to fund the Stimulation, Intervention, Optimization of Services for Children (SIOLA), initiated by PTTEP, which is the program that focuses on the development of pre-school children and promoting household environments that are beneficial to a child's growth in terms of food, health and protection. SIOLA covers 15 centers in West Sulawesi, Republic of Indonesia.