Environmental Management at PTTEP

PTTEP commits to operate the business conscientiously and responsibly towards society and environment through adhering to the Safety, Security, Health, and Environmental (SSHE) Policy, which includes the commitment to the environmental protection. Company personnel, business partners as well as contractors working for or on behalf of the company must implement this SSHE Policy. Our implementation of the Environmental Management System (EMS) is integrated in the SSHE Management System implementation, and is aligned with the ISO 14001 international standard. Not only all activities throughout the company project life cycle; mainly from the exploration, production and decommissioning phases, but supporting activities for example product transportation, waste management, other logistics activities and supply chain management are also covered by the SSHE Policy. For the effective implementation, the Corporate Oversight of SSHE Management System Standard is in place to specify the mandatory key requirements from each individual SSHE standard and the oversight protocol. This Corporate Oversight includes how the effective due diligence SSHE assessment shall be carefully done during Merger and Acquisition (M&A) activities and how PTTEP influences Joint Ventures/ Business Partners to achieve PTTEP SSHE requirements. Hence, SSHE criteria also set to evaluate SSHE issues and performances during the SSHE due diligence process.

To achieve Target Zero and the company’s sustainability strategies, the Green Practice Roadmap laid out the strategic plan for the environmental pillar. The roadmap supports the mitigation of environmental impacts from our operations, lowering of our carbon and ecological footprints, as well as creation of value-added processes to our business. This roadmap supports the company commitment to deliver cleaner and more environmental-friendly petroleum exploration and production by introducing and implementing the various projects in each theme for example; greenhouse gas reduction projects, energy efficiency, green procurement, green logistics, and etc.

To protect the surrounding environment and mitigate the environmental impact, PTTEP conducts the environmental assessment study in compliance with the regulatory requirements and on a voluntary basis according to the company requirement and/ or international standard requirement. An Environmental Assessment study is a tool to identify and evaluate the environmental aspects and impacts, including to develop the monitoring and mitigation plans for all E&P phases. In compliance with the regulatory requirements, an Environmental Impact Assessment study (EIA) (typically include social and health impact assessment) is required for every oil and gas exploration, production and decommissioning projects, which study scope is subject to regulations in each country. A summary of the company EIAs and the case studies of EIA Reports is addressed in the Capital Project Management section. In addition, stakeholder management also plays an important role in driving the business success through the appropriate management of their expectations and agreed objectives. PTTEP’s stakeholder management can be done through either the company stakeholder management process or the EIA process. In preparation for end of project life or decommissioning phase, a number of process and study is required based upon the country regulations which commonly involves the risk assessment in several dimensions e.g. environment, safety, technical and engineering, community and financial. Hence the activities under decommissioning phase are considered critical as much as the exploration and production phase, which all SSHE Management System is applied at same level.

For a good performance management, PTTEP requires all operating assets to implement and certify for the ISO14001 within 2 years after execution of the production phase or after new acquisition of brown field, which resulted in the achievement of ISO 14001:2015 certification for our operating assets both Thailand and International Assets. Last but not least, PTTEP commits to 100% reporting of our environmental performances for all operating Assets under operational control and supporting functions in accordance with the Global Reporting Initiative (GRI) Sustainability Reporting Standard for the “In Accordance – Core” Option, Oil and Gas Sector Disclosures – OGSD, and international frameworks for sustainability management under Oil and Gas Industry Guidance on Voluntary Sustainability of the International Petroleum Industry Environmental Conservation Association (IPIECA). The environmental performance reports cover the following, but not limited to: energy consumption, greenhouse gases and air emission, water withdrawal, water discharge, waste generation and disposal, spill, biodiversity and ecosystem services and produced water disposal.

For the continuous improvement of our environmental performance, PTTEP has developed an environmental performance database, and has continuously reviewed and updated the data collection method and database itself. The data reported since 2010 has continuously been assured by an independent external party as well as publicly disclosed in PTTEP Sustainability Report. In addition, we also benchmark our performance against peers in the International Association of Oil and Gas Producer (IOGP), Dow Jones Sustainability Indices (DJSI), Carbon Disclosure Project (CDP) for Climate Change and Water Security and other organizations.