SD Framework and Strategy

Sustainable Development (SD) Philosophy and Framework

Operating under the philosophy and concept of sustainable development, PTTEP strives to provide energy security through continuous growth and competitive returns with less impact on environment and society through responsible operations in response to the stakeholder expectations.

PTTEP developed the Sustainable Development Framework as the way of working and strong foundation to support our journey towards sustainability, including to achieve our vision of becoming the “Energy Partner of Choice”. The framework comprises of three main components namely: High Performance Organization (HPO) or “Be Smart”, Governance, Risk Management and Compliance (GRC) or “Be Good”, and Stakeholder Value Creation (SVC) or “Be Responsible”. The framework also corresponds with the United Nations Sustainable Development Goals (SDGs). 

PTTEP is confident that this strong foundation as well as conscious consideration of all stakeholders’ interests will enable us to deliver value and foster sustainability for the wider world. (From We to World).

Sustainability Strategy

Within the Sustainable Development Framework, in 2019, PTTEP formulated sustainability strategy through the materiality assessment process to address and prepare for future challenges, cope with energy transition as well as create long-term sustainable value in response to stakeholders’ expectations. Our sustainability strategy and corporate long-term targets (2030) consist of the following:

In addition to the corporate-level sustainability strategy and long-term targets, PTTEP recognizes the importance of social development projects in operating areas. The company commit to continuing the implementation of social development projects that appropriately meet the needs of the stakeholders in each location in four main areas: basic needs, education, environment, and culture, as well as the implementation of Sustainability Strategy and corporate long-term targets. Moreover, PTTEP strives to create knowledge, innovation and technology and collaboration networks to expand it in addressing national issues effectively and concretely such as the establishment of PTTEP Technology and Innovation Centre (PTIC) at Wang Chan Valley, Rayong Province, where the Eastern Economic Corridor of Innovation (EECi) is located; contributions to the national development of science, technology, and innovation through support to Kamnoetvidya Science Academy School (KVIS), and Vidyasirimedhi Institute of Science and Technology (VISTEC).