Corporate Citizenship

Corporate Citizenship and PTTEP Group Wide Social Development Strategy

With regard to “Good Corporate Citizenship”, PTTEP defines a group wide social development strategy which is deployed globally to all operating assets whilst taking into account the specific need of each community.

PTTEP continuously implements social development projects to create values for society in addition to strengthening our relationship with the communities through strategic communications, providing knowledge and understanding of good exploration and production practices, as well as involvement of PTTEP employees in the company’s initiatives to develop community and society. PTTEP conducts the Stakeholder Commitment Survey, the results of which will be used to develop PTTEP’s social development  strategy in order to gain acceptance and support for the company’s operations.  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 improve the quality of life of stakeholders.

 

PTTEP has begun to strategically convert its existing social responsibility projects to be “Creating Shared Value” or “CSV” to create economic value via a business model or to be a Social Enterprise to deliver long term sustainability

PTTEP has carried out analysis on Social Return on Investment (SROI) of various projects in 2016  including  the Forest Restoration for Eco-learning at Sri Nakhon Khuean Khan Park in line with HRH Princess Sirindhorn’s Initiative (Bang Kachao) Project, Crab Hatchery Learning Center Project, Waste to Energy Project and PTTEP Phet  S1 Scholarship Project. In 2017, SROI of  H.T.M.S. Underwater Learning Site Project, Beach Cleaning Robot Project and PTTEP Teenergy Project have been carried out. SROI for these projects are available to view in the respective project information.