Organization Contributions

[GRI 2-28 (2021)]

With a commitment to being a good member of society, EGCO Group supports various organizations and sectors to foster a partnership for coordination and collaboration in supporting and driving organizations that contribute to society and the country. Such efforts are aligned with the strategies or policies of EGCO Group and the organizations being supported, thereby promoting the growth and sustainability of both EGCO Group and its partners, while benefiting the overall society. To ensure that these supports comply with the laws, are transparent, auditable, and align with the company’s commitment that ‘any form of corruption is unacceptable, whether direct or indirect’, EGCO Group has established written guidelines for donations and support, as well as regulations for membership application to external organizations.

Topics supported by EGCO Group

  • Promotion and participation in Net Zero Network

    EGCO Group’s Approach

    • Provide supports

    Total contribution in 2024:

    252,000 Baht

    Participation of EGCO Group

    EGCO Group participates in and supports various activities aiming at achieving net zero emissions, fostering collaboration and knowledge exchange on climate change. The company also supports the greenhouse gas reduction policies and strategies by joining the Science Based Targets Initiative (SBTi), to set the target in alignment with international criteria for greenhouse gas reduction. EGCO Group joined Thailand Environment Institutes (TEI) & Energy Conservation Center, Thailand Biodiversity Network Alliance (B-DNA), Thailand Business Council for Sustainable Development (TBCSD), and Thailand Carbon Neutral Network (TCNN) to support projects that enhance quality of life, promote social, and environmental development, and contribute to sustainable growth of a climate-friendly society.

  • Promotion of technology and innovations regarding electricity generation and new energy

    EGCO Group’s Approach

    • Provide supports

    Total contribution in 2024:

    629,900 Baht

    Participation of EGCO Group

    EGCO Group participates in and supports various commercial associations aimed at promoting and developing the electricity industry. EGCO Group is a founding member of the Electricity Supply Industry Association of Thailand (TESIA), along with the other four organizations.

    The main objectives of this collaboration include promoting and sharing knowledge and experiences in technology, particularly in the electricity industry, to build relationships and solidarity among members, and overseeing the benefits and maintaining occupational stability for members involved in electricity production, distribution, or sales.

    In 2024, there are three representatives from EGCO Group, i.e. the president, the treasurer and the secretary of the association. Other members include Association of Private Power Producers (APPP), Thai Chamber of Commerce, Federation of Thai Industries (FTI), Federation of Thai Industries (FTI) Rayong and Ratchaburi, and Global Compact Network Association of Thailand (UNGC).

    Furthermore, EGCO Group participated in the Enlit Asia 2024 seminar in Malaysia, a regional academic conference on Energy and Electricity in Asia Pacific. The seminar held an energy industry transformation strategy. Herewith, Dr. Worpong Sinsukthavorn, SVP-Corporate Planning, presented as a speaker to exchange approaches to cooperation in energy transformation towards a low-carbon society.

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Energy Sector and Sustainability Network

Network Details EGCO Group Engagement and Value

Electricity Supply Industry Association of Thailand (TESIA)

 Electricity Supply Industry Association of Thailand (TESIA) was founded to foster the advancement and unity of the electricity sector. The main goals include promoting the exchange of technological knowledge and engineering expertise, building strong relationships and unity among its members, safeguarding their interests and professional security in electricity production and distribution, undertaking activities that benefit the public, and developing professional engineers for public benefit.
  • Participate in the promotion of technology in the electrical industry of Thailand
  • Exchange knowledge, experience and research technology in the engineering field
  • Building good relationships among the members
  • Engage in public interest activities

Petroleum Institute of Thailand (PTIT)

 Petroleum Institute of Thailand (PTIT) aims to advance the sustainable development of Thailand's petroleum, petrochemical, energy, and related industries by providing information services, fostering communication among stakeholders (government, industry, academia), supporting research and development, encouraging sound policies, promoting social responsibility, and facilitating human resource development within the sector
  • Support and promote the organization and people development for petroleum and petrochemical business
  • Support research promotion and conducting business in accordance with the relevant law of petroleum business

Association of Private Power Producers (APPP)

 Association of Private Power Producers (APPP) is an organization in the power industry that represent a group of good governance private power producers who have expertise and knowledge in power and energy business and share the same vision of driving for adequacy of energy supply, efficient use of energy and sustainable economy and social development as well as being the representative of private power producer to give the knowledge, experiences, sharing the view, express the idea and give suggestion on energy.
  • Support and promote energy network relationships in order to create electricity security in Thailand
  • Participate in promoting and supporting ethical practices (including social responsibility) in accordance with the objectives of the Association

Power Producer Industry Club

 Power Producer Industry Club is a part of the Federation of Thai Industries (FTI). The club aims to strengthen the domestic power producer industry and facilitate cooperation in research, technology development, and product quality to meet user needs. It also supports projects that improve quality of life, society, and the environment, and backs policies for the sustainable development of organizations and Thailand.
  • Participate in promoting and supporting cooperation in research, technology development and product quality to meet the needs of users

International Council on Large Electric System (CIGRE)

 The International Council on Large Electric Systems (CIGRE) is a global association fostering collaboration and knowledge sharing in all areas of electric power systems. It unites professionals from over 90 countries through working groups, international events, and publications to advance the sustainable provision of electricity. CIGRE is a leading source of technical expertise in the power industry.
  • Knowledge and technique sharing among the members whose business is involved in the high voltage activities regarding the production, transmission and distribution of electric power

Thai Chamber of Commerce

 Thai Chamber of Commerce has objectives to facilitate business and trade as well as to serve as the central coordinating agency between the Government and the Private Sector. It aims to promote Thailand’s business and trade and to safeguard Thailand’s commercial interests on an equal term and as an equal partner with other countries. This will be a good channel to receive and exchange best practices on business and economic terms.
  • Participate in promoting, supporting and complying with trade regulations as well as protecting trade interests and enhancing competitiveness to drive country growth

Federation of Thai Industries (FTI)

 The Federation of Thai Industries (FTI) aims to boost Thailand's industrial competitiveness and sustainability. It works to represent manufacturers, drive industrial progress, advise the government, support members, encourage collaboration, and promote sustainable growth through innovation and global engagement.
  • Support and promote the implementation of government policies together with other private sectors

Thailand Business Council for Sustainability Development (TBCSD)

 TBCSD is an association focusing on driving sustainable development with business solutions from the business sectors. It provides platforms for companies to share knowledge and advocate business position while working with governments and other parties.
  • Participate in promoting and supporting the implementation of projects to improve the quality of life, society and the environment
  • Support the policy and strategy for sustainable development of the organization and Thailand

Thai Listed Companies Association

 Thai Listed Companies Association (TLCA), established in 1987, is a non-profit organization for companies listed on the Stock Exchange of Thailand (SET) and Market for Alternative Investment (MAI). It facilitates discussions on regulations, corporate governance, and ESG, provides networking opportunities through various clubs, organizes executive education, and collaborates with regulatory bodies within the Thai capital market.
  • Become a member and support the development of Thai listed companies on the Stock exchange of Thailand, including the knowledge sharing on rules and practices of the listed companies

Thailand Environment Institute (TEI)

 Thailand Environment Institutes (TEI) was established in 1993. Institute’s intention is to collaborate closely with its partners such as private sectors, government agencies, local communities, civil society partners, academia and international organizations for natural resources conservation and the balance in the environment which is the grass root for global and national sustainability. Its core roles involve advising on national environmental policy, developing environmental knowledge and standards, enhancing sustainable resource management capabilities, fostering environmental partnerships and networks, disseminating environmental information to the public, and promoting good governance within its operations.
  • Operate the business in accordance with the country’s environmental policies, strategies and directions.
  • Participate in promoting and supporting the development of knowledge, innovation and environmental standards as well as develop the potential of business operations for natural resource management and environment for sustainability

Global Compact Network Thailand (GCNT)

 Global Compact Network Thailand (GCNT) is the local network of the United Nations Global Compact, established. GCNT supports Thai businesses in aligning their operations with the UN Global Compact's Ten Principles in human rights, labor, environment, and anti-corruption, and in contributing to the Sustainable Development Goals (SDGs). GCNT facilitates knowledge sharing, promotes responsible business practices, and encourages collaboration among companies, the UN, government, NGOs, and academia in Thailand to drive sustainable development
  • Support the implementation of sustainability strategies such as the UN Sustainable Development Goals and the UN Global Compact's 10 Global Principles.
  • Improve the management of labor issues, human rights, environmental protection and systematic anti-corruption in accordance with the 10 international principles of the UN Global Compact.

Thailand Carbon Neutral Network (TCNN)

 Thailand Carbon Neutral Network (TCNN) is a collaborative initiative established by the Thailand Greenhouse Gas Management Organization (TGO). It brings together private sector, government agencies, and local communities to promote the reduction of greenhouse gas emissions and drive sustainable growth towards a climate-friendly society, ultimately aiming for net-zero emissions in line with national and international goals.
  • Support and build cooperation in enhancing the reduction of GHG emissions among governments, other private sectors and local communities to create sustainable growth in achieving net GHG emissions which are in line with the commitment of the Paris Agreement on Climate Change

Thailand Bio-Diversity Network (B-DNA) Alliance

 Thailand Bio-Diversity Network Alliance (B-DNA) is established through a collaboration between the International Union for Conservation of Nature (IUCN) and private companies. Primary objective is to enhance the private sector's role in conserving Thailand's biodiversity and contributing to the Sustainable Development Goals (SDGs) and Aichi Biodiversity Targets. B-DNA serves as a space for companies to increase their awareness and capacity for sustainability, network, and collaborate on conservation projects across the nation.
  • Support and strengthen the Company’s role in the conservation of nature in Thailand, focusing on biodiversity to achieve the Sustainable Development Goals and Aichi B-DNA, Biodiversity Goal

Science Based Targets Initiatives (SBTi)

 Science Based Targets initiative (SBTi) is a global body enabling businesses and financial institutions to set ambitious emissions reduction targets in line with the latest climate science. It defines and promotes best practices in science-based target setting, offering standards, tools, and guidance to help organizations align with the Paris Agreement goals of limiting global warming. SBTi independently assesses and validates targets, providing a clear pathway for companies to decarbonize and contribute to a net-zero economy
  • Contribution to EGCO Group’s establishment of a greenhouse gas reduction target in line with the goal of the Paris Agreement, and consistent with the scientific principles of climate change. Greenhouse gas reduction is one of the crucial aspects of the journey toward achieving net zero.

Global Sustainability Network

UN Global Compact

EGCO Group became a member of the UN Global Compact in 2022, aiming to support UNGC’s 10 principles covering human rights, labor standards, environment, and anti-corruption issues. The company submitted an annual progress report (Communication on Progress: CoP) consistent with its Sustainability Report, to the UNGC to demonstrate its commitment and performance, in alignment with the 10 principles and SDG Goals.

Letter of Commitment to support the UNGC’s 10 Principles and the SDG Goals

Download
Sustainability Report 2021
EGCO UNGC Communication on Progress 2024
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