Climate Strategy and Market Opportunities Overview
Why is this Important?
Climate change and greenhouse gas emissions create direct risks for EGCO Group in terms of production costs, asset stability, and revenue, particularly from carbon regulations and natural disasters. At the same time, they provide opportunities for new revenue streams from renewable energy and clean technologies. EGCO Group must adjust its investment portfolio and comprehensively strengthen climate risk management.
EGCO Group pursues the “POWER4” strategy, aiming to expand its renewable energy portfolio to 30% by 2030, achieve carbon neutrality by 2040, and reach net-zero greenhouse gas emissions by 2050. Strategic actions include ceasing new coal investments, feasibility study on CCUS technologies, engaging in carbon credit and I-REC markets, as well as conserving natural resources and restoring upstream forests to reinforce sustainable growth
Sustainability Material Topic: Climate Change and Emissions
Stakeholder Impact on Material Topics
Shareholders
Government agencies/regulators
NGOs
Media
Creditors
Suppliers and Business Partners
Management Approach
Climate Change Target
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Achieve Net Zero by 2050
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Achieve Carbon Neutral by 2040
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Reduce carbon emission intensity by 10% by 2030
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Increase electricity generated from renewable energy to 30% within 2030
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Increase electricity generated from renewable energy to 200 MW
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Proportion of EGCO’s Group renewable energy capacity 22.51%
Climate Change Strategy
EGCO Group has established a climate change strategy as a part of its “Cleaner, Smarter and Stronger to Drive Sustainable Growth” business direction.
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Resilient Portfolio
EGCO Group places importance on the Resilient Portfolio by focusing on increasing the share of renewable energy generation, while concurrently reducing the proportion of high-carbon power generation.
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Innovative Business
EGCO Group has set the objective to transform into a highly efficient organization. Driven by innovation and sustainable practices, the company is ready for the transition toward a low-carbon society.
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Enabling Programs
EGCO Group promotes enabling programs by supporting capacity-building initiatives and encouraging stakeholder engagement through the enhancement of risk and opportunities management associated with climate change.
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International Financial Reporting Standards Standard 2 (IFRS S2)
EGCO Group supports voluntary climate-related disclosures. The company reports information in accordance with the recommendations and reporting framework of the International Financial Reporting Standards Standard 2 (IFRS S2) on Climate-Related Financial Disclosures.
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Carbon Credits and Carbon Capture Projects
EGCO Group and its subsidiary power plants collaborated with Thai Rak Pa Foundation, a charitable organization established and supported by EGCO Group. The collaboration includes the commitment to conserve and restore watersheds in key areas of Thailand, as well as continuously supported greenhouse gas reduction projects.
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Performance Data
Updated as of May 2026
The information reported above was prepared in accordance with the Global Reporting Initiative Standards (GRI Standards). It has been audited by an external party and has received limited assurance through the 2025 Annual Report.