ENHANCE

EXISTING BUSINESS

  • Strengthen conventional fuel-based power generation business in support of power-system security and in response to market demand.
  • Increase the percentage of power generation by renewable energy in pursuit of carbon neutral and net zero.

GROW

AND SEEK FOR ENERGY-RELATED BUSINESS

  • Create growth and explore investment opportunities in related energy businesses in the supply chain.
  • Collaborate with partners in studying and developing new fuels and clean energies related to hydrogen, ammonia, carbon capture, utilization and storage (CCUS).
  • Expand investment into new businesses such as startups focused on blockchain technology and energy trading platform.

CORPORATE

GOVERNANCE CONSISTENCY

  • Operate businesses based on the principles of good corporate governance.
    • In 2022, EGCO Group was ranked “excellent” in the “Corporate Governance Report of Thai Listed Companies”.
  • Enhance credit standing and move towards investment grade. In 2022, EGCO Group was rated AA+ by TRIS Rating.
  • Maintain DJSI index. In 2022, EGCO Group was ranked in DJSI in the Emerging Markets Index in Electric Utilities category for three consecutive years.

OPERATIONAL

EXCELLENCE

  • Manage its organization in a sustainable way in all dimensions.
  • Improve operational system to perform better than standards on a continuous basis.
  • Foster business growth through ESG focus in all operating areas.
  • In 2022, EGCO Group has ranked SET’s Thailand Sustainability Investment (THSI) Index in Resources category for eight consecutive years.

EGCO GROUP

Driving Business Toward Sustainability

We reshape our commitment to meeting more challenges to achieve the goals of Carbon Neutral by 2040 and Net Zero by 2050.

Energy For Life

CLEANER, SMARTER AND STRONGER TO DRIVE SUSTAINABLE GROWTH

Short-term Commitment:

  • Reduce Carbon Emissions Intensity by 10%
  • Increase the renewable energy portion of the total generating capacity by 30%

within 2030

Medium-term Commitment:

Carbon Neutral

2040

Long-term Commitment:

Net Zero

2050

Message from the President

In 2023, to sustain such energy transition and engage in such weather mitigation, EGCO Group has amended its goals by accelerating its Carbon Neutrality by ten years (to 2040) and adding the achievement of the Net Zero emission goal by 2050 reiterating our intention to jointly ease global climate problems. To this end, we have defined our operating approach through sustainability operating plans, including our pursuit of investment opportunities in the hydrogen business through renewable power plants, management of conventional power plants, and cooperation with partners in the investigation and development of alternative energy consumption. This latter activity includes hydrogen fuels, carbon capture, utilization, and storage (CCUS) technology, and investment growth in new energy technologies and innovations.

Mr. Thepparat Theppitak

President

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Along with Conducting Business

EGCO Group has always emphasized caring for and engaging local communities, society, and the environment.

Latest Report

This One Report was developed in accordance with the International Integrated Reporting Council (IIRC), Global Reporting Initiative Standards’ (GRI Standards) ‘Core Options’ and GRI’s G4 Electric Utilities sector-specific disclosure criteria.

Furthermore, the objectives and performance report were developed in accordance with the United Nations Sustainable Development Goals (UN SDGs) and Dow Jones Sustainability Index (DJSI) to support sustainability in an international level.