EGCO Group Rated “AA+” with “Stable” Outlook by TRIS Rating in 2023
EGCO Group has been assigned a company rating of “AA+” rating outlook by TRIS rating for the second consecutive year. The rating reflects EGCO Group’s competitiveness as a leading electricity producer investing in large and diverse power plant projects. This is coupled with the stable cash flow from long-term power purchase agreements.
EGCO Group achieved a CGR score of “Excellence” and received the ASEAN CG Scorecard
EGCO Group’s commitment to international-standard good governance practice has been emphasized once again as the Company won 2 corporate governance (CG) awards in 2022. The Company has continually achieved a CGR score of “Excellent” level of recognition in the Corporate Governance Report of Thai Listed Companies (CGR) and received the ASEAN CG Scorecard – ASEAN Asset Class PLCs at the ASEAN Corporate Governance Scorecard.
“Sustainability Disclosure Award 2022”
EGCO received an honorary award “Sustainability Disclosure Award 2022” for the 4th consecutive year from Thaipat Institute. This is to reinforce our position on transparent disclosure of ESG (Environmental, Social and Governance) to the public for the highest benefit of all stakeholders.
EGCO Group is listed as a DJSI Member in the Emerging Markets Index under the Electric Utilities Sector for a third consecutive year.
EGCO Group has been selected as a member of Dow Jones Sustainability Indices (DJSI) 2022 in the Emerging Markets Index in Electric Utilities category for the third consecutive year. The world-class recognition emphasizes EGCO Group’s commitment to operating sustainable business by adhering to ESG (Environmental, Social, and Governance) principles throughout the past 30 years.
Thailand Sustainability Investment (THSI) 2022
EGCO Group was listed in “Thailand Sustainability Investment (THSI) 2022” for 8 years in a row in the Resources category from the Stock Exchange of Thailand. This is clear proof that EGCO Group’s sustainable business practice concept focuses on growing its business by adhering to good governance, transparency, and accountability practices. In parallel, EGCO Group concentrates on being a good corporate citizen who lives in harmony with the environment, surrounding community and society. The Company is also dedicated to creating added value for all stakeholders throughout 30 years of business operations.
Khanom Power Plant received the Outstanding of “The Prime Minister’s Industry Award 2022”
Khanom Power Plant, a subsidiary of EGCO Group, received the Outstanding Industry Award of “The Prime Minister’s Industry Award 2022”, under the social and responsibility category, providing supportive and sustainable coexistence with the community. The Ministry of Industry organized the award to reinforce the intention of the Khanom power plant, which is committed “to be a role model of power plant for environmental protection and sustainable coexisting with the community”.
EGCO Group Rated “AA+” with “Stable” Outlook by TRIS Rating in 2022
EGCO Group has been assigned a company rating of “AA+” with a “stable” rating outlook by TRIS rating for the second consecutive year. The rating reflects EGCO Group’s position as one of the leading power producers in Thailand, with an excellent track record, well-diversified portfolio and strong liquidity.
Asia Responsible Enterprise Awards 2022
EGCO Group led a waste management project within “EGCO Ecosystem” to receive the “Asia Responsible Enterprise Awards 2022” (AREA2022) for the second consecutive year in the category of Green Leader. The award is organized by the Enterprise Asia Institute, a non-governmental organization that supports entrepreneurial, socially and environmentally responsible companies in Asia. This reflects regional acceptance of business operations according to sustainable development guidelines with an emphasis on a low-carbon society.
Golden Heart Award 2021
EGCO Group received an award of honor “Golden Heart Award” 2021, organized by Health & Elderly Establishment Confederation (HEC) to recognize public and private organizations that support projects to prevent and heal the people impacted from the outbreak of COVID-19 continually and concretely during the past two years.
S&P Global Sustainability Award
EGCO Group topped the global sustainability platform. Ranked Silver Class, listed in the world's Top 10 of Electrical Utilities Sector from the S&P Global Sustainability Award and was selected in the Sustainability Yearbook 2022 from S&P Global's assessment.
Sustainability Disclosure Award
EGCO Group received the honorary award “Sustainability Disclosure Award” for the 3rd consecutive year from the Sustainability Disclosure Awards for the year 2021 organized by Thaipat Institute. Reinforcing our position on transparency disclosure of sustainability information according to the United Nations Sustainable Development Goals (SDGs).
EGCO Group Receives CG Score of “Excellent” for 14th Consecutive Year
EGCO Group has been assessed as a listed company with good corporate governance at the level of “Excellent” or “5 stars” with a score of 97 points from the Thai Institute of Directors Association (IOD). This award is supported by the Stock Exchange of Thailand (SET) and the Office of the SEC, which conducted the Corporate Governance Report of Thai Listed Companies 2021 - CGR from over 716 companies.