Corporate Social Responsibility Initiatives
EGCO Group realizes the importance of ‘youth’, who are growing to become the future of the country, and therefore encourages the cultivation of public service mindset by building knowledge and understanding through out-of-school learning to enhance awareness and eventually leading to social sustainable development.
EGCO Group supports the participation in protecting and restoring the environment, biodiversity, ecosystem, and the watershed which is the source and storage area of natural water as well as the origin of living things, through the operation of Thai Conservation of Forest Foundation. Action plans have been developed in accordance with internationally acceptable guidelines, and in line with social responsibility strategies of other organizations. Key performance indicators (KPIs) identified for each component have been added to EGCO Group’s operational approaches since 2020 as detailed below.
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Key Initiatives
Community
Quality of life promotion project for communities surrounding EGCO Group’s power plants covering 6 strategies including:
- Encouraging local employment
- Professional skills development
- Educational and learning promotion
- Health, sanitation, and safety promotion of communities surrounding the power plants
- Infrastructure development, religion and cultural promotion, and other community relation activities
- Environmental conservation.
Social
- The project “Science Innovation Changes the World, Discovery Journey: Future Energy for Life, exploring the world of future energy with a floating power plant”
- Expanding the ‘EGCO Ecosystem’ project to EGCO Group’s power plants and participating in TBCSD and AIS networks for the E-Waste Hub Project.
Environment
- Entering into the 5-year memorandum of cooperation for "Conservation and Restoration of Natural Resources in Watershed and Community Forests" between the Thai Conservation of Forest Foundation (TCOF) or Thai Rak Pa Foundation and the Royal Forest Department.
- The project EGCO Forest Camp online game to explore watershed forests.
- Entering into a memorandum of understanding regarding “The Promotion of Utilizing Research Findings for Commercial and Social Benefits.” Between TCOF and Thailand Institute of Scientific and Technological Research (TISTR).
- Participation in the International Conference on Biodiversity 2023 (IBD 2023) by exhibiting showcase and exchanging experiences and knowledge on the topic “EGCO Group Pathway towards Climate Change and Biodiversity Targets”
- Tree survey for green area conservation project of Khanom Power Plant.
- Birds and bats monitoring project in Boco Rock Wind Farm, Australia.
- Watershed conservation and restoration project by TCOF.
- Forest plantation project in collaboration with local communities of Ban Pong Power Plant and EGCO Cogen Power Plant
- Swimming crab release project of Khanom Power Plant in collaboration with a research center.
- Volunteering to build firebreaks at Chaiyaphum Wind Farm.
- Enhancing fishery products in natural water course project by Khanom Power Plant.
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Business KPIs
Community
- Number of volunteering hours.
- Number of complaints.
- Satisfaction/ acceptance score.
- Number of community development projects.
- Frequency of community relation activities.
- Value of PR campaign to build a positive impact on EGCO Group/ awards/ certified standards.
Social
- Number of volunteering hours.
- Percentage of segregated wastes.
- Amount of greenhouse gases reduced.
- Satisfaction score – percentage of participants gaining knowledge.
- Value of PR campaign to build positive impact on EGCO Group/ awards/ certified standards.
Environment
- Percentage of power plants with biodiversity protection and mitigation plans.
- Percentage of projects undertaking biodiversity evaluation.
- No environmental complaints.
- Value of PR campaign to build positive impact on EGCO Group/ awards/ certified standards.
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Social and Environmental KPIs
Community
- Percentage of local employment.
- Number of beneficiaries.
- Promotion of quality-of-life development project.
- Financial support for community development.
- Continuity of community relation activities of not less than 2 activities per month.
Social
- Number of beneficiaries (students, schools).
- Percentage of understanding of participants.
- Percentage of segregated wastes.
- Amount of greenhouse gases reduced.
Environment
- Number of trees counted and data collected in the green area of Khanom Power Plant.
- Amount of carbon captured in trees within the green area of Khanom Power Plant.
- Number of bird and bat populations (Boco Rock Wind Farm).
- Area of forest restored by Thai Conservation of Forest Foundation.
- Number of mangroves and trees planted at Quezon Power Plant.
In addition, EGCO Group has implemented social development programs continually in collaboration with external organizations e.g. community organizations, local and national government agencies, and has joined and supported the operations of the following main sustainability networks.
In 2023, EGCO Group was honored with the “Asia Responsible Enterprise Awards 2023” (AREA 2023) for the third consecutive year, in the Investment in People Category from Enterprise Asia Institute, a leading non-governmental organization that promotes the potential of outstanding operators for social and environmental responsibility in Asia region. The award was given from the company’s ‘Energy Teacher’ project which enhances teacher’s capacity to use digital media in disseminating knowledge about energy efficiently and applying it to daily life.