GC secures the Top 1% in S&P Global ESG Scores and is ranked as the No. 1 Sustainable Company out of 355 Chemical Companies Worldwide
BANGKOK, THAILAND - Media OutReach Newswire - 13 March 2024 - Dr. Kongkrapan Intarajang, CEO and President of PTT Global Chemical Public Company Limited or GC, revealed that GC has been ranked in the global sustainable company with a Top 1% S&P Global ESG Score, securing the No.
1 with the highest score among over 355 companies in the global chemicals sector. This reinforces the company's reputation as a global sustainability leader.
GC has set a strategy to become a low-carbon organization, with the goal of achieving Net Zero by 2050. This aligns with the Paris Agreement under the United Nations Framework Convention on Climate Change. The approach is executed through three clear and measurable core strategies.
- Efficiency-driven: Enhancing efficiency and reducing energy use while increasing the proportion of environmentally friendly renewable energy. In 2023, there were a total of 194 energy conservation projects, reducing energy consumption by over 1.84 million gigajoules.
- Portfolio-driven: Restructuring the business towards low-carbon businesses and aligning with bio-based products and circular economy principles (Bio & Circularity Business). This includes ENVICCO, the first high-quality, food-grade recycled plastic resin manufacturing plant in Thailand certified by the Thailand Food and Drug Administration (FDA), the U.S. Food and Drug Administration (US FDA), and the European Food Safety Authority (EFSA). This effort can reduce plastic waste in Thailand by more than 60,000 tons per year, reducing greenhouse gas emissions by 75,000 tons of carbon dioxide equivalent.
- Compensation-driven: Forestation of terrestrial and mangrove forests for carbon absorption from nature and ecosystem restoration has been ongoing for over 10 years (2013-present). This is in collaboration with government agencies, trading partners, business partners, and allies, from upstream to downstream, to foster positive biodiversity conservation. Additionally, agricultural products help create jobs and income for the community.
GC is committed to operating business under the principles of Environmental, Social, Governance, and Economic (ESG) balance, focusing on promoting sustainability throughout the business chain. The company extends collaboration to all sectors to facilitate a tangible transition towards sustainability nationally and globally. GC is always mindful that as global citizens, the company has a responsibility to care for and create a sustainable balance for all lives, aiming to pass on a better world to future generations.
"The Sustainability Yearbook" is a ranking of sustainable companies based on global sustainability assessments by S&P Global. In 2024, over 9,400 companies worldwide participated in the evaluation, with only 759 companies achieving the scores necessary to be included as Yearbook Members across 62 industry sectors. S&P Global is considered an index that evaluates the performance of companies in line with leading global standards for sustainable development, ensuring that companies manage all aspects according to ESG principles. This enables them to generate sustainable returns for investors and create long-term value for stakeholders. The results of this assessment are also used in the consideration for membership in the global sustainability index, the Dow Jones Sustainability Indices (DJSI). GC is a member of the DJSI World Index, achieving the world's No. 1 ranking in the chemicals sector for five consecutive years.
Hashtag: #DJSI #GC #ChemistryforBetterLiving #GCSustainableLiving #BetterforYouBetterforOurWorld
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About GC
PTT Global Chemical Public Company Limited, or GC, is dedicated be a leading global chemical company that enhances people's lives with innovative plastics and chemicals following our vision of Chemistry for Better Living. We operate a business that prioritizes the balance of environmental, social, and corporate governance alongside economic (ESG) efficiency, aiming to maximize resources use under the Circular Economy concept. GC focuses on innovating products and solutions that address megatrends while meeting the expectations of all stakeholders.
GC is the only company in the world to have been ranked number 1 in the Chemicals Sector by the Dow Jones Sustainability Indices (DJSI) with the highest score for five consecutive years (2019-2023) by S&P Global. Also, we have been rated at Leadership Level (A List) in water management and environmental management in climate change by CDP. Currently, GC has manufacturing plants and distributors in and outside of Thailand, 43 international operation sites and 33 global Tech centers in 20 countries worldwide. GC is driving toward becoming a low-carbon organization while ensuring sustainable business growth by setting clear strategies and plans that are trackable, with aims to reduce greenhouse gas emissions for 20 percent by 2030 on our journey towards achieving Net Zero by 2050.
