GC established the Green Business as seen it is business opportunity and also minimize risk from climate change. The green business itself serves social needs in terms of clean energy and is geared toward green society consistent to our vision; To be a Leading Chemical Company for Better Living.
Since 2016, GC primarily identifies and measures both externally positive and negative impacts on environment and society by estimating the profit and loss in the monetary value of the "Green Business". For the initial case study, GGC and PTTMCC are selected and applied natural and social capital protocol approaches to measure value of environmental externalities and social externalities.
Natural & Social Capital Protocol
Four main steps of the Natural & Social Capital protocol are;
Understanding, classifying, prioritizing natural and social capitals and its relevance to business
Classification of the scope
Measure and evaluation
Applying and integrating results to key business decisions
Source: Natural Capital Protocol