GC Receives LCSi Certification from the Thailand Greenhouse Gas Management Organization
PTT Global Chemical Plc, or GC, represented by Kongkrapan Intarajang, Chief Operating Officer - Upstream Petrochemical Business, was recently recognized as a leading company in the “Low Carbon and Sustainable Business Index” (LCSi) with an “Excellence Score” by the Thailand Greenhouse Gas Management Organization (Public Organization), or TGO. The certificate was presented by Thaneadpon Thanaboonyawat, Secretary of the Ministry of Natural Resources and Environment, who also presided over the awards ceremony.
As a leading company in the chemical business and the chemical flagship of PTT Group, GC is committed to incorporating sustainability throughout its business practices and creating a balance between the economy, society, and the environment. Through its previous achievements in attaining sustainable development goals and receiving domestic and international recognition, GC has consistently understood the need to adhere to low-carbon business practices. The company has pledged to reduce greenhouse gas emissions by 20% within 10 years in response to Thailand’s greenhouse gas reduction goals and address the global warming issue, and by 52% by 2050 in support of the Science Based Targets initiative, which aims to keep the global temperature increase to less than two degrees Celsius.
GC is committed to developing environmentally-friendly chemicals. The company’s products were first certified and registered to carry the Carbon Footprint Reduction label from TGO starting in 2011, continuing until today. In addition, GC has set a goal of increasing the production of Performance and Specialty Chemicals and Green Chemicals by 30% by 2030, together with ending the production of single-use plastics within five years.
GC has pledged to operate in line with the principles of sustainable development to drive its business and is dedicated to creating a balance in three dimensions: the economy, environment, and society. The company is also committed to applying the principles of the Circular Economy throughout its operations while promoting the concept of Circular Living, which encourages the efficient use of resources by individuals and communities to ensure the maximum benefit. This represents the company’s firm commitment to a low-carbon and sustainable business model.
The Low Carbon and Sustainable Business Index (LCSi) is an indicator that measures the management and reduction of greenhouse gas emissions by companies in line with national and global sustainable development goals. The LCSi is also awarded to businesses to recognize their efforts and for being important role models for other organizations.
In addition, GC was recently rated number one in the world for sustainability in the 2019 Dow Jones Sustainability Indices (DJSI) in the chemicals industry group with a best-in-class 100th percentile ranking for its total sustainability score, and also ranked among the top 10 companies in the chemicals sector for the seventh consecutive year. This year, GC also demonstrated significant environmental performance with the implementation of its Climate Strategy, Water Management, and Product Stewardship.
GC continues to deliver sustainable products and performance through partnering with agencies and companies at the domestic and international level. This reflects the company’s tradition of excellence and global reputation for taking responsibility for the environment, society, and stakeholders. It also shows that GC continues to demonstrate how to best implement sustainable business practices while increasing the trust and confidence of stakeholders over the long term.