Sharing: Promotes organizational strength by sharing ideas and innovations to create value for communities and society. An outstanding project is the Smile-Creation Innovation Project, namely Smart Farming by GC. This project incorporates innovat ions such as plast ic cover ings for greenhouses and stretchable bags for vegetables. It integrates alternative energy and IoT technologies to elevate agricultural practices, providing sustainable income to communities. In 2023, it generated over 860,000 Baht, with an average monthly income increase of approximately 31,800 Baht compared to 2022. Ecology: Prioritizes business practices that align with sustainable ecology throughout the value chain. The Water Conservat ion project , a collaboration between the company, the government, educational institutions, and communities in Rayong, focuses on addressing flood-drought issues. Activities include creating water catchment barriers with winged plastic bags and implementing a closed underground water bank. This project alleviates saltwater intrusion, drought, and flood issues in communities. These projects ensure that farmers have sufficient water supply for agriculture all year round and reduce 126,200 baht per year worth of water consumption from the water supply system. Sustainability Management in the Governance & Economic Dimension GC continuously updates its innovation strategy by planning and allocating resources to support research and the creation of new innovations. This strengthens the company’s competitiveness and promotes the achievement of its net greenhouse gas emission targets. The innovation management strategy and operational framework include: 1) Competitiveness & Decarbonization: Focuses on enhancing competitiveness and reducing greenhouse gas emissions. Ongoing projects include low-carbon energy production, chemical recycling, syngas, textile recycling, and carbon capture. 2) MarketFocused Innovation: Involves working on innovative product development aligned with market demands. 3) Innovation Growth Platform: Establishes platforms to foster innovation growth. 4) Enabler: Strengthens support units to facilitate innovation. Addi t ional ly, the company supports long-term collaboration with external networks, organizations, or experts and enhances the potential and capabilities of its employees. In 2023, various innovation projects were undertaken, including the establishment of the InnoPlus Solution Center, serving as a hub connecting business networks throughout the value chain. Collaboration initiatives involved a Memorandum of Understanding (MOU) with the School of Molecular Science and Engineering, the Vidyasirimedhi Institute of Science and Technology (BSE, VISTEC). This collaboration focused on synthetic biology research, biomolecular engineering, and green business, aiming to elevate the company’s position in high-value businesses. The compnay is act ively seeking technologies and investment opportunities, emphasizing technology groups such as decarbonization, advanced materials, biotech and life science, clean technology, and digital platforms within the Green Century Ventures project. GC’s firm commitment to sustainability is in line with the national approach and in accordance with international standards. The company has achieved notable success, reflected through leadership in four leading sustainability indices: Dow Jones Sustainability Indices (DJSI): Ranked first in the Dow Jones Sustainability Indices for the Chemicals sector for five consecutive years, making it the first organization globally in this category. Morgan Stanley Capital International (MSCI): Received an MSCI ESG Rating of A in the Chemicals industry group. EcoVadis: Awarded the highest Platinum rating by EcoVadis, placing the company in the top 1% of the basic chemicals manufacturing industry. Stock Exchange of Thailand (SET): Evaluated with a sustainable rating of AAA in the SET ESG Ratings. Listed as a sustainable stock for the 9th consecutive year and received the SET Awards 2023 in the Sustainability Excellence category, specifically the Sustainabi l ity Awards of Honor, for the 6th consecutive year. These examples of success in sustainability leadership undoubtedly reflect GC’s commitment to grow with ESG as our foundation. 127 PTT GLOBAL CHEMICAL PUBLIC COMPANY LIMITED Form 56-1 One Report 2023
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