May 10, 2023 June 23, 2023 June 1, 2023 GC becomes a pioneer in Thailand’s petrochemical industry by signing a sustainability-linked swap deal with SCB to advance its Net Zero initiative GC became Thailand’s first petrochemical industry to sign a sustainability linked swap agreement, reinforcing its commitment to sustainable practices. This agreement represents an expansion of the comprehensive range of sustainable financial services following the success of the sustainability-linked loan (SLL) agreement in December 2022. There are also plans to introduce sustainable funding to support sustainability goals. This agreement will enable GC to reduce financial costs and manage resources efficiently. GC partners with PFG to jointly develop sustainable products and promote sustainable business operations GC signed a Memorandum of Understanding (MOU) with Pattaya Food Industries Co., Ltd. (PFG) to jointly develop products and foster business sustainability. The objective of the MOU was to share information and business know-how and to collaboratively develop sustainable materials and packaging. Driven by a commitment to sustainable business practices, this collaboration sought to achieve a balance among the environment, society, and governance (ESG) to improve the quality of life for all and to utilize cutting-edge green innovations in product development in order to pass on a better world for all. The scope of this collaboration also includes the utilization of plastics, alternative materials, and substitute materials from GC Group, such as polyethylene (PE), polypropylene (PP), polystyrene (PS), as well as bioplastics and post-consumer recycled (PCR) resin in prototyping, with plans to scale up the initiative across the value chain. As a success from the first phase of the collaboration, PFG utilized GC’s plastic resins to produce recycled plastic packaging for household products for domestic distribution, such as shrink films, stretch films, packaging tubes, and plastic boxes. GC strengthens its position as a sustainable organization with ESG-linked financial management in partnership with KTB, reinforcing its commitment to ‘Together to Net Zero’ GC and Krungthai Bank Public Company Limited joined forces to use financial instruments to support GC’s sustainable investment. More specifically, GC opted for ESG investing for liquidity management purposes and chose to manage its financial risks through ESG-l inked der ivat ives, which are considered ESG for ESG solutions, where ESG performance is a criterion of transaction cost reduction and the benefits are passed on to ESG investing. This was the first time that the ESG agenda was integrated into liquidity and risk management, marking a crucial step that would support and enable both organizations to achieve their sustainability goals and Net Zero goals together. 27 PTT GLOBAL CHEMICAL PUBLIC COMPANY LIMITED Form 56-1 One Report 2023
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