Emerging Risk GC has analyzed emerging risks that could have significant impacts on business operations in the next three to five years and has established effective risk management measures to ensure responsiveness to emerging situations and enable GC to achieve its defined strategic goals and directions. Risk Factor Key Risk Management Measures Changing Consumer Trends due to Natural Resource Crisis and Regulations Envi ronmental awareness trends among consumers, accelerating energy transition, technological advances, and government policies and support for the development of low-carbon technology have transformed consumer behavior, lowered demand for GC’s petroleum and petrochemical products, and impacted GC’s profitabi l ity, whi le operat iona l costs may r i se due to investments to swi tch in new technologies and feedstocks in order to meet consumer needs. In addition, GC has to adjust its role and expand its responsibilities beyond production towards the disposal of petrochemical products as well as chemicals that may have environmental impacts. GC monitors and analyzes future product demand to inform its strategies and business plans and has discovered that the growth rate of its chemical products is still in line with the global megatrends, especially population growth and urbanization. GC has carried out various initiatives to seek new business opportunities and prepare for changes in consumer demand in the future, as detailed below: Implement strategies to expand its investment portfolio towards low-carbon businesses, establish clear action plans for the projects, and prescribe the regular monitoring and control of the operation of such projects. Promote innovation to create products that are safe for the environment and health and meet consumer needs. Explore the possibility of reducing the proportion of high carbon businesses by adjusting the business model and seeking partners whose interests are in line with GC’s objectives. Collaborate with global tech startups and venture capitals (VCs) to seek investment opportunities, with emphasis on new technologies that align with GC’s strategic direction, and create business opportunities with high growth rates in line with megatrends. Collaborate continuously with the government, private sector, and communities to drive a transition towards a low-carbon economy. 95 PTT GLOBAL CHEMICAL PUBLIC COMPANY LIMITED Form 56-1 One Report 2023
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