Sustainability at Banpu
Sustainability Story
Our sustainability journey began with a simple yet deep commitment: To create a positive impact and better living for all. We pledged to integrate sustainable practices into every aspect of our operations, products, and services, through viable strategy, innovation and partnerships.
Sustainability Timeline
Since 1983, we have been dedicating to uphold sustainability by creating a responsible and sustainable balance between the environment, social and governance.
Sustainability Governance
Board Governance
Recognizing the importance of Environmental, Social, and Governance (ESG) factors on both operational legitimacy and long-term value creation, appointed by the Board of Directors, the Company has established an ESG Committee dedicated to overseeing and managing ESG-related issues, aligning the operations with both the Company’s values and the long-term interests of stakeholders.
Sustainability Management
Sustainability Assurance
Sustainability assurance is a crucial process that enhances the credibility and reliability of company sustainability practices. It involves on the evaluation of Company sustainability process, data and disclosures to ensuring that the information presented is accurate, comprehensive, and aligned with recognized standards and frameworks. This process not only builds trust with stakeholders, but also supports the organization’s efforts in achieving long-term sustainability goals.
Materiality Assessment
The material topics are assessed and prioritized through the corporate management standard, which was developed based on the internationally recognized GRI Standards and AA1000 AccountAbility Principles Standard (AA1000APS). This approach covers evaluating governance, environmental and social aspects for their impacts not only on the Company but also on the broader spectrums of natural, social and human capitals. The relevance and accuracy of these material topics are ensured through an annual review and approval process undertaken by the Sustainability Committee and the ESG Committee.
Stakeholder engagement
The Company deeply values the perspectives of all stakeholders, recognizing that their insights are crucial for enhancing the Company’s management practices and operational efficiency. To ensure responsiveness to all stakeholders’ interests, the Company applies the stakeholder analysis standard developed based on the international AA1000 Stakeholder Engagement Standard (AA1000SES). Three principles – inclusivity, materiality, and responsiveness – underpin the stakeholder engagement framework. Results from each business unit are meticulously analyzed at a corporate level, with the diligent oversight of the Sustainability Committee and the ESG Committee.
Materiality Matrix
High
Impact on Natural, Social,
and Human Capitals
Low
Impact on the Company
High
Re-validation of Material Topics
In 2022, the Company conducted a comprehensive materiality assessment, blending insights from global trends, industry peers, and the valuable perspectives of senior executives across the business units. Material topics derived from the assessment have been used for the 2022-2023 period. In 2023, the internal panel discussion was performed to refine the focus areas, notably combining “Community Development” with “Community Engagement” to streamline our approach. The outcome of this thorough process encapsulates 24 significant topics, with 13 identified as material to our operations and stakeholders.
Partnership
Partnership School
The Company has actively partnered with the Ministry of Education and various private sector entities, dedicating efforts to bolster educational infrastructure across schools. This collaboration focuses on enhancing school administration, boosting academic performance, and equipping students with essential future-ready skills. The Company has extended support to 3 schools in Khon Kaen, Maha Sarakham, and Roi Et provinces.
In 2023, to ensure these improvements are sustainable, the Company has concentrated on several key activities over the year. These include elevating academic and innovation standards, advancing technology and IT infrastructure, improving English language proficiency, developing vocational and life skills, fostering a learning community, and laying down strategies for the continuity of learning skills.
Banpu Table Tennis Club
Banpu Table Tennis Club (BTTC) was founded in early 2008, marking the commitment to nurturing Thai table tennis talent. The support encompasses daily training, sponsorship for national and international competitions, and organizing various activities to cultivate score values such as morality, ethics, discipline, harmony, and the volunteer spirit of the club members.
Achievements since its establishment
3 National athletes competing in the SEA Games
9 National junior athletes
17 National junior youth athletes
2 Professional athletes in the Republic of Poland
92 Members
68 Athletes
11 Coaches
13 General members
9 Training centers
In 2023, a standout event was “Youth Camp for Dreaming of Uttaradit’s Table Tennis, Away from Drugs” held in Uttaradit Province. This inspirational camp attracted 65 youths who were coached by 30 experienced trainers. This initiative proved to be engaging and received favorable feedback from the local community.
Empowerment of People with Disabilities
The Company acknowledges the significance of inclusivity and empowerment for people with disabilities by employing visually impaired masseurs and facilitating direct donations to the fund to empower persons with disabilities. Additionally, the Company collaborates with government agencies to create employment opportunities for persons with disabilities to work in communities.
B. Hack 2023 and B.Connxt
B.Hack 2023 and B.Connxt are business case competitions organized by fourth-year students from Chulalongkorn School of Integrated Innovation (ScII), under the supervision of the Company. The events aim to inspire young entrepreneurs from various universities to tackle global challenges through innovation.
B.Hack 2023: Decoding Sustainability
In early 2023, B.Hack engaged 150 students across 38 teams in the “Decoding Sustainability” theme. After an intensive selection and coaching process, 20 finalist teams were chosen, culminating in a pitch presentation on April 1, 2023.
B.Connxt: Decentralization
Later in the year, B.Connxt adopted the theme of “Decentralization” which took place in November 2023. Initially attracting 59 ideas from 180 participants, the event was narrowed down to 11 finalists after rigorous grooming. Winners were awarded 50,000 THB, with second and third places receiving 30,000 THB and 20,000 THB, respectively.
Cold Relief Efforts in Northern Thailand
In January 2023, the northern region experienced harsh winter conditions, deeply affecting the local residents. The Company collaborated with local government authorities and the “Help Keeper, Volunteer People” group in donating 2,000 sweaters, with a total value of 500,000 THB, to communities across Tha Song Yang District in Tak Province, as well as Fang and Mae Chaem Districts in Chiang Mai Province.
Power Green Camp
In partnership with the Faculty of Environment and Resources Studies at Mahidol University, the Company hosted the “18th Power Green Camp” under the “Environmental Science – Learn to Practice” theme. In October 2023, the camp embraced the theme “Waste Warriors, Mission to Save the World: Green Cloud – Green Tech – Green Influencer”, focusing on innovative approaches to waste management.
The camp brought together 50 high school and vocational college students selected from 48 schools across 30 provinces. Participants embarked on a learning journey about waste management from inception to disposal. The camp concluded with the environmental science group project competition, allowing students to showcase their innovative solutions to the camp committee and the public. This camp empowered young individuals to tackle real-world waste issues collaboratively with local communities.
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