Bangchak Corporation Public Company Limited received the highest sustainability assessment in the Oil & Gas Refinery and Marketing industry from the S&P Global Corporate Sustainability Assessment (CSA) 2024, reflecting its commitment in sustainable operations and continuous promotion of social and environmental responsibility and reaffirming Bangchak's status as a globally recognized sustainable organization.
As of 13 November 2024, Bangchak achieved the highest CSA score out of over 70 companies in the Oil & Gas Refinery and Marketing industry in the Global Corporate Sustainability Assessment. The company earned a total score of 85 out of 100, attaining the highest (Best Score) in two dimensions: Governance and Environment. This accomplishment reflects Bangchak's commitment to sustainable business innovation that harmonizes with environmental and social responsibility, supported by strong corporate governance.
Mr. Chaiwat Kovavisarach, Group Chief Executive Officer and President, Bangchak Corporation Public Company Limited, stated, "Bangchak received the highest-level assessment from S&P Global CSA, an expert organization in sustainable investment responsible for evaluating companies for the Dow Jones Sustainability Indices (DJSI). This accomplishment reaffirms our commitment to conducting sustainable business, which aims not only to generate business profits but also to promote value for society and the environment."
Bangchak has consistently participated in S&P Global's assessment, which evaluates sustainable business operation and organizational development, for ten years. In 2024, it received the highest assessment, further reaffirming its commitment to a sustainable business approach that prioritizes a balance between environmental, social, and corporate governance dimensions - a principle that Bangchak has adhered throughout its 40 years of operation as it now enters its fifth decade in 2024.
"Operating the business in accordance with ESG (Environment, Social, and Governance) principles is more than just a guideline for the company's sustainability; it is a way to create value for all stakeholders. Bangchak's ability to operate effectively while adhering to ESG principles and receiving recognition with a top global assessment like this reaffirms our commitment to contribute to fostering a good and sustainable society with responsibility towards all stakeholders," Mr. Chaiwat concluded.