On 12 February 2025, Mr. Chaiwat Kovavisarach, Group Chief Executive Officer and President of Bangchak Corporation Public Company Limited, was awarded an Honorary Doctorate in Business Administration for the 2022-2023 academic year from Ramkhamhaeng University. The degree was conferred by Mr. Palakorn Suwannarat, Privy Councillor, as the royal representative of His Majesty the King, during the university's commencement ceremony at the King Ramkhamhaeng the Great Auditorium, Ramkhamhaeng University, Hua Mak Campus, Bang Kapi, Bangkok. This prestigious recognition honors Mr. Chaiwat's extensive expertise across multiple disciplines and his exceptional leadership in successfully steering a major corporation. His contributions extend beyond the business sector, as he has consistently demonstrated a strong commitment to social and national development, earning widespread recognition for his dedication to sustainability and the public good.