Thai Oil achieves SAM Gold Class in Oil & Gas Refining and Marketing for the 6th year, ranked by SAM Sustainability Award 2020
Positioned as the Gold Class for 6 years.Achieved SAM Industry Mover, the largest proportional improvement in its sustainability performance compared to the previous year.Gaining trust and confidence from Thaioil’s stakeholders in the areas of economic, social and environment.
SAM Corporate Sustainability Assessment (CSA), the corporate sustainability assessor for DJSI, has recently ranked Thai Oil Public Company Limited as SAM Sustainability Gold Class for the 6th year in Oil & Gas Refining and Marketing among many companies globally. This Gold Class is the highest distinction in SAM Sustainability Award 2020 and achieved SAM Industry Mover, the largest proportional improvement in its sustainability performance compared to the previous year.
Mr.Wirat Uanarumit, Chief Executive Officer and President, Thai Oil Public Company Limited, stated that “This times, over 4,710 of the world’s largest companies are invited to participate in the SAM Corporate Sustainability Assessment. The 61 industries have been evaluated, which Gold Class is the highest level in sustainability assessment. This is considered to be the company of its industry creating value for stakeholders over the long term as well as effective risk management while bringing business opportunities under the changes of global economic, environmental and social developments. Thaioil has focusing on all three dimensions: growth economy, creating value for society, and excellent environment management. This was done under corporate governance principles and aimed to satisfy all stakeholders fairly (ESG). Hence, Thaioil has been achieved SAM Gold Class for 6 years in Oil & Gas Refining and Marketing and achieved SAM Industry Mover, the largest proportional improvement in its sustainability performance compared to the previous year. Moreover, Thaioil ranked in a group of sustainable world leaders for 7 consecutive years in Oil & Gas Refining and Marketing.
“Thaioil has been recognized by SAM for the outstanding performance in terms of the economic dimension, for its proactive management towards the emerging risk as well as transparency in business operation; the environmental dimension, the environmental management through policies and operating guidelines covering all activities in the business value chain, starting from raw materials and contractors procurement, production and waste management, product delivery, and responsibility to stakeholders. For the social dimensions, besides a variety of activities and project under the social and community responsibility, Thaioil is also recognized for its excellence in human resource management which considered as the manufacturer for the company’s success. In addition, Thaioil has extended environmental, social and corporate governance (ESG) to subsidiaries and partners for long term growth” Mr. Wirat added.