GPSC's Support to Business Associations and Organizations

GPSC recognizes the importance of corporate social initiatives in accordance with the sustainable development guidelines. This acknowledgement is put into action by connecting with network partners and members in relevant organizations or organizations established for various economic and social benefits in order to contribute to their sustainable development. Accordingly, GPSC has driven policy implementation and knowledge sharing regarding the industry and sustainable growth of the country from various work departments among those organizations and partners.

In spite of the mentioned activities, GPSC has not made contribution in Lobbying, interest representation or similar and other categories (such e.g. spending related to ballot measures or referendums).

GPSC's Business Association and Organization Support are as follows:

List of Organizations Type of Organizations Total spend (Baht)
FY 2019 FY 2020 FY 2021 FY 2022
United Nation Global Compact (UNGC) Other - - - 288,750
The Association of Private Power Producers (APPP) Trade association 42,800 370,870 202,800 200,000
Petroleum Institute of Thailand (PTIT) Other 315,650 274,000 110,000 110,000
The Federation of Thai Industries (F.T.I.)
  • Power Producer Industry Club
  • Renewable Energy Industry Club
Other 250,000 250,000 250,000 250,000
Thailand Business Council for Sustainable Development (TBCSD) Trade association 48,150 153,110 115,990 110,000
The Institute of Industrial Energy Trade association 0 55,000 0 0
Thai Wind Energy Association Trade association 25,000
The Thai Chamber of Commerce Trade association 23,000 23,000 23,000 23,000
Thailand National Committee of CIGRE Trade association 20,388 42,266 42,612 37,231
Thai Industrial Estate and Strategic Partner Association Trade association 15,000 60,000 60,000 60,000
Thai Photovaltaic Industries Association Trade association 6,223 0 5,000 5,000
The Federation of Thai Industries Rayong Chapter Trade association 4,000 4,000 4,000 4,000
The Federation of Thai Industries Chonburi Chapter Trade association 2,140 4,280 2,140 12,000
Electric Vehicle Association of Thailand Trade association - - - 10,000
Thailand Management Association (TMA) Trade association 5,000 5,000 5,000 5,000
Thailand Energy Storage Technology Association (TESTA) Trade association - - - 5,000
RE100 Other - - - 5,000
Total spend (THB) 732,351 1,241,526 820,542 1,149,981

GPSC delegates its experts to join the board or the committee of the business associations and organizations so as to share useful information, knowledge and opinions on various issues. Below are the top three ranked organizations with highest support from GPSC.

Organizations Total spend in FY 2022 (Baht)

United Nations Global Compact (UNGC)

UNGC is an organization that encourage the private sector to conduct business activities that are in line with the 10 international principles of UN Global Compact in human rights, labor, environment and anti-corruption to support United Nations Sustainable Development Goals (SDGs).

288,750

Thailand Business Council for Sustainable Development (TBCSD)

TBCSD is an association focusing on driving sustainable development with business solution from the business sectors. It provides platform for companies to share knowledge, advocate business position while working with governments and other parties.

250,000

The Association of Private Power Producers (APPP)

The Association of Private Power Producers (APPP) is a organization in the power industry that represent a group of good governance private power producers who have expertise and knowledge in power and energy business and share the same vision of driving for adequacy of energy supply, efficient use of energy and sustainable economy and social development as well as being the representative of private power producer to give the knowledge, experiences, sharing the view, express the idea and give suggestion on energy

200,000

In the year 2022, GPSC supported various relevant organizations on these key topics;

GPSC pays serious attention to sustainable development and thus, has integrated the knowledge that leads to its application into the business operation. GPSC supports and advocates for sustainable development policies through the membership of United Nations Global Compact and the Thailand Business Council for Sustainable Development: TBCSD, a network of the World Business Council for Sustainable Development: WBCSD. This allows TBCSD to gain comprehensive information and direction of global sustainable development and has knowledge and practices that can support Thailand businesses toward sustainability. GPSC shares ideas and information on its business operations to promote the social and environmental responsibility projects that members acted on and be role models for sustainability capable of keeping up the world trends which also meets the UN's Sustainable Development Goals (SDGs). These practices also lead to favorable changes in regulations at the industrial and national levels, such as discussing measures to efficiently use resources for development and reduce environmental pollution and greenhouse gas emissions leading to sustainability in the future to operate according to the framework of the group's activities plan.

In 2022, representatives from GPSC, on behalf of the group, periodically met with the government agencies in charge of environmental protection to present and exchange helpful information, particularly regarding the law and operations of the company. In addition, the representatives also kept up-to-date with new legislation to be imposed by the government. To illustrate, the representatives followed up on the draft of the Climate Change Act aimed to enforce Carbon Tax and Emissions Trading Scheme (ETS). The company also joined the Thai Renewable Energy (RE100) Association established by Renewable Energy Industry, Federation of Thai Industries to drive the supply and demand of renewable energy and carbon credit, additionally to encourage renewable energy and energy efficiency agenda to be primary tools to Decarbonization through Deregulation, Decentralization, and Digitalization operations by the government. These agendas aim to resolve the climate issue and maintain Thailand's competitiveness. The company jointly proposes and drives Thailand's industries to 100% renewable energy implementation policy to government, pushing Green Energy and Green Carbon policies, encouraging the carbon credit and energy trading, Building demand and supply for carbon credit and energy market, include providing challenges, obstacles, and suggestion regarding carbon credit and energy trading.

GPSC’s Positioning on Trade Associations - Climate Alignment

Statement of Position

The company support climate actions under Paris Agreement goal that aims limit global warming to well below 2 degrees Celsius. Our target is set in by considering the Paris Agreement to accomplish Carbon Neutrality within 2050 and Net Zero Emissions in 2060 that is in line with Thailand’s Nationally Determined Contributions (NDCs). GPSC is delighted to support external partners including trade associations where they have the same direction. The commitment, relative plans and programs associated covers all jurisdictions across GPSC group.

Governance framework for Public Policy Engagement

In order to engage with the external network to advocate climate change action, GPSC has recognized trade association members and contributions as a plus capability parallel with our internal management and strategy to drive global climate actions towards net-zero. GPSC set up the dedicated governance structure of climate change and management system in place as follows:

Level GPSC Representatives Accountability and Responsibility
Executives President and Chief Executive Officer (CEO)
  • Being representative of GPSC to engage and support the direction of trade associations.
  • Being an external membership to engage with the trade association and other organizations for advocating the effective driver to tackle the climate change.
  • Raise the relative agenda to the trade associations in contributing the approaches that create the benefit to both internal and external of GPSC, especially climate change topic.
EVP – Corporate Strategy and Subsidiary Management
  • External sharing on climate-related progress and practice.
  • Provide feedback to external parties during decision making process.
  • Participate the meeting in contributed trade associations as a membership e.g. council member, associate member, and committee.
  • Sharing the significant issues with the external network to discuss for the effective approaches.
  • Provide support proactive activities related to the matter topic of climate change through the trade association.
Staff, Employee Members from Sustainability and Climate Change Policy division
  • Regularly engagement with external stakeholder and trade association
  • Acknowledge the direction and agreement from executive levels in conducting and leveraging the acquired information to an internal of GPSC.
  • Monitor and track progress and status of both internal & external climate-related programs
Our Management System and Process on trade association assessment

To transform GPSC’s portfolio into green with the responsibility to the sustainable business, GPSC contributes to various trade associations with anticipation to participate in promoting and accommodating the policies, laws and regulations, and procedures that involve the GPSC’s business accordingly. Altogether with the encouragement for climate action through other organizations, the contribution of trade associations can accelerate the sustainability movement toward the Paris Agreement target that covers all implementation across the country.

In this case, GPSC’s governance structure of climate change has acknowledged and conducted the review and assessment of trade association memberships to which GPSC should contribute regarding the commitments, interests, and policies of GPSC. Especially the trade association of which the GPSC’s position aligned within the climate change direction and Paris Agreement contexts. This can ensure that trade associations and GPSC’s commitment with respect to the internal climate change policy can be consistent from the outcome and implementation perspectives.

Ensuring that the trade association contribution and GPSC’s commitment has been resulted in the satisfied goal of the Paris Agreement and avoiding the inconsistent practice, GPSC establishes the reviewing, monitoring, and framework for addressing misalignments as part of the climate change management.

Reviewing

GPSC reviews the trade associations for their activities and commitments in line with the policies, interests, targets, positions, and implementation plans of GPSC. In essence, GPSC considers the best suit of trade associations for the contribution through the committee which is the executive level of GPSC. The decision in accordance with the participation in trade association has based on the alignment of GPSC’s position and trade association target as criteria.

Monitoring

The existed results and progress are reviewed to ensure an alignment from the contribution for those trade associations which GPSC already have supported. GPSC review the position of the interest trade associations upon contribution and support. GPSC monitors to ensure an alignment regarding the practice of trade association and their actual outcome whether the results are aligned the with the target. The results are reported to the GPSC’s governance structure on climate change group. The progress and status on trade association are monitored regularly at monthly basis.

Framework for Misalignment Position

Regarding the monitoring process for the progress and outcome of trade association, GPSC will be tracking the progress to check the status whether it is aligned with the GPSC position or not and be sharing with the internal to decide the contribution and support from GPSC.

For those trade associations which are not aligned with company direction, GPSC will be considering to decide whether GPSC have to distancing the company from the misalignment, engage to negotiate direction, or leave the trade association. These are the basis practice that will be conducted in case trade associations and GPSC are not aligned.

Climate policy positions and activities of trade associations

The relevant trade association members with the GPSC’s contribution are crucial for its GPSC business operation from various perspectives, including the strengthening and accomplishment of the highest benefit for all aspects of sustainability i.e. economic, environmental, and social. Being a member of the connected networking of the trade associations conveys an insight of business issues and approaches that come across to the best implementation.

In 2022, GPSC partnered with the trade association to encourage and support relevant policies, regulations, and practices for global agenda - climate change actions. In this regard, GPSC has joined the Thailand Carbon Neutral Network (TCNN), RE100, and Thailand Business Council for Sustainable Development (TBCSD) to tangibly drive the climate change issue. These are to leverage the advantages of being as trade association members in contributing the best practice and implementation process to deal with the climate change and emerging issues.

The introduction of relevant policies regarding the contributed trade association.
Trade Association Climate Policy Position GPSC Contribution Area of activity
  • Promoting the alleviation of climate change through the carbon market with the incentive market.
  • Strengthen co-benefit from sustainable development and greenhouse gas emission reduction program, particularly local and community level.
  • Sharing the inventive strategy between government agency and private sector to create the co-benefit through the effective measures.
  • Contribute the effective policy through trade associations which is the government agency e.g. TGO in enacting the policy.
GPSC constitutes a council board of TCNN in response to carbon neutrality which is the TCNN’s commitment to comply with the Paris Agreement toward Net Zero Emission.  
  • Carbon Market
  • Carbon Neutrality
  • Net-Zero GHG emissions
  • Knowledge and strategy sharing via the green meeting activity which could raise the awareness in the resource consumption and energy reductions.
  • Endorse a green building by carbon reduction certification for building to encourage the energy efficiency in the building toward greenhouse gas emission reduction and climate friendly.
  • Advocating the policy in structuring potential support mechanism for the policymaker
As a part of TBCSD’s members, GPSC can consistently drive and share practices on climate change actions.
  • Climate Action
  • Defining target, measures, and activity’s framework to drive Low Carbon and Sustainable Business.
  • Carbon Neutrality
  • Net-Zero GHG emissions
  • Policy Development in Thailand
  • Remove regulatory barriers and implement stable frameworks to facilitate the uptake of corporate renewable electricity sourcing.
  • Being membership to drive the market change with access to peer-learning, policy support, and local market insight.
  • Accelerate the transition in both global and Thailand toward renewable electricity by with the influential policies.
  • Reaching out to the government to encourage the policy enacting and measures related to the renewable energy with an intention to achieve Net Zero Carbon.
GPSC is a member of RE100 in advocating the policy engagement of renewable energy and enacting policy measures to establish a competitive market for the renewable energy business
  • Achieving zero carbon electricity grids by 2040
  • Policymaker Support