Global Reporting Initiative (GRI) is the organization that initiates the international report which is used as a prototype of preparing a report of sustainable development.
Dow Jones Sustainability Indices (DJSI) is a family of capital indices that assesses the effectiveness of business operations according to the guideline of sustainable development of the world’s leading companies which the worldwide funds use it as the investment criteria.
Sustainable Development Goals (SDGs) is a set of sustainable development goals under the United Nations (UN), comprising 17 main objectives to be achieved and implemented by 2030
World Business Council for Sustainable Development (WBCSD) is the committee of business persons operating business for the world’s environment. This committee comprises business persons from the groups of more than 120 international leading companies that are officially accredited in the “Earth Summit” in 1992.
Carbon Disclosure Project (CDP) is the global institution highly recognized by its environmental management.
ISO 26000 is an international standard for social responsibility.
UN Global Compact (UNGC) is a United Nations initiative that incorporates into business policies and strategies so companies can uphold to the accepted international standards in the area of human rights, labor, environment and anti-corruption.
Integrated Reporting (IIRC) is integrated report is a concise communication about how an organization’s strategy, governance, performance and prospects, in the context of its external environment, lead to the creation of value over the short, medium and long term.
Task Force on Climate-related Financial Disclosures (TCFD) is a disclosure of a climate risk, strategies as well as operational goal in order to the company can deal with climate change that might affects the financial performance.
The PTT Group Sustainability Management Framework consists of 10 Elements as follows:

Organizational Governance

Organizational governance is the system by which an organization makes and implements decisions in pursuit of its objectives. Organizational governance can comprise both formal governance mechanisms based on defined structures and processes and informal mechanisms that emerge in connection with the organization's culture and values, often influenced by the persons who are leading the organization. Organizational governance is a core function of every kind of organization as it is the framework for all decision making within the organization.

Human Rights

Human rights are defined as the basic rights and freedoms to which all humans are entitled. While the labor rights focus on the rights of the working population, human rights extend to local communities and the supply chain and include rights to natural resources such as water, land, forests and forest products, fisheries, clean air, etc. PTT Group respects the human rights of all our stakeholders by adhering to international human rights principles including the United Nations Global Compact (UNGC), the UN Universal Declaration of Human Rights (UNUDHR) and the UN Framework and Guiding Principles on Business and Human Rights (the Ruggie Framework) on the inherent dignity and the equal and inalienable rights of all individuals.

People

The effective management of people necessitates addressing a range of different but complementary issues which are critical for the success of the organization into the future. These issues cover the recruitment, capital development, employee retention, and creation of employee attraction in order to build the capacity of all employees to maximize their contribution towards meeting the common goals presented by the PTT Group Vision and Corporate Strategic Objectives. Central to managing people issues is an understanding of and respect for labor rights. Labor rights are a group of legal rights and claimed human rights having to do with labor relations between workers and their employers, usually obtained under labor and employment law. Labor rights relate to workers’ rights such as safe working conditions; the right to form a union/collective bargaining; and prevention of exploitative practices against workers including equal opportunities, working hours, minimum wages, protection from forced labor and unfair dismissal, and benefits.

Safety, Health and Environment

PTT Group is committed to protecting the safety and health of its people and the communities and environment in which the organization operates by taking a proactive approach in terms of mitigating impacts, by incorporating technology and best management practices to improve performance, and by keeping abreast of critical emerging issues.

Fair Operating Practice

Fair Operating Practices incorporate fairness and transparency into all aspects of the organization’s operations with the aim of supporting competitive but fair business practices, preventing a monopoly or any anti-competitiveness, preventing corruption within the organization, and preventing the distortion of competition to the disadvantage of other organizations and consumers.

Corporate Citizenship

Growing public awareness leads to higher expectations being placed on companies in their role as global corporate citizens and their ability to drive sustainable business practices forward.

Supply Chain Management

In an increasingly globalized world, outsourcing is used for production, services and business processes and this also brings additional corporate responsibilities and reputational risks. These risks and opportunities must be managed in different ways as they will differ from how they would be managed if the production or services were carried out by the company itself. PTT Group is committed to managing its supply chain in accordance with the UN Global Compact principles to do business with suppliers which can demonstrate their compliance with human rights and labor laws and standards as well as their adoption of environmentally sustainable practices.

Product Stewardship

PTT Group is committed to product responsibility standards that not only comply with legislation, but also respond to the social, economic and environmental expectations of local communities, customers, shareholders, regulators and the general public.

Reporting and Reputation

Sustainability Reporting is a practice of disclosing outcomes and results that occurred within the reporting period in the context of the organization’s commitments and management approach including organizational performance on economic, environmental, and social issues. Thus, the information reported must be accurate, relevant, and transparent as well as presenting a balanced account of PTT Group’s sustainability performance in accordance with stakeholder expectations. PTT Group is committed to reporting sustainability performance at the corporate level in general accordance with the Sustainable Reporting Guidelines of the Global Reporting Initiative (GRI).

Stakeholder Engagement

A stakeholder is any party who is impacted by or has an interest in or influence to the organization’s business operations. This includes, for example, employees, regulators, customers, shareholders, investors, suppliers, industry associations, non-governmental organizations (NGOs), opinion leaders, and communities. Thus, stakeholder engagement is placed at the center of sustainability management in every stage of the organization’s business operations, starting from design and construction to operations and decommissioning. Stakeholder engagement involves identifying and consulting stakeholders to build their understanding and trust; and improving design and management so that activities are integrated into the local social, economic and environmental context and accepted by the stakeholders. To ensure effective communication with stakeholders, it is essential to have strategic communication plans which include the degree and types of engagement will depend on the nature of the issues involved, the number of stakeholders, and the particular context.

PTT Group Sustainability Management Framework