Sustainability Overview

Message from the Managing Director

“Renewable Electricity towards a Low-carbon Society” is one of CKPower Group’s vision, aimed at combating climate change and is a crucial strategy in achieving our long-term goal of achieving net-zero greenhouse gas emissions by 2050. In 2022, as one of the largest producers of electricity from renewable energy with the lowest carbon footprint in the region, CKPower fulfilled its commitments in a tangible manner by initiating various GHG reduction projects and setting a target to increase renewable energy capacity from 89% to 95% by 2024.”

In addition, our company has started implementing a sustainable strategy framework, consisting of three main strategies: “C-K-P”, covering important issues in the dimensions of environmental (C – Clean Electricity), social (K – Kind Neighbor), and economic and governance (P – Partnership for Life), as well as established concrete five-year targets and action plans (2022-2026). It is CKPower’s conviction that its sustainable business strategies will help minimize negative impacts and amplify positive impacts on both the business and all stakeholders across the value chain.

For the past 11 years, the CK Power Group has been driving its organization to become one of the largest producers of renewable electricity in the region. In 2022, we were honored with the “SET Awards 2022” in the Sustainability Excellence category, Rising Star, as well as being selected for the ESG Emerging List and the Sustainability Disclosure Recognition award for outstanding sustainability disclosure by Thaipat Institute. Additionally, we have continuously received an “Excellent” rating in corporate governance assessment by the Thai Institute of Directors (IOD) for the past 5 consecutive years. The accolades reflect CKPower’s business direction and attest to its commitment to achieving a balance between business operations, environmental sustainability and social responsibility, and corporate governance. To amplify our positive impacts on an international scale, CKPower has also joined United Nations Global Compact since 2020 and continues to play a vital role in advocating its 10 principles on human rights, labor, environment, and anti-corruption efforts.

Furthermore, CKPower promotes a sense of consciousness in regard to natural resources and environmental conservation and encourage employees’ participation in this aspect throughout the organization. This includes opening opportunities for employees to contribute their knowledge and creativity in developing projects and innovations that focus on energy conservation and reducing greenhouse gas emissions. As a result of these efforts, the Company won the Asian Power Awards for the third consecutive year and was certified as a climate action leading organization in greenhouse gas management.

With regard to social and community care, CKPower has instilled a culture of giving back into the DNA of our staff, leveraging on our expertise in renewable energy, to enhance society that aligns with Sustainable Development Goals (SDGs). CKPower is aimed at creating sustainable value for society as well as bringing light along with a better quality of life to communities in both Thailand and the Lao PDR through the “Hinghoi” Project, which has been carried out for the seventh consecutive year under the strategy of “Competency – Co-Creation – Cooperation – Connection”. In 2022, the company was honored with the Asia Responsible Enterprise Awards for the exceptional social empowerment efforts, making CKPower an exemplary organization in promoting social sustainability. On behalf of the management team, I would like to express my heartfelt gratitude for the unwavering trust and support continuously given to CKPower, as well as the valuable contribution of our employees who are a key driving force for the company, especially during challenging times with economic volatility that has impacted the World. This is a true testament to the capability and resilience of CKPower, which has enabled CKPower to continue to grow and create value for all stakeholders throughout the value chain.

I am filled with a great sense of pride and gratitude that all personnel of CKPower have executed their works and duties with utmost care and to the best of their abilities with the shared goal of creating a better quality of life for the society and advancing the organization towards Net-Zero GHG emissions future. This is a goal that we share, and we are committed to achieving it. CKPower, Renewable Electricity for a Sustainable Future

Thanawat Trivisvavet