Sustainable Development

OR’s Purpose of Sustainability

OR has established OR New Strategic Framework, in which OR’s material issues are used as an input in the formulation. As it is OR’s intent and conviction that “everyone” is entitled to opportunities to grow towards success, towards a better quality of life, and alongside a healthy environment, OR is ready to create such opportunities for everyone and extend them to people we love in a sustainable manner both today and in the future.

Playing a vital role in promoting OR’s sustainable development, OR New Strategic Framework focuses on environmental, social, and economic growth responsibility in order to create value to all stakeholders in a balanced manner and operate in line with PTT Group sustainable management. OR has also set OR 2030 Goals, which cover activities in three dimensions, namely Performance, People, and Planet, as detailed below.

OR’s Sustainability Management Approach

Given the aforementioned purpose, OR operates in adherence to our Sustainable Management Policy, which has incorporated the sufficiency economy philosophy and the Sustainable Development Goals (SDGs) to ensure suitability for the organization. The policy serves as guidelines for business operations and helps to reduce environmental, social, and governance and economic (ESG) risks across all business processes related to OR and its affiliates. The policy also specifies material issues, namely compliance with laws, regulations, and international practices; the preservation of environmental, social, and economic balance with consideration to all stakeholders; the reduction of impact from activities across the value chain; the utilization of the organization’s strengths; the application of technologies for innovation development and business growth alongside communities and society; and continuous environmental conservation efforts.

OR 2030 Goals correspond with nine of the United Nations’ SDGs, which can be divided into five key goals for OR, namely No.8: Decent Work and Economic Growth, No.7: Affordable and Clean Energy, No.12: Responsible Consumption and Production, No.11: Sustainable Cities and Communities, and No.10: Reduced Inequalities; and four goals relevant to OR’s business operations, namely No.13: Climate Action, No.4: Quality Education, No.3: Good Health and well-being, and No.2: Zero Hunger.