Highlight: Climate Action

1. Driving Business

Climate change remains a topic of interest across various sectors, from the national to the international level, due to its increasingly severe impacts. This is coupled with the intensification of measures being introduced, as well as the growing drive to foster collaboration in response to the global climate change goals.
OR, as a leading player in the oil and retail business, recognizes the undeniable significance of climate change to both the organization and stakeholders throughout the value chain. Therefore, the strategy through OR SDG (Small, Diversified, Green) – creating a sustainable future in OR’s style – have been established in order to effectively achieve the OR 2030 Goals. By creating opportunities for a clean society and promoting green businesses for a sustainable environmental future, OR is committed to supporting a sustainable low-carbon society and achieving net-zero emissions by 2050. OR aims to be part of the solution and reduce the impact of climate change through its business operations.

This is Our Giving Priority

Climate change is integrated as part of the Key Performance Indicators (KPIs) for the Chief Executive Officer and senior executives. It is also one of the organizational goals (OR 2030 Goals) within the “Healthy Environment” dimension. This includes the reduction of greenhouse gas emissions under Scope 1 and Scope 2. This approach underscores OR’s commitment to ensuring that climate-related issues are incorporated into management practices, with regular evaluation and monitoring.

Opportunities and Challenges

OR, as an oil and retail business and the flagship company of the PTT Group, is seeking new opportunities in business while inventing and developing the quality of products and services. Therefore, the Company shall adapt to keep pace with the transition to a low-carbon society, in line with Thai and international policies, to jointly reduce greenhouse gas emissions. This includes increasing the proportion of renewable energy use or exploring alternatives with lower greenhouse gas emission technologies, such as creating EV Station PluZ network, influencing consumer behavior to choose Low Carbon products and ervices, and preparing plans to address potential physical and transition risks in the future. All of these aspects pose both challenges and opportunities for OR to expand its business while enhancing the brand’s identity to attract environmentally-conscious investors who support sustainable businesses.

Operation strategy

OR is formulating a Climate Strategy based on 3Rs Climate Strategy (Reduce, Remove, and Reinforce) and establishing a clear framework for overseeing climate change, as well as the assessment of risks and opportunities related to climate change issues. This includes conducting a Climate Scenario Analysis based on the guidelines of the Task Force on Climate-related Financial Disclosure (TCFD). The aim is to understand both Physical Risks and Transition Risks in order to progress towards the Net Zero Emissions target, which involves referencing the principles outlined by the Science-Based Target (SBT).

2. Long-term Targets

3. Outstanding projects and performance

Reduce Own Greenhouse Gas Emissions

Advancing toward the OR Net Zero goal by reducing own greenhouse gas emissions.

Solar Panel

OR push the effort for an increasing in the proportion of renewable energy usage within business establishments, such as the installation of solar rooftops in areas for instance, PTT Stations, Lifestyle Business Centers (OASYS), Petroleum Terminals, Oil Depots, Lubricant Distribution Centers, Café Amazon, LPG Cylinder Refurbishing Plant, and office buildings, etc. In 2025, the cumulative number of installations is 438 locations, with plans to expand to other branches continuously.
In addition to installing solar rooftops at OR’s establishments to increase the share of renewable energy, OR also supports and encourages its dealers at PTT Stations and customers in various industries to install solar rooftops. This initiative aims to reduce reliance on electricity generated from conventional fuels and transition to renewable energy, thereby contributing to the reduction of indirect greenhouse gas emissions across the value chain (Scope 3 GHG Emissions). Currently, the performance is as follows:

Remove Residual Greenhouse Gas Emissions

Remove greenhouse gases by supporting carbon capture activities.

10,000 rai OR’s reforestation project
OR’s 10,000-Rai Reforestation Project OR is committed to achieving Net Zero Emissions by 2050 while conserving nature and protecting the environment. OR has set a target to reforest 10,000 rai under Thailand’s voluntary greenhouse gas reduction program (T-VER) by 2030 in collaboration with the Royal Forest Department in Chiang Rai and Phayao provinces. As of 2025, OR has successfully reforested and maintained 1,500 rai, with 280 rai officially registered under the T-VER program. These reforested areas contribute to offsetting the organization’s greenhouse gas emissions, supporting the achievement of its Net Zero Emissions.
In addition, OR is implementing a community forest maintenance project in collaboration with the Mae Fah Luang Foundation. This initiative provides funding to local communities for the care and preservation of community forests, covering a total area of 8,100 rai across four provinces: Chiang Mai, Chiang Rai, Amnat Charoen, and Yasothon. The carbon credits generated from this project will be used to offset OR’s greenhouse gas emissions.

Reinforce – GREEN Portfolio of business and Investment: Expanding the portion of green portfolio and green investment

One important highlight of G-GREEN is that it serves as a pilot area using 100% renewable energy, which includes the installation of a solar rooftop with a generation capacity of 584 kWp, along with a battery energy storage system (BESS) with a capacity of 160 kWh to increase proportion of renewable energy. This is a joint development between OR and Nuovo Plus. Furthermore, by purchasing renewable energy in the form of Renewable Energy Certificates (REC) to confirm the use of renewable energy, OR ensures that the energy used at its service stations is 100% renewable.
Additionally, Café Amazon within PTT Station has implemented store designs that enhance energy efficiency and environmental friendliness across multiple dimensions. As a result, Café Amazon has received the Leadership in Energy and Environmental Design (LEED) Gold certification.
In addition, there are other important operations involved to help support and promote the reduction of indirect greenhouse gas emissions (Scope 3) within the PTT Station flagship Vibhavadi 62, including comprehensive waste management. Furthermore, investments have been made in the installation of an Ultra Filtration wastewater recycling system that operates without the use of chemicals. The recycled water meets US EPA standards and is suitable for purposes such as watering plants.
An overview of additional businesses at PTT Station flagship Vibhavadi 62 highlights efforts to support the energy transition. These include the installation of EV Station PluZ, serving as a model for future energy innovations that are environmentally friendly, driving Thailand toward a sustainable electric vehicle society.

Green EV Project
In 2025, OR implemented the Green EV Project, providing EV charging stations powered by 100% clean electricity. A pilot project was launched at PTT Station flagship Vibhavadi 62, participating in the Utility Green Tariff (UGT) program, which offers green electricity without source-specific attribution, in collaboration with the Electricity Generating Authority of Thailand.

Green Logistics Collaboration Project
OR has adjusted its coffee transportation process for Café Amazon by testing a long-haul transportation system using EV trucks, making it the first of its kind in Thailand. The EV truck will transport raw coffee beans from OR’s warehouse in Mae Wang District, Chiang Mai Province, to the warehouse at the Lifestyle Business Centers (OASYS) in Wang Noi District, Ayutthaya Province. This trial aims to test the technological feasibility and business viability by utilizing the EV Station PluZ network along the ‘Green Coffee Bean Route’ as charging points for the transportation trucks. A collaboration agreement has been signed with WICE to lead the use of electric vehicles in goods transportation activities, thereby contributing to a efficient reduction in Carbon Dioxide emissions. This initiative is part of creating a model for transforming the entire business value chain into a green ecosystem, encompassing OR’s operations and the development of the coffee ecosystem from upstream to downstream.
Additionally, OR has also adjusted the transportation process for bakery products from the Bakery Factory to Café Amazon stores in the central and other regions nationwide to be eco-friendly through a Green Logistics Solution. This involves using an innovative cold-chain transportation that helps reduce energy consumption, in collaboration with SCG JWD Logistics Public Company Limited (SCGJWD), to meet the needs of temperature-controlled goods transportation across the country.

A collaborative project for the development and investment in the production of Sustainable Aviation Fuel (SAF).
The aviation industry is a major contributor to greenhouse gas emissions and faces challenges in reducing carbon emissions from its operations. In response to the need to decrease greenhouse gas emissions in the aviation sector, as referenced by the International Civil Aviation Organization (ICAO). Therefore, the transition to sustainable aviation fuel (SAF) has become a key global focus.
Sustainable Aviation Fuel (SAF) is a type of fuel with chemical properties similarly to conventional aviation fuel or jet fuel. SAF can be blended with jet fuel for use in aircraft without the need for engine modifications or adjustments. This helps reduce greenhouse gas emissions, marking a significant step toward the adoption of clean energy in the aviation industry.
OR as a market leader in Thailand’s aviation industry and an energy solution provider, has adapted and is advancing toward becoming the national leader in Sustainable Aviation Fuel (SAF). The company is also developing a strong infrastructure, which includes seven aviation depots and over 12 aviation fueling stations across the country. All operations adhere to the internationally recognized Joint Inspection Group Standard (JIG Standard). In 2024, OR applied for the International Sustainability & Carbon Certification (ISCC), specifically the ISCC EU standard, to ensure the sale of SAF in compliance with relevant regulations. Additionally, from 2023 to 2024, SAF was tested on pilot flights covering major airports, tourist cities, and international routes, including Thai Airways on the Phuket–Bangkok route, Bangkok Airways on the Samui–Bangkok route, and Thai VietJet Air on the Bangkok–Da Nang route.
Moreover, from 2024 to date, OR partnered with GC to explore market opportunities and sales strategies for SAF, as well as to jointly develop sustainable product innovations and technologies for SAF blending. This collaboration marks the first use of the Co-Processing process in the aviation industry. The initiative aims to strengthen the petrochemical and oil businesses, align with the mandatory SAF policy, and support Thailand’s sustainable aviation industry. OR has currently obtained ISCC CORSIA certification (Trader with Storage).
In 2025, OR, together with Bangkok Airways Public Company Limited, signed a Letter of Intent (LOI) to collaborate on the use of Sustainable Aviation Fuel (SAF). This initiative represents the first use of SAF produced by a refinery-based manufacturer in Thailand.

Carbon Footprint of Products (CFP) label and Carbon Footprint Reduction (CFR) label
In 2024, OR received certification for the Carbon Footprint of Products (CFP) label for 12 items and the Carbon Footprint Reduction label (CFR), or the ’Reduced Global Warming Label,’ for 3 items from the Thailand Greenhouse Gas Management Organization (TGO). This certification reflects OR’s commitment to operating under the OR SDG framework, particularly the G – GREEN dimension, which focuses on creating clean societal opportunities by driving all of OR’s businesses to be green. The Café Amazon products certified with the CFP label include Iced Black Coffee, Roasted Whole Bean Coffee, Drip Coffee, Flavored Drip Coffee, Coffee Capsules, and Flavored Coffee Capsules, totaling 12 items. In addition, 3 products were recognized for significantly reducing greenhouse gas emissions by more than 2% from the baseline year, meeting the CFR criteria. These products include Café Amazon Drip Coffee Signature, Café Amazon Coffee Capsule Amazon Signature, and Café Amazon Coffee Capsule Amazon Selected, with these three products reducing greenhouse gas emissions by over 13% for drip coffee and more than 30% for coffee capsules, respectively.

In 2025, OR continued committed to and focused on advancing green business operations and therefore expanded the preparation of Carbon Footprint of Products (CFP) data for products in the diesel, gasoline, aviation fuel, and fuel oil categories, covering a total of 20 products. The product carbon footprint assessments were conducted across the entire value chain, with the assessment boundary ranging from raw material acquisition through delivery to industrial customers (B2B) and retail customers (B2C), in accordance with the relevant Product Category Rules (PCR) for each product group. All products have been certified with the Carbon Footprint of Products (CFP) label by the Thailand Greenhouse Gas Management Organization (TGO). The outcomes of these assessments enable OR to further improve and develop its products to be more environmentally friendly.

Thailand Voluntary Emission Reduction Program (T-VER) in collaboration with the Thailand Greenhouse Gas Management Organization
In addition, OR has developed various projects to reduce greenhouse gas emissions under the Thailand Voluntary Emission Reduction Program (T-VER) in collaboration with the Thailand Greenhouse Gas Management Organization. In 2025, a total of 4 projects were cumulatively registered. Further details are available under Climate Action

Award and Recognitions

1. OR Receives the “Carbon Credit Certification Project Award 2025” in the Renewable Energy Category from the Thailand Greenhouse Gas Management Organization
In 2025, OR received awards for two projects under the Carbon Credit Certification Project:

- T-VER Solar (Phase I): Installation of solar rooftops across multiple OR sites to reduce electricity consumption from fossil fuels. The project was certified for 3,518 tons of carbon dioxide equivalent (tCO₂e) (first issuance);
- T-VER Biofuel: Promotion of biofuel usage (B10, B20, E20, and E85) to replace conventional fuels at PTT Station locations. The project was certified for 1,045 tons of carbon dioxide equivalent (tCO₂e) (first issuance).

Both projects represent significant milestones demonstrating OR’s strong commitment to reducing greenhouse gas emissions across both production activities and consumer energy use. These initiatives align with OR’s balanced business development goals encompassing economic, social, and environmental dimensions, and support Thailand’s national commitment toward achieving Net Zero Emissions.

2. OR Receives the “Climate Action Awards” from the Federation of Thai Industries

OR received the Climate Action Award at the Climate Action Excellence level from the Climate Change Institute (CCI) under the Federation of Thai Industries (FTI), which represents the highest level of recognition. The award reinforces OR’s leadership in driving Thailand’s industrial sector toward a sustainable future, highlights excellence in climate action implementation, and reflects the collective commitment of Thailand’s industrial sector to advancing toward net zero emissions.
This award is a source of pride and underscores OR’s strong commitment to conducting business sustainably, contributing to the advancement of the country toward environmentally friendly economic and social development, reducing greenhouse gas emissions, and achieving Net Zero Emissions by 2050, in alignment with Thailand’s national sustainability policy.

3. OR Receives the Royal Forest Department Support Award in Forest Restoration and Development

OR received the Royal Forest Department Support Award in the Forest Restoration and Development category, reflecting OR’s strong commitment to the conservation, restoration, and sustainable management of the nation’s forest resources. The award also recognizes OR’s support and contributions to various public forestry initiatives, delivering benefits to society at large and helping preserve forest integrity in a sustainable manner, while contributing to enhanced biodiversity.
In this regard OR has established a reforestation plan in collaboration with the Royal Forest Department, covering a total area of 1,900 rai. To date OR has completed planting and maintenance activities across 1,500 rai in Chiang Rai and Phayao provinces. These efforts are estimated to reduce greenhouse gas emissions by approximately 800 tons of carbon dioxide equivalent per year. Such achievements and commitments align with OR’s 2030 Goals under Healthy Environment and its ambition to achieve Net Zero Emissions.