Message From The CEO

            Over the past decade, our world has undergone rapid and complex changes, including economic fluctuations affecting people’s livelihoods, digital transformations reshaping business models to enhance agility and responsiveness to consumers, and an energy sector facing risks from shortages and price volatility. Additionally, the climate crisis remains a significant global concern. As a key pillar of the economy and society, the energy sector plays a crucial role in addressing these challenges. Driving towards achieving Net Zero Emissions presents both obstacles and opportunities in developing renewable energy technologies and environmentally friendly solutions. Sustainable businesses must balance not only investment returns but also contribute to social and environmental stewardship to build a sustainable future for the next generation.

            OR’s sustainable business operations reflect its vision: Empowering All toward Inclusive Growth: OR Fulfilling Opportunities for Growth Together. OR drives towards the Sustainable Development Goals (SDGs) through real practices, or ‘SDG in Action’, under the ESG framework. This is achieved by implementing the OR SDG strategy, which includes Small (S): Opportunities for Communities – Conducting business while enhancing the quality of life for communities, Diversified (D): More Partners, Products, and Services – Leveraging OR’s platform to create diverse and comprehensive business opportunities, and Green (G): Low-Carbon Business Areas – Promoting all OR businesses to transition into green businesses that support a sustainable, low-carbon society. The sustainable business goal is achieved through three key dimensions: 1) Healthy Environment – conducting business with environmental awareness, ensuring the efficient and effective use of resources, 2) Living Community – recognizing the importance of all stakeholders by fostering opportunities, promoting equality, and improving the quality of life for society and communities, and 3) Economic Prosperity – conducting commercial business while supporting business growth and career development, ensuring stability for stakeholders, and creating a sustainable future to achieve the OR 2030 Goals.

            Driven by its commitment to “Empowering All toward Inclusive Growth: OR Fulfilling Opportunities for Growth Together,” along with comprehensive, transparent, and accountable governance and risk management, OR continues to pursue its sustainability strategy in 2024 to achieve its goals in each dimension. In line with sustainability material issues, OR has participated in sustainability assessments at both national and international levels. Notably, OR was selected by S&P Global as a member of the Dow Jones Sustainability Indices (DJSI) in the Emerging Market Index, achieving the highest global score in the retailing industry. Additionally, OR received the Highly Commended Sustainability Award at the SET Awards 2024 and earned the highest “AAA” rating in the SET ESG Ratings for the resources industry. Beyond these achievements, OR has been honored with various prestigious awards, further reflecting its price and commitment to sustainable business operations.

            Amid the rapidly changing challenges, OR, as the leader in Thailand’s retail oil business, is committed to becoming a leader in clean energy and contributing to the transition toward a low-carbon society. OR focuses on building strength and sustainable growth alongside society, communities, the economy, and the environment, following the three-dimensional ESG approach. This is achieved through the OR SDG strategy (Small, Diversified, Green, to reach OR 2030 Goals. OR ensures that sustainable operations are truly part of its business by taking concrete actions to achieve the Sustainable Development Goals (SDGs) and the goal of creating opportunities for sustainable growth with society, communities, and the environment, alongside achieving good operational performance.

            On behalf of the Board of Directors and executives, we are committed to driving OR’s business toward sustainability through the establishment of policies, strategies, and good governance. However, success cannot be achieved without the cooperation of all parties. Therefore, we would like to express our gratitude to shareholders, employees, suppliers, and all stakeholders for their continuous support and confidence in OR’s capability and operations. Most importantly, we thank every OR employee who dedicates themselves to creating opportunities together. Today, OR remains determined to ensure energy security and is ready to soar towards growth in new businesses by creating differentiation and achieving true sustainability through concrete actions, seizing every opportunity, and strengthening our competitive capabilities at both the national and international levels.

M.L. Peekthong Thongyai

Chief Executive Officer

PTT Oil and Retail Business Public Company Limited