Significance & Commitment
Business ethics stands at the heart of stakeholder trust and long-term business success. For Banpu, operating business by adhering to ethical practices is not only for maintaining a strong corporate reputation but also forms the foundation of stakeholder confidence. The Company is committed to upholding the highest standards of corporate governance and ethical conduct.
Management Approach
The Company implements a Corporate Governance Policy and Code of Conduct aligned with international standards, including the ASEAN Corporate Governance Scorecard, OECD Guidelines, and the Corporate Governance principles of Thai listed companies according to the Securities and Exchange Act, the Securities and Exchange Commission (SEC), and the Stock Exchange of Thailand (SET). These policies are regularly reviewed and updated to ensure continued alignment with evolving regulations and global best practices.
Recognizing the importance of conflicts of interest management, the Code of Conduct strictly prohibits board members, executives, and employees from using their positions for personal gain or engaging in transactions that could conflict with the Company’s interests. To reinforce this commitment, we have implemented the formal Anti-Corruption Policy, which explicitly prohibits direct or indirect involvement in any form of corruption by directors, management, and employees. Each year, the Company conducts a comprehensive corruption risk assessment across all business units, including subsidiaries and joint ventures. with results submitted to the Risk Management Committee.
To further embed ethical conduct in the organizational culture, the Company integrates ethical behavior into the employee compensation framework, linking it directly to the behavioral component of the annual performance review. To strengthen employee awareness, we have introduced a structured communication framework across business operations.