Banpu Listed in DJSI for 8th Consecutive Year Affirming Its Industry Leadership in Delivering “Smarter Energy for Sustainability”
Banpu Public Company Limited, a leading international versatile energy provider, has been selected as a member of the Dow Jones Sustainability Indices (DJSI) – emerging markets in coal and consumable fuels for the 8th consecutive year. The Company has received the highest total sustainability score, with significantly improved score in the areas of Human Rights, Cybersecurity and Biodiversity. The Company continues to deliver “Smarter Energy for Sustainability” for all.
Mrs. Somruedee Chaimongkol, Chief Executive Officer of Banpu Public Company Limited, said that “We are proud to have been included in the Dow Jones Sustainability Indices for the eighth year in a row. This is another achievement for our company as well as Thailand in gaining continued international recognition, reflecting our firm commitment to driving business forward with the Greener & Smarter strategy as well as our ability to stay resilient amidst the challenge of the COVID-19 pandemic. Throughout decades, in the 10 countries around the world we operate, the ESG principles have been deeply intertwined with business operation. This, coupled with smart innovation and technology integration, has kept us on a steady path to deliver “Smarter Energy for Sustainability” to all stakeholders and stay at the forefront of the competition. Our success is made possible with the united hearts of the management team and all our employees who have continued to adopt sustainable development guidelines in all working processes across the organization.”
This year, Banpu achieved outstanding sustainability performance in 3 areas: Human Rights, Cybersecurity and Biodiversity. The rising score in the area of Human Rights was a result of Banpu’s implementation of human rights due diligence self-assessment. Moreover, Banpu’ Australian subsidiary has endorsed the Modern Slavery Act 2018, which came into force in January 2019, and announced the Modern Slavery Statement containing the Company’s plan and outcomes related to the issue in early 2021, with a target to communicate the statement annually.
In the area of Cybersecurity, Banpu announced an information technology policy that integrates cybersecurity management as part of the organization’s risk management system under the supervision of the Audit Committee. The Company has also tested the Disaster Recovery Plan (DRP) , e.g. financial data annually. In addition, the information security of Banpu has been warranted by international certifications including the ISO 27001 Information Security Management and the ISO 22301 Business Continuity Management System.
In the area of Biodiversity, Banpu operates business in accordance with the Biodiversity Policy which encompasses 4 key pillars, namely avoidance, mitigation, recovery and compensation, in line with the guidance of the International Union for Conservation of Nature (IUCN).
In 2021, Banpu took a significant step forward in advancing ESG initiatives with the establishment of the Environment, Social and Corporate Governance (ESG) Committee and laid out an operational framework in line with the ESG directions and global short-term and long-term risk assessments. In the environmental (E) aspect, Banpu has geared toward expanding greener energy and energy technology businesses and targeted the EBITDA from those businesses to account for over 50 percent of its portfolio by 2025. In the social (S) aspect, the Company has initiated several social programs to promote education and provide alleviative support to the society and communities in times of crisis and disaster. Since the outbreak of the COVID-19 in Thailand, Banpu has partnered with Mitr Phol Group to establish “Mitr Phol – Banpu Solidarity to Aid Thailand on COVID-19 Confrontation Endowment”, with a total fund of THB 1,000 million, to help people affected by the pandemic. As for the governance (G) aspect, Banpu established Incident Management Team (ITM) to ensure the continuity and efficiency of business operations during the COVID-19 situation. Digital Center of Excellence (DCOE) was set up to drive company-wide digital transformation, coupled with introducing agile working concept to enhance productivity across all business units.
The Dow Jones Sustainability Indices (DJSI), created in collaboration with S&P Global and SAM, is an index that evaluates the sustainability practices of leading global companies to ensure that these companies have effective management in all dimensions, from economic to environment, society and good governance. It is also an index that funds from all over the world use as a reference for investment consideration. DJSI-certified companies will generate good and sustainable returns for investors while creating long-term value for stakeholders.
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Banpu Public Company Limited is an international versatile energy provider, operating three core groups of businesses – energy resources, energy generation and energy technology in 10 countries: Thailand, Indonesia, China, Australia, Lao PDR, Mongolia, Singapore, Japan, the United States of America and Vietnam.