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Voluntary Commitments

Banpu has supported and applied a number of global initiatives and international best practices to improve its sustainability performance.

Banpu conducts business in alignment with the United Nations Guiding Principles on Business & Human Rights and the Universal Declaration of Human Rights. Moreover, as an UN Global Compact (UNGC) member, the Company embeds UNGC principles into its business operations and annually submits the Communication on Progress (CoP) to UNGC.
Banpu has aligned its long-term corporate strategies with the United Nations Sustainable Development Goals (SDGs).
Banpu has been invited to participate in SAM Corporate Sustainability Assessment (CSA) issued by S&P Global since 2014. The Company has used the assessment result as a guidance to formulate corporate sustainability strategy and improve ESG performances.
The Company has participated in the CDP assessment on the climate change assessment since 2010, water security assessment since 2017, and forest assessment since 2019. The finding assessments have been used to enhance the Company’s environmental management system.
Banpu publishes sustainability reports in accordance with the GRI Sustainability Reporting Standards and also submits sustainability reports for external verification based on GRI Standards: Core option.
Banpu has adopted AA1000 Accountability Principles Standard (AA1000APS) and AA1000 Stakeholder Engagement Standard (AA1000SES) to create its stakeholder engagement and materiality assessment frameworks.
Banpu assures accuracy of data in its sustainability reports using International Standard on Assurance Engagements (ISAE) 3000 issued by the International Federation of Accountants (IFAC).
Banpu has adopted IFC Performance Standard on Environmental and Social Sustainability to set the standard for ESG risk management.
Banpu has set the corporate governance standard in accordance with OECD Guideline for Multinational Enterprises.
Banpu has followed TCFD recommendations in reporting its climate change management practices.
Banpu has adopted ICMM’s mining principle to define ESG management standards of the mining business in particular mine subsidence, mine closure, and community resettlement.
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