Driving Business
Global warming and climate change problems are drastic and affecting to the way of life of humans and other living things. Thus, the global including Thailand put the emphasis on those issues. In doing so, requesting cooperation and intensive law and regulation are applied for pushing the emphasis on those problems. OR, as the oil and retail business, is aware of the importance of such problems. Therefore, the strategy and operational plan for OR SDG (Small, Diversified, Green) or creating a sustainable future in OR’s style has been established in order to effectively achieve the OR 2030 Goals. By creating opportunities for a clean society and promoting green business for a sustainable environmental future, with a commitment to support a sustainable low-carbon society and achieve carbon neutrality by 2030 and net zero emissions by 2050. OR aims to be a part of the solution and reduce the impact of climate change from its business operations
In addition, OR has established Corporate KPIs on issues related to responding to climate change, which are included in the Executive KPIs, with details of related indicators as follows:
Climate Action is part of CEO and Executive KPI, which is in the OR 2030 Goals – Healthy Environment topic (5 % of total weight). (including topic amount of greenhouse gas emissions reduction of Scope 1&2)
Opportunities and Challenges
OR, as an oil and retail business, is the flagship company of the PTT Group, seeking new opportunities in business, as well as inventing and developing the quality of products and services. Therefore, the Company shall adapt to keep up with the transition to a low-carbon society, consistent with Thai and international policies, to jointly reduce greenhouse gas emissions, whether it is in terms of increasing the use of renewable energy or exploring alternatives with lower greenhouse gas-emitting technologies, such as electric vehicles, and influencing consumer behavior to choose Low Carbon Coffee. All of these aspects pose both challenges and opportunities for OR to expand its business while elevating the brand’s identity to attract environmentally-conscious investors who support sustainable businesses.
Operation strategy
OR is formulating a Climate Strategy 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 the impacts and opportunities for business operations arising from climate change issues. This covers both Physical Risk and Transition Risk. The climate strategy’s ultimate goal is to progress towards the Net Zero Emissions target, which involves referencing the principles outlined by the Science-Based Target Initiative (SBTi) and develop the 3R Strategies for business operations which are Reduce, Remove, and Reinforce.
Long-term Targets
Solar Rooftop
จากเป้าหมาย OR 2030 Goals ด้าน Healthy Environment OR ได้ผลักดันการเพิ่มสัดส่วนการใช้พลังงานหมุนเวียน (Renewable Energy) ภายในสถานประกอบการของ OR เช่น การติดตั้ง Solar Rooftop พื้นที่ PTT Station กลุ่มโรงงานธุรกิจไลฟ์สไตล์ (OASYS) คลังปิโตรเลียม/น้ำมัน/ก๊าซ และร้าน Café Amazon เป็นต้น จำนวนสะสม 156 แห่ง และมีแผนที่จะขยายไปยังสาขาอื่น ๆ อย่างต่อเนื่อง นอกจากนี้ OR ยังส่งเสริมให้ผู้แทนจำหน่ายสถานีบริการน้ำมัน PTT Station ซึ่งเป็นหนึ่งในห่วงโซ่คุณค่า (Value Chain) ของ OR ติดตั้ง Solar Rooftop ภายใน PTT Station โดย OR ได้ผนึกกำลังความร่วมมือกับสถาบันการเงิน เพื่อนำร่องโครงการสินเชื่อและ Service Provider ด้าน Solar Rooftop ให้แก่ผู้แทนจำหน่ายฯ เพื่อช่วยผลักดันให้สังคมไทยเข้าสู่สังคมคาร์บอนต่ำอย่างยั่งยืน (Low Carbon Society) โดยในปี 2566 มีผู้แทนจำหน่ายสถานีบริการน้ำมัน PTT Station ที่ได้รับสินเชื่อเพื่อติดตั้ง Solar Rooftop จำนวนทั้งสิ้น 14 สาขา ซึ่งจะช่วยส่งเสริมและสนับสนุนให้เกิดการลดก๊าซเรือนกระจก Scope 3 ได้ จากนั้นในเชิงพาณิชย์ ยังมีการติดตั้งระบบพลังงานหมุนเวียนจำนวนทั้งสิ้น 25 สาขาซึ่งสนับสนุนภาพเอกชนอื่น ๆ ในการใช้พลังงานหมุนเวียน
Long-term Targets
Outstanding projects and performance
Solar Rooftop
According to OR 2030 Goals -Healthy Environment, 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 OASYS (factory group within the Lifestyle Business Center), petroleum/oil/gas terminal, and Café Amazon branches, etc. The cumulative number of installations is 156 locations, with plans to expand to other branches continuously. Furthermore, OR is also encouraging PTT Station dealers, especially those within the value chain of OR, to install solar rooftops within PTT Stations. OR has collaborated with financial institutions to lead credit programs and service providers in the solar rooftop sector for these dealers. This effort aims to help drive Thailand towards a sustainable low carbon society. In 2023, PTT Station dealers received credits for the installation of solar rooftops, which covered 14 branches. This initiative is expected to promote and support the reduction of scope 3 greenhouse gas emissions. Moreover, Commercially, OR also encouraged other private sector to use renewable energy by establishing solar rooftops about 25 branches.
Goals and performance
PTT Green Station – PTT Station Flagship Vibhavadi 62
OR launched PTT Station flagship branch at Vibhavadi 62 in May 2023. The branch is designed under the “Green” concept to be a future prototype of Green Station that expresses itself through OR’s business network ecosystem.
Having space for large retail stores of approximately 4,000 – 5,000 square meters, an increase from general PTT gas stations that have space for retail stores of approximately 500 – 1,000 square meters is a distinctive feature of the PTT Station Flagship. The station houses a wide range of retail stores under OR’s Lifestyle business brand.
Another important highlight of G-GREEN is that, it is a pilot area using 100% renewable energy comprise with the installation of a solar rooftop with 578 kWp and the installation of G-BOX or a battery energy storage system (BESS) with the capacity of 160 kWh that will further develop G-Cell products which use the future semi-solid technology to increase efficiency in energy management together with electric vehicle charging stations (EV Stations), which is a joint development between OR and Nuovo Plus. Furthermore, the station also purchases renewable energy to use within its area in the form of Renewable Energy Certificate (REC) that represents the environmental attributes of the generation of a one-megawatt hour (MWh) of energy produced by
In addition, there are other important operations involved to help support and promote the reduction of greenhouse gas emissions (Scope 3) within the PTT Station flagship Vibhavadi 62, including the use of upcycling products, such as benches in the PTT Station, which are produced from a mixture of used lubricants collected from FIT Auto. The station also houses comprehensive waste management, such as collecting used cooking oil from Texas Chicken branches to be recycled to produce biodiesel (B100), collecting food waste from retail stores into an automatic food waste composting machine, to turn food scrap into an organic fertilizer to be put to further use, collecting waste that can be recycled from the “Yak Lak Yim” project and retail stores for proper management through the YOUTURN platform. In addition, Café Amazon, located in the PTT Station flagship Vibhavadi 62, was designed as a Café Amazon Concept Store, using renewable materials to their full potential and value as the branch’s interior decorations, adhering to the circular economy principle. The branch was also designed for the most efficient use of energy. This results in Café Amazon receiving the Leadership in Energy and Environmental Design (LEED) certification.
Two million rai reforestation project with PTT Group
OR joins forces with the PTT Group along with the government sector: the Royal Forest Department, the Department of National Parks, Wildlife and Plant Conservation, and the Department of Marine and Coastal Resources to sign a memorandum of understanding on a collaborative project to plant 2 million rai of forests. This project is a collaboration between the public and private sectors, both in theory and in practice. It includes supporting research and sharing academic information, planting new forests and rehabilitating old forests, protected forests, national reserved forests, national parks, wildlife sanctuaries, community forests, and mangrove forests. OR has planted 1,500 rais of new forests and reinforced old forests with the Royal Forest Department, and maintained 8,100 rais of community forests with the Mae Fah Luang Foundation, to increase carbon dioxide absorption and storage. Furthermore, the project supports the goals of Carbon Neutrality in 2030 and Net Zero Emissions in 2050. Additionally, this aligns with the sustainable future direction through OR SDG.
Collaboration project to develop and invest in the production of sustainable aviation fuel (Sustainable Aviation Fuel: SAF)
OR cooperates with companies in the PTT group and Thai Airways to sign a memorandum of
understanding (MOU) on the use of sustainable aviation fuel (SAF) to study, develop and invest in the production of sustainable aviation fuel (SAF). The sustainable aviation fuel (SAF) was initially filled for Thai Airway pilot flight Phuket-Bangkok Route, at Phuket Airport, by December 2023, to demonstrate concrete actions and environmental awareness, consequently driving business towards Net Zero Emissions by 2050. This extends to stakeholders in the value chain and aligns with the OR SDG concept in the area of “G” or “GREEN” that aims to reduce greenhouse gas (GHG) emissions, covering all stages of business operations, increase the proportion of clean energy and the efficiency of the energy use in the establishments, and creating a healthy environment to effectively meet the OR 2030 goals.
