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| Overall Assessment |
Comment |
Score |
| Comprehensive |
PTT Global Chemical PCL demonstrates a comprehensive level of transparency in disclosing its climate lobbying activities. The company explicitly names specific climate policies it has engaged with, such as the "Thailand Voluntary Emission Trading Scheme (Thailand V-ETS)," the "Thailand Voluntary Emission Reduction Program (T-VER)," and the "Water Resource Act 2018." It also connects its lobbying efforts to Thailand's Nationally Determined Contributions (NDCs) under the Paris Agreement, showcasing a clear alignment with national and international climate goals. The company provides detailed information about its lobbying mechanisms, including direct engagement with government institutions like the Ministry of Foreign Affairs and the Ministry of Finance, participation in trade associations such as the Federation of Thai Industries, and contributions to initiatives like the drafting of a "White paper – carbon pricing." Additionally, it outlines its role in the Climate Change steering committee of the Federation of Thai Industries and its collaboration with the Joint Standing Committee on Commerce, Industry, and Banking (JSCCIB). PTT Global Chemical also articulates specific outcomes it seeks, such as encouraging private and public sectors to reduce domestic GHG emissions, supporting Thailand's low-carbon economy transition, and promoting carbon pricing across all sectors. These disclosures demonstrate a structured and transparent approach to its climate lobbying activities, aligning with its corporate transition strategy and commitment to achieving net zero emissions by 2050.
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4
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| Overall Assessment |
Comment |
Score |
| Comprehensive |
PTT Global Chemical (GC) demonstrates a comprehensive governance framework for climate lobbying alignment, encompassing both direct and indirect lobbying activities. The company has established clear oversight structures, monitoring mechanisms, and accountability measures. "The Corporate Governance and Sustainability Committee (CGS) oversees the Management Committee (MC) which provides progress and updates from the Sustainability Development Committee (SDC)." The CGS is explicitly responsible for "reviewing and implementing the management system for climate change-related lobbying activities and trade association memberships." At the senior management level, the SDC ensures alignment of climate lobbying policies and practices with GC's overall vision and net zero ambition, reporting progress to the CGS. GC conducts a quarterly monitoring and review process to ensure alignment of lobbying activities with the Paris Agreement and Thailand's NDC. "GC conducts a quarterly monitoring and review process to assess whether public policy engagements and lobbying are aligned with the Paris Agreement for all direct lobbying activities and trade associations we are involved in." This process includes internal board approvals and external monitoring systems within trade associations. GC has also established a framework to address misalignments, stating, "If misalignments are identified, discrepancies are addressed through extensive discussions and engagements with involved parties. Moreover, GC will reconsider and reassess its position in the trade association or organization and may distance the company from the misalignment if necessary to ensure alignment to Thailand's NDC and the Paris Agreement." GC publishes detailed annual reviews covering its own lobbying activities and those of its trade associations, ensuring transparency and alignment with climate goals. "GC regularly reviews climate change lobbying activities, at least on an annual basis, to ensure that alignment to Thailand's NDC and the Paris Agreement." The company has disclosed its memberships and financial contributions to trade associations, along with its active roles in committees related to climate change. For example, "GC engages in climate change-related lobbying through our membership, support, and involvement in the following trade associations," and provides detailed financial disclosures for these associations. Overall, GC's governance framework includes robust monitoring, clear accountability structures, and transparent reporting, indicating a strong commitment to aligning its climate lobbying activities with global climate goals.
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4
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