Dr. Kongkrapan Intharajang Chief Executive Officer PTT Global Chemical Public Company Limited or PTTGC and GC Group revealed that the company announced the goal of “Together To Net Zero” Reduce greenhouse gas emissions to zero together for a sustainable future With a medium-term target of 20% reduction in greenhouse gas emissions by 2030 and towards net zero greenhouse gas emissions by 2050.
as a leader in the international chemical business to create quality of life Announcing this action plan It will strengthen the GC Group by combining green innovation with advanced technology. This is one of the biggest steps of PTTGC To drive global sustainability leadership reinforcing being “Chemistry..that reaches every happiness” GC Group is therefore determined to drive sustainable business in the long run. by focusing on the environment, society and corporate governance (ESG) along with the integration of circular economy principles in the framework of the Sustainable Development Goals (SDGs).
However PTTGC Plans to invest up to $1 billion by 2030 and to invest more over the next decade. to achieve goals without affecting business growth Through the Three-Pillar Low Carbon Transition Framework
“I am proud to announce my commitment. ‘Together To Net Zero’, which prioritizes balancing business growth strategy and sustainable outcomes. It has set a clear roadmap and set a medium-term target of 20% reduction in greenhouse gas emissions by 2030 in order to achieve a net zero emission target by 2050 under the Paris Agreement on Climate Change. climate. In addition, we plan to reduce greenhouse gas emissions in the value chain by 50% to enable our partners and customers to Let’s take part in this commitment together. As global citizens, we want to pass on the planet. better for the next generation And of course we can’t do it alone. It’s time for all of us to work together, Together To Net Zero.” Dr. Kongkraphan said.
however PTTGC Realize that climate change is one of the most important problems today. and has continued to adjust the existing work processes to suit the situation which the Dow Jones Sustainability Index (DJSI) has rated PTTGC Ranked No. 1 in the world in the sustainability chemicals business for two years in a row. reflects the readiness to achieve this new goal. By implementing the policy framework for the transition to a low-carbon business This will enable it to reduce the carbon footprint of the GC Group’s entire portfolio and value chain, as well as contribute to the reduction of greenhouse gas emissions in its customers’ businesses.
incidentally PTTGC drive towards low carbon with modern technology business operations and carbon offset The low-carbon business transition policy framework is central to the GC Group’s global transformation process to achieve Net Zero goals by 2050, driven by three pillars:
1.Efficiency-driven Optimizing every process by using “5R” principles and digital technology both existing technology and low-carbon technology to reduce the use of resources and reduce energy consumption Adopt new innovations and seek new low-carbon technologies to push the limits of today’s technology.
2.Portfolio-driven Managing the GC Group’s business and product portfolio through innovation and investment. By shifting the portfolio to low-carbon businesses and products, for example, investing in high-value specialty chemicals. Business related to biological products environmental products and products using renewable materials
also PTTGC Acquisition of allnex, the world leader in Coating Resins, manufactures and sells a broad range of coatings and additives for all types of materials. and a leading provider of coating application development solutions. It has been a pioneer in sustainable innovation for the coating industry for more than 70 years, earning EcoVadis Gold Ratings for sustainability. Another example is NatureWorks, the world’s number one bioplastics producer. which is a joint venture company of PTTGC
Recently, NatureWorks announced the construction of a new integrated biopolymer plant in Thailand, resulting in PTTGC It is the only company in the world that operates petrochemical and bioplastics business. Including the implementation of a comprehensive used plastic management project.
in addition PTTGC The shift towards Net Zero is expected to continue to impact customers. which portfolio management Focus on improving the quality of life Changing lifestyles for the better Including taking care of the world with products that will have a positive effect on society and the environment. Reinforcing the chemistry that reaches every happiness, portfolio customization also offers customers a wide range of options. to reduce greenhouse gas emissions from low-carbon products Comprehensive product management To jointly build a value chain and reduce the amount of plastic waste.
3.Compensation-driven It is the last pillar of the low-carbon transition policy framework. with natural-based solutions (Nature-Based Solutions), including procurement and investment in new technologies. in carbon capture through various approaches including Corporate Venture Capitals, partnership building and business venture for the process of economic change
“We recognize the importance of the role of GC Group in Chemical Industry Our focus is on delivering leading products to our customers throughout the value chain. Along with reducing greenhouse gas emissions today’s announcement Reinforces PTTGC’s commitment and leadership in sustainability with a policy framework for the transition to a low-carbon business. This will enable us to develop and offer effective products to our customers around the world.
We believe the goal of net emissions is zero (Net Zero) by 2050 can be achieved. With cooperation from all sectors, including government, industry and consumers, public-private partnerships will be crucial to managing the impacts of climate change. We are ready to cooperate with partners internationally. and ready to support the reduction of greenhouse gas emissions to help our world Together we can achieve Net Zero goals.” Dr. Kongkraphan said.
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