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Thaioil Triumphs: Sustainability Excellence Award Winner at SET Awards 2024

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In a dazzling showcase of sustainability and corporate excellence, Thai Oil Public Company Limited, more affectionately known as Thaioil, has added another feather to its cap. Represented by the ever-dedicated Miss Korapat Limpaphayom, Vice President – Group Company Secretary and Sustainability, Thaioil recently bagged the prestigious Sustainability Excellence Award. The accolade, in the Commended Sustainability subcategory, comes hot off the press from the SET Awards 2024—a coveted event in the business calendar.

The grand ceremony was hosted at the illustrious Professor Sangvien Indaravijaya Auditorium, perched on the seventh floor of the Stock Exchange of Thailand (SET) building. The awards night was a harmonious collaboration between the Stock Exchange of Thailand and Money & Banking Magazine, adding a touch of glitz and glamour to the financial heart of Bangkok. On this momentous occasion, the award was graciously handed over by none other than Professor Emeritus Kittipong Urapipatanapong, the Chairman of the Board of Directors of SET. An accolade presented by such esteemed hands, indeed, underscores the significance of this recognition.

The Sustainability Excellence Award shines a spotlight on companies that not only thrive economically but do so by weaving in robust governance and sustainable development practices. It is a testament to those who march to the beat of their own drum, keeping in step with the holistic betterment of all stakeholders involved. Thaioil’s triumphant achievement is a testament to its unwavering commitment to economic growth, backed by a symbiotic relationship with societal and environmental advancement.

At Thaioil, sustainability isn’t just a buzzword—it’s a core ethos. With strategies that bolster competitive advantage, the company seamlessly aligns its green initiatives with the Environmental, Social, and Governance (ESG) principles. This alignment is more than strategic; it’s a passionate pursuit to fulfill stakeholder expectations and bring value to every sector they touch. It’s no wonder that their vision—“Empowering Human Life through Sustainable Energy and Chemicals”—resonates through their achievements and accolades.

What sets Thaioil apart in the crowded arena of enterprise is its vision of a sustainable future—a future where energy and chemicals are not just resources, but empowering agents that uplift human life. Not content with just meeting expectations, Thaioil constantly strives to exceed them, proving that business success and sustainability can, and should, go hand in hand.

So, here’s to Thaioil—continuing to set the benchmark for what it means to be a truly sustainable enterprise. As they turn the gears of development, one can only imagine what new zeniths they will reach in their journey to empower human life through the twin engines of sustainable energy and innovative chemicals. Let’s pop the proverbial champagne and toast to their vision, their tenacity, and their sparkling contribution to a greener planet.

27 Comments

  1. Anna Green November 5, 2024

    It’s great that Thaioil won the Sustainability Excellence Award, but can a fossil fuel company ever be truly sustainable?

    • EcoWarrior42 November 5, 2024

      I think them taking steps towards sustainability is better than doing nothing. Every little bit counts.

      • Anna Green November 5, 2024

        Sure, but isn’t it just a way for them to greenwash their image while continuing harmful practices?

    • Tom Holmes November 5, 2024

      You make a point, Anna. Thaioil’s initiatives should be scrutinized to ensure their true commitment.

  2. Larry D November 5, 2024

    Why are energy companies getting awards for sustainability? It’s like giving a thief an award for only robbing a little.

    • SustainabilityFan November 5, 2024

      I disagree, Larry. Every corporation needs to transition to greener practices. Encouraging steps in this direction is crucial.

    • Larry D November 5, 2024

      I get your point, but they should be held to higher standards than others.

  3. EcoWarrior42 November 5, 2024

    Sustainability is important, but are the awards just to hype the company’s stock?

  4. Sam Carter November 5, 2024

    Thaioil’s alignment with ESG principles shows genuine effort. We need more companies like them pushing for change.

    • Jane Doe November 5, 2024

      I agree, but we have to be cautious and ensure they aren’t just saying sweet words.

    • Sam Carter November 5, 2024

      Exactly, accountability is key! They need to transparently report their progress.

  5. Grower134 November 5, 2024

    It’s about time energy companies realize the importance of the environment. Thaioil’s initiative is commendable.

  6. Larry Davis November 5, 2024

    What’s next, a cigarette company winning a health award? This is ludicrous.

    • EcoEnthusiast November 5, 2024

      Perhaps focusing on their positives will encourage them to further their sustainability efforts.

  7. EcoEnthusiast November 5, 2024

    Fingers crossed that Thaioil’s win leads other companies to follow suit in sustainability efforts.

  8. Bill C November 5, 2024

    Maybe the award’s criteria need to be more stringent. It would prevent companies from making minor changes to win.

  9. Tracy L November 5, 2024

    I think Thaioil genuinely wants to change. You can’t become perfectly sustainable overnight.

  10. Joe November 5, 2024

    Hope this inspires a domino effect. The more big companies adopt sustainability, the better.

  11. Sally Smith November 5, 2024

    Celebrating Thaioil overlooks the damage their core business does. We should be focusing on renewable companies.

  12. Rita T November 5, 2024

    I wonder if these claims align with what’s actually happening in their plants and operations.

    • EcoWarrior42 November 5, 2024

      That’s a fair concern. We’d need transparency to really celebrate.

    • Rita T November 5, 2024

      Exactly. We need to see real data, not just awards.

  13. Moira November 5, 2024

    Does anyone else find it ironic that a traditional energy company is leading in sustainability?

    • Greg November 5, 2024

      Yes, it’s kind of like the Fox guarding the Hen house, but maybe it’s a step in the right direction.

  14. Pat November 5, 2024

    If Thaioil is putting stock into sustainability, what about their competitors? Are they also trying to be more eco-friendly?

  15. Greta November 5, 2024

    It’s time for fossil fuel companies to do more. Awards aren’t the only measure of true sustainability.

  16. Grower134 November 5, 2024

    They still generate a lot of waste. Thaioil should focus on minimizing waste across their operations.

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