Page 51 - PSTC - One Report 2023 (EN)

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Power Solution Technologies Public Company Limited
Sustainability Material topics
Key performances
SDGs alignment
Organizations Taking Urgent Action to Combat Climate Change and Its Impacts 13.1 Strengthen resilience and adaptive
capacity to climate-related hazards and
natural disasters in all countries.
13.2 Integrate climate change measures into
national policies, strategies, and planning.
13.3 Improve education, awareness-raising
and human institutional capacity on climate change mitigation, adaptation, impact reduction and early warn.
Responsible and Transparent Organizations
16.5 Substantially reduce corruption and bribery in all their forms.
16.6 Develop effective, accountable, and transparent institutions at all levels.
The group of companies is committed to accelerating adaptation and taking action across various dimensions to reduce greenhouse
gas emissions, as well as joining forces for adaptation and coping with climate change and potential impacts.
The group of companies realizes the importance of and gives priority to anti-corruption both within and outside the organization. The company adheres to transparent, fair, and verifiable business conduct at every work process and step.
In 2023, the company joined Thailand’s Private Sector Collective Action Coalition Against Corruption and has maintained membership status since 2018.
ADDRESSING CLIMATE CHANGE
2. Sustainability Management in the Economic Aspect
The group of companies has a policy to promote and support business operations under good corporate governance and ethical principles along with caring for the environment and society. There is a genuine corporate social responsibility taking into account relevant internal and external stakeholders ranging from shareholders, employees, customers, communities to alignment with the Sustainable Development Goals framework. This is to achieve sustainable development objectives, create shared value for society, and build confidence and trust among stakeholder groups in all areas.
2.1 Value Chain of Liquefied Petroleum Gas Distribution Business
Biggas Technology Co., Ltd., as a subsidiary in the group of companies, has governance criteria for supplier assessment, selection and auditing based on business security and supplier reliability as well as social and environmental responsibility. The gas distribution business is divided into two businesses:
Liquefied Petroleum Gas (LPG) Distribution Business
Biggas, licensed as an oil trader under Section 7 of Fuel Oil Trading Act B.E. 2543 (2000) for LPG, operates distribution under the “Biggas” trademark covering three sectors – industrial, automotive, and household/commercial.