Sustainability Materiality

Our Sustainability Report

IRPC has disclosed sustainability performance information to stakeholders through the annual Sustainability Report and the corporate website on a yearly basis. In 2021, IRPC adjusted the disclosure format to take the form of “Annual Registration Statement/Annual Report 2020 (Form 56-1 One Report), combining them as One Report as shown in Section 3 Business driven sustainability, as well as disclosing such information on the website in the Sustainable Development section, as is the case each year, to communicate material issues relating to sustainability of our business operations to all stakeholders. This report also contains current status and progress on the implementation of the United Nations Global Compact (UNGC) by preparing a report in accordance with the guidelines for the Annual Registration Statement/ Annual Report, Form 56-1 One Report, of Office of the Securities and Exchange Commission (SEC) and the Sustainability Reporting Guideline (Standards) of the Global Reporting Initiative (GRI) at the level of Core Option and additional indicators for companies in the Oil and Gas Sector Disclosure. In its latest Sustainability Report 2020, IRPC maintained the scope of reporting on business driven sustainability in Form 56-1 One Report 2021, covering economic, social and environmental operations between January 1 and December 31, 2021, approved by the Board of Directors, the Chief Executive Officer and President as well as high-level executives from relevant departments, and reviewed and audited by KPMG Phoomchai

Audit Co., Ltd. to reassure all stakeholders as to its accuracy, reliability and in alignment with the business operation that is also traceable to the sources of information in every respect.

Scope of the Report

Disclosure of operating results, covering all businesses operated directly or owned by IRPC through shareholding, include IRPC Public Company Limited, as well as subsidiaries under IRPC’s management, with over 50 per cent of shares held by IRPC, are: 1) IRPC Oil Company Limited; 2) IRPC A&L Company Limited; 3) IRPC Technology Company Limited; and 4) iPolymer Company Limited; along with Rakpasak Company Limited, whose shares are held indirectly by IRPC through its subsidiaries, amounting to more than 50 per cent.

Materiality Assessment

IRPC addresses issues that are material to stakeholders and within the context of sustainability. The identified issues cover governmental regulations and megatrends of business operations, such as COVID-19, cybersecurity, climate change, water security, urbanization, and plastic waste management. Moreover, issues that are addressed in reputable organizations, like World Business Council for Sustainable Development (WBCSD), United Nations (UN), United Nations Development Programme (UNDP), RepRisk, SustainAbility, World Economic Forum, SDGs, NSTDA, DJSI, and GRI are taken into consideration together with corporate risk, sustainability management policy, business directions, and operations. Past materiality assessment results are used to prioritize new material issues that affect IRPC’s sustainable business operations and assess the organization’s policy. IRPC’s material issues are disclosed in the organization’s sustainability report and website.

Sustainability Materiality Assessment Procedure 

 

Outcome of IRPC’s Sustainability Materiality Assessment

IRPC’s Sustainability Material Issues

IRPC is committed to identifying relevant material issues under the sustainability context by covering all three factors of economic, environment, and social. In accordance to the GRI standard, IRPC ensures that all material issues, scope of impact, and topic reported are reevaluated for each year. Following from 2019, IRPC enhances its material assessment procedure by ensuring that updated innovation and technological strategies, such as circular economy and cybersecurity are valued with high significance to align with IRPC’s corporate strategy in 2021.

In 2021, IRPC identified the material issues that encompasses high business and stakeholder significance which includes the following:

Sustainability material issue

Sub-issue Scope of impact Supporting The UN SDGs

 

Topic location
Form 56-1 One Report Form 56-1 One Report

Sustainable Value Material Creation Material Issue

Climate Change ·  Water Related Risk

·  Emissions

·  IRPC and subsidiaries

·  Customers/ Consumers

·  Employees

·Communities, Society and Environment

6,7,12,13 Climate ChangeManagement Climate Change,Energy, andWater ResourceManagement
Circular Economy ·  IRPC and subsidiaries

·  Customers/ Consumers

12 Circular Economy Circular Economy
Creating Social Value ·  Local Communities

·  Indirect Economic Impacts

·  IRPC and subsidiaries

·Communities, Society and Environment

3,4,8,10 Creating sharedvalues for society Social well-being
Innovation ·  IRPC and subsidiaries

·  Customers/ Consumers

8,9,12 Innovation and specialty products Innovation forsustainability
Enabling Material Issues
Agile human ·  Employment· Strategic Workforce Planning

·  Training and Education

·  IRPC and subsidiaries

·  Employees

4,8 · Management and human resource development

·  Summary of performance

·  Personnel management
Digital transformation ·    IRPC and subsidiaries

· Shareholders/ investors·    Employees·    Partners

Digitaltransformation Cyber security
Operational eco-efficiency ·  Energy·  Emissions

·  Waste

·  Environmental Compliance

·  IRPC and subsidiaries

·  Customers/ Consumers

·  Employees

·  Communities, Society and Environment

6,7,8,9,11,12 ·  Operational Eco-efficiency

·  Summary of performance

·  Operational Eco-efficiency
Business Fundamental Material Issues
Business ethics ·    IRPC and subsidiaries

·    Shareholders/ investors

·    Employees

·    Customer/ consumers

·   Partners

8,10,16 Governance
Governance ·       Organizational Profile

·       Governance·       Anti-corruption

·       Public Policy)

·    IRPC and subsidiaries

·    Shareholders/ investors

·    Employees

·    Customer/ consumers

·   Partners

8,10,16 Governance
Compliance ·    IRPC and subsidiaries

·    Shareholders/ investors

·    Employees

·    Customer/ consumers

·   Partners

8,10,16 Governance
Customer Relationship Management ·       Customer Health and Safety

·       Marketing and Labelling·       Customer Privacy

·    IRPC and subsidiaries

·    Customer/ consumers

·   Customer Relationship Management ·   Customer Relationship Management
Occupational Health & Safety ·       Occupational Health and Safety

·       Asset Integrity and Process Safety

·    IRPC and subsidiaries

·    Employees

·   Communities, Society and Environment

8 ·   Occupational Health & Safety ·   Occupational Health & Safety

·   Performance summary

Risk and crisis management ·    IRPC and subsidiaries

·    Shareholders/ investors

·    Employees

·    Customer/ consumers Partners

·    Communities Society and Environment

Risk and crisis management Risk and crisis management
Human Rights ·    Human Rights Policy and Related Policies

·    Implementation of human rights projects

·    IRPC and subsidiaries

·    Shareholders/ investors

·    Employees

·    Customer/ consumers Partners

·   Communities Society and Environment

6,8,10 ·    Implementation of Human Rights ·    Implementation of Human Rights

·    Performance Summary

Sustainable supply chain ·    IRPC and subsidiaries

·    Employees

·    Customer/ consumers

·    Partners

12 ·    Sustainable Value Chain

 

 


Warning: Invalid argument supplied for foreach() in D:\xampp\htdocs\wp-content\themes\irpc_theme\single-sustain_post.php on line 101

By clicking “Accept All Cookies”, you agree to the storing of cookies on your device to enhance site navigation,analyze site usage, and assist in our marketing efforts.

Privacy Preferences

คุณสามารถเลือกการตั้งค่าคุกกี้โดยเปิด/ปิด คุกกี้ในแต่ละประเภทได้ตามความต้องการ ยกเว้น คุกกี้ที่จำเป็น

Accept All Cookies
Manage Consent Preferences
  • คุกกี้ประเภทจำเป็นถาวร (Strictly Neccessary Cookies)
    Always Active

    คุกกี้เหล่านี้คือคุกกี้ที่มีความจำเป็นเพื่อให้เว็บไซต์สามารถทำงานได้ และให้ท่านใช้คุณสมบัติต่างๆในเว็บไซต์ของเราได้

  • คุกกี้เพื่อการวิเคราะห์/เพื่อประสิทธิภาพ (Analytical/Performance Cookies)

    คุกกี้เหล่านี้สามารถเก็บรวบรวมพฤติกรรมในการเยี่ยมชมเว็บไซต์ รวมถึงรวบรวมข้อมูลทางสถิติเกี่ยวกับวิธีการเข้าถึงและพฤติกรรมการเยี่ยมชมเว็บไซต์ของท่าน ซึ่งจะช่วยให้ท่านสามารถค้นหาสิ่งที่ต้องการได้อย่างง่ายดาย และช่วยให้เราเข้าใจถึงความสนใจของท่าน อีกทั้งยังสามารถวัดความมีประสิทธิผลของโฆษณาของเรา

Save