Sustainability Materiality

Our Sustainability Report

IRPC publishes sustainability report annually to communicate issues that are material to corporate sustainability and are of interest to stakeholders. Specifically, to earn the trust of all involved stakeholders, IRPC reports sustainability targets and results of goal achievements which are primarily set to balance economic, social, and environmental factors. The reporting progress status has been written for the compliance with the principle of United Nations Global Compact: UNGC. This report has been prepared in accordance with GRI Sustainability Reporting Standard “Core” Option and Oil and Gas Sector Disclosure. The scope of this report covers IRPC’s sustainability context, materiality, completeness, and stakeholder inclusiveness, all of which are reported in the highest quality to conform to Principles for Defining Report Quality. In addition, IRPC ensures that our sustainability report is of international standards by reporting with accuracy, balance, clarity, comparability, reliability, and timeliness. Furthermore, IRPC’s sustainability report has been verified by external party to align with GRI standard and ensure confidence to stakeholders that information disclosed is accurate.

Scope of the Report

Information disclosed covers business that operated by IRPC Plc., including its subsidiaries with more than 50% share held by IRPC, which comprises of 1) IRPC Oil Co., Ltd., 2) IRPC A&L Co., Ltd., 3) IRPC Technology Co., Ltd. and 4) I Polymer Co., Ltd. Furthermore, it also includes Rak Pa Sak Co., Ltd., another company in which IRPC’s subsidiaries hold more than 50% shares.

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 IRPCs Sustainability Materiality Assessment  (GRI10247)

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 2020.

In 2020, IRPC identified the material issues that encompasses high business and stakeholder significance which includes the following:

Material Issues
GRI Aspects
Scope of Impact
Topic in
Sustainability Report 2020
Website (www.irpc.co.th)
Innovation and Product Development
  • Non-GRI Topic
  • IRPC and Subsidiaries
  • Customers
  • Innovation and Product Development
  • Innovation for Sustainability
Human and Organization Development
  • Employment
  • Training and Education
  • IRPC and
  • Subsidiaries
  • Employees
  • Human Resource
  • Management
  • People Performance Summary
  • Human Resource Management
Occupational Health and Safety
  • Occupational Health and Safety
  • Asset Integrity and Process Safety
  • IRPC and Subsidiaries
  • Employees
  • Communities, Society and Environment
  • Occupational Health and Safety
  • Safety Performance Summary
  • Occupational Health and Safety
Social Well-being and Creating Shared Value
  • Local Communities
  • Indirect Economic Impacts
  • IRPC and Subsidiaries
  • Communities, Society and Environment
  • Social Well-being

 

  • Social Well-Being
Operational Eco-Efficiency
  • Energy
  • Emissions
  • Waste
  • Environmental Compliance
  • IRPC and Subsidiaries
  • Customers
  • Employees
  • Communities, Society and Environment
  • Operational Eco-Efficiency
  • Environment Performance Summary
  • Operational Eco-Efficiency
Climate Change and Water Management
  • Water-Related Risk
  • Emissions
  • IRPC and Subsidiaries
  • Customers
  • Employees
  • Communities, Society and Environment
  • Climate Strategy and Water Management
  • Environment Performance Summary
  • Climate Strategy and Water Management
Circular Economy
  • Non-GRI Topic
  • IRPC and Subsidiaries
  • Customers
  • Circular Economy

 

  • Circular Economy

 

Customer Relationship Management
  • Customer Health and Safety
  • Marketing and Labeling
  • Customer Privacy
  • IRPC and Subsidiaries
  • Customers
  • Customer Relationship Management
  • Performance Summary
  • Customer Relationship Management
Cybersecurity
  • Non GRI Topic
  • IRPC and Subsidiaries
  • Shareholders/ investors
  • Employees
  • Customers
  • Suppliers
  • Cybersecurity
  • Information security
Business Performance
  • Economic Performance
  • IRPC and Subsidiaries
  • Shareholders/ investors
  • Employees
  • Customers
  • Suppliers
  • IRPC Business
  • IRPC Business
Risk & Crisis Management
  • Organizational profile
  • Strategy
  • Governance
  • IRPC and Subsidiaries
  • Shareholders/ investors
  • Employees
  • Customers
  • Suppliers
  • Communities, Society and Environment
  • Risk and Crisis Management
Governance, Business Ethics, and Compliance
  • Organizational profile
  • Governance
  • Anti-corruption
  • Public Policy
  • IRPC and Subsidiaries
  • Shareholders/ investors
  • Employees
  • Customers
  • Suppliers
  • Corporate Governance, Business Ethics, and Compliance
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