Strategic Projects Global recovery may have gained momentum in recent months but it can still be delayed by pandemic uncertainty. In the mean time, Megatrends move relentlessly forward, changing the way we live and do business. 1. Rapid technological development and innovations in electric vehicles, proliferation of digital technologies and rise of AI robotics are some of the most obvious manifestation of these trends. 2. Demographic change accelerates as a result of mass migration, rapid urbanization, increase in middleclass income and graying population, etc. 3. Shifting power and the emerging new world order lead to growth, formation of economic blocs and cooperation among developing countries, growing importance of rules-based international trade and investment, etc. 4. Environment pressure gives rise to environmental rules, regulations, enforcement of standards, depletion of resources, quest for renewable energies and low-carbon society, etc. Taking into consideration the abovementioned factors, coupled with the conclusion of IRPC’s vision: “Leading Integrated Petrochemical Complex in Asia by 2020,” the Board of Directors approved the guidelines for the President and Chief Executive Officer to establish new corporate vision and mission for 2030 that aligns with PTT’s new vision to steer IRPC towards a business direction that will put the company in a position to maximize benefits from Megatrends as well as to build confidence among its stakeholders as follows: Vision “To Shape Material and Energy Solutions in Harmony with Life” Mission “To Deliver with Innovations the Better Attributes and Solutions of Sustainable Material and Energy for the Future” For IRPC to live up to the new vision and mission, strategic framework and business direction have been created with an emphasis on Core Uplift based on expertise in its existing businesses and diversify into Adjacent Businesses and to be on the lookout for Step Out Businesses. All this with the aim to drive growth under the new vision and mission to transform IRPC into a company that provides innovative material and energy solutions in a creative and sustainable manner while meeting the requirements of the customers and suppliers. Mr. Chawalit Tippawanich, President and CEO, and other executives established the organization’s vision and long-term strategy through 2030. 91 Structure and Business Operations of IRPC IRPC PUBLIC COMPANY LIMITED
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