CKPower Celebrates Consecutive Wins With C-K-P Strategy: Honored For Sustainability at SET Awards 2023

CK Power Public Company Limited or CKPower (SET: CKP), one of the region’s largest producers of renewables-based electricity with lowest carbon footprint, has won SET Awards 2023 in the Sustainability Excellence category for Commended Sustainability Awards. A collaboration between the Stock Exchange of Thailand and Money and Banking Magazine, the award was presented to the company for the second straight year in recognition of its outstanding sustainability performance with a mind to all the stakeholders, positive social and environmental impact and steady business growth. SET Awards 2023 were selected from over 193 listed companies on the 2023 SET ESG Ratings list.

Mr. Thanawat Trivisvavet, Managing Director, CK Power PLC, said, “The fact that CKPower was selected by the Stock Exchange of Thailand for SET Awards 2023 in the Sustainability Excellence category for the second year in a row is a testament of the company’s success from its pursuit of the ESG strategy known by the initials C-K-P approach under a 5-year plan (2022-2026) toward sustainability where we aim to deliver Clean Electricity (C), being a Kind Neighbor (K) to our communities, and fostering a Partnership for Life (P) with all stakeholders. Our mission is to remain one of the largest producers of electricity from clean energy in Thailand and ASEAN and to maintain a balance of the ecosystem and the environment while promoting public well-being in the community and society where we operate.”

The company’s C-K-P sustainability strategy, with the concept of ESG (Environmental, Social and Governance) integrated into the 5-year plan (2022-2026), has played an important role in the company being one of 34 listed companies rated ‘AAA’ in the Stock Exchange of Thailand’s 2023 SET ESG Ratings, and this year is the fourth consecutive year CKPower made the list of SET sustainable stocks. It shows that the company’s performance is rated and evaluated highly for its strategic planning and execution of plan/policy and its concrete measurement of outcome and public disclosure. This evaluation is one of the criteria used in the Stock Exchange of Thailand’s SET Awards 2023 consideration. 

“We have set a goal to grow in renewables and to build a solid energy foundation, as well as to be part of the effort to drive Thailand to be a sustainable low-carbon society as we move toward CKP Net Zero Emissions 2050 in line with the government’s target. At present, our renewables-based power plants are able to deliver 9.5 gigawatt hours (GWh) of clean electricity or 18% of renewables-based electricity used in the country. This is in line with the global power generation investment trend estimated by the International Energy Agency to reach as high as 95% in 2026,” said Mr. Thanawat. 

In 2023, CKPower has also been highly rated by a number of leading institutions, including an ‘Excellent’ CG Score (corporate governance) for the sixth consecutive year in the 2023 corporate governance survey of listed companies by the Thai Institute of Directors (IOD). Importantly, the company has been consistently featured in the Thaipat Institute’s ESG100 List for the second successive year. All of this illustrates corporate management that is equally efficient, transparent and accountable with full mind to all the stakeholders. It reinforces corporate performance in line with CKPower’s vision of a company committed to creating ‘clean energy for a low-carbon society’. The SET Awards for 2023 is a testament to CKPower’s responsibility and commitment to corporate sustainability, stakeholders, society and the environment throughout its history, and the company is committed to continuously enhancing its performance and pursuing sustainable growth alongside Thai society.