EGCO Group Listed on DJSI for 4th Year in a Row Commitment to Sustainability and Net Zero 2050 Goal Is Strongly Confirmed

Electricity Generating Public Company Limited (SET: EGCO) or EGCO Group was selected for the Dow Jones Sustainability Indices (DJSI) 2023 in the Emerging Markets Index – Electric Utilities for the 4th consecutive year. The world-class recognition has confirmed the company’s commitment to sustainable development and to achieving Net Zero goal by 2050.

Mr. Thepparat Theppitak, EGCO Group’s President, said, “Our success in the global level that has continued for the 4th consecutive years is a clear proof of our commitment and intention to operate our business with ESG as our key pillar. We focus not only on strong financial performance, but also strengthening surrounding communities and the society, as well as taking good care of the environment. At the same time, we adhere to corporate governance, transparency, and accountability. These are the key factors that enable us to add value to all our stakeholders in the 8 countries we are operating in. Looking ahead, EGCO Group will continue to grow our business to support the energy transition and join the world in driving the overall power generation and energy industry towards a low-carbon society.”

EGCO Group has been operating electricity generating and energy-related businesses for over 31 years. Guided by “Cleaner, Smarter, and Stronger to Drive Sustainable Growth” business direction, the company has announced a more challenging and intensive goal of achieving carbon neutrality by 2040, 10 years ahead of the previous plan. The company also added another target of achieving net zero by 2050. Meanwhile, EGCO Group has seriously implemented programs and activities to support social and environmental development, including quality of life improvement for communities surrounding its power plants, promotion of energy and environmental education among young people, and conservation of watershed forests and biodiversity in our operational area. The company also implements such projects through the Thai Conservation of Forest Foundation. In addition, transparent, equal, and fair disclosure of information has enabled all its stakeholders to closely monitor and follow up on the company’s operations.

DJSI is an index used to assess the effectiveness of sustainable development and operations of the world’s leading businesses, ensuring leading organizations have effective operations across all areas – economic, environmental, social and governance practices. Leading funds at international level have used the index as a benchmark in investment consideration and decision. Companies selected for DJSI generally have a high possibility to create long-term value to stakeholders.