CK Power Public Company Limited (SET: CKP), known as CKPower, one of the region's largest producers of renewable-based electricity with the lowest carbon footprint, achieved consecutive wins at the SET Awards 2023 in the Sustainability Excellence category for Commended Sustainability Awards. Additionally, the company received a 'AAA' rating in the Stock Exchange of Thailand's SET ESG Ratings for 2023.
CKPower clinched the Sustainability Excellence award at the SET Awards 2023 for Commended Sustainability Awards. Presented jointly by the Stock Exchange of Thailand and Money and Banking Magazine, this accolade was conferred on November 21, 2023, marking the second consecutive year that the company has received this recognition for its exceptional sustainability performance. The recognition is based on its commitment to all stakeholders, positive social and environmental contributions, and consistent business growth. SET Awards 2023 nominees were chosen from a pool of over 193 listed companies featured on the 2023 SET ESG Ratings list.
Mr. Thanawat Trivisvavet, Managing Director of CK Power PLC, expressed, "CKPower's selection by the Stock Exchange of Thailand for the Sustainability Excellence award at SET Awards 2023, for the second consecutive year, underscores the company's success in pursuing the ESG strategy, known as the C-K-P approach, within our 5-year plan (2022-2026) for sustainability. Our strategy focuses on delivering Clean Electricity (C), fostering a Kind Neighbor (K) relationship with our communities, and nurturing a Partnership for Life (P) with all stakeholders. Our mission is to continue being one of the largest producers of clean energy in Thailand and ASEAN, maintaining a balance in the ecosystem and environment, while promoting the well-being of the communities and societies in which we operate."
The company's C-K-P sustainability strategy, integrated with the ESG (Environmental, Social, and Governance) concept in its 5-year plan (2022-2026), has played a pivotal role in CKPower's 'AAA' rating in the Stock Exchange of Thailand's 2023 SET ESG Ratings. Furthermore, CKPower has earned a place on the list of SET sustainable stocks for the fourth consecutive year. This recognition underscores the company's strategic planning, execution of policies, concrete outcome measurement, and transparent public disclosure—all of which are vital evaluation criteria for SET Awards 2023.
Mr. Thanawat added, "Our goal is to expand in renewables, establish a robust energy foundation, and contribute to Thailand's transition towards a sustainable, low-carbon society in alignment with the government's target of CKP Net Zero Emissions 2050. Currently, our renewable-based power plants can generate 9.5 gigawatt hours (GWh) of clean electricity, equivalent to 18% of the country's total renewable-based electricity consumption. This aligns with the global power generation investment trend, projected by the International Energy Agency to reach as high as 95% by 2026."
In 2023, CKPower also received commendable ratings from various leading institutions, including an 'Excellent' CG Score (corporate governance) for the sixth consecutive year in the 2023 corporate governance survey conducted by the Thai Institute of Directors (IOD). Notably, the company has consistently featured in the Thaipat Institute's ESG100 List for the second year in a row. These achievements underscore CKPower's commitment to efficient, transparent, and accountable corporate management that prioritises all stakeholders. It reinforces the company's vision of providing 'clean energy for a low-carbon society.' The SET Awards for 2023 serve as a testament to CKPower's historical dedication to corporate sustainability, stakeholders, society, and the environment, and the company remains committed to continually enhancing its performance while pursuing sustainable growth in tandem with Thai society.