Press Release

Bangkok, 20 December 2016 – PTT Exploration and Production Public Company Limited (PTTEP) has attained “Leadership Level” for its achievement and leadership in greenhouse gas emissions reduction for 3 consecutive years by Carbon Disclosure Project (CDP), an international non-profit organization in climate change area that drives sustainable economies. PTTEP is one of three companies in the Hong Kong & South East Asia region to have been awarded an A- and attained leadership level in 2016. Every year, thousands of companies submit annual climate disclosures to CDP for independent assessment against its scoring methodology.

Somporn Vongvuthipornchai, President and Chief Executive Officer of PTTEP said “as stated in PTTEP’s vision, green practice is at the heart of our sustainability strategy. We are delighted that we continue to be ranked at the Leadership level in CDP's Climate Change evaluation. I strongly believe these are indicators of our ability and capability to eventually become a leading Asian petroleum exploration and production company driven by competitive performance, advanced technology and green practices.”

Green Practice for PTTEP is aimed at mitigating environmental impacts from its operations, lowering its carbon and ecological footprints, as well as creating value added processes to its business. The company’s Green Practice Roadmap includes, for example, its commitment to achieving 20% GHG emissions reduction by 2020 based on business as usual, energy conservation program, and green procurement. In addition, bearing in mind both risks and opportunities of climate change, PTTEP is also conducting a rigorous climate change adaptation assessment to maintain our long-term sustainability.