GPD Sustainability Framework | Gunkul Power Development

Sustainable Development Policy

Gunkul Power Development Company Limited (the “Company”) and the Group We believe in sustainable development and responsible growth. By recognizing the interests of all stakeholders in the value chain, business is a way to create long-term value for an organization.

The company, therefore, attaches great importance to the business of engineering and construction of a completely renewable energy power plant by bringing new technologies and innovations to adapt to create sustainability based on good corporate governance, transparency, and equality and manage business risks along with operating based on social and environmental responsibility. Not only compliance with the rules, regulations, and national standards but includes international principles such as the Sustainable Development Goals (SDGs) and sustainability reporting frameworks such as the Global Reporting Initiative (GRI) and Sustainability Reporting Guide (SET) with clear indicators for respond to the expectations of stakeholders. Leading to business development with social responsibility and creating shared values in economic, social, and environmental dimensions in the business value chain.

Sustainability Framework

Economic Dimension

The company is committed to creating energy stability. Make connections and create opportunities to access energy. Ready to transition into a low-carbon society with clean energy technology and innovation as well as delivering value and generating sustainable returns for all stakeholders in a balanced manner.

The company takes into accountability the impact that may have on stakeholders based on the principles of social responsibility, both internal and external society, with human rights principles covering respect for labor rights by treating all employees equally.

Environment Dimension

In the midst of the challenge of transitioning energy from fossil fuels or energy sources that pollute the environment to clean energy, the company promotes the use of new technologies and innovations. To help create stability in the energy infrastructure.

Stakeholder Engagement

The company has grouped stakeholders both inside and outside the company. Along the business value chain and has analyzed expectations and defined channels for stakeholder participation as follows:

Stakeholder expectations

Fair remuneration and welfare and more than required by law.
Practice with fairness, equality, without discrimination. Respect human rights.
Developing skills and abilities to work.
Career path and job security.
Safety, occupational health and good working environment.
Good relationship and coexistence between employees and the organization.
Participation in expressing opinions.

Responding to stakeholder expectations

Appointing members of human resources management (HR Committee).
Appointing members of welfare committee.
Survey training needs (Training Needs Survey) and provide training courses. To develop skills and abilities to work according to the profession.
Add a variety of channels for receiving opinions and suggestions that are easily accessible.
Treat employees fairly and equitably. without discrimination based on human rights principles.
Determine criteria for tangible and measurable performance evaluation.
Develop/improve the appropriate welfare.
Promote and build organizational engagement with employees through various activities and projects.
Survey employees' opinions on organizational engagement.
Improve and develop processes for safety and Occupational health to raise operational standards.

Stakeholder expectations

Fair competition and according to the law.
Conduct business with transparency, honesty and ethics.
Non-Infringement of Intellectual Property.

Responding to stakeholder expectations

Treat competitors fairly. Ethics and according to the law.
Operate under the policy against corruption and business ethics.

Stakeholder expectations

Ability and experience to perform tasks efficiently.
The completeness of technical details and prices.
Good quality of work with standards according to the terms of the contract.
Delivery of work within the specified time according to the terms of the contract.
Quality work under reasonable budget.
Warranty for products and services.
Complaint Management, be a consultant and solve problems for customers.
The safety of Equipment and construction.
Supervision and system management of occupational health and safety in construction.
Compliance with Laws and Ethics.
Transparency operation work process.
Consumer privacy and protection.

Responding to stakeholder expectations

Operates professionally according to international standards.
Develop personnel and work processes for the highest efficiency.
Continuously study and develop products and services with appropriate and modern technology and innovation.
Arrange a quality assurance system throughout the supply chain.
Evaluate and survey customer satisfaction for continuous improvement.
Inspect equipment and construction to meet international standards. Both in terms of quality and safety.
Set a policy for personal data protection (Personal Data Protection Act; PDPA).
Follow the terms and conditions of the contract strictly and fairly.
Operates under the anti-corruption policy and business ethics.

Stakeholder expectations

Comply with the rules and regulations.
Good performance and continuous growth.
Ethics, morals and transparency in business operations.
Develop potential for long-term joint business operations.
Good business partner has a long relationship.

Responding to stakeholder expectations

Operates under the anti-corruption policy and business ethics.
Set up a compliance unit responsible for the management of various contracts. In order to be able to comply with the conditions completely and on time.
Maintenance and improvement of construction efficiency to meet the needs of customers with quality, and safety standards.
Apply industry best practices and international standards. To increase operational efficiency and build confidence with business partners.

Stakeholder expectations

Fair and transparent procurement and bidding.
Good partnerships and good relations in long term.
Compliance with the terms and conditions of the contract.
Payments are made on time as stated in the contract terms.
Sustainable growth and progress together.
Development, transfer, and knowledge exchanges.
Respect for rights and Non-Infringement of Intellectual Property.

Responding to stakeholder expectations

Operates under the anti-corruption policy and business ethics.
Set a policy to treat business partners with fairness. There is a transparent and verifiable process of assessing and selecting trading partners.
Set up a compliance unit responsible for contract management. to prepare appropriate and fair contract.
Follow the terms and conditions of the contract strictly and fairly.
Cooperate in the development of operations with partners and maintain a good relationship.
Promote, supervise, and develop knowledge for personnel of partners to have the skills to work according to standards and safety.
Evaluate collaboration to improve and continuously develop work.

Stakeholder expectations

Conduct business responsibly and be friendly to the society and the environment.
Community impact and safety of community and environment management.
A system to prevent and reduce pollution caused by construction operations.
Participation in community development for a growth sustainability.
Providing support, helping, promoting community activities in various fields.
Employment of the disabled and creating careers for people in the area.
Fast and efficient complaint handling.
Efficient use of resources for maximum benefit according to circular economy principles.
Playing a role in community development and environmental conservation.

Responding to stakeholder expectations

Set up a committee for sustainable development of the organization and sub-committees.
Provide channels for receiving comments and complaints suggestions and opinions.
Prepare an environmental impact assessment report in the surrounding areas of the project (EIA).
Prepare a health and safety impact analysis report on communities surrounding the project (SIA).
Build a good relationship between people in the community and the organization.
Organize communication activities and disseminate knowledge and understanding to people in the community.
Operates professionally according to international standards.
Systematic management of safety and environment.
Develop technology and innovative electrical equipment and environmentally friendly construction.
Promote and raise awareness to create an environmentally friendly operating culture.
Evaluate and survey community satisfaction for continuous improvement.

Stakeholder expectations

Compliance with relevant requirements, laws and regulations and perform better than what is required by law.
Social and environmental responsibility.
Anti-Claims for Benefits and Anti-Corruption.
Complete payment of taxes and fees as required.
Cooperation and support in various fields.
Disclosure of information with accuracy, completeness, transparency, appropriateness and timeliness.

Responding to stakeholder expectations

Conduct business under good corporate governance and in accordance with relevant laws and regulations.
Join the anti-corruption network.
Develop work processes according to requirements, recommendations received from regulators.
Disclose information with accuracy, completeness, transparency, appropriateness and timeliness.
Providing good information and cooperation when requested by the regulator.
Cooperate and support activities and operations in various aspects at the national level.

Stakeholder expectations

Good performance and continuous growth.
Business stability.
Return on investment (dividends and higher stock prices).
Good corporate governance, transparency, accountability.
Risk management and business continuity.
The business operation was successful according to its objectives and sustainable growth.
Receiving equal and fair treatment.
Disclosure of information of the company factual, accurate, complete, transparent and timely for decision-making.

Responding to stakeholder expectations

Conduct business under the principles of good corporate governance.
Develop and expand business operations to grow continuously.
Promote anti-corruption in all forms.
Risk Management and business continuity management.
Disclosure of information with accuracy, completeness, transparency, appropriateness and timeliness.