PTT Public Company

InfluenceMap Score
for Climate Policy Engagement
D
Performance Band
45%
Organization Score
55%
Relationship Score
Sector:
Energy
Head​quarters:
Bangkok, Thailand
Official Web Site:

Climate Policy Engagement Overview: PTT Public Company had low engagement with climate change policy in 2021-23. The company supports Thailand's long-term emissions reduction target, but its top-line messaging and positions on other climate regulations are generally unclear.

Top-line Messaging on Climate Policy: PTT Public Company’s top-line messaging regarding climate science and policy is unclear. On its corporate website, accessed in April 2023, the company appeared to imply an uncertain link between its oil and gas activity and climate impacts. However, in an August 2021 article on NASDAQ, PTT Public Company CEO Auttapol Rerkpiboon acknowledged that “fossil fuels are contributing to climate change”. In its 2022 CDP response, the company stated that it supports Thailand’s national GHG ambition with no exceptions. PTT Public Company’s position on the need for other climate regulation is unclear, with the company stating on its corporate website that it is seeking to “elevate climate change solutions in line with national policies”.

Engagement with Climate-Related Regulation: InfluenceMap has not been able to locate public evidence of PTT Public Company’s engagement with policy on carbon pricing, energy efficiency and renewable energy. In its 2021 CDP response the company stated that it supports mandatory carbon reporting with major exceptions, but did not specify these exceptions.

Position on Energy Transition: PTT Public Company’s engagement on the energy mix has been limited in 2021-23. In its 2022 Annual Report published in March 2023, the CEO appeared supportive of Thailand's decarbonization efforts and shift towards a "low carbon society".

Industry Association Governance: PTT Public Company discloses its membership and role with multiple Thai industry associations on a dedicated page of its corporate website. However, the company's disclosure on its industry associations is limited to top-line climate statements without reference to specific climate policies. In addition, the company has not disclosed that its subsidiary PTTEP is a member of the International Association of Oil and Gas Producers (IOGP), which is actively and negatively engaged in climate policy, supporting infrastructure and investment that will lock in unabated fossil fuels in a March 2023 letter. The company has not published a review of its alignment with its industry associations.

InfluenceMap collects and assesses evidence of corporate climate policy engagement on a weekly basis, depending on the availability of information from each specific data source (for more information see our methodology). While this analysis flows through to the company’s scores each week, the summary above is updated periodically. This summary was last updated in Q3 2023.

Additional Note: PTT is headquartered in Thailand, where InfluenceMap’s LobbyMap platform can currently only make a provisional assessment of corporate climate policy engagement, due to limited capability to access publicly available data on this issue. As it is possible that InfluenceMap is not yet able to fully capture evidence of PTT's climate policy engagement activities, these scores should be considered provisional at this time.

In addition, PTT is a listed company with more than 50% of its shares owned by the government of Thailand. State-owned enterprises likely retain channels of direct and private engagement with government officials that InfluenceMap is unable to assess, and therefore are not represented in PTT's engagement intensity metric.

QUERIES
DATA SOURCES
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Strength of Relationship
STRONG
 
 
 
 
 
 
 
WEAK
 
58%
 
58%
 
47%
 
47%

How to Read our Relationship Score Map

In this section, we depict graphically the relationships the corporation has with trade associations, federations, advocacy groups and other third parties who may be acting on their behalf to influence climate change policy. Each of the columns above represents one relationship the corporation appears to have with such a third party. In these columns, the top, dark section represents the strength of the relationship the corporation has with the influencer. For example if a corporation's senior executive also held a key role in the trade association, we would deem this to be a strong relationship and it would be on the far left of the chart above, with the weaker ones to the right. Click on these grey shaded upper sections for details of these relationships. The middle section contains a link to the organization score details of the influencer concerned, so you can see the details of its climate change policy influence. Click on the middle sections for for details of the trade associations. The lower section contains the organization score of that influencer, the lower the more negatively it is influencing climate policy.