Bangchak Corporation Public Company Limited has been recognized as a winner of the Green Leadership category at the Asia Responsible Enterprise Awards 2024, organized by leading entrepreneurial NGO, Enterprise Asia. Presented by leading regional NGO Enterprise Asia, an award from the AREA serves as a badge of excellence to spur further innovation and best-practice sharing. Companies that are green leaders embrace principles and practices that prioritize environmental sustainability, social responsibility, and economic viability.
Bangchak Corporation Public Company Limited (Bangchak) adopted the BCP 316 NET Plan to drive the development of a low-carbon society. The Plan emphasizes tangible processes and long-term results. As part of the Plan, the “Carbon Markets Club” was established by 11 founding members, led by Bangchak and the BCPG Public Company Limited in June 2021.
The “Carbon Markets Club” aims to develop and promote a marketplace for carbon credits and Renewable Energy Certificates (REC) trading in Thailand and abroad to help participating members achieve their goals of using renewable energy and reducing greenhouse gas emissions.
The “Carbon Markets Club” achieves its vision through raising public awareness, fostering collaboration, and developing carbon trading tools and CFO. The “Carbon Markets Club” also works with various partners to track the carbon emissions for events and individuals while offsetting with carbon credits to make such events and individuals “carbon neutral”. It has been instrumental in implementing Carbon Neutrality on all fronts, including 27 events, 48 executives, 3 athletes, and 8 guest speakers, totaling more than 3,000 tons of carbon dioxide equivalent.
As one of the first corporate-driven clubs, there is a growing number of people who believe in the sustainable coexistence of business and the environment. It currently has more than 1,000 individual and organizational members.
Bangchak has taken great strides in raising the expected conventional standard of sustainability for business operations. Its dedication to becoming a top enterprise has positioned itself as a role model for other corporations, demonstrating how to operate with a focus on long-term sustainability.
The “Carbon Markets Club” recognizes its role in championing and advancing energy transition towards a sustainable and low-carbon society. Through this comprehensive approach, the “Carbon Markets Club” endeavors to ignite vital dialogues, heighten public awareness, and empower individuals to navigate their lifestyles optimally amidst this transformative epoch.
About Enterprise Asia
Enterprise Asia is a non-governmental organization in pursuit of creating an Asia that is rich in entrepreneurship as an engine toward sustainable and progressive economic and social development within a world of economic equality. Its two pillars of existence are investment in people and responsible entrepreneurship. Enterprise Asia works with governments, NGOs, and other organizations to promote competitiveness and entrepreneurial development, uplifting the economic status of people across Asia and ensuring a legacy of hope, innovation, and courage for future generations. Please visit https://www.enterpriseasia.org/ for more information.
About Asia Responsible Enterprise Awards (AREA)
The Asia Responsible Enterprise Awards program recognizes and honors Asian businesses for championing sustainable and responsible entrepreneurship in the categories of Green Leadership, Investment in People, Health Promotion, Social Empowerment, Corporate Governance, Circular Economy Leadership, Corporate Sustainability Reporting, and Responsible Business Leadership. For more information, visit https://enterpriseasia.org/area/.
