The passing of the late HRH King Bhumibhol Adulyadej or King Rama IX has brought deepest grief to the Thai citizens. As he is the father of water source management, we, executives and employees, TTW PCL, are of great awareness of His Majesty’s endless gratitude, and would like to refer to His Majesty’s royal speech given at Suan Chitralada on March 17, 1986 that said:
“…the significant principle is that water is essential for consumption and crop cultivation because this is where lives belong. If water exists, then men can exist. If there’s no water, men cannot exist. If there’s no electricity, men can exist, but it will not be the case if there’s no water…” as a guiding principle in performing duties.
“…the significant principle is that water is essential for consumption and crop cultivation because this is where lives belong. If water exists, then men can exist. If there’s no water, men cannot exist. If there’s no electricity, men can exist, but it will not be the case of there’s no water…” as a guiding principle in performing duties. There have been a number of changes during the past year in terms of economy, society and the environment, while the world economy is still in the state of stagnation from slow recovery of new markets, which lead to the impact on distribution of wealth, social and technological changes, causing impact on the way of life now and in the future. The Thai economy is said to be in the decelerated phase despite the fact that every sector is collaborating on holding activities to boost domestic consumption and export. Even the level of impact on Thailand from the severe climate change is not that big compared to other countries, the tendency of water shortage is likely to increase. In 2016, the Company had identified the operating goals in maintaining the quality of water and enhancing quality of lives under the rationale “Quality of Water, Quality of Life”, which is coherent with the Sustainable Development Goals or SGDs, enabling the Company to receive the Environmental Social Governance 2016 Awards or ESG100 in the category of ‘resource’ from Thaipat Institute.
The recognition is inclusive of Thailand’s Top Corporate Brands 2016 Awards in the category of ‘energy business and public utility’ from the Faculty of Commerce and Accountancy, Chulalongkorn University, in collaboration with the Stock Exchange of Thailand. The aforementioned awards are reflective of the Company’s dedication in operating the business that is responsible for the economy, society, the environment and all groups of stakeholders, adhering to good governance, transparency, fairness in operating the business. The Sustainability Report 2016 was developed in order to present the operating performance on sustainability of the Company for all groups of stakeholders to be acknowledged of. It is very much hoped that the philosophy, thinking, vision, processes and direction of business management for stability and long-term sustainability will be communicated to audience. In this regard, this particular Sustainability Report was written up with reference to the Global Reporting Initiative (GRI: G4), which is somehow advanced compared to that of 2015. Finally, on behalf of executives and staff members, we would like to thank valued shareholders, partners, customers and all groups of stakeholders who have been supportive of the Company’s operations all along. The Company will remain dedicated to operate the business with responsibility to the economy, society and environment, while creating shared value with stakeholders for stability and sustainability for years to come.