Message from Chairman TTW Board of Directors
Message from Chairman
The year 2024 has been a challenging one for Thailand in many aspects - economic issues affecting people's livelihoods, political instability, and ongoing social changes.
However, the resilience of Thai people and the nation has enabled us to navigate these difficulties and move forward. Some challenges have been resolved, while others still require solutions. Every event serves as a valuable lesson, teaching us to learn, fight, and persevere as we embark on new beginnings.
For TTW, this past year has been a period of improvement in our water supply services in the Samut Sakhon-Nakhon Pathom area, in collaboration with the Provincial Waterworks Authority (PVVA). This partnership has enhanced water distribution efficiency and expanded service coverage in high-growth urban and population areas. Our goal has always been to deliver "quality tap water" that is "sufficient" and "continuous" to all consumers. This effort also supports and strengthens businesses, industries, tourism, and "Small and Medium Enterprises" (SMEs), helping them move forward, enhance their competitiveness, generate income, and revitalize the economy. Our company's stable performance is reflected in key indicators recognized by various regulatory as follows:
In Corporate Governance, TTW received an "Excellent" rating for the sixth consecutive years in the Corporate Governance Report of Thai Listed Companies 2024, issued by the Thai Institute of Directors Association. Additionally, we achieved a perfect 100-point score (5 stars) in the 2024 Annual General Meeting (AGM) Checklist, assessed by the Thai Investors Association.
In Financial Performance, TTW maintained its corporate and issue credit rating at "AA-" with a "Stable" outlook, as assessed by TRIS Rating, reaffirming our strong financial position and robust cash flow generation. Moreover, the company was recognized with the "Outstanding Company Performance Award" under the "Business Excellence" category (Market capitalization between THB 30-100 billion) at the SET Awards 2024.
In Sustainability, TTW continues to be listed on the SET ESG Index and has achieved an AA rating in the SET ESG Rating by the Stock Exchange of Thailand. Additionally, we received the Sustainability Disclosure Award 2024 from the Thaipat Institute for the sixth consecutive year. The company also obtained certification for its Carbon Footprint for Organization (CFO), measuring greenhouse gas emissions from both direct and indirect activities an important step reflecting our commitment to sustainable development in environmental, social, and governance (ESG) dimensions.
Furthermore, TTW has been certified as a Climate Action Leading Organization (CALO) by the Thailand Carbon Neutral Network and has joined a network of over 600 leading organizations actively working to reduce greenhouse gas emissions. Our commitment aligns with both Thailand's and the global community's objectives in tackling climate change through comprehensive solutions, transitioning towards clean energy, and striving for Carbon Neutrality and Net-Zero Emissions by 2050 and 2065, respectively.
The company remains confident in its capabilities and readiness to support all stakeholders in line with our mission "To grow on firm, continuous and sustainable basis in order to accomplish our vision through the balance of interests among customers, employees, business partners, shareholders, communities and environments"
On behalf of the Board of Directors, management, and employees of TTW Public Company Limited, I sincerely thank our shareholders, business partners, suppliers, communities, and all stakeholders for their continued trust and support in TTW. I believe that opportunities remain abundant in Thailand, and I look forward to seeing our country and its people thrive with brighter smiles and improved well-being. That is my heartfelt hope for all Thais.
Dr. Thanong Bidaya
Chairman of the Board of Directors
