Message from the Managing Director

Amidst the challenging circumstances in 2024, TTW Public Company Limited remains committed to operating its core businesses namely the production and maintenance of tap water systems for the Provincial Waterworks Authority (PWA), as well as the provision of tap water production and wastewater treatment services for Bangpa-In Industrial Estate, Amata City Chonburi, and Amata City Rayong. The Company upholds its mission to be “a leading expert in a completely integrated water production supply chain to deliver superior quality water and services for better quality of lives in a sustainable society.” TTW adheres to the sustainable development approach across three key dimensions: Environmental, Social, and Governance (ESG), which reinforces its competitiveness and long term growth potential.

Environmental Dimension: TTW recognizes the critical impact of climate change, including rising temperatures and sea levels, which may lead to water scarcity and natural disasters such as floods and droughts, as well as biodiversity loss. In response, the Company has adopted the concept of “Water Resilience in a Changing Climate” to ensure water security. This includes Zero-Discharge water production processes, close monitoring of water conditions in collaboration with relevant authorities, and continuous participation in water conservation and natural water quality improvement projects with government agencies and local communities. Furthermore, TTW is committed to transitioning from fossil fuels to clean energy by installing Solar Power Systems including Rooftop and Floating Solar Cells at its water production and distribution facilities, with the goal of reducing GHG emissions. The Company is targeting carbon neutrality by 2050 and net zero emissions by 2065.

Social Dimension: TTW strives to be a model organization for social responsibility by ensuring employee well-being and workplace safety, supporting learning and professional development, and fostering career advancement. The Company actively engages with communities, building strong stakeholder relationships based on mutual understanding and respect. TTW promotes equality and human rights through comprehensive Human Rights Due Diligence (HRDD) processes, identifying and mitigating potential human rights risks within its business operations. These practices align with the United Nations Guiding Principles on Business and Human Rights (UNGPs) and the Sustainable Development Goals (SDGs).

Governance Dimension: TTW recognizes the importance of conducting business in the utility sector with a commitment to enhancing quality of life and fostering sustainable well being for society. The Company emphasizes efficiency, transparency, fairness, accountability, and strict compliance with relevant laws and regulations. These efforts align with TTW’s corporate governance policy, anticorruption policy, the Corporate Governance Handbook, and the Code of Conduct. Moreover, the Company is committed to its corporate values, namely Continuous Improvement, Proactive & Initiative, and Teamwork, in order to drive business operations toward achieving its vision and mission while ensuring stakeholder satisfaction and maximizing mutual benefits. TTW is firmly dedicated to elevating its corporate governance practices to international standards, underpinned by a long term commitment to sustainable development.

TTW has been rated “Excellent” in the Corporate Governance Report of Thai Listed Companies 2024 by the Thai Institute of Directors Association (IOD) for the sixth consecutive year. The Company also achieved a perfect score of 100 points (5 stars) in the 2024 Annual General Meeting (AGM) Checklist, assessed by the Thai Investors Association. Additionally, TTW has maintained a long standing credit rating of “AA-” with a “Stable” outlook from TRIS Rating, reflecting its robust financial position and strong cash flow generation capabilities. TTW has been continuously recognized for its sustainability performance for the ninth consecutive year, being listed in the SET ESG Rating 2024 at the AA level. Furthermore, the Company received the Sustainability Disclosure Award 2024 from the Thaipat Institute for its commitment to sustainability disclosure in accordance with GRI standards for the sixth consecutive year. TTW also earned the Carbon Footprint for Organization certification from the Thailand Greenhouse Gas Management Organization (Public Organization) for the third consecutive year. In addition, TTW has participated in the S&P Global ESG Score assessment for four consecutive years, with continuous improvements in its performance scores.

On behalf of TTW Public Company Limited, we would like to express our sincere gratitude to all stakeholders for their trust and continuous support. TTW remains committed to driving sustainable business growth in accordance with good governance principles, social responsibility, and environmental stewardship moving forward toward achieving sustainable development based on stakeholder satisfaction and equitable benefit for all.

Ms. Walainut Trivisvavet

Managing Director