Thailand's leading industrial power producer B.Grimm Power Plc (BGRIM) has made history by being included in the S&P Global Sustainability Yearbook 2022 as a member and receiving the "Industry Mover" distinction award.
The prestigious recognition followed BGRIM's most remarkable year-on-year score improvement within the electric utilities industry.
Harald Link, BGRIM chairman and president, welcomed the news and pointed out the important role of sustainability in the business.
"At B.Grimm Power, sustainability is the core. This milestone reflects our commitment to empower the world compassionately, through sustainable business practices covering economic, environmental and social dimensions underpinned by good governance principles," said Mr Link.
The Sustainability Yearbook ranks global sustainability leaders based on the S&P Global ESG (environmental, social and governance) scores evaluated through the annual corporate sustainability assessment.
To be listed in the Yearbook, companies must score within the top 15% of their industry and achieve an S&P Global ESG Score within 30% of their industry's top-performing company.
Over 7,500 companies were assessed this year, 716 of which were recognised as Yearbook members.
Another company that received an award from S&P Global is CP Group, Thailand's biggest agribusiness conglomerate. The firm received Bronze Class status in the industrial conglomerates sector and is included in the Sustainability Yearbook 2022.
Suphachai Chearavanont, CP Group chief executive, said he is delighted his company is the only Thai organisation ranked in the Sustainability Yearbook 2022 in the Industrial Conglomerates sector, achieving Bronze Class distinction.
The accolade reflects the company's commitment to sustainability operations in all dimensions -- economy, society and the environment.
He added that CP's score has to be in the top 5-10% of the industry to achieve such a distinction.
This year, the German energy conglomerate Siemens AG ranked first, followed by SK Business Group (SK Inc), an IT business group from South Korea.
"CP Group has a moral compass to do business with the nation's best well-being at the forefront of our minds. We created this vision through our 3Hs sustainability strategy: Heart – Living Right, Health – Living Well, and Home - Living Together.
"The strategy is in line with the United Nations Sustainable Development Goals. Also, it emphasises operating in accordance with ESG guidelines, which is to conduct business that takes into account the environment, society and corporate governance," he said.