PTT Public Company Limited | APEA - Asia Pacific Enterprise Awards Asia Pacific Enterprise Awards
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CORPORATE EXCELLENCE CATEGORY

PTT Public Company Limited

Information about the Company
PTT Public Company Limited (PTT)’s business involves an integrated supply chain of energy, from upstream to downstream. The main operations include the Natural Gas Unit (provides supply, wholesale and retailing, distribution of natural gas, gas separation, NGV), the International Trading Business Unit (supply procurement, import, export, international trading of assorted products), and the New Business Infrastructure Group. Other investments are through its subsidiaries; in exploration and production by PTTEP, liquefied natural gas by PTTGL and PTTLNG, petrochemical and refinery by PTTGC, TOP, and IRPC, oil and retails by PTTOR, power, and utilities by GPSC, and coal business which is in the process of divestment.

Recently, PTT has transformed its vision from “Thai Premier Multinational Energy Company” to “Powering Life with Future Energy and Beyond” to reflect the achievement of the original vision where PTT is ranked among the Fortune 500, DJSI, and also is a recipient of international awards.

PTT’s mission is to conduct integrated energy and petrochemical business as the nation's energy company whose mission is to balance stakeholders while recognizing their difference in needs and expectations. The company has the Aspiration of Powering Thailand’s transformation through Partnership and Platform, Technology for All, and Transparency and Sustainability.

Company Culture & Company Activities
PTT defines its core values for uniform work behaviors as “SPIRIT”; S: Synergy - Synchronize through partnership, P: Performance Excellence - Agile for excellence, I: Innovation - Invent future growth through innovation, R: Responsibility for Society - Reach sustainability with a green economy and social care, I: Integrity & Ethics - Embed integrity and ethics to enhance good corporate citizenship, T: Trust & Respect - Tune-up trust through empowerment and respect.

PTT applies the core values in serving the communities and the country by using its expertise and resources. In light of the Covid-19 pandemic, PTT set up the “PTT Group Giving Breath” project to field hospitals, and procure medical supplies, medicine, and food. To support the country’s economic recovery, PTT launched the “PTT Group Restart Thailand” to boost employment by hiring new graduates and other positions through various investment projects. To ensure the viability of local communities, PTT also started “Smart farming” using technology to improve crops and their income, and “Smart Marketing”, an online platform to promote their products and services. The latest “Virtual Run” campaign promotes online engagement activity for all Thais by collecting the running distance of the participants and turning it into scholarships for students in need.
Achievements & Impact
Currently, PTT has 38 offices in Thailand and 8 offices overseas in Singapore, Malaysia, UAE, the U.S.A., and the U.K. The number of employees to date is approximately 3,500. From 2018-2021, PTT’s employee turnover rate has reduced annually from 1.91% to 0.82%. For many years, the company has significantly contributed to the country in form of income tax and dividends toward the Vayupak Fund and the Ministry of Finance.

To achieve sustainable growth, PTT has a strategic workforce planning for short, medium, and long terms. PTT continuously reskills and upskills employees in core and new business while allowing the employees to relocate to the “Future Energy and Beyond” business. Since strategic partnership is critical for the success of the new business, the company owned 100% by PTT such as Innobic has a composition of current PTT executives and high-level experts in the medical field as a Board of Directors. PTT also recruit external mid-career experts in order to acquire their knowledge while developing the existing employees’ skills. For overseas expansion, PTT places importance on the readiness of the employees who will relocate outside Thailand by providing knowledge on cultures and lifestyles as well as recruiting local staff to assist day-to-day operations.

Future Direction
As the company is expanding, human capital development is a key factor in driving business competitiveness toward the organization’s vision and mission. PTT has identified strategic objectives to manage human resources through sufficient potential director pool to support business growth by developing management leadership skills suitable for both current and future position requirements; sufficient potential employee pool to achieve business direction by selecting a talent pool of capable employees and enhancing skills for future executive positions through the career management program; high potential employees by developing employees to support business expansion in core and new capabilities through PTT’s Leadership and Learning Institute and the Functional Academy of each career path; highly engaged employees by enhancing workforce engagement by analyzing engagement survey results and setting up plans for Corporate Policy Focus, process, and system improvement to suit the needs and expectations of employees in each business line; highly capable HR and effective service delivery by building the capacities of executives and HR officers to respond effectively to short and long-term business requirements.

CORPORATE EXCELLENCE CATEGORY

PTT Public Company Limited

Information about the Company
PTT Public Company Limited (PTT)’s business involves an integrated supply chain of energy, from upstream to downstream. The main operations include the Natural Gas Unit (provides supply, wholesale and retailing, distribution of natural gas, gas separation, NGV), the International Trading Business Unit (supply procurement, import, export, international trading of assorted products), and the New Business Infrastructure Group. Other investments are through its subsidiaries; in exploration and production by PTTEP, liquefied natural gas by PTTGL and PTTLNG, petrochemical and refinery by PTTGC, TOP, and IRPC, oil and retails by PTTOR, power, and utilities by GPSC, and coal business which is in the process of divestment.

Recently, PTT has transformed its vision from “Thai Premier Multinational Energy Company” to “Powering Life with Future Energy and Beyond” to reflect the achievement of the original vision where PTT is ranked among the Fortune 500, DJSI, and also is a recipient of international awards.

PTT’s mission is to conduct integrated energy and petrochemical business as the nation's energy company whose mission is to balance stakeholders while recognizing their difference in needs and expectations. The company has the Aspiration of Powering Thailand’s transformation through Partnership and Platform, Technology for All, and Transparency and Sustainability.

Company Culture & Company Activities
PTT defines its core values for uniform work behaviors as “SPIRIT”; S: Synergy - Synchronize through partnership, P: Performance Excellence - Agile for excellence, I: Innovation - Invent future growth through innovation, R: Responsibility for Society - Reach sustainability with a green economy and social care, I: Integrity & Ethics - Embed integrity and ethics to enhance good corporate citizenship, T: Trust & Respect - Tune-up trust through empowerment and respect.

PTT applies the core values in serving the communities and the country by using its expertise and resources. In light of the Covid-19 pandemic, PTT set up the “PTT Group Giving Breath” project to field hospitals, and procure medical supplies, medicine, and food. To support the country’s economic recovery, PTT launched the “PTT Group Restart Thailand” to boost employment by hiring new graduates and other positions through various investment projects. To ensure the viability of local communities, PTT also started “Smart farming” using technology to improve crops and their income, and “Smart Marketing”, an online platform to promote their products and services. The latest “Virtual Run” campaign promotes online engagement activity for all Thais by collecting the running distance of the participants and turning it into scholarships for students in need.
Achievements & Impact
Currently, PTT has 38 offices in Thailand and 8 offices overseas in Singapore, Malaysia, UAE, the U.S.A., and the U.K. The number of employees to date is approximately 3,500. From 2018-2021, PTT’s employee turnover rate has reduced annually from 1.91% to 0.82%. For many years, the company has significantly contributed to the country in form of income tax and dividends toward the Vayupak Fund and the Ministry of Finance.

To achieve sustainable growth, PTT has a strategic workforce planning for short, medium, and long terms. PTT continuously reskills and upskills employees in core and new business while allowing the employees to relocate to the “Future Energy and Beyond” business. Since strategic partnership is critical for the success of the new business, the company owned 100% by PTT such as Innobic has a composition of current PTT executives and high-level experts in the medical field as a Board of Directors. PTT also recruit external mid-career experts in order to acquire their knowledge while developing the existing employees’ skills. For overseas expansion, PTT places importance on the readiness of the employees who will relocate outside Thailand by providing knowledge on cultures and lifestyles as well as recruiting local staff to assist day-to-day operations.

Future Direction
As the company is expanding, human capital development is a key factor in driving business competitiveness toward the organization’s vision and mission. PTT has identified strategic objectives to manage human resources through sufficient potential director pool to support business growth by developing management leadership skills suitable for both current and future position requirements; sufficient potential employee pool to achieve business direction by selecting a talent pool of capable employees and enhancing skills for future executive positions through the career management program; high potential employees by developing employees to support business expansion in core and new capabilities through PTT’s Leadership and Learning Institute and the Functional Academy of each career path; highly engaged employees by enhancing workforce engagement by analyzing engagement survey results and setting up plans for Corporate Policy Focus, process, and system improvement to suit the needs and expectations of employees in each business line; highly capable HR and effective service delivery by building the capacities of executives and HR officers to respond effectively to short and long-term business requirements.