Page 279 - Social Enterprise A New Business Paradigm for Thailand

(targeted for 2019–2023). PTT also established a policy stipulating that donation-based support
must not exceed 30%, while CSR and SE combined must account for no less than 70%.

Table 9.2

Management Approach under the Social Value Creation Policy of PTT Public Company Limited

2022 2023
Plan/Activity
Target Outcome Target Outcome

1) Support for At least 1–3% of 1,086.4 million 1,179.37 million 1,018.79
budgeting and operating profit THB (1.66% of THB million THB
participation in (Target for 2020– operating profit) (1.08% of
social projects 2024) operating
profit)
2) Cultivating a Encourage first- Number of first- 550 people 965 people
volunteer spirit time employee time employee
within the participation in participants in
organization volunteer volunteer
activities activities: 850
3) In-kind and – 462.8 million – 303.31 million
service THB THB
donations

4) – 67.8 million THB – 86.7 million
Management THB
costs for social
activities

Note: This particular plan, which the company classifies as social investment, consists of three components: (1)
Donation, (2) Corporate Social Responsibility (CSR), and (3) Social Enterprise (SE).
Source: Table constructed by using data from
https://www.pttplc.com/th/Sustainability/Social/Corporatecitizenship.aspx

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