Page 280 - Social Enterprise A New Business Paradigm for Thailand

Box 9.4: Budget Allocation for Social Investment by PTT Public Company Limited in 2023

PTT states in its corporate social responsibility strategy that it operates across two
dimensions: “(1) enhancing the quality of life in communities and society through human
and community development, and (2) driving toward a low-carbon society by promoting
conservation and restoration of natural resources and the environment.” However, a closer
examination shows that these initiatives align with all three dimensions of the Sustainable
Development Goals (SDGs). PTT has selected SDGs that closely reflect its business model,
allowing the company to optimize its contributions in the following areas: under the
economic dimension, it supports Goals 1, 2, 4, and 12; under the environmental dimension,
Goals 6, 7, 14, and 15; and under the social dimension, Goals 8 and 17. (All ten selected
goals are clearly displayed on the company’s website under its social responsibility section.)

PTT Social Investments 2023 Social Enterprise (SE) model – 1.56%
Social Enterprise, • Involves collaboration with affiliated companies
1.56%
to establish Sarn Palung Social Enterprise Co.,
Ltd., which implements various community,
social, and environment-related projects.
• Utilizes San Palung’s mechanisms to support
other social enterprises or startups that propose
Donation, innovations for social and environmental
26.83%
impact.

Donation-based Support – 26.83%
• Includes public health support, such as
Project-based
CSR, 71.61% donating for the construction of hospital
buildings etc.

Project-based Corporate Social Responsibility (CSR) – 71.61%
•
Kamnoetvidya Science Academy (KVIS): A science- and technology-focused secondary school
established in 2015.
• Vidyasirimedhi Institute of Science and Technology (VISTEC): A postgraduate research institute
emphasizing science and technology, featuring cutting-edge research centers.
• Educational development initiatives for PTT Group’s network of schools.
• PTT Art Gallery @ Baan Chao Phraya: An initiative to support the arts and culture.
•
• Support for youth development through sports programs.
"Innovation for Smiles" by PTT Group: A program aimed at developing community by utilizing the

• expertise of PTT. This includes Smart Farming, Smart Marketing, Community-based Tourism.
Clean energy for community such as biogas from swine farms.
•
Establishing the Reforestation and Ecology Institute.
Source: Compiled from the Sustainability Reports of The Siam Cement Public Company Limited (SCG), 2001–2021.

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