PTT is a majority state-owned company headquartered in Thailand. In 2022 its revenue was USD 96.4 billion. PTT is a publicly listed integrated oil and gas company engaged in petroleum exploration and production, refining, and petrochemicals. PTT operates domestically and overseas. In 2022, PTT divested all of its investment in coal. PTT has recently launched a USD 7 billion plan to produce 225,000 tonnes per year of hydrogen from renewable sources (green hydrogen).
- Ranking position
- #16 /99
- Total score
- 25.4 /100
- ACT
- 10.6 /60
- Core social indicators
- 13.5 /20
- Just transition
- 1.3 /20
- Performance score
- 2.4 /20
- Narrative Score
- ABCDE
- Trend Score
-
- Trend line is up
- Trend line is equal
- Trend line is down
ACT score components
Act Assessment
Leading Practices
No leading practices were identified for this company.
Risks and Opportunities
Trend
PTT receives a trend score of -. If the company were reassessed in the near future, its score would likely decrease. PTT’s scope 1, 2, and 3 emissions intensity remained relatively static between 2017 and 2021. This is not in-line with the approximate 4% reduction it would need to align with its 1.5°C decarbonisation pathway. However, PTT has recently divested its coal assets. PTT has not identified any profitable business models outside of its high-carbon activities. To align with a 1.5°C pathway, PTT needs to commit more capital to diversifying its current portfolio.
Progress towards the Paris Agreement
Social assessment
Core Social Assessment
See results for
More about the company
- Headquarters
- Bangkok, Thailand
- Ownership
- Majority state-owned
- Revenue
- USD 96.4 billion
- Employees
- 33,781
- Website
- https://www.pttplc.com/en/Home.aspx