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PTT: Driving sustainable growth with visionary leadership

Brand Finance
13 November 2024

With a brand value of USD8.3 billion and an AAA- brand strength rating, the company ranks as the fourth most valuable brand in our ASEAN 500 2024 report. Read more about PTT's vision for sustainable growth as the company's Chief Executive Officer & President, Kongkrapan Intarajang, shares his insights.

Interview with Kongkrapan Intarajang

Kongkrapan Intarajang,
Chief Executive Officer & President

Congratulations on assuming the office of CEO recently. Can you share with us
Você pensa em levar adiante a marca da PTT, de acordo com a direção da sua liderança? “Juntos para a Tailândia sustentável” e o “mundo sustentável” enfatizam a obtenção de crescimento “sustentável” através de

PTT's new vision, “Together for sustainable Thailand, sustainable world,” embodies clear intentions. “Together for sustainable Thailand” and “sustainable world” emphasize on achieving “sustainable” growth through Sustentabilidade equilibrada, abrangendo a economia, o desempenho, a responsabilidade social e o meio ambiente. equilibrar e criar crescimento enquanto reduz os GEE. Isso inclui apoiar a economia da Tailândia e a sociedade, as PMEs e a economia geral. Fortalecer o vigor dos negócios. É também a marca mais valiosa da Tailândia pelo quarto ano consecutivo. Como a marca se adaptou às tendências e tecnologias emergentes, e como isso influenciou o posicionamento da marca da PTT no mercado? Em 2024, um "reorientado" sobre a estratégia foi realizado "de volta aos basics" para o negócio de hidrocarbonetos-força incumbente da PTT, mas com um foco renovado nas mudanças climáticas e na transição energética.

As Thailand's national energy company, PTT prioritises fortifying energy security by:

  1. Conducting business sustainably, maintaining ESG balance, and creating growth while reducing GHGs. This includes supporting Thailand's economy and uplifting society, SMEs, and overall economy.
  2. Making strategic investments that benefit both PTT and Thailand, adapting to global changes, and venturing into new opportunities while divesting from non-performing businesses.
  3. Ensuring transparency and diligent corporate governance to instill confidence.
  4. Fostering collaboration within the PTT Group to strengthen business vigour.

This vision, with its aligned management principles, ensures PTT remains a strong, world-leading organisation, enhancing its reputation globally.

PTT lays claim to the distinction of being the only Thai brand listed among the world’s most valuable brands in our rankings this year. It is also Thailand’s most valuable brand for the fourth consecutive year. How has the brand adapted to emerging trends and technologies, and how has this influenced PTT’s brand positioning in the market?

In a fast evolving landscape, PTT faces challenges that compel it to reassess its strategies. In 2024, a “refocus” on strategy was conducted by going “back-to-basics” to the Hydrocarbon Business – PTT’s incumbent strength, but with a renewed focus on climate change and energy transition.

O crescimento no negócio de hidrocarbonetos deve ocorrer em conjunto com a redução de gases de efeito estufa, com hidrogênio e captura e armazenamento de carbono (CCS) desempenhando um papel importante no apoio à descarbonização do grupo. Isso oferece a oportunidade de transformar os negócios fundamentais da PTT, muito essenciais para a força econômica da Tailândia, tornando-os competitivos a longo prazo. A PTT optou por investir em empresas atraentes com “direito a jogar”, onde a PTT tem força inerente, parceiros fortes ou esquemas claros de geração de lucros. A digitalização é utilizada para aprimorar a eficiência operacional e incentivar os funcionários a estarem prontos para a mudança. 2050?

Concurrently, non-hydrocarbon businesses have undergone strategic reviews amidst intense competition and evolving markets. PTT has chosen to invest in attractive businesses with “right-to-play”, where PTT has inherent strength, strong partners, or clear profit-generating schemes.

Furthermore, strategies were developed to enable the organisation to be leaner. Digitalisation is utilised to enhance operational efficiency and encourage employees to be ready for change.

Though rooted in Thailand, PTT can expand globally by refining strategies and fostering transparent communication, elevating its global position, trust, and integrity.

How does PTT's sustainability strategy align with its business goals, and what specific actions is the company taking to achieve its net zero emissions target by 2050?

PTT acentua a sustentabilidade em seus negócios, integrando a sustentabilidade com o equilíbrio ESG em práticas comerciais alinhadas com as metas de desenvolvimento sustentável da ONU.

PTT has targeted Net Zero in 2050 and, Através da coordenação interna ativa, está envolvendo nossa estrutura de sustentabilidade para mapear papéis claros, utilizando os principais pontos fortes de cada empresa do grupo e unificando-os para a consecução das metas de sustentabilidade. Redução e crescimento dos negócios. e tecnologia de redução de gases de efeito estufa. Conduzir o crédito de carbono utilizando a tecnologia CCS e aumentando a absorção de CO2 através de métodos naturais. Marcas

The PTT Group can achieve Net Zero through 3 approaches:

  1. Climate-resilient business: Tailoring investment portfolios and business infrastructure to achieve carbon reduction and business growth.
  2. Carbon-conscious assets: Improving efficiency through technology, energy consumption reduction, and increasing utilisation of alternative/clean energy such as hydrogen.
  3. Coalition, co-creation, and collective efforts for all: Coordinate and collaborate with stakeholders as the country’s core entity in the development of infrastructure and greenhouse gas reduction technology. Conduct carbon crediting utilising CCS technology and augmenting CO2 absorption through natural methods.

PTT is unwaveringly committed to ensuring energy security for Thailand and is ready to usher Thailand towards the Net Zero target

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