Sustainable Development Overview

National Power Supply Public Company Limited stands as a prominent figure in the energy and renewable energy sector, boasting over 30 years of experience in electricity generation. Guided by its mission to “being a leader in energy and renewable energy through cutting-edge, clean, and diversified technologies to foster energy sustainability for the benefit of surrounding communities, society, and the environment”, The Company upholds principles of sustainable development and good governance, prioritizing community welfare and environmental stewardship. Leveraging state-of-the-art production technologies and environmental management systems, the Company embraces clean technologies to drive its operations forward.

The Company prioritizes energy production by utilizing biomass fuel derived from agricultural waste, residues from the pulp and paper industry, and a mixed fuel combination of sub bituminous and biomass. Diversifying energy sources not only offers more options but also mitigates risks associated with overreliance on oil or natural gas, thereby enhancing the country's energy security and reducing the need for oil imports. This underscores the Company's leadership in the energy sector, paving the way for a sustainable future. Committed to its vision of "Producing and developing quality, contributing to a bright and sustainable future", the Company is dedicated in advancing energy production while adhering to efficient business practices that foster sustainable growth in tandem with society. It strives to maximize benefits for all stakeholders while maintaining a delicate balance between the economy, society, and environment through honesty, fairness, transparency, and accountability.

Sustainability Management Policy and Objectives

Recognizing the Company’s vision, the Board of Directors is actively engaged in defining objectives, goals, and corporate social responsibility policies aimed at creating sustainable value. Every employee is entrusted with fostering innovation that not only drives business growth but also delivers benefits to all stakeholders while upholding societal and environmental responsibilities. The Company remains vigilant in overseeing its management to ensure responsible business conduct. Social and environmental responsibility are integrated into the Company’s operational plans, ensuring alignment with its strategies and the roles of stakeholders throughout its operations. Furthermore, the Board rigorously oversees management to ensure efficient and effective resource management, considering all potential impacts and resource developments across the value chain to achieve its goals and objectives sustainably.

In 2023, the Company reaffirms its commitment to leadership in energy and renewable energy production, aiming to foster trust and sustainability among all stakeholders. It has devised a strategic plan and sustainable business directions aligned with the United Nations Sustainable Development Goals (UNSDGs) to bolster its capabilities, with the overarching objective of becoming the preeminent leader in the energy and renewable energy sector. Topics deemed material to the Company are shown as below: