Significance

With an aim to operate business for the greatest benefit of shareholders, investors, customers, business partners, communities, and all groups of stakeholders, BPP is committed to running its business in alignment with the CG and Code of Conduct principles. Subsequently, BPP puts the utmost efforts to create business growth with sound return, along with conducting business with honesty, integrity as well as adhering to morality and ethics. It also operates business based on the operational guidelines according to laws and regulations related to business operations both within the country and abroad. Moreover, BPP supports the creation of good conscience in order to be an organization operating business efficiently and transparently, including driving the organization towards the sustainability leader in the CG area.

Management Approach

BPP determines that the Governance and Nomination Committee is responsible for regularly setting up and reviewing the CG policy and Code of Conduct manuals, including the anti-corruption policy developed in accordance with the “Corporate Governance Report for Thai Listed Companies (CGR),” the “Thai Private Sector Collective Action Against Corruption,” and the Principles of Corporate Governance by the Organization for Economic Co-operation and Development (OECD), inclusion of the international criteria for sustainability assessments. The aim is to create maximum benefits to shareholders and stakeholders and in alignment with CG principle of the Securities and Exchange Commission. BPP’s CG operation procedures include:

1. Specifying policies and reviewing CG processes.
2. Setting up objectives and action plan.
3. Implementing policies and guidelines.
4. Promoting practices creating employees’ awareness and understanding.
5. Following up performance in accordance with goals and making improvements by reporting the results to the Governance and Nomination Committee every quarter and the Board of Directors every 6 months.
6. Evaluating compliance with the corporate governance policy every year.

In addition, BPP organizes the training and communicates about CG and anti-corruption to its executives and employees, including arranging the knowledge test in order to create awareness and promote understandings regarding operating in accordance with the CG principle. Besides, BPP strives towards fighting against all forms of corruption by adhering to the practice guidelines related to accepting and offering of gifts, hospitality, or other similar forms of reward so as to be a clear guideline for operating business with honesty, transparency, and accountability. BPP has been consecutively renewed as a member of the Thai Private Sector Coalition Against Corruption (CAC) in the 4th quarter of 2022, for a period of 3 years.

 

 

Performance

• Improving the Anti-Corruption Policy by heightening its standards in accordance with the international ones, and in line with the principles of the Thai Private Sector Collective Action Against Corruption (CAC). The definition has been added to make it clearer, while policies relevant to bribery, charitable donations, financial support, contributions for politics and governmental officials, convenience fees, conflict of interest, including specifying protection measures for those who refuse any practices leading to corruption, have been enforced. BPP is in the process of preparing for CAC membership renewal for the second time in the 4th quarter of 2025.
• Assessing corruption risks, including developing preventive measures for the year 2024, covering every business unit in all countries, in which BPP has invested, at both subsidiary and joint venture levels. This was carried out in accordance with CAC assessment principle, which considers likelihood and impact possibly arising so as to determine measures to control, prevent, and reduce impacts resulted from such risks.
• None of significant incidents associated with corporate governance.
• Receiving the “Excellence CG Scoring” for the fifth consecutive year from the 2024 corporate governance survey of listed companies carried out by the Thai Institute of Directors Association (IOD).
• Receiving 100% Scores from the assessment titled “Intensively Tutoring, Receiving 100 Scores,” or “Tiwkhem Hai Temroi” in Thai, which was organized by the Thai Investors Association.
• Requiring executives and employees to report personal data and items potentially having conflict of interest (Conflict of Interest Report).

In addition, BPP has cultivated a culture of ethical operation by specifying the ethics as one of the corporate core values and one of the key performance indicators (KPIs) of all executives and employees. Various activities have been continuously arranged to promote knowledge and create awareness regarding business ethics as follows:

• Organizing training on corporate business ethics for newly hired employees, with 100% of attendances.
• Arranging a knowledge test relevant to corporate governance and business ethics, of which policies were 100% accepted by executives and employees.
• Promoting knowledge and practices for employees in accordance with the corporate governance policy and code of conduct manual through E-learning and E-testing systems provided on BPP’s B-SUCCESS platform.
• The 2024 corporate culture survey results conducted with employees found that the “Adhere to Integrity and Ethics,” one of the attributes of “Committed” core value was at a satisfactory level.
• Continuing proceeding according to the practice guidelines regarding accepting and offering of gifts, hospitality, or other similar forms in accordance with the “No Gift Policy,” while communicating the Anti-Corruption Policy to directors, executives, and employees across the organization, including stakeholders in order to apply such policies to tangible actions.
• Organizing an internal communication activity titled “CG Whistle Guard,” with an aim to create awareness and understanding about business ethics, whistleblowing policy, and whistleblower protection. This will be a tool to prevent violations and non-compliance with policies and best practice guidelines, including preventing impacts on the organization and employees. BPP encourages its employees to comply with the CG policy and Code of Conduct Manual through activities to promote understanding and awareness as follows:
  • Communicating in the form of VDO Podcast every Friday via the program called “Friday Morning News Program” so as to make executives and employees well aware of the CG principles.
  • Organizing the “Interactive E-mail” communication under the topic of “CG Whistle Guard,” by presenting information relevant to Whistleblower Policy.
  • Organizing a CG Day activity on 7 October 2024, with the objective to create awareness and support compliance with CG principles of Banpu Group. At the event, various activities were arranged to create participation and understanding of CG principles. A special lecture on the topic of “Anti-Corruption Reform for Effective Governance” was conducted by Assistant Professor Dr. Torplus Yomnak to provide knowledge, ideas, and experiences to executives and employees across the organization.

 

Key Activities and Projects

 

เอกสารดาวน์โหลด

Corporate Governance Policy and Code of Conduct

Anti-Corruption Policy