13 September 2021

Bangchak joins pioneer study on Internal Carbon Pricing (ICP)

Gloyta Nathalang, Executive Vice President Corporate Sustainability, Branding & Communications, Bangchak Corporation Public Company Limited, represented the company to receive the Certificate of Appreciation for its participating in a pioneering study on Internal Carbon Pricing (ICP) implementation, laying the foundations to address the various adverse effects on climate and create investment opportunities in new business to strengthen the business sector, as well as achieve emission reduction goals of Net Zero for Bangchak Group and Thailand. The program was the culmination of the “Development of Economic Mechanisms for Carbon Pricing for GHG Emissions Reduction” program organized by Thailand Greenhouse Gas Manage Organization (TGO).

Additionally Dr. Anekpracha Kaewmanee, Acting Manager of Bangchak Environmental Policy Planning and Compliance Division, joined a discussion with TGO and The Creagy, and consultant for TGO for the study of various mechanism for implementing Internal Carbon Pricing to evaluate the risks of climate change and proceed with targeted emissions reductions. Bangchak was 1 of 7 pioneer organizations to join the study from March to August 2021 to find opportunities for ICP to address climate change risks to meet emissions reductions goals, as well as increase the proportion of green business in Bangchak Group portfolio.