Khun Pakkapol Moderator in the Opening Panel Discussion of the World Sustainability Forum Awards

The World Sustainability Forum held its 10th Global Sustainability Leadership Awards 2023 in Le Meridien, Mauritius. Our very own Khun Pakkapol, Executive Vice President, Finance of TPI Polene Power (TPIPP) was moderator in the opening session The 4 Cs of Sustainability: Collaboration, Control, Communication & Commitment. Joining in the panel discussion were the C-Suite leaders representing various field of interests; in apparel manufacturing and retail, water utilities, solutions provider in clean and green technologies & institute of higher learning.

 World Sustainability Forum is a non-profit organization whose mission is to accelerate a just, humanitarian, and prosperous transformation to sustainable development. We are proud to be an active part in the ongoing effort and discourse to advance the agenda of global sustainability in an equitable manner.

 

TPI Polene Power Plc – receives the award from the World Business Outlook as the Best Renewable Energy Power Plant in Thailand 2023 in the ceremony held at the  Bangkok Marriott Marquis Hotel on the 25th of November. As Khun Pakkapol, Executive Vice President, Finance said in the interview, the award is the fruit of years of hard work and unwavering commitment to Green Energy and Sustainability. The effort continues as we advance our medium term agenda to be fossil-free by 2026. We thank all our stakeholders, our management and employees for the all the support and sharing with us our sustainability goals.

 

 

Today, attention should be given to the discussion between the Ministry of Finance and FETCO, focusing on preparations to launch a new type of tax relief fund. This fund will prioritize ESG factors (ESG Fund). Investment strategy recommendation: Select stocks with robust profit growth and high ESG ratings. Source: MST*


Investment Merits: TPIPL/TPIPP

ESG and Sustainability
TPIPL and TPIPP are among the 53 companies that were rated by the SET AA Both companies also received 5-Star CG rating among 68 companies Despite difficult operating conditions both TPIPL and TPIPP delivered resilient performance in 9M2023 TPIPL and TPIPP intensively pursues innovation to meet its ESG and Sustainability objective TPIPP sits on a sizable amount of carbon credits (>1.0 million) that can be monetized when carbon market opens TPIPP has also accumulated increasing number of I-REC credits (>1.0 million) TPI PL Group’s five year capex plan to improve plant operations peak this year

Both companies are cheaply valued TPIPL now trades at 6.9x PE and has dividend yield of 7.25% trailing basis one of the handful companies on the SET whose Yield is higher than its PE (nominally speaking) TPIPP now trades at 8.15x PE and has dividend yield of 7.27%

TPI Polene Public Company Limited and TPI Polene Power Public Company Limited have received “2023 SET ESG Ratings: AA” Corporate Sustainability Assessment from the Stock Exchange of Thailand.  This emphasizes the strong intension of business operations to continuously develop towards corporate sustainability  with full responsibilities to stakeholders by taking into account of Environmental, Social and Governance criteria (ESG), reflecting the Company's ability to achieve the Company's ESG performance to show investors its growth potential, competitiveness to generate good and sustainable returns in the long term investment.     

  1. TPIPL and TPIPP have chieved "Excellent CG Scoring, a 5-star corporate governance assessment"
  2. TPI Polene Plc receiving award as the Best Corporate Governance Company in Thailand 2023
  3. TPI Group sweeps citations in ASIA’S GREATEST BRANDS & LEADERS 2022-2023

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