PTT cooperates with allies Both campaigning for the safety of NGV vehicles and making derivative contracts to hedge risks linked to carbon credits. capital market innovation Meet the needs of a zero carbon emission organization.
Mr. Chiruit Wisalchit, Director-General of the Department of Land Transport and Mr. Wuttikorn Sathit, Chief Operating Officer, Upstream Petroleum and Natural Gas Business Group, PTT Public Company Limited, attended the signing ceremony of the Memorandum of Understanding for Cooperation on the Safety Campaign Project. NGV vehicles are integrated to link the inspection and testing information of NGV vehicles in PTT's NGV service stations across the country, and there will be an inspection of NGV vehicles together to be considered for awarding NGV vehicle inspectors who Continue the excellent work of the year. Strengthen the driver's attitude to be aware of the safety of using the car. Reduce road accidents and participating in the "Safety Campaign" activity, which is a project to provide free checks of NGV equipment and components throughout the year 2023, including launching a nationwide safety campaign according to the plan Each quarter will release PR according to the theme, for example, in the first quarter, PR will be issued on the theme: "No, no sticker added, that's important."
In addition, PTT has signed an agreement with Krung Thai Bank and PTT International Trading, Singapore. In entering into derivative contracts to hedge risks linked to carbon credit or Carbon Credit Linked Derivatives, a new innovation of the Thai capital market. This meets PTT's financial risk management needs, as well as promoting greenhouse gas emission reduction goals of both companies. It will also help develop a domestic inter-company carbon credit trading market whereby PTT International Trading will act as a provider of standardized carbon credits to be used to reduce greenhouse gas emissions in future activities. Achieving PTT's ESG goals
PTT International Trading operates carbon credit trading in both Over The Counter and Exchange markets. It will be a model for developing carbon credit contracts linked to derivatives for financial hedging or other commercial products.
PTT Group is committed and ready to be an important force in cooperation with various organizations. in driving the country towards a low-carbon society Through operations in all dimensions in terms of economy, society, community and environment to achieve goals Continue net zero greenhouse gas emissions at the national level. – Thai News Agency
Source: Thai News Agency