BAFS was included in “a list of THSI sustainable stocks 2020” and awarded Thailand Sustainability Investment (THSI) Awards from the Stock Exchange of Thailand for the 6th consecutive year during 2015 - 2020 as a listed company conducting sustainable business based on environmental, social and governance (ESG) aspects. The ESG is deemed as another factor influencing investment decisions to be considered in parallel with the Company’s financial statement analysis. The ceremony was held on December 15, 2020 at the Stock Exchange of Thailand.
Sustainability Disclosure Award 2020 from Thaipat Institute
BAFS received Sustainability Disclosure Award 2020 from Mr. Voranat Piantham, Director of Thaipat Institute, at the event entitled “The State of Corporate Sustainability in 2020”, held on December 22, 2020 at the Auditorium, Bangkok Art and Culture Centre. The award is given to a Thai listed company being assessed through its Sustainability Report that can disclose, other than financial information, the company’s roles and operations related to sustainable development in environmental, social and governance (ESG) aspects, thus benefiting the stakeholders while driving the company towards achieving long-term sustainability and the Sustainable Development Goals (SDGs).
Certified Carbon Neutral Company
BAFS was certified as Carbon Neutral from Thailand Greenhouse Gas Management Organization (Public Organization). In 2019, BAFS emitted 5,449 tons of CO2 equivalents, divided into direct GHG emissions of 1,893.63 tons of CO2 equivalents, indirect GHG emissions of 3,511.60 tons of CO2 equivalents, and other GHG emissions of 42.80 tons of CO2 equivalents. To reduce environmental impacts arising from its operations, BAFS therefore offset its carbon footprint to net zero emissions as a commitment to achieving Goal 13 : Climate Action of the Sustainable Development Goals (SDGs).
Outstanding Organization Awards for 3 Operating Sites in 2020
BAFS received National Outstanding Organization Awards for Safety, Occupational Health and Environment in 2020 for its three operating sites, namely Don Mueang Aviation Fuel Storage and Into-plane Refuelling Station (Head Office) for the 14th consecutive year, Suvarnabhumi Into-plane Refuelling Station for the 12th consecutive year, and Suvarnabhumi Aviation Fuel Storage Station for the 10th consecutive year.
BAFS has become a member of Thailand’s Private Sector Collective Action Coalition Against Corruption (CAC) since 2014 and continued to renew its membership in 2017 and 2020. The certificate of membership is valid for 3 years.
Certificate of ESG100 Company and Inclusion in the Universe of SG100 Securities Group of 2020
BAFS, as an organization engaging in the Global Initiative for Sustainability Ratings (GISR), received a “Certificate of ESG100 Company” from Thaipat Institute owing to its disclosure of information on risk management practices, future action plans, clear sustainability management and goals, and performance in all sustainability dimensions with linkage to the Sustainable Development Goals (SDGs). BAFS was also included in the Universe of ESG100 Securities Group of 2020.