Engagement with regulators and industry associations is an important part of how we manage regulatory risks and support sustainable industry development. We recognize that changes in laws and regulations may impact on our operations. Therefore, we participate in relevant platforms to contribute industry perspectives, support effective policy development, and strengthen our position, while ensuring transparency and maintaining political neutrality.
IRPC manages regulatory advocacy and participation in industry associations through a structured governance framework aligned with Sub-Element 6.3 Regulatory Advocacy under the PTT Group Sustainability Management Framework, ensuring independence and transparency in all communications and interactions with regulators and policy makers.
We support national and international associations and organizations by contributing industry knowledge and sustainability-related insights to inform policy development and enhance industry practices, while maintaining political neutrality under our Anti-Corruption Policy. We do not directly or indirectly support any political parties or politicians. While our directors, executives, and employees retain political rights under the law, we prohibit any actions or expressions that may adversely affect our reputation.
To ensure transparency, IRPC discloses monetary contributions related to our participation in industry associations and other policy-related activities. The disclosure covers 100% of our monetary contributions.
Lobbying, interest representation or similar
0
0
0
0
0
Local, regional, or national political campaigns / organizations / candidates
0
0
0
0
0
Trade associations or tax-exempt groups (e.g. think tanks)
14,386,297
13,697,650
14,324,340
12,032,774
54,441,061
Other (e.g. spending related to ballot measures or referendums)
0
0
0
0
0
Total Contributions
14,386,297
13,697,650
14,324,340
12,032,774
54,441,061
IRPC does not make contributions to lobbying organizations, interest representation activities, or to any local, regional, or national political campaigns, organizations, or candidates, including spending related to ballot measures or referendums. We maintain political neutrality and provide no financial support to any political party, political group, political candidate, or individual with political influence.
In maintaining this approach, IRPC recognizes that contributions and charitable donations may pose risks related to bribery or corruption. Therefore, we strictly adhere to our Anti-Corruption Policy to ensure that all contributions and donations are conducted transparently and do not give rise to such risks.
IRPC’s contributions to industry associations reflect our engagement in public policy and sustainable industry development. In 2025, our contributions were primarily focused on the following key areas:
Responsible business operation for long-term business success and support a development of sustainable petroleum and petrochemical industries
Support
IRPC recognizes sustainability as a cornerstone of our business strategy and a key factor in achieving our corporate goals. We are committed to enhancing performance in governance, safety, and environmental protection, and actively participate in the development of industry regulations that benefit the sector. Our approach aligns with global sustainability trends and international best practices.
3,497,404
Driving sustainability toward net zero carbon business
Support
IRPC is actively involved in advocating climate-related regulations. As a founding member of Global Compact Network Thailand and an executive committee member of the Thailand Business Council for Sustainable Development, we promote sustainable practices and contribute to climate transition efforts. All financial contributions to these organizations are transparently disclosed.
1,265,000
IRPC participates in national and international industry associations to support policy development, strengthen industry practices, and advance sustainability. Through these engagements, we contribute to regulatory development, share industry perspectives, and collaborate with relevant stakeholders on key sustainability and operational issues.
Oil Industry Environmental Safety Group Association (IESG)
IRPC actively participates in and supports relevant authorities in adopting new regulations, engages in education and training to promote safety and best environmental practices among members, and collaborates with government agencies and organizations on oil spill response activities.
Oil Spill Response Limited (OSRL)
IRPC actively participates in and supports this international industry-funded cooperative, which responds to oil spills globally by providing preparedness, response, and intervention services. The organization is owned by environmentally responsible oil and gas companies, representing a significant share of global oil production. Its activities are closely aligned with IRPC’s business, and our participation strengthens preparedness for unplanned operational incidents.
Petroleum Instituted of Thailand (PTIT)
IRPC engages in dialogue with PTIT and peers in the petroleum and petrochemical industries to promote sound and practical policies and regulations.
Federation of Thai Industries (FTI)
IRPC actively participates in and supports FTI, which serves as a bridge between private industry and the government, advocating for business-friendly policies. FTI promotes competitiveness, innovation, and sustainable development across industrial sectors. IRPC also benefits from training, research, and access to global trade networks.
Global Compact Network Thailand (GCNT)
IRPC is a founding member of the UN Global Compact Network Thailand, supporting the principles of the UN Global Compact on human rights, labor, environment, and anti-corruption. Progress is reported to align with the United Nations Sustainable Development Goals, and the network facilitates knowledge sharing on human rights, corporate governance, and anti-corruption.
Thailand Business Council for Sustainable Development (TBCSD)
IRPC plays a proactive role in advancing climate-related regulations through our position as a Board Member of the Thailand Business Council for Sustainable Development (TBCSD). We continuously promote sustainable practices and reinforce our commitment to transparency through the disclosure of financial contributions to these organizations.
Thai Institute of Directors (IOD)
IRPC collaborates with the Thai Institute of Directors to enhance corporate governance through director development, governance assessments, knowledge sharing, policy engagement, and strengthening investor confidence.
Anti-Corruption Foundation
IRPC actively supports anti-corruption initiatives by implementing transparency and accountability measures, fostering a culture of integrity among employees, and participating in awareness campaigns. Through these efforts, we contribute to strengthening the broader anti-corruption ecosystem.
In 2025, the top five trade associations and tax-exempt organizations that IRPC contributed to are presented below:
Oil Industry Environmental Safety Group Association (IESG)
4,654,234
1,079,000
1,180,000
1,237,000
8,150,234
Oil Spill Response Limited (OSRL)
1,503,727
1,289,067
1,477,296
1,805,569
6,075,659
Anti-Corruption Foundation
1,000,000
1,000,000
1,000,000
1,000,000
4,000,000
Petroleum Instituted of Thailand (PTIT)
440,000
440,000
440,000
440,000
1,760,000
Global Compact Network Thailand (GCNT)
528,750
688,214
700,000
700,000
2,397,399
IRPC has actively engaged in climate lobbying through strategic partnerships and policy advocacy aligned with the Paris Agreement, which aims to limit the increase in global average temperature to well below 2 degrees Celsius. In setting its climate targets, IRPC takes into account the Paris Agreement and Thailand’s Nationally Determined Contributions (NDCs), with the aim of supporting the transition toward net-zero emissions by 2050.
IRPC supports collaboration with external partners, including trade associations, whose objectives are aligned with the Company’s climate and sustainability direction. IRPC commitments, related plans, and programs cover all jurisdictions across the IRPC Group to ensure consistency with the Company’s internal management approach and long-term sustainability strategy.
As part of IRPC’s Net Zero GHG Emissions Strategy, IRPC is committed to continuously reducing greenhouse gas (GHG) emissions across its operations and identifying GHG reduction opportunities throughout the value chain. This commitment is aligned with PTT Group goals, Thailand Nationally Determined Contributions (NDCs), the United Nations Sustainable Development Goals (SDGs), and the objectives of the Paris Agreement.
To strengthen engagement with external networks, IRPC supports climate-related advocacy through its membership in trade associations and sustainability networks. IRPC recognizes that participation in these associations and contribution to collaborative initiatives serve as an additional capability that complements the Company’s internal management approach and climate strategy. These efforts support IRPC’s role in driving climate action and contributing to the transition toward net-zero emissions. Accordingly, IRPC has established a dedicated governance structure and climate change management system as follows:
Chief Executive Officer (CEO) and President
Sustainability Development Committee
Senior Executive Vice President – Corporate Strategy Planning and Business Development
Members from Strategic Planning and Sustainability Department
IRPC participates in trade associations to support the development of policies, laws, regulations, and practices relevant to its business, while also promoting climate action and sustainability in alignment with the Paris Agreement. IRPC reviews and assesses its trade association memberships and climate-related lobbying activities to ensure alignment with the Company’s climate commitments, internal policies, Net Zero direction, and business strategy across IRPC Groups.
In this regard, IRPC has established a governance approach to oversee climate-related public policy engagement, including the review and assessment of trade association memberships and climate-related lobbying activities. The assessment considers the extent to which such memberships and activities are aligned with IRPC’s climate commitments, business interests, internal policies, climate change direction, and the objectives of the Paris Agreement. This process helps ensure consistency between IRPC’s climate-related commitments and the positions or actions undertaken through its trade association participation.
To ensure that IRPC’s participation in trade associations supports the achievement of climate-related goals and avoids inconsistent practices, IRPC has established a review, monitoring, and misalignment management framework as part of its climate change management approach. Where potential misalignment is identified, IRPC will consider appropriate actions, such as engagement, clarification, escalation, continued monitoring, or reconsideration of its membership, as applicable.
IRPC reviews its trade association memberships and climate-related lobbying activities to ensure consistency with the Company’s policies, interests, climate targets, positions, and implementation plans. Participation in trade associations is considered by the relevant executive-level committee or management body, taking into account the alignment between IRPC’s climate position and the objectives, targets, and policy direction of each trade association.
IRPC reviews the results and progress of its engagement with supported trade associations to ensure alignment with the Company’s climate position, targets, and implementation plans. The review covers the trade associations’ positions, practices, activities, and actual outcomes to assess whether they remain consistent with IRPC’s climate-related objectives. The monitoring results are reported to IRPC’s climate change governance structure or relevant management body for oversight. IRPC monitors the progress and status of trade association engagement on a annual basis.
As part of the monitoring process, IRPC tracks the progress and outcomes of trade association engagement. The monitoring results are shared internally with the relevant governance body or management function to support decision-making on IRPC’s continued contribution and support.
For trade associations that are identified as misaligned with IRPC’s climate direction, IRPC will consider appropriate actions, such as distancing the Company from the misaligned position, engaging with the trade association to encourage alignment, continuing close monitoring, or reconsidering its membership, as applicable. These actions form part of IRPC’s approach to managing potential misalignment between trade association positions and the Company’s climate-related commitments.
In 2026, IRPC partner with the trade association to promote and support relevant policies, regulations, and practices aligned with the global climate change agenda. As part of this effort, IRPC became a member of the Thailand Carbon Neutral Network (TCNN) and Thailand Business Council for Sustainable Development (TBCSD) to drive tangible climate action. These memberships enable IRPC to leverage the benefits of trade association engagement by sharing best practices, contributing implementation approaches, and collaborating with external networks to address climate change and emerging sustainability issues.
