Bangchak Petroleum Public Company Limited (Bangchak) was established in 1984 in Bangkok, Thailand, as a petroleum refining company with a focus on related downstream businesses. Over the years, Bangchak has evolved into a leader in sustainable energy, integrating corporate social responsibility (CSR) and Creating Shared Value (CSV) into its core business model. The company reported a profit of US$143 million in its most recent financial year.
Integrated CSR and CSV Initiatives
Bangchak incorporates sustainability into its business through in-process and after-process CSR activities. In-process CSR focuses on improving operations to align with sustainability goals, including investments in Green Process (low carbon initiatives), Green Service Station (environmentally friendly retail products), and Green Energy Business (renewable energy production). After-process CSR focuses on community engagement projects such as Project Citizen and Bangchak Futsal Youth.
CSR and CSV efforts are seamlessly integrated into daily operations, reflecting the company’s belief that business success must align with environmental and social well-being. Bangchak’s vision of Greenergy Excellence aims to establish an energy business that prioritizes sustainability and long-term development.
Stakeholder Engagement for a Greener Future
Bangchak structures its sustainability initiatives around three key stakeholder groups. The first includes shareholders, business partners, customers, and creditors, with whom the company upholds corporate governance principles to ensure stable growth and fair returns. The second group consists of society, communities, and the environment, where CSR projects create the most visible impact. The third group is employees, who benefit from the company’s Happy Workplace strategy, which focuses on professional growth, mental well-being, and work-life balance.
Bangchak’s community-driven programs empower local refinery communities and agricultural cooperatives, promoting self-reliance and long-term sustainability. Through initiatives such as the Thailand Go Green campaign, the company actively promotes renewable energy awareness at a societal level.
Creating Shared Value and Sustainable Impact
CSR at Bangchak is more than just a corporate obligation; it is a value-generating strategy that balances business growth with social and environmental progress. In-process CSR minimizes operational environmental impact while maintaining profitability, ensuring transparency, accountability, and trust.
Bangchak’s efforts in promoting renewable energy have significantly influenced Thailand’s energy sector, leading to broader adoption of clean energy and progressive state policies. The company’s long-standing collaboration with communities and agricultural cooperatives has improved the livelihoods of farmers, fostering strong trust and making Bangchak an integral part of Thai society.
Beyond in-process CSR, Bangchak supports numerous employee-led CSR programs, encouraging active participation at all levels. The Bangchak School Lunch Programme, initiated by employees, addresses child nutrition in underprivileged schools. Employees volunteer for CSR activities outside working hours, and participation is integrated into performance evaluations, reinforcing Bangchak’s commitment to corporate responsibility.
Bangchak’s holistic approach to sustainability exemplifies how businesses can drive both financial success and meaningful social impact, setting a benchmark for corporate responsibility in the energy sector.
