Human Rights Risk Assessment
In 2022, the Company conducts human rights risk assessments throughout its business value chain, where 100% of its oil and non-oil business activities are assessed for human rights risks under the corporate sustainability risk management principles. The Company has compared the likelihood criteria, the organizational risk assessment criteria, and the level of impacts to the United Nation Guiding Principle on Business and Human Rights, and considered all spectrums of human rights, including potential victims, covering employees, communities and the environment, suppliers and contractors, and customers. The issues that have been assessed for human rights risks are:
Human Rights Risk Assessment Methodology
PTG conduct HRRA by evaluating two main type of risk; 1) Inherent risk: the human rights risk by nature without controls/measures, 2) Residual risk: the human rights risks with existing controls/measure. By prioritizing key human rights risks, we identify human rights issue with very high-high residual risk (salient issue). However, we initiate mitigation measures for all human rights risk issues as a precaution action.
The assessment of inherent and residual human rights risks was conducted using 5 scale risk matrix that consist of likelihood (Axis-X) and impact (Axis-Y) assessment to determine the significance of each human rights issue.
| Severity Level | Likelihood (Frequency) | Impact | ||
|---|---|---|---|---|
| Scale | Scope | Remediable | ||
| 5 (Very High) |
Occurs more than once/month | Significant impact to health condition and danger to life, which can cause fatality | Impact to numbers of stakeholders and beyond own operation control | Impossibility to remediate relevant stakeholders and/ or taking longer than 5 years to remediate |
| 4 (High) |
Occurs once every month | Impact to health condition and safety, which can cause physical disability | Impact to more than 1 group of stakeholders (e.g. impact to community, employee, supplier) | Possibility to remediate relevant stakeholders within 3-5 years |
| 3 (Medium) |
Occurs 4-6 times/year | Impact to health condition and safety, which can cause loss time injury | Impact to most of 1 group of stakeholders (e.g. impact to most of employee) | Possibility to remediate relevant stakeholders within 3 months to 1 year |
| 2 (Low) |
Occurs 2-3 times/year | Slight impact to health condition and safety, which can cause minor injury with need of medical treatment from doctor (no loss time) | Impact to 1 group of stakeholders (e.g. impact to only a few of employee) | Possibility to remediate relevant stakeholders within 3 months and less than 1 year |
| 1 (Very Low) |
Occurs once a year | No impact to health condition and safety – only first aid case | No impact to relevant group of stakeholders | Possibility to remediate relevant stakeholders within 3 months |
Scope of Assessment
| Oil & Non-Oil Business | |||||
|---|---|---|---|---|---|
| Value chain | Sourcing | Transport | Storage | Marketing | Supporting Unit |
| Business Activity | • Oil • LPG • Raw material and supplies procurement for retail business |
• Oil • Raw material and supplies procurement for retail business |
• Oil Depot • LPG Depot |
• Service & LPG Station • Gas Shop • Convenient Store • Coffee Shop • Automotive Maintenance |
• Human Resource Management |
| Company | • PTG Energy Public Company Limited • Petroleum Thai Corporation Company Limited • PTG Logistic Company Limited • BPTG Company Limited • Atlas Energy Company Limited • GFA Corporate (Thailand) Company Limited • Punthai Company Limited • Siam Autobacs Company Limited • Max Card Company Limited • Max Solution Service Company Limited |
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Human Rights Risk Assessment Results of PTG Group and Joint Venture Companies
Percentage of business activities assessed for human rights risk
Remark: The Company has measures to prevent human rights violations in all business activities*
The Results of Supplier Human Rights Risk Assessment
Mitigation and Preventive Measures of Human Rights Violation
10076
10074
