The passing away of His Majesty King Bhumibol Adulyadej (King Rama IX) on 13 October 2016 was a great loss of Thai people from all walks of life. This great loss has led to overwhelming grieve and sorrow among all Thais, given that His Majesty had implemented so many things in favor of our well being for 70 years. The activities implemented by His Majesty for all Thai people had fostered significant social developments and a better quality of life for all Thais inclusively.
TTW Public Company Limited is also overwhelmed with deepest gratitude towards His Majesty. On behalf of the Board of Directors, executive management and employees of the company, we would like to make a commitment that we would dedicate ourselves to take the instruction of Your Majesty into practice and adapt it properly in a way that the commitment of Your Majesty can be achieved further.
2016 was another year for Thailand to face economic instability due to the recession of global economy. Despite this unfavorable situation, the company continued to operate its business in a professional manner based on the awareness of corporate social responsibility and commitment to take part in fostering the economic development and improving life quality of people in a sustainable manner. With such commitment and dedication of personnel in all levels of the company, TTW has received good acceptance from the entities in all sectors.
TTW has been honored as one of the 100 companies listed in the Stock Exchange of Thailand that have outstanding performance in the aspect of Environmental Social Governance (ESG) in the category of natural resources business, which reflected a higher level of information disclosure that covered both financial data and the information about environmental and social issues, as well as the corporate governance. This is consistent with results of another two assessments. That is, TTW was certified as a listed company with “very good” performance in implementing its corporate governance, as assessed Thai Institute of Directors (IOD), and was certified as a listed company with “excellent performance in organizing annual general meeting of shareholders” (received 100 scores), as assessed by Thai Investors Association. Furthermore, TTW passed the sustainability assessment (covering Environment, Social and Governance (ESG) aspects) to get included in the list of Thailand Sustainability Investment (THSI) as a candidate for SET Sustainable Awards. TTW was also awarded as Thailand’s Top Corporate Brands 2016 in the category of energy and public utilities business. And finally, TRIS Rating Company Limited rated TTW for its credit and debt securities in the level of AA - (Double A Minus) with a “stable” trend. The results of all these assessments have nailed a confirmation very well on the good image and performance outcomes of TTW in the past year.
In 2017, TTW will dedicate further to develop the process and quality of the production, especially the R&D on new innovations of the manufacturing and personnel development. This will be consistent with national strategy under the scheme “Thailand 4.0”, which is a policyoriented vision of Thailand about national economic development toward value-based economy (driven by innovations).
I would like to take this opportunity to pay my gratitude to the Board of Directors, executive management, and all employees who have been performing their duties with dedicated efforts. I would also like to pay my gratitude to shareholders, business counterparts, customers and communities for continuous supports to the company. I would like all of you to feel confident that we will operate our business in accordance with the principles of good governance and take responsibility for all stakeholders inclusively, in order to ensure a steady growth of the company, a good return of investment for shareholders, establishment of confidence among communities and society, and sustainable conservation of environment.
(Dr. Thanong Bidaya)
Chairman of the Board of Directors