---
id: 9155
title: "Bangchak Corporation Public Company Ltd: Best Sustainable Innovation Strategy Thailand 2021"
award_year: 2021
published: 2021-05-12 08:29:17
published_gmt: 2021-05-12 07:29:17
author: "CFI.co Editorial"
url: "https://cfi.co/awards/asia-pacific/2021/bangchak-corporation-public-company-ltd-best-sustainable-innovation-strategy-thailand-2021/"
categories: ["Asia Pacific", "Best Practice", "Community Engagement", "Development", "Industries", "Manufacturing", "Oil & Gas", "Sustainability"]
content_class: award_rationale
independence_status: independent_editorial
sponsor_disclosure: none
editorial_lens: constructive_positive_lens
historical_status: current_at_publication
correction_status: none
archive_policy: no_delete
provenance_layer: github_versioned
wayback_status: archived
wayback_first_snapshot: 20210614181156
wayback_snapshot_url: "http://web.archive.org/web/20210614181156/https://cfi.co/awards/asia-pacific/2021/bangchak-corporation-public-company-ltd-best-sustainable-innovation-strategy-thailand-2021/"
license: CFI-OAAL-1.0
content_sha256: d81497cb46b1da1b833824d7fc3489e7e05292600a8cb2152bb66dc87c961d12
canonical: 9155-bangchak-corporation-public-company-ltd-best-sustainable-innovation-strategy-tha.json
---
# Bangchak Corporation Public Company Ltd: Best Sustainable Innovation Strategy Thailand 2021
> Verbatim archived copy. Canonical machine record: `9155-bangchak-corporation-public-company-ltd-best-sustainable-innovation-strategy-tha.json`.
Over nearly four decades, Bangchak Corporation Public Company Limited (BCP) has been contributing to Thai socio-economic development through five core divisions: petroleum refinery and trading, marketing, bio-based products, green power and natural resource business development. BCP aims to lead the vanguard of Asia’s transition to a greener future. It has applied strict corporate governance criteria across operations to build a sustainable business model and an inclusive workplace. It has also created long-term value for stakeholders. BCP was the first company in Thailand to receive ISO 50001:2018 certification, and the first oil refinery to be certified by the Water Footprint programme. In 2019, BCP cut water consumption by 31 percent. It off-sets thousands of tons of CO2, continuously improves energy and waste efficiencies, and plans to become carbon-neutral by 2030. It has enhanced fossil fuel production and developed bio-based alternatives to meet growing national energy demands. BCP also generates and distributes clean energy from solar, wind, water and geothermal power projects in Thailand, Japan, the Philippines, Indonesia and Laos. Plastic waste is tackled with circular economy solutions at its 1,200 service stations. The group is powered by a team 1,250-strong and a corporate “3S” strategy that priorities security, stability and sustainability. The CFI.co judging panel recognises a company striving to overcome environmental challenges. Bangchak Corporation Public Company Ltd wins the 2021 award for Best Sustainable Innovation Strategy (Thailand).