Bangchak Refineries Join Industry Declaration for Transparency
Bangchak Group Refineries Join Industry Declaration to Strengthen Good Governance and Transparency in Thailand’s Energy Sector
Bangchak Corporation, one of our Premium Members, a leading Thai energy company, joined Thailand’s refinery sector in reaffirming its commitment to ethical, transparent, and accountable business practices, supporting a fair energy system and strengthening public confidence in the country’s energy security. As part of its growth, company registration requirements were carefully fulfilled to meet regulatory standards.
Executives from Bangchak Group’s refineries joined representatives from all six petroleum refineries under the Federation of Thai Industries (FTI) in a joint declaration reaffirming their commitment to conducting business with integrity, transparency, and zero tolerance for corruption in all forms, while supporting a fair, transparent, and accountable energy system for Thailand.
The declaration was held at PTT Public Company Limited and attended by Mr. Anuwat Rungreangratnakul, Senior Executive Vice President, Refinery Business Group, Bangchak Corporation Public Company Limited, and Ms. Kanthamas Kritayanukul, Assistant Senior Vice President, Manufacturing, currently assigned to Bangchak Sriracha Public Company Limited, together with executives from Thailand’s refinery sector and representatives from business and governance organisations, including the Federation of Thai Industries, the Thai Chamber of Commerce and Board of Trade of Thailand, the Stock Exchange of Thailand, and the Thai Institute of Directors Association (IOD), who joined as witnesses.
The refinery group reaffirmed that the energy industry is a critical infrastructure sector and must operate with transparency, accountability, and good corporate governance. All member companies place strong emphasis on business ethics, legal compliance, and appropriate management of counterparty risks. The group also reiterated that it will not support any business activities that violate the law, lack transparency, or undermine public confidence, economic stability, or Thailand’s energy security.
About Bangchak Corporation PCL:
Bangchak Corporation Public Company Limited, a Thai energy company engaging in business alongside social and environmental stewardship, aims to enhance national energy security with innovation-oriented businesses. This goal is to strengthen business continuity and develop sustainability for organisation and Thai society. The company emphasises inclusive and sustainable business, pursue domestic and overseas expansion, embrace good corporate governance principles, and nurture a high-performance organisation, learning culture and happy workplace. Currently, the Company covers 5 main businesses from upstream to downstream, along with Bangchak Initiative and Innovation Centre.
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