Electricity Generating : EGCO Group listed on DJSI for 4th year in a row, commitment to sustainability and Net Zero 2050 goal is strongly confirmed

Electricity Generating Public Company Limited or EGCO Group was selected for the Dow Jones Sustainability Indices (DJSI) 2023 in the Emerging Markets Index - Electric Utilities for the 4th consecutive years. The world-class recognition has confirmed the company's commitment to sustainable development and to achieving Net Zero goal by 2050.

Mr. Thepparat Theppitak, EGCO Group's President, said, "Our success in the global level that has continued for the 4th consecutive years is a clear proof of our commitment and intention to operate our business with ESG as our key pillar. We focus not only on strong financial performance, but also strengthening surrounding communities and the society, as well as taking good care of the environment. At the same time, we adhere to corporate governance, transparency, and accountability. These are the key factors that enable us to add value to all our stakeholders in the 8 countries we are operating in. Looking ahead, EGCO Group will continue to grow our business to support the energy transition and join the world in driving the overall power generation and energy industry towards a low-carbon society."

EGCO Group has been operating electricity generating and energy-related businesses for over 31 years. Guided by "Cleaner, Smarter, and Stronger to Drive Sustainable Growth" business direction, the company has announced a more challenging and intensive goal of achieving carbon neutral by 2040, 10 years ahead of the previous plan. The company also added another target of achieving net zero by 2050. Meanwhile, EGCO Group has seriously implemented programs and activities to support social and environmental development, including quality of life improvement for communities surrounding its power plants, promotion of energy and environmental education among young people, and conservation of watershed forests and biodiversity in our operational area. The company also implements such projects through the Thai Conservation of Forest Foundation. In addition, transparent, equal, and fair disclosure of information has enabled all its stakeholders to closely monitor and follow up on the company's operations.

DJSI is an index used to assess the effectiveness of sustainable development and operations of the world's leading businesses, ensuring leading organizations have effective operations across all areas - economic, environmental, social and governance practices. Leading funds at international level have used the index as a benchmark in investment consideration and decision. Companies selected for DJSI generally have high possibility to create long-term value to stakeholders.

About EGCO Group

EGCO Group has a total equity capacity of 7,067 MWe in operation and under construction. Total equity capacity from renewable energy is 1,418 MWe (equivalent to 20% of the total portfolio and growing). The RE portfolio includes biomass, hydropower, solar power, wind power, fuel cells, and battery storage. EGCO Group's facilities and other projects are located in 8 countries, namely Thailand, Lao PDR, the Philippines, Indonesia, Australia, South Korea, Taiwan and USA. In addition to power business, other energy-related businesses of the company include Thai Pipeline Network Co., Ltd. (TPN), EGCO Rayong Industrial Estate, CDI which is an infrastructure and utility company in Indonesia, Peer Power which is a new financial technology company, and Innopower which is a high tech start up incubator that EGCO Group owns together with its partners EGAT and RATCH Group. EGCO Group has been named to the Dow Jones Sustainability Index (DJSI) for the last 4 years and aims to achieve Net Zero within 2050.