Sustainability Journey
GULF's commitment to social and environmental responsibility
is evident in our guiding philosophies, operational methodologies, and the enduring values we consistently deliver to our stakeholders. By uplifting the quality of people's lives, we embody the essence of a 'Sustainable Organization', poised to strengthen growth in defining avenues over the coming decade.
1994
The journey of GULF's management team began with their assignment to oversee power plant operations under Gulf Electric Company Limited.
1997
The development of the first power plant project, which opted for natural gas over coal, demonstrated our commitment to lower-carbon solutions for energy production in line with expectations of the community.
2005
The initiation the Gulf Yala Green (GYG) project, Thailand’s first renewable energy initiative, marks a significant milestone in the country’s biomass power plant sector.
2007
Mr. Sarath Ratanavadi founded Gulf Holdings (Thailand) Company Limited, embarking on a new venture into the integrated energy sector under the distinguished name ‘GULF’.
2013
GULF’s first gas-fired power plant commenced commercial operations.
2014
The launch of GULF Solar, the company's first solar energy venture.
2017
GULF became publicly listed on the Stock Exchange of Thailand (SET) under the ticker symbol “GULF”.
2018
The company begins conducting a comprehensive carbon footprint assessment across the entire organization (Carbon Footprint for Organization: CFO).
2019
GULF has been selected as a sustainable stock by the Thailand Sustainability Investment (THSI).
2020
The Sustainability, Governance and Risk Management Committee was established in 2020.
2020
The achievement of zero operational waste to landfill.
2021
The company received a recognition as an 'Industry Mover' for organizational sustainability development from S&P Global, as featured in the S&P Global Sustainability Yearbook.
2021
GULF has been selected to be included in the global stock index known as the 'FTSE4Good Index'.
2022
The supply chain risk management is introduced with GULF’s suppliers being assessed against ESG metrics.
2023
GULF has been distinguished as a sustainable stock in the Thailand ESG Fund (ThaiESG).
2023
Targets and guidelines for reducing greenhouse gas emissions was publicly announced.
