Code of Conduct and Anti-Corruption
Supporting the SDGs Goals
Goal 16:
Goal and Performance Highlights Year 2025
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Performance
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Performance
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Performance
Challenges and Opportunities
Ratch Pathana and Affiliates recognizes that operating in today’s energy sector involves navigating complex challenges related to ethical standards, transparency, and increasingly stringent legal and regulatory requirements imposed by governments, investors, and business partners. There is also a growing expectation from society at large for integrity and robust anti-corruption practices throughout every level of the business value chain.
At the same time, the Group views these challenges as important opportunities to strengthen corporate governance, build stakeholder trust, and elevate operational standards in line with ESG principles to achieve long-term sustainable growth. Our firm commitment to upholding ethical business conduct and rigorous anti-corruption measures not only differentiates us in the market but also enhances our competitiveness amid an ever-changing and demanding business landscape.
Management Approach and Value Creation
Anti-Corruption
Ratch Pathana and Affiliates demonstrates its strong commitment to anti-corruption by joining the Thai Private Sector Collective Action Coalition Against Corruption (CAC) on February 18, 2014. The company has established and communicated its “Anti-Corruption Policy,” now in its 2nd revision approved by the Board of Directors at Meeting No. 5/2024 on June 26, 2024. Oversight is provided by the Corporate Governance and Risk Management Committee, with operational monitoring by the Business Risk Management Working Group and the CAC Implementation Team. The company regularly conducts training and communication for directors, executives, and employees, while also publishing these policies on its website. This ensures awareness and practical implementation across all levels, including stakeholders. Additionally, the company has developed “Corporate Governance, Business Ethics, and Code of Conduct” guidelines in multimedia formats such as video, animation, and QR codes to foster shared direction and embed these principles into the corporate culture, with annual reviews in place.
The company is committed to conducting business with integrity and transparency through strict practices to prevent fraud and corruption within the organization as follows:
- Foster awareness, values, and attitudes that uphold honesty and integrity in compliance with all laws and regulations.
- Implement effective internal control systems with checks and balances to prevent and detect corruption.
- Prohibit directors, executives, and employees from soliciting or accepting any assets or benefits that may improperly influence their duties or compromise the company’s legitimate interests.
- Prohibit offering or promising any undue assets or benefits to external parties to induce unlawful or improper actions.
- Maintain transparent and accurate financial reporting mechanisms.
- Establish secure communication channels for whistleblowing, ensuring confidentiality and protection for those reporting, with designated officers to investigate all reports.
Processes for Supplier Selection
The Company is committed to ensuring that all processes for supplier selection, evaluation, and contracting are verifiable and that a safe complaint mechanism is available to all parties. To ensure that the Company’s procurement of goods and services is accurate, appropriate, and efficient in line with international standards, the Company has established a supplier selection process in which all suppliers are given a fair opportunity to compete based on equal information. Suppliers are selected transparently and fairly, without favoring any particular supplier. The Company also requires suppliers to register and verifies their qualifications based on the Company’s criteria, taking into careful consideration various requirements and factors, such as:
- Credibility Suppliers/Partners must be verifiable in terms of their business premises and location, details of company registration, operating history, staff, conflicts of interest, and/or financial outlook.
- Quality standards and ability to deliver goods or services as per Company’s requirements and specified timeframe: This covers after-sales service, warranties, and other conditions set by the Company’
- Ethical standards: Suppliers/Partners must conduct their business in compliance with applicable laws and business ethics, free from fraud, corruption, bribery, as well as any form of benefits, either with the public or private sector or any public organizations.
- Sustainability standards: These cover issues on socio-environmental responsibility and good corporate governance. The Company’s suppliers/partners must promote and comply with the sustainability principles in both their own business operations and throughout their own supply chains.
- All suppliers are required to acknowledge and sign the Supplier Code of Conduct, relevant policies and procedures, and complete a sustainability self-assessment before entering into procurement contracts to ensure that they are aware of and place importance on all actions to be in line with the Company’s policy and Code of Business Ethics.
Moreover, The Company’s has prepared procurement contracts that are fair and appropriate to all parties, and put in place a monitoring process to ensure their accurate and full compliance with the terms and conditions specified in the respective contracts. The Company’s adheres to procurement of goods and services from suppliers/partners under trade conditions and strictly follows all terms and conditions. It also maintains the confidentiality of all partners’ and contract parties’ information in line with the law and standards.
Whistleblowing Channel
The company provides clear channels for employees and stakeholders to report any suspected violations of the law, fraud, misconduct by employees, or behaviors that may harm the company. This also includes cases where employees or stakeholders believe their rights have been violated or they have been treated unfairly. Reports can be made through the following channels, under the company’s defined process:
Postal Submission Reports can also be sent by mail, addressed to the Chairman of the respective Committee, the Managing Director, or the Human Resources Administration and Development Division, at the following company address:
Ratch Pathana Energy Public Company Limited
636 Moo 11, Sukhaphiban 8 Road, Nong Kham Subdistrict, Si Racha District, Chonburi 20230, Thailand
Online Channels
- Company website: www.ratchpathana.com
| Department / Committee | E-mail Address |
|---|---|
| Board of Directors | directors@ratchpathana.com |
| Audit Committee | auditcommittee@ratchpathana.com |
| Corporate Governance and Risk Management Committee | cgcommittee@ratchpathana.com |
| Managing Director | MD@ratchpathana.com |
| Human Resources Management and Development Department | hrmanager@ratchpathana.com |
The company will treat all related information with strict confidentiality and ensure the safety of whistleblowers, except where disclosure is required by law.
Stakeholders Directly Impacted
Shareholders
Employees
Customers
Business Partners
Community and Society
Creditors
