Sea Oil Public Company Limited ("Company") is committed to advancing innovation and leveraging technology to support sustainable business growth while enhancing operational efficiency, improving service quality, and minimizing environmental impacts. The Company achieves these objectives through the development of environmentally friendly products, the adoption of digital technologies, and the continuous improvement of business processes.
This approach is aligned with the Company's mission to "develop work processes through automation to achieve maximum efficiency" by leveraging technology and data to support decision-making and create sustainable value for all stakeholders.
Targets and Performance
Targets
Develop one sustainability-certified product.
Performance in 2025
Successfully developed one product supporting sustainability-certified operations.
The Company is committed to promoting innovation and the application of technology to support sustainable business growth. Such efforts form an integral part of the Company's operations under its Sustainability Development Policy and Climate Change Management Policy.
The Company encourages all business units to continuously improve operational efficiency through the adoption of technology, innovation, and new working approaches across its business processes. These initiatives aim to enhance energy and resource efficiency, minimize environmental impacts, improve operational standards, and strengthen the Company's competitiveness.
In addition, the Company is committed to developing products, services, and operational processes that respond to the evolving needs of customers and stakeholders, while supporting the creation of economic, social, and environmental value. These efforts contribute to the Company's long-term sustainable growth.
For additional information, please refer to the Company's website.
The Company recognizes innovation and technology development as key drivers of sustainable growth and has integrated them into its sustainability governance framework. This approach ensures that related initiatives are implemented effectively, transparently, and in alignment with the Company's strategic objectives.
Board of Directors
The Board of Directors is responsible for establishing the Company's sustainability policies, strategic direction, objectives, and targets. The Board also promotes the adoption of innovation and technology to enhance operational efficiency, strengthen competitiveness, and support sustainable business growth.
Corporate Governance and Sustainability Committee (CG&SD Committee)
The Corporate Governance and Sustainability Committee, as delegated by the Board of Directors, is responsible for overseeing, monitoring, and reviewing the Company's sustainability performance. The Committee also provides guidance on promoting innovation, improving operational processes, and creating long-term value for stakeholders.
ESG Committee and Sustainability Working Team
The ESG Committee and Sustainability Working Team are responsible for driving the implementation of the Company's sustainability policies and initiatives. Their responsibilities include establishing implementation guidelines, monitoring progress, promoting the adoption of innovation and technology in business operations, and regularly reporting performance results to the relevant committees.
SEAOIL – OR Bio Marine Lube Project
Sea Oil Public Company Limited continued the development of a biodegradable marine lubricant product under the SEAOIL – OR Bio Marine Lube Project, in collaboration with PTT Oil and Retail Business Public Company Limited (OR). The project follows the signing of a Memorandum of Understanding (MOU) between the two companies in late 2024 and aims to develop environmentally friendly lubricant products that help reduce impacts on the marine environment while supporting higher standards of sustainable business operations within the energy sector.
In 2025, the research team conducted technical studies of marine vessel machinery to support the design and development of a product suitable for actual operating conditions. The product was subsequently introduced for first-fill application in two vessels, namely Sri Tapee and Sri Bandon, at a shipyard in Thailand.
Following the deployment, the Company and its partners have continuously monitored and evaluated product performance. Oil samples are collected and analyzed at predetermined intervals to assess product efficiency and suitability. The project is currently undergoing a one-year field trial to comprehensively evaluate its technical performance and environmental benefits.
This project reflects the Company's commitment to developing environmentally friendly products, supporting the reduction of oil contamination risks in marine ecosystems, and creating long-term business value while promoting sustainable operations.
- In 2025, the Company commenced field testing of biodegradable marine lubricants on two vessels and continued to monitor operational performance under a one-year evaluation program, in line with the project plan.
- No complaints or major operational issues were reported during the testing period.
The Company places importance on developing products and services that are aligned with sustainable development principles while continuously enhancing its operational standards through internationally recognized certifications. These efforts help strengthen confidence among customers and stakeholders.
In its oil trading business, the Company has obtained the International Sustainability and Carbon Certification (ISCC), a globally recognized certification scheme for sustainable supply chain management. The certification covers traceability, environmental management, and greenhouse gas emissions reduction throughout the value chain. This achievement reflects the Company's commitment to supporting the transition to a low-carbon economy and conducting business in a responsible and sustainable manner.
For its Catering and Supply Management business, the Company has obtained ISO 14001 Environmental Management System Certification, which supports a systematic approach to environmental management, efficient resource utilization, pollution prevention, and the continuous improvement of environmental performance.
These internationally recognized certifications form an integral part of the Company's sustainable business approach. The Company is committed to delivering high-quality products and services while minimizing environmental impacts and creating long-term value for customers, stakeholders, and society as a whole.
The Company is committed to improving operational efficiency through the adoption of digital technologies and information systems to support business operations, data management, and decision-making processes.
The Company has implemented an Enterprise Resource Planning (ERP) system to integrate data across its core business processes. The system enhances data accuracy, reduces operational redundancies, and improves the efficiency of resource management throughout the organization.
In addition, the Company utilizes data analytics tools and Business Intelligence (BI) platforms, such as Power BI, to develop management reports and performance dashboards. These tools enable management to access information in a timely manner, analyze business trends effectively, and support data-driven decision-making.
The Company will continue to advance innovation and technology to enhance operational efficiency, create long-term value for customers and stakeholders, and support long-term sustainable growth.
For additional information, please refer to the Company's 2025 Form 56-1 One Report under the section "Driving Business for Sustainability."
