Message from Chairman
Dr. Gunkul Dhumrongpiyawut
Dear shareholders of Gunkul Engineering Public Company Limited
In 2023, the economy in both the public and private sectors began to show signs of recovery following a gradual improvement in the COVID-19 situation. However, new factors in politics, geopolitics, and the implementation of financial policies of various countries simultaneously led to volatility in the global economy, raising energy prices and inflation rates. Nevertheless, Gunkul Engineering Public Company Limited and its affiliated companies continue to grow. This was achieved through the strong performance of the Company, which employs sustainable energy without relying on volatile fossil fuel sources. This is a testament to the success of the Company that has a vision to focus on investing in clean and environmentally friendly renewable energy. As a result, the Company was able to achieve solid performance despite the context of fluctuating energy prices.
With the goal of growth in investment and development of clean energy to lay the groundwork for energy security, both domestic and abroad, the issue of sustainability has thus been defined as a main mission and corporate culture which have been relentlessly pursued. GUNKUL aims to be one of the producers of electricity from renewable energy with the cumulative number of megawatts increasing to 2,000 megawatts in 5 years, with a total investment budget of 45,000 Million Baht, and has a reduced corporate carbon footprint in order to achieve the goal of net zero greenhouse gas emissions by 2050.
GUNKUL received the results of corporate governance assessment of Thai listed companies for the year 2023 in 5-star level or “Excellent” (Excellent CG Scoring) for the seventh consecutive year, which reinforces that the Company has continued excellent corporate governance and is transparent in disclosing information. Along with conducting business for the organization to grow sustainably.
Moreover, the Stock Exchange of Thailand (SET) announced the list of sustainable stocks of the year 2023 or SET ESG Ratings, changed the name from 'THSI Sustainable Stocks (Thailand Sustainability Investment) to Sustainable Stocks SET ESG Ratings’ for the first year. GUNKUL has been selected as one of the sustainable stocks for the third consecutive year and has been assessed SET ESG Ratings at the AA level from the sustainability assessment covering economic, social, and environmental dimensions. This represents a significant development in ESG disclosure, with an emphasis on balancing environmental conservation, social responsibility, and management according to the principles of corporate governance (ESG), ready to deal with the changing factors in both society and environment. Including focusing on engaging and responding to the expectations of all groups of stakeholders for sustainable growth together.
All of these remarkable achievements mark another milestone that emphasizes the importance of driving the organization towards stable and sustainable growth. Therefore, it can be said that in the previous year, the Company was assuredly able to achieve its goals and make progress in significant strategic dimensions in terms of growth, profitability and sustainability, all of which have enhanced the confidence of investors and stakeholders of all sectors in the long run.
Under the vision of being a leader in renewable energy business, integrated electrical equipment and system with cutting-edge technology and innovation to develop a strong and sustainable infrastructure based on GUNKUL’s philosophy, operating results in 2023 are considered a period in which the Company has made important developments in every dimension.
Throughout 2023, the success that has been achieved is a testament to the Company's commitment to being a Thai company that brings clean energy technology to benefit the country, raise the quality of life of people in the community by creating sustainable value, and maintain competitiveness by evolving along with the ever-changing world. Along with participating in the development of society, community and environment to jointly push every sector to grow together stably and sustainably.
On behalf of the Company, I would like to thank you the Board of Directors, executives, staffs, customers, partners, alliances, shareholders, financial institutions, government agencies, community enterprises, as well as relevant stakeholders who have an important role in creating success and great pride for the Company.
On behalf of the Company, I would like to thank you the Board of Directors, executives, staffs, customers, partners, alliances, shareholders, financial institutions, government agencies, community enterprises, as well as relevant stakeholders who have an important role in creating success and great pride for the Company.