Dr. Somboon Aueatchasai
Chief Executive Officer

Dear our Shareholders, Gunkul Engineering Public Company Limited

In the past year of 2024, we have overcome significant challenges, along with a clear commitment to fostering sustainable growth while being responsible towards society and the environment.

Accordingly, we operate with a vision to develop strong and sustainable infrastructure, emphasizing our involvement in addressing social and environmental issues and responding to global changes such as climate change, biodiversity, geopolitics, and investment decisions that take sustainability factors into account. These are matters we are fully aware of and act upon seriously under the commitment “Not only the energy, We care” in striving to develop our business to grow steadily while preserving natural resources and promoting well-being of all our stakeholders in a balanced way. This is how we aim to lead GUNKUL towards sustainable growth in all dimensions — economically, socially, and environmentally.

We are committed to growth in the sustainable renewable energy business, developing environmentally friendly energy solutions to drive the transition to a low-carbon society. Accordingly, we have developed and expanded solar and wind power plant projects, with a total renewable energy production capacity of over 1,500 megawatts across 4 countries. We also aim to increase this capacity to 2,000 megawatts within the next 5 years. In the Engineering and Turnkey business, we have enhanced our EPC (Engineering, Procurement, and Construction) services for renewable energy power plant projects. In 2024, we provided construction services for a large-scale solar farm project with a capacity of 62 megawatts in supporting the industrial sector’s use of renewable energy and driving the transition from traditional energy sources to new energy forms. Our project development aligns with biodiversity protection requirements and policies. Moreover, to raise awareness and reduce greenhouse gas emissions from organizational activities, we have studied and developed shortterm greenhouse gas reduction targets, as well as long-term goals towards Net Zero by joining the Achieve Climate Action Set a challenging target to Net Zero program by the Stock Exchange of Thailand to adopt the Science Based Targets initiative (SBTi) principles to enhance the establishment of goals and action plans for reducing greenhouse gas emissions, ensuring sustainable development in our business operations.

We promote social development and engagement by focusing on social development in multiple dimensions, alongside creating justice and equal opportunities both within the organization and society. This also includes supporting the development of a sustainable supply chain network, which not only benefits the business but also creates a positive impact on society as a whole. By that, we promote environmentally friendly procurement practices and support the reduction of greenhouse gas emissions within the supply chain, while also developing innovations and high-quality products to meet customer needs effectively. Moreover, we develop technologies and innovations to produce modern, sustainable, and affordable energy for consumers with operational strategy based on 3 main areas: 1) Enhancing business capabilities by collaborating with business partners to create efficient and rapid new energy business models 2) Developing people by enhancing employees’ skills and potential to tackle new opportunities and challenges, and 3) Applying cutting-edge technologies to develop the electricity grid into a Digital Grid that enhances operational efficiency and energy sustainability in the future.

We are committed to the principles of good corporate governance and business ethics as a fundamental foundation for operations, ensuring that work at all levels meets standards with transparency, accountability, and sustainability. In 2024, we were assessed by SET ESG Ratings and achieved an AA rating. As well, we received the highest score in good corporate governance and were awarded the “Excellent” rating by the Thai Institute of Directors. Moreover, we were honored with the Role Model Organization in Human Rights Award in the large-scale business organization category at the Outstanding level, reflecting our vision and commitment to conducting business under the principle of respecting human rights and promoting sustainable growth alongside stakeholders with good governance. We also aim to foster social and environmental stability, ensuring that every decision and action has a positive long-term impact on society.

On behalf of the Board of Directors, management, and employees of Gunkul Engineering Public Company Limited, we are confident in our potential and readiness to drive this significant transformation.

We are committed to collaborating with all sectors for sustainable growth, and we would like to express our gratitude to all stakeholders for their support and trust in our vision. We will continue moving forward to deliver clean energy and create a sustainable future for everyone.