WHAUP Attained the Highest Rating of “AAA” in SET ESG Ratings 2023, Listed as a Sustainable Stock for the 4th Consecutive Year, Reaffirming its Plans to Steering Towards Utilities – Power Investment to Achieve Sustainable Returns

Bangkok – WHA Utilities and Power PLC or WHAUP has been listed as a Thailand Sustainability Investment Stock in the resource sector for four consecutive years and has achieved the highest rating of "AAA" in the SET ESG Ratings 2023. This recognition reflects the company’s strong commitment to creating sustainable growth in line with its investment plans in utilities (water) and clean energy businesses, both domestically and internationally. Its business operations are also aligned with the Environment, Social, and Governance (ESG) principles which have served the investment purpose of achieving sustainable and long-term returns.

Mr. Somkiat Masunthasuwun, Chief Executive Officer of WHA Utilities and Power PLC (WHAUP), revealed that as a result of the company’s commitment to driving sustainable business growth, it has been consistently chosen as one of the listed companies in Thailand Sustainability Investment Stock (THSI), marking the fourth consecutive year of inclusion into the lists. Recently, the Stock Exchange of Thailand has rebranded THSI (Thailand Sustainability Investment) to SET ESG Ratings. WHAUP has achieved the highest rating of “AAA” (total score of 90-100) in SET ESG Ratings, reflecting its dedication to conducting business with a focus on sustainability in every dimension ranging from risk and opportunity management, to competitiveness, and trust from relevant stakeholders. The Environmental, Social, and Governance (ESG) principles are also taken into account to foster resilience and long-term business growth.

WHAUP consistently underscores its business operations with a commitment to ESG principles, reinforcing the company's growth prospects which aligns with the company’s investment strategy in utilities (water) and clean energy businesses, both domestically and internationally. The focus is on achieving business growth in parallel with environmental responsibility, especially in reducing greenhouse gas emissions, with a dedication to sustainable development. This approach has served the investment purpose of achieving sustainable and long-term returns. It is a growing global investment trend at this time.

Being selected as a Sustainable Investment Stock signifies the company's achievement in conducting business towards sustainable growth. Some of the company's projects aligned with the ESG framework include the "Wastewater Reclamation Project," which adds value to wastewater by recycling it into Demineralized Water and Premium Clarified Water. Another project is the Peer-to-Peer (P2P) Energy Trading, a solar power trading platform among customers within the WHA Industrial Estates. This project aligns with the company's goal to reduce greenhouse gas emissions, as per its sustainable business development policy.