Persistently high inflation, volatile energy prices, slower-than-expected growth in China and ASEAN, and the ongoing climate crisis remain key global concerns. While Thailand’s economy shows signs of recovery, particularly in the tourism sector, it continues to confront both domestic and external challenges. The petrochemical industry, in particular, is under increasing pressure due to China’s capacity expansion, which benefits from cost and raw material advantages amid slowing global demand and stricter environmental regulations. These factors collectively impact the stability of Thailand’s economy and industries on a broader scale.

IRPC Public Company Limited has been closely monitoring these uncertainties through prudent governance and comprehensive strategic decision-making. IRPC remains committed to maintaining financial stability to strengthen its competitive advantage. The Board of Directors adheres to its fiduciary duty with a steadfast commitment to maximizing benefits for the Company, shareholders, and all stakeholders in a balanced manner. IRPC supports management operations across all aspects while emphasizing internal control, risk management, organizational development, anti-corruption, and corporate governance to ensure transparency, fairness, and long-term sustainability.

In 2024, IRPC has been recognized and awarded by various institutions, including being selected as a member of the Dow Jones Sustainability Indices (DJSI) for the 11th consecutive year in the Oil & Gas Refining and Marketing industry group. Additionally, IRPC was awarded an “Excellent” CG Scoring Company rating in the Corporate Governance Report for Thai Listed Companies (CGR) by the Thai Institute of Directors (IOD) for the 16th consecutive year. IRPC also holds the distinction of being the first and only private organization in Thailand to receive the “Gold-Level Outstanding Organization” award for Human Rights Excellence in the Large Business Category from the Department of Rights and Liberties Protection, Ministry of Justice.

On behalf of the Board of Directors, I would like to express my sincere gratitude to our shareholders and stakeholders for your unwavering trust and continuous support. I would like to extend my heartfelt appreciation to the management team and all employees for your dedication and commitment to building a better and more sustainable future together.