Central Pattana Public Company Limited
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Central Pattana (CPN) is a leading Thai company that operates in the Regional Malls Own & Develop sector. With a strong focus on sustainability, CPN has been at the forefront of decarbonisation efforts in Thailand, implementing innovative strategies to reduce its carbon footprint and promote the use of renewable energy sources.
As a major player in the retail industry, CPN recognises the importance of corporate energy management in achieving its sustainability goals. The company has implemented a range of energy-saving measures across its portfolio of malls, including the use of energy-efficient lighting, HVAC systems, and building automation technologies. These measures have helped to reduce the company's energy consumption and greenhouse gas emissions, while also improving the comfort and experience of its customers.
In addition to these measures, CPN has also invested in corporate power purchase agreements (PPAs) to support the development of renewable energy projects. Through these agreements, CPN purchases electricity from renewable sources such as solar and wind farms, helping to increase the share of renewable energy in Thailand's energy mix. CPN has also installed solar panels on the rooftops of its malls, generating clean energy on-site and reducing its reliance on grid electricity.
CPN's commitment to decarbonisation and renewable energy is reflected in its sustainability targets. The company has set a goal to reduce its greenhouse gas emissions by 30% by 2030, compared to its 2019 baseline. To achieve this target, CPN is implementing a range of initiatives, including energy efficiency improvements, the use of renewable energy sources, and the adoption of low-carbon technologies.
One of CPN's flagship sustainability projects is the CentralPlaza Ladprao mall in Bangkok, which has been designed to be a model of sustainable development. The mall features a range of energy-saving technologies, including a building automation system that optimises energy use, and a solar power system that generates clean energy on-site. The mall also incorporates green spaces and water features to promote biodiversity and improve the local environment.
CPN's commitment to sustainability has been recognised by a range of international organisations. In 2020, the company was included in the Dow Jones Sustainability Index (DJSI) for the fifth consecutive year, reflecting its strong performance in environmental, social, and governance (ESG) criteria. CPN was also ranked as the top Thai company in the 2020 Global Real Estate Sustainability Benchmark (GRESB), which assesses the sustainability performance of real estate companies and funds worldwide.
Looking ahead, CPN is committed to continuing its decarbonisation and renewable energy efforts, and to promoting sustainability across its operations. The company has set a goal to achieve carbon neutrality by 2050, and is exploring a range of strategies to achieve this target, including the use of carbon offsets and the adoption of low-carbon technologies. CPN is also working to promote sustainable practices among its suppliers and partners, and to engage with customers and stakeholders to raise awareness of sustainability issues.
In conclusion, Central Pattana is a leading Thai company that operates in the Regional Malls Own & Develop sector. With a strong focus on sustainability, CPN has been at the forefront of decarbonisation efforts in Thailand, implementing innovative strategies to reduce its carbon footprint and promote the use of renewable energy sources. Through its energy-saving measures, corporate PPAs, and commitment to sustainability targets, CPN is setting an example for other companies in the retail industry and beyond.