100
Annual Report
2013
3.7 International Environment and
Occupational Health Standard
The Company has encouraged its subsidiaries
to adopt international standard operations, such as
the ISO 14001, OHSAS 18001 and various standards
issued by the Department of Industrial Works. These
standards have been implemented constantly
and seriously in large scale powerplants, such as
Ratchaburi Power Plant, Tri-Energy Power Plant and
the Ratchaburi Power’s Power Plant, as well as small
power plants, such as Solarta solar power plant, PTO
Power Plant and Saothien Power plant.
3.8 Community Participation
One of its top priorities under the Company’
social and environment policy is to promote
communityparticipationwhichhasbeen implemented
in every stage and period of its operation and project
development. During project development period,
the Company studied technical information in
parallel to a study on economic, social, culture
and way of life of the nearby communities in order
to prepare community participation plan and key
communication messages as well as activities to
promote understanding between the project and
communities. Public hearing was also held to provide
opportunity for the communities to share their view
on the areas required by government agencies and
related authorities. During the construction period,
the Company communicated regularly with the
communities to ensure understanding of the project
development and the Company’s policy. When the
project is up and running, effective communications
with the communities continue. TheCompany always
listens to the communities’ recommendation for on-
going development and improvement of activities
that better address community needs.
Ratchaburi Electricity Generating Company
Limited also initiated the “Ratchaburi Power Plant
Environmental Inspector Committee”, comprising
representativesfromcommunities,communityleaders,
local administration andprovincial administration. The
committee is responsible for monitoring and ensuring
that the power plant operations are in accordance
with the Ratchaburi Power Plant’s prevention
and reduction of environmental impact measures
stated in the environmental impact assessment and
environmental qualitymonitoring operation plan. The
committee also acts as the center for cooperating
with power plants, providing information and news
update or problems and possible issues that may
cause problems, and recommendation shared
by communities. The meeting serves as another
important channel that promotes community
participation inmonitoring the Company’s operation.
4. Disclosure of Information and
Transparency
4.1 Type of Disclosed Information
The information being disclosed comprises
financial and non-financial information and periodic
and non-periodic report. The objective of the report
is to provide sufficient and complete information that
support the readers’ investment decision.
4.2 Quality of Disclosed Information
Quality of disclosed information includes
accuracy, completeness, clarity, sufficiency and
timeliness as mentioned in the Shareholders’ Right.
The Board of Directors has prepared the Board of
Directors’ Report on its Responsibility to Financial
Reports and published it together with the Auditor’s
Report in the annual report and the Audit Committee
provided its opinion on the quality of the financial
statements as published in the Audit Committee’s
Report.
Thequalitydisclosureof significant information
to outsiders demonstrates to the public the
Company’s commitment to maintaining operational
transparency. In addition, it promotes confidence and
credibility among investors and stakeholders. The
Board of Directors and the management, therefore,
have ensured that the assigned persons disclose
significant information not only at theminimum legal
requirement but also by taking into account equal
rights of investors to have access to such information.
4.3 Information Disclosure Channels
The Company has clearly assigned specific
