Gulf Power Company

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Pensacola power users patronize Gulf Power. The regulated utility, a subsidiary of Southern Company, transmits and distributes electricity to more than 430,650 customers in 10 counties in northwestern Florida. Gulf Power generates more than 2,660 MW of capacity from its fossil-fueled power plants, and it operates 1,600 miles of transmission lines and more than 7,680 miles of distribution lines in its service territory. The utility, which serves 10 counties and more than 70 towns and cities, also provides wholesale electricity to two distributors in Florida, and it offers conservation programs, outdoor lighting, surge protection, and other energy-related products and services.

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2.5

Overall Excellence Rating

Industry

Utilities

Category

Energy & Utilities

ESG/Ethical Impact

As a leading company that has its beginning in Thailand’s energy sector, Gulf Energy Development Public Company Limited (“GULF”) has always believed that our business success must be achieved in conjunction with an improvement in the quality of life of our stakeholders and the general society. As such, we have, from the very beginning, maintained a commitment to conduct business in a responsible manner in order to drive sustainability in the economic, environmental, and social dimensions within the framework of good corporate governance. In 2022, we were able to make good progress towards our vision, with significant successes in business growth – such as the full commercial operation of our GSRC power project, which will support development in the Eastern Economic Corridor, as well as the signing of Tariff MOUs for two hydroelectric power projects which will provide clean energy to the country – along with key achievements in our environmental, social and governance (ESG) management. We have maintained our robust approach to environmental management, allowing us to achieve our target of Zero Operational Waste to Landfill for the third consecutive year, as well as applying innovative solutions to improving operational efficiency, which has led to good performance in terms of maintaining air and water quality. Significantly, our efforts have resulted in reduced fuel consumption, translating into over 70,000 metric tons of avoided greenhouse gas emissions. Without doubt, 2022 has also been a significant year for GULF in terms of enhancing our governance, especially with regard to ESG issues. To demonstrate our support for and commitment to anti-corruption, human rights, and other vital matters, we have become a member of the United Nations Global Compact (UNGC). We also completed our journey to joining the Thai Private Sector Collective Action Against Corruption (CAC), having become officially certified as a member in March 2022. In addition, we have achieved ISO 27001 certification for our information security management system, which will help support our expansion into the retail energy business, including the digital, telecommunications, and virtual businesses. We have continued to apply our IMPACT framework to our social and community development work. Through our dedicated Community Relations team and with the participation of numerous employees across all functions of our organization, GULF conducted dozens of community investment programs which reached over 166,000 beneficiaries in 2022, or a cumulative total of over 800,000 beneficiaries since 2020, bringing us one step closer to achieving our target of helping one million people in five years.

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Awards Received

2023

Revenues

$1,500,000,000.00

Website Traffic

Employee Rating

3.6

Customer Rating

3.8

Company Size

10000+

ESG Risk Rating

2

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