CEO Message

Upholding the principles of high-quality construction, the company prioritizes creating value for society and the nation while ensuring fair and equitable returns for shareholders and all stakeholders. CH. Karnchang adheres to international standards and environmentally responsible construction practices (Green Construction), fostering sustainable social development in parallel with professional governance under ESG (Environmental, Social, and Governance) principles. In alignment with the United Nations Sustainable Development Goals (SDGs) and international sustainability assessment frameworks, CH. Karnchang was recognized in 2024 as a sustainable stock with an AA rating in the SET ESG Ratings, as evaluated by the Stock Exchange of Thailand (SET). Additionally, the company has been actively preparing for the evolving sustainability assessment framework of SET by enhancing transparency in sustainability disclosures in accordance with FTSE Russell ESG Scores. As a globally recognized ESG rating agency and a subsidiary of the London Stock Exchange Group (LSEG), FTSE Russell will begin full public disclosure of ESG Scores in 2026. Moreover, CH. Karnchang has received numerous prestigious awards, including Best CEO, Best CFO, and Best IR in the Real Estate and Construction category at the IAA Awards for Listed Companies 2024, presented by the Investment Analysts Association (IAA). The company has also been named in the ESG 100 list for 2024 for the eighth consecutive year, as recognized by the Thaipat Institute. In addition, CH. Karnchang achieved an “Excellent” rating in the 2024 Corporate Governance Evaluation of Thai Listed Companies, awarded by the Thai Institute of Directors (IOD), along with an “Outstanding” rating in the 2024 AGM Checklist from the Thai Investors Association. The company has also been honored with environmental management awards for outstanding sustainability practices in project execution, as recognized by the Mass Rapid Transit Authority of Thailand (MRTA).

The recognition and achievements attained by CH. Karnchang reflect its unwavering commitment to corporate governance, social and environmental responsibility, and the pursuit of sustainable business growth. CH. Karnchang has established its operational framework based on the corporate values of “C-K-S-A-T-I”, reflecting the company’s unwavering commitment to delivering high-quality projects through its skilled and knowledgeable workforce. By fostering collaboration across the CH. Karnchang Group, the company ensures long-term sustainability while proactively adapting to industry advancements. CH. Karnchang remains dedicated to ethical work practices, teamwork, and continuous innovation. Under the strategic approach of "Building Resilience: Focusing on Sustainable Infrastructure," the company has set forth its future development plans for construction and infrastructure projects. It upholds transparency in its operations and discloses performance in accordance with the Global Reporting Initiative (GRI) Standards 2021, aligning with internationally recognized sustainability assessment frameworks. These initiatives are designed to meet stakeholder expectations and support the industry's ongoing transformation toward sustainability.

In 2024, CH. Karnchang conducted a comprehensive materiality assessment, evaluating both internal and external factors, risks, and opportunities that affect its business operations. The assessment also incorporated stakeholder expectations across the entire value chain. As a result, the company identified 11 key sustainability issues, spanning the economic, corporate governance, social, and environmental dimensions. A prioritization process revealed that seven issues were of the highest importance : Energy management and climate change adaptation, Good corporate governance, Occupational health and safety, Environmental management, Workforce management and employee well-being, Product safety and quality, and Social and community engagement.

CH. Karnchang has made these top-priority areas, embedding them into its strategic management approach while closely monitoring their implementation and impact. These critical issues not only contribute to the company's operational efficiency but also have a significant effect on its stakeholders. CH. Karnchang has established its sustainability policies and operational guidelines to reinforce its commitment to long-term sustainable business development. These policies provide a strategic framework that guides employees toward shared business objectives while fostering stakeholder engagement throughout the value chain. The implementation of these policies and guidelines is essential to embedding sustainability into project-level operations. CH. Karnchang prioritizes initiatives that cultivate a sustainability-driven corporate culture, focusing on impact management and mitigation of potential economic, environmental, and social effects associated with its construction and infrastructure development projects. Additionally, the company maintains a comprehensive monitoring system to assess and enhance the effectiveness of its sustainability efforts.

In 2024, CH. Karnchang secured multiple high-value contracts, reinforcing its position as a leader in infrastructure development. These contracts include: The civil works (design and construction) contract for the Orange Line Mass Transit Project (Bang Khun Non – Thailand Cultural Center section), valued at THB 82.502 billion. The procurement of electrical and mechanical systems (M&E work) contract for the Orange Line Mass Transit Project (Bang Khun Non – Min Buri [Suwinthawong] section), valued at THB 26.714 billion. The additional train procurement and system upgrade contract for the Blue Line Mass Transit Project, valued at THB 6.8 billion. With additional projects underway, the total contract value for 2024 exceeds THB 100 billion. These projects are expected to drive sustainable and steady growth, ensuring stable revenue and strong returns for both the company and its shareholders. Looking ahead to 2025, CH. Karnchang anticipates new government-led infrastructure projects and remains dedicated to expanding its business through effective cost management, while upholding environmental, social, and governance (ESG) best practices. With a strong track record and operational expertise, the company is confident in its ability to successfully compete for and secure new projects in line with its strategic growth objectives.

In alignment with its commitment to sustainable development, CH. Karnchang continues to advance the Community Craftsmen Innovation Program, now in its fourth year, in collaboration with the National Innovation Agency (NIA) and ChangeFusion Institute. This initiative is designed to enhance the technical skills of local craftsmen, equipping them with the expertise needed to drive innovation and improve efficiency, ultimately fostering sustainable income generation and long-term community growth.

In the realm of environmental management, CH. Karnchang emphasizes the responsible and efficient use of resources, including water recycling, sustainable construction material utilization, waste reduction, and recycling practices. Additionally, the company actively mitigates environmental impacts, such as air and water quality control in construction zones. A key aspect of this commitment is the integration of innovative technologies, including the deployment of solar power systems on project buildings to enhance energy efficiency and reduce carbon emissions.

Driven by a vision of engineering excellence for sustainable infrastructure, CH. Karnchang remains steadfast in conducting business with integrity and responsibility, ensuring that growth is balanced across economic, social, and environmental dimensions. By prioritizing business expansion, human capital development, and ecosystem preservation, the company continues to foster sustainable progress for its stakeholders, communities, and the nation.

On behalf of the Board of Directors, we sincerely appreciate the trust and steadfast support of all stakeholders over the past 52 years. We also extend our deepest gratitude to our dedicated employees, whose unwavering commitment and expertise in upholding the highest engineering standards have been instrumental in propelling our organization forward. Their dedication has been a cornerstone of our continued stability and sustainable growth.