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The Stock Exchange of Thailand announces 41 Thai companies recognized with S&P Global Sustainability Awards, ranking Thailand 4th globally, demonstrating Thai businesses’ growing focus on sustainability.
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Thai Companies Recognized for Sustainability Efforts
The Stock Exchange of Thailand (SET) announced that 41 Thai companies were recognized with S&P Global Sustainability Awards by S&P Global, making Thailand the world’s fourth highest by number. Compared to the preceding year, the number of Thai companies in the S&P Global Sustainability Yearbook 2022 rose by 12. This increase showcases the outstanding sustainability potential of Thai businesses and underscores both local and international investors’ confidence.
SET Supports Thai Companies in Sustainability Efforts
SET President Pakorn Peetathawatchai stated that SET has been supporting Thai companies in various ways to prioritize performance for sustainable growth, focusing on taking care of the society and the environment. The Thai bourse has helped Thai companies integrate sustainability into their business operations to optimize benefits and push the country’s sustainability. This aligns with SET’s vision ‘To Make the Capital Market Work for Everyone’. Notably, 38 of the recognized companies are SET-listed companies, demonstrating the success of SET’s efforts to promote sustainability among Thai businesses.
S&P Global, a leading provider of credit ratings, benchmarks, and analytics, has included 41 Thai companies in its 2022 Sustainability Yearbook, recognizing their outstanding environmental, social, and governance (ESG) performance. The selected companies are part of a prestigious list of 697 companies globally that have demonstrated a strong commitment to sustainability. The ranking is based on an assessment of companies’ ESG disclosure and performance, using data from S&P Global’s SAM Corporate Sustainability Assessment (CSA). The 41 Thai companies, including PTT, SCG, and BTS Group, have shown remarkable progress in implementing sustainable practices and reporting their ESG performance. The ranking highlights Thailand’s growing focus on sustainability, with many companies prioritizing ESG considerations in their business operations. The recognition is expected to further encourage Thai companies to adopt sustainable practices, driving long-term growth and value creation for stakeholders.
Source : S&P Global names 41 Thai companies in sustainability ranking
