Abstract
SET ESG Ratings 2024 saw a record 228 listed companies recognized. Soraphol Tulayasathien emphasized the importance of ESG performance for business competitiveness, with funds like TESG adopting the ratings. The criteria are regularly updated and companies failing to meet them may be removed.
Record High of 228 Listed Companies Recognized on SET ESG Ratings 2024
SET Senior Executive Vice President Soraphol Tulayasathien announced that SET ESG Ratings 2024 achieved a new milestone with 228 companies making it to the list. This reflects the increasing trend of sustainable investments both locally and globally. Soraphol emphasized that the SET ESG Ratings is a valuable tool for investors, analysts, and fund managers to evaluate the risk profiles and growth opportunities of businesses alongside other relevant information.
With ESG performance becoming crucial for business competitiveness and growth potential, funds like Thailand ESG Funds (TESG) and Vayupak Fund 1 (Class A) have adopted SET ESG Ratings as part of their investment policies. These funds manage significant assets and indicate a rising interest in sustainability among investors and listed companies, pointing towards a growth in ESG-focused funds in the future.
Positive Progress in SET ESG Ratings 2024 for Small and Medium-Sized Companies
In the latest SET ESG Ratings, 228 listed companies were recognized with various high ratings, indicating their commitment to sustainability practices. Notably, 106 medium and small-sized companies with market capitalization under THB 10 billion passed SET ESG Ratings criteria in 2024, showcasing a 43% increase from the previous year. The average scores of all companies improved across ESG dimensions, particularly in areas like climate risk management and carbon neutrality targets. The criteria for SET ESG Ratings are regularly updated to reflect the evolving ESG landscape, with strict monitoring in place to ensure compliance with the set standards.
