Abstract
The Stock Exchange of Thailand has renamed Thailand Sustainability Investment to “SET ESG Ratings” and announced ESG assessment results with four levels. 193 listed companies have passed the criteria, reflecting increasing importance of ESG aspects. The results showed improvements in certain areas, but companies still need to improve disclosure on risk management, human rights issues, and social development projects. Companies must meet certain qualification criteria to pass the SET ESG Ratings.
SET Renames THSI to “SET ESG Ratings”
The Stock Exchange of Thailand (SET) has changed the name of Thailand Sustainability Investment (THSI) to “SET ESG Ratings” and has released the ESG assessment results using a four-level rating scale: AAA, AA, A, and BBB. This move aims to provide investors with more comprehensive information. In 2023, a total of 193 listed companies have achieved the SET ESG Ratings, indicating the increasing importance that these companies place on environmental, social, and governance (ESG) aspects in their business operations.
SET Encourages Responsible and Sustainable Growth
SET President Pakorn Peetathawatchai emphasizes that SET encourages businesses to operate responsibly and consider ESG aspects to foster strong and sustainable growth. The number of listed companies participating voluntarily in the assessment and passing it has been steadily increasing since 2015. Stakeholders in the capital market are also increasingly seeking ESG information alongside financial information when making investment decisions. The SET ESG Ratings not only provide insightful data for investors and fund managers but also serve as a benchmark for listed companies to improve their ESG performance, attract investors, and access funding.
