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Thai firms tops the world’s sustainability ranking by S&P Global

Boris Sullivan

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The Stock Exchange of Thailand revealed that 11 Thai firms have been awarded in Gold Class, the world’s highest ranking by number in sustainability aspect in “The Sustainability Yearbook 2021” conducted by S&P Global.

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Of the total 11 companies, 10 are SET-listed companies and the other one is a Thai company, strikingly resonating that the sustainability approach is viable and has leveled up the country’s capital market to be widely recognized in international arena.

11 Thai companies ranked in Gold Class category

The 11 Thai companies ranked in Gold Class category comprise 10 listed firms: Banpu pcl (BANPU), BTS Group Holdings pcl (BTS), IRPC pcl (IRPC), PTT pcl (PTT), PTT Exploration and Production pcl (PTTEP), PTT Global Chemical pcl (PTTGC), Siam Cement pcl (SCC), Thai Oil pcl (TOP), True Corporation pcl (TRUE) and Thai Union Group pcl (TU); and a Thailand-based company: Thai Beverage pcl.

This year, the total of 29 Thai companies that ranked in The Sustainability Yearbook 2021 has made Thailand reach the 7th spot in the world behind the US, Japan, South Korea, the UK, France and Taiwan.

Significantly, 11 Thai companies have recently been ranked in Gold Class category in S&P Global’s “The Sustainability Yearbook 2021”, remarkably considered the highest number globally.

SET President Pakorn Peetathawatchai

SET President Pakorn Peetathawatchai said that SET has continuously promoted the Thai capital market toward sustainability development to benefit all stakeholders, in line with SET’s vision ‘To Make the Capital Market Work for Everyone’.

In addition, SET has also encouraged the business sector to embrace environment, social,  and governance or ESG principles in their operation while enhancing performance to boost balanced growth between business and society hand in hand. .

“SET supports listed companies across the board at all levels and industries to integrate sustainability into business operations and promotes sustainable investing  by developing and uplifting quality of ESG disclosure as well as improving information reporting process to provide utmost benefit to both listed companies for business operation development and investors for efficient analysis and securities valuation.

The selection is based on sustainability assessment of over 7,000 companies across 40 countries,” Pakorn added.

For further information, please visit https://www.spglobal.com/esg/csa/yearbook/.

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