# SET partners with FTSE Russell to asses sustainability efforts of Thai listed companies

- Link: https://www.thailand-business-news.com/investment/154357-set-partners-with-ftse-russell-to-asses-sustainability-efforts-of-thai-listed-companies
- Published: 2024-08-01T09:25:00+07:00
- Author: Jessica Lee

**SET announces collaboration with FTSE Russell to develop sustainable framework.
This partnership aims to enhance ESG standards for Thai listed companies.**

The Stock Exchange of Thailand (“SET”) has partnered with FTSE Russell, a global
provider of benchmarks and index solutions, to enhance standards among listed corporates
in Thailand. FTSE Russell, a subsidiary of LSEG, will provide a sustainability scoring
framework to replace the existing SET ESG Ratings by 2026. The new framework, utilizing
FTSE Russell’s ESG Data Model, will undergo a pilot phase from 2024-2025 to ensure
stakeholder readiness and bring Thai capital market practices in line with international
sustainability standards.

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## SET to Adopt FTSE Russell’s ESG Data Model for Assessing Sustainability Efforts

Currently, SET ESG Ratings are voluntary for listed companies and evaluated based
on questionnaire responses and qualification requirements approved by SET’s Sustainable
Investment Committee. With the adoption of FTSE Russell’s ESG Data Model, eligible
companies will undergo assessments using publicly available data, aligning them 
with global sustainability best practices. This approach aims to enhance credibility,
transparency, and standardisation, enabling investors to benchmark results against
both domestic and international peers. SET President, Dr Pakorn Peetathawatchai,
highlights the SET’s commitment to excel in sustainability and gain international
recognition through this partnership with FTSE Russell, a trusted provider of ESG
assessments globally.