# SEC Thailand Partners with PRI and AIGCC for Climate Action Plans Masterclass

- Link: https://www.thailand-business-news.com/markets/173089-sec-thailand-partners-with-pri-and-aigcc-for-climate-action-plans-masterclass
- Published: 2024-11-05T15:41:34+07:00
- Author: SiamNews PR

**The SEC Thailand, PRI, and AIGCC hosted a masterclass in Bangkok to empower asset
managers in enhancing climate governance practices and developing robust climate
action plans.**

---

Bangkok, 4 November 2024 – The Securities and Exchange Commission, Thailand (SEC),
in collaboration with the Principles for Responsible Investment (PRI) and Asia Investor
Group on Climate Change (AIGCC), hosted “Deep-dive Masterclass on ICAPs Expectations
Ladder: Governance” on 1 November 2024. This masterclass aimed at empowering Thai
asset managers to enhance their climate governance practices and develop robust 
climate action plans.

ADVERTISEMENT

The workshop focused on the ‘Governance Pillar’ of the ICAPs Expectations Ladder,
which provides investors with a framework for integrating climate-related considerations
into governance structures, policy development, accountability measures, and board
reporting. Attendees received practical guidance on initiating climate action plans,
including skill assessments and planning and evaluation processes.

Ms. Pornanong Budsaratragoon, SEC Secretary-General, said: “Amid the growing global
momentum for sustainable finance, the asset management industry must move beyond
acknowledging climate risks to taking decisive, forward-looking action. This masterclass
provides a crucial platform for asset managers to deepen their climate governance
practices and develop actionable climate plans. In partnership with PRI and AIGCC,
we are dedicated to equipping Thailand’s asset managers with the practical tools
and insights needed to embed climate considerations into governance structures, 
fostering a resilient, responsible investment ecosystem that drives long-term value
for investors and contributes to a sustainable future. We look forward to continued
collaboration with PRI and AIGCC in building a sustainable capital market that supports
Thailand’s transition toward a net zero emissions economy.”

Mr. James Robertson, Head of Asia (ex-China & Japan), PRI, shared: “PRI is very 
pleased to partner with SEC Thailand for the fourth consecutive year, alongside 
AIGCC for the second year, to progress responsible investment knowledge and collaboration
in the market. Alongside Environmental and Social factors, Governance is an essential
component for investors to consider in their investment and ownership decisions.
The focus on governance in Investor Climate Action Plans (ICAPS) this year underscores
the importance of this factor for investors to ensure climate action is undertaken
within a supportive and robust governance framework. The fantastic level of engagement
from workshop participants was very encouraging, and we look forward to supporting
continued progress in responsible investment in Thailand and beyond.”

Ms. Monica Bae, Director of Investor Practice, AIGCC, added: “We are delighted to
have our second collaboration with SEC Thailand on this deep-dive masterclass on
climate-related risks and practices. We hope that this masterclass co-hosted with
PRI has provided participants insights on integrating climate-related considerations
into their governance structures. Strong climate governance would help ensure that
boards understand and mitigate climate risks and oversee climate action plans that
would bring in long-term value for their beneficiaries. We look forward to being
involved in similar masterclasses in the future.”

### Related**Posts**

###  󠀁[Asian stocks retreat as oil rises above $100 and investors reassess global rate risks](https://www.thailand-business-news.com/markets/333019-asian-stocks-retreat-as-oil-rises-above-100-and-investors-reassess-global-rate-risks)󠁿

###  󠀁[Asian markets hold up despite bond rout as US yields enter a structurally higher regime](https://www.thailand-business-news.com/markets/332037-asian-markets-hold-up-despite-bond-rout-as-us-yields-enter-a-structurally-higher-regime)󠁿

###  󠀁[Local Influences and Return Chasing: Entering a New Era in Emerging Equity Markets](https://www.thailand-business-news.com/markets/329573-local-influences-and-return-chasing-entering-a-new-era-in-emerging-equity-markets)󠁿

###  󠀁[Thailand faces a fresh LNG squeeze as Hormuz crisis pushes prices toward US$28/MMBtu](https://www.thailand-business-news.com/markets/commodities/330458-thailand-faces-a-fresh-lng-squeeze-as-hormuz-crisis-pushes-prices-toward-us28-mmbtu)󠁿

The event brings together representatives from leading asset management firms to
engage in in-depth discussions and interactive sessions. Attendees also participate
in hands-on workshops to draft climate action plans tailored to their organizations’
specific needs.

**Source** : [Empowering Asset Managers: SEC Thailand Partners with PRI and AIGCC for Climate Action Plans Masterclass](https://www.sec.or.th/EN/Pages/News_Detail.aspx?SECID=11286&rand=113627)