The Stock Exchange of Thailand pledges to achieve net-zero emissions by 2050, following the Science Based Targets initiative.
SET Commits to Net-Zero by 2050
The Stock Exchange of Thailand (SET) has announced its commitment to achieving Net-zero by 2050, in line with the Science Based Target initiative (SBTi) Net-Zero Standard. This commitment is driven by a desire to address the growing climate crisis and its impact on the economy, society, and environment. SET’s strategic plan aligns with the Paris Agreement’s goal of limiting global temperature rise to below 1.5 degrees Celsius, reinforcing its dedication to sustainability both within the organization and externally.
Driving Sustainable Operations
President Pakorn Peetathawatchai emphasized the urgency of collective action to address the climate crisis and highlighted SET’s role in promoting sustainable growth in the capital market. The organization has set its sights on achieving Net-zero by 2050, covering direct and indirect greenhouse gas emissions across its value chain.
In addition, SET has implemented measures such as improving energy efficiency, adopting green procurement practices, and promoting ESG knowledge to stakeholders in the capital market, demonstrating a commitment to social and environmental responsibility.