SET News 5/2021
February 4, 2021
SET launches practices of how 149 Thai listed firms weather through crisis
toward sustainable growth
BANGKOK, February 4, 2021 – The Stock Exchange of Thailand (SET) revealed
“Sustainable Development Showcase 2020” which has incorporated practices of how
149 listed companies managed the COVID-19-induced crisis. The report gathered
these companies’ information in aspects of emergency response, crisis
management, impact mitigation and business recovery, aiming to benefit business
owners and interested public in adapting the lessons learned.
SET Senior Executive Vice President Krisada Sektrakul said the COVID-19 outbreak
has accelerated the pace of disruption in diverse dimensions faced by
industries across the globe. A number of Thai listed companies have managed to
adapt to navigate through this difficult time with sound risk management system,
enabling business continuity. SET has recently incorporated practices and
showcased the experiences in managing businesses amid the unprecedented COVID-19
crisis in a report entitled ‘Sustainable Development Showcase 2020’ contributed
by 149 companies, also responded in sustainability assessment form, across the
sector. With Covid-19 making different types and magnitude of impact on
different sectors, the data collected revealed how companies resiliently
overcome enormous challenges by using varying management tools. The report is
expected to be useful and adaptable to other listed firms and interested
entrepreneurs in running their businesses.
“The information gathered exhibits Thai listed companies’ capabilities in
applying flexibility & agility, and adjusting well to handle crisis. They have
taken great care of their employees and stakeholders; innovated work processes,
products and services; and initiated new business models. In addition, they have
upskilled their employees and adopted new technology to quickly respond to
consumers’ needs. This is in line with SET’s plan to encourage listed companies
to integrate environment, social and corporate governance (ESG) principles in
their operations on their journey toward balanced growth,” said Krisada.
How the 149 listed companies resiliently handled the COVID-19 crisis is
comprehensively mapped under four frameworks: 1) Emergency Response 2) Crisis
Management 3) Impact Mitigation and 4) Business Recovery. Moreover, SET has
also created checklist for listed companies and other businesses to use as
guidelines for managing risks and business planning to ensure business
continuity in the midst of the crisis.
For more information, please visit www.setsustainability.com.
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