A large number of people joining the anti-government December 9 mass rallies are using the social media to communicate their actions to the world by using the hash tag; #Thaiuprising.
They have posted their photographs on Facebook, Twitter, and Instagram, allowing people all over the world to be informed about the protests in realtime.
The hash tag, #Thaiuprising, is for everyone joining the marches on Monday. News agencies as well as members of the public, can gather realtime information about the uprising through this dedicated hash tag.
It started on Facebook against the amnesty bill
Many Thai Facebook users who were against the controversial amnesty bill had changed their profile picture in protest.
They have been changed their Facebook profile pictures into black sign with the message of “against the amnesty bill” to show their opposition to the amnesty bill, which has sailed through the third reading by the House.
Apart from the black-background photos, others, who are apparently red-shirt people, have started using red background with message saying: “opposed to the amnesty bill – murderers must be jailed, and people must be freed”.
More and more Facebook users have joined the uproar against the bill by changing their profile photos.
Apart from changing Facebook’s profile picture, Thai social media users also showed their stand against the bill by pressing ‘Like’ and ‘Share’ buttons whenever their friends posted something against the bill. They also kept on sharing messages that urged the people to take certain actions against the bill
Pakorn Peetathawatchai, President, The Stock Exchange of Thailand (SET)
What measures has SET taken to support listed companies’ compliance with ESG standards?
PAKORN: When we first began promoting ESG-compliant investments, we were met with little interest. We attributed this to a lack of clear data to showcase the economic benefits of ESG investment, and perhaps limited clarity as to what constitutes a sustainable or ESG-compliant investment. The launch of the THSI list and, subsequently, the SETTHSI Index, was designed to address this. Our most recent data, comparing returns for the SETTHSI Index with the broader SET and SET100 indices from April 2020 to April 2021, underscores the economic benefits of these investments: the group compliant with ESG standards outperformed the other two indices on every data point.
As of May 2021 Thailand was home to CG and ESG assets under management totalling BT54.8bn ($1.7bn) across 50 funds – up from 23 funds in 2019. Meanwhile, of the BT187.1bn ($5.9bn) raised in green, social and sustainability bonds since 2018, BT136.4bn ($4.3bn) was raised in 2020 – 83% from the government and the remainder from development banks and private players. This rising demand, in a move to manage risk and generate returns, has been complemented by growing supply and promotion: supply from ESG-compliant businesses aiming for resiliency and sustainable growth, as well as promotion from regulators highlighting investment opportunities with good CG and SD practices. Indeed, the pandemic has been a catalyst in shifting the view of ESG compliance from a luxury to a requirement in the new normal.
In what ways can enhanced standard-setting and regulatory mechanisms overcome the remaining barriers to improved ESG performance?
PAKORN: A multi-stakeholder approach is crucial for enhanced ESG performance – not only in Thailand, but around much of the globe. This can also help to address the standout incumbent challenge: access to reliable, wide-ranging ESG data. For example, the 2020 update to the 56-1 One Report established clear ESG standards and triggered online and offline capacity-building programmes to support listed firms’ compliance. SET is developing an ESG data platform with a structured template to promote the availability of comparable data, maximise value added from corporate sustainability disclosures, and foster collaboration between the business value chain and stakeholders. This is expected to support Thai companies along their ESG journey in an economically sustainable way, result in a greater number of sustainability-focused products and services, drive sustainable investing in the Thai investment community and ultimately “make the capital market work for everyone”, as outlined in the SET’s vision.
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