SET ESG Ratings Show Significant Growth Among Small and Medium-Sized Companies
A total of 106 small and medium-sized listed companieswith market capitalizations under 10 billion baht have met the SET ESG Ratings criteria this year.
"This marks a significant milestone, with the number rising by 43%compared to last year, reflecting these companies' strong commitment to sustainability practices," said Mr. Soraphol.
The average scores for all companies participating in the SET ESG Ratings have also improved across all ESG dimensions, particularly in areas such as customer-focused product and service offerings, climate risk management, greenhouse gas (GHG) emissions disclosure, and setting concrete targets for carbon neutrality and net-zero emissions.
The SET ESG Ratings include listed companies that voluntarily undergo the assessment and achieve a minimum score of 50% in each of the environmental (E), social (S), and governance (G)pillars. By 2026, the SET ESG Ratings will transition to the globally recognized FTSE Russell ESG Scores, a sustainability benchmark trusted by institutional investors worldwide, with results to be publicly disclosed.
"ESG performance is now pivotal to business competitiveness and growth potential," Mr. Soraphol noted. "As a result, certain funds have incorporated the SET ESG Ratings into their investment strategies. ESG-focused funds are expected to gain momentum as sustainability becomes a key focus for both investors and listed companies.
For example, the Thailand ESG Fund (TESG)and Vayupak Fund 1 (Class A)currently manage assets of 14.6 billion bahtand 150 billion baht, respectively."
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