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The Stock Exchange of Thailand (SET) revealed the latest list of Thai listed companies with the outstanding sustainability performance at international level.
According to the announcement, 21 Thai listed companies are selected as members of the 2020 Dow Jones Sustainability Indices (DJSI), marking another year of the continuous increase in number of the inclusions, with the addition of Electricity Generating pcl (EGCO). Moreover, seven firms scored the highest as leaders in each industry and 11 companies are listed on DJSI World Index. The recognition of 21 local listed companies named to DJSI Emerging Markets Index has made Thailand earn top inclusions in the index among ASEAN for the seventh straight year. This has reinforced the achievement of sustainability performance enhancement of Thai listed firms with outstanding quality excellence recognized at international level, as such fostering confidence from both local and overseas investors.
SET President Pakorn Peetathawatchai said SET has enhanced the Thai capital market toward continuous and concrete sustainable development to benefit all sectors in line with SET’s vision ‘To Make the Capital Market Work for Everyone’. SET has encouraged listed companies to participate in DJSI assessment and the increasing number of Thai listed companies with outstanding sustainability performance reflects their determination and priority. Significantly, seven out of the 21 companies earned the best sustainability score, the second highest number in the world after the United States, and most of them are listed on industry groups which play a pivotal role and are the main forces in driving the country’s economy.
“Incorporating sustainability into business operations not only creates positive impact on the society and environment but also strengthens and enhances business potential even at the time of crisis. Notably, concerted efforts and determination of all sectors in the capital market have contributed to the continuous increase in number of Thai listed companies selected into DJSI, resulting in ASEAN’s top inclusions and the world’s second highest number of industry leaders. Moreover, the achievement also reflects that today business operators center on integrating environment, social and governance (ESG) aspects into their operations while delivering healthy operating performance.Being components of the DJSI will enhance the attractiveness of Thai listed firms among both local and foreign investors.
SET is certain that sustainable investment will become the world’s mainstream investment in the near future as financial institutions, institutional investors and credit rating agencies have placed importance on and applied sustainable concept to create products and services through information provision, valuation and risk management approaches that cover economic, social and environmental dimensions. Promoting business development with sustainability growth and responsible investment is SET’s priority task and challenge against the backdrop of the changing global situations at present,” added Pakorn.
Seven Thai listed companies that ranked the top-scoring sustainability by industry groups are Banpu pcl (BANPU) in Coal and Consumable Fuels, BTS Group Holdings pcl (BTS) in Transportation and Transportation Infrastructure, PTT Exploration and Production pcl (PTTEP) in Oil & Gas Upstream & Integrated, PTT Global Chemical pcl (PTTGC) in Chemicals, Siam Cement pcl (SCC) in Construction Materials, Thai Oil pcl (TOP) in Oil and Gas Refining & Marketing, and True Corporation pcl (TRUE) in Telecommunication Services.
Twenty one companies have been selected as DJSI constituents: Advanced Info Service pcl (ADVANC), Airports of Thailand pcl (AOT), Banpu pcl (BANPU), BTS Group Holdings pcl (BTS), CP All pcl (CPALL), Charoen Pokphand Foods pcl (CPF), Central Pattana pcl (CPN), Electricity Generating pcl (EGCO), Home Product Center pcl (HMPRO), IRPC pcl (IRPC), Indorama Ventures pcl (IVL), Kasikornbank pcl (KBANK), Minor International pcl (MINT), PTT pcl (PTT), PTT Exploration and Production pcl (PTTEP), PTT Global Chemical pcl (PTTGC), Siam Commercial Bank pcl (SCB), Siam Cement pcl (SCC), Thai Oil pcl (TOP), True Corporation pcl (TRUE) , and Thai Union Group pcl (TU).
Among these companies, 11 firms, with the world-class potential in terms of size and sustainability assessment result, named to DJSI World Index are Advanced Info Service pcl (ADVANC), Airports of Thailand pcl (AOT), CP All pcl (CPALL), Central Pattana pcl (CPN), Indorama Ventures pcl (IVL), Kasikornbank pcl (KBANK), PTT pcl (PTT), PTT Exploration and Production pcl (PTTEP), PTT Global Chemical pcl (PTTGC), Siam Commercial Bank pcl (SCB), and Siam Cement pcl (SCC).
The announcement of the list of DJSI members will be effective from November 23, 2020. DJSI reviews and announces the list of its members every September.
