SET partners with FTSE Russell to asses sustainability efforts of Thai listed companies

SET announces collaboration with FTSE Russell to develop sustainable framework. This partnership aims to enhance ESG standards for Thai listed companies.

The Stock Exchange of Thailand (“SET”) has partnered with FTSE Russell, a global provider of benchmarks and index solutions, to enhance standards among listed corporates in Thailand. FTSE Russell, a subsidiary of LSEG, will provide a sustainability scoring framework to replace the existing SET ESG Ratings by 2026. The new framework, utilizing FTSE Russell’s ESG Data Model, will undergo a pilot phase from 2024-2025 to ensure stakeholder readiness and bring Thai capital market practices in line with international sustainability standards.

SET to Adopt FTSE Russell’s ESG Data Model for Assessing Sustainability Efforts

Currently, SET ESG Ratings are voluntary for listed companies and evaluated based on questionnaire responses and qualification requirements approved by SET’s Sustainable Investment Committee. With the adoption of FTSE Russell’s ESG Data Model, eligible companies will undergo assessments using publicly available data, aligning them with global sustainability best practices. This approach aims to enhance credibility, transparency, and standardisation, enabling investors to benchmark results against both domestic and international peers. SET President, Dr Pakorn Peetathawatchai, highlights the SET’s commitment to excel in sustainability and gain international recognition through this partnership with FTSE Russell, a trusted provider of ESG assessments globally.