The Stock Exchange of Thailand (SET) unveils the SET ESG Ratings for 2024

The SET ESG Ratings 2024 has seen a record high with 228 listed companies making the list, reflecting the growing trend of sustainable investments.

Key Points

• SET ESG Ratings 2024 saw a record high of 228 listed companies achieving high ratings, reflecting the increasing focus on sustainable investments globally.
• Small and medium-sized companies with market capitalization under THB 10 billion showed significant commitment to sustainability practices, with a 43% surge in the number passing the ESG criteria from the previous year.
• SET ESG Ratings involves stringent participation criteria, annual review of assessment criteria, and post-assessment monitoring to ensure companies adhere to sustainability standards, with a future transition to FTSE Russell ESG Scores for global alignment.

The ratings recognize companies based on their ESG performance, with 56 receiving AAA, 80 receiving AA, 71 receiving A, and 21 receiving BBB ratings. These companies represent 82% of the total market capitalization of the SET and Market for Alternative Investment. The ESG Ratings are considered important for investors, analysts, and fund managers in evaluating business risk profiles and growth opportunities.

The increasing focus on ESG performance is driving the adoption of ESG Ratings by funds, with expectations of growth in ESG-focused funds. Small and medium-sized listed companies also showed progress, with 106 of them meeting the SET ESG Ratings criteria. The average scores of all companies improved across all ESG dimensions, indicating enhanced commitment to sustainability practices. Additionally, SET ESG Ratings will transition into the globally-recognized FTSE Russell ESG Scores, with public disclosure of assessment results beginning in 2026.

Source : Stock Exchange Announcing the names of 228 companies in the SET ESG Ratings sustainable stocks for 2024