Dow Jones names seven Thai firms industry leaders
Seven Thai companies were named “industry leaders” in their categories by the Dow Jones Sustainability Index, the second-highest number for any country after the United States. The designations were a clear indication of the Thai private sector’s growing corporate prowess and commitment to sustainability.
“This reinforces the achievement of Thailand’s listed firms in enhancing their sustainability performance. Excellence recognized at the international level will boost confidence among both local and overseas investors,” said Stock Exchange of Thailand (SET) President Pakorn Peetathawatchai.
The seven industry leaders were:
• Banpu in coal and consumable fuels.
• BTS Group Holdings in transport and transport infrastructure.
• PTT Exploration and Production in oil and gas, upstream and integrated.
• PTT Global Chemical in chemicals.
• Siam Cement in construction materials.
• Thai Oil in oil and gas refining and marketing.
• True Corporation in telecommunications.
Thailand has a total of 21 companies included in the Dow Jones Sustainability Index (DJSI). Dow Jones says, “DJSI Industry Leaders are the top-performing companies in each of the 61 industries represented in the Dow Jones Sustainability Indices.”
SET President Pakorn said the designations would help Thailand be more competitive in attracting investment. Financial institutions, institutional investors and credit rating agencies believe in the importance of sustainability. They are examining firms’ sustainability performance when creating new financial products, valuing companies and assessing risk.
“Incorporating sustainability into business operations not only creates a positive impact on society and the environment but also strengthens and enhances business potential,” Pakorn said.
Photo courtesy of https://www.spglobal.com/esg/csa/indices/index