Thai companies lead latest S&P sustainability rankings

S&P has awarded eleven Thai companies with its “Gold Class” for excellence in sustainability, the largest number from any country, in its Sustainability Yearbook 2021.  In 2020 Yearbook, Thai companies ranked 7th  in the “Gold Class” category.  The distinction is a mark of recognition for the advances made by the Kingdom’s companies.

The Stock Exchange of Thailand (SET) “supports listed companies across the board at all levels and industries to integrate sustainability into business operations and promotes sustainable investing,” said SET President Pakorn Peetathawatchai in celebrating the awards.

Thailand’s government and private sector have been adopting and advocating for sustainability to advance the Kingdom’s competitiveness and raise its level of development. A total of 29 Thai companies were included in the Sustainability Yearbook 2021, placing the Kingdom in seventh place overall. S&P assessed over 7,000 companies around the world for its rankings.

“Contributing to the Corporate Sustainability Assessment (CSA) last year demonstrated a great deal of commitment to transparency and to building more sustainable economies and communities during a difficult time,” said Douglas Peterson, President of S&P.

“In a year when so many other things were competing for people’s attention, I want to express S&P Global’s gratitude to each of the companies that participated in the CSA in 2020,” he added.

The 11 Thai companies ranked in the Gold Class category included ten listed firms: Banpu (energy), BTS Group Holdings (transportation), IRPC (petrochemicals), PTT (energy), PTT Exploration and Production (energy), PTT Global Chemical (chemicals), Siam Cement (building materials), Thai Oil (energy), True Corporation (telecommunications) and Thai Union Group (seafood). A Thailand-based company listed in Singapore, Thai Beverage, also made the list.

Photo curtesy of https://www.setsustainability.com/page/about-us