Dow Jones Sustainability Index now has 24 Thai companies
A total of 24 Thai companies were named to the latest Dow Jones Sustainability Index, reflecting the commitment by the Kingdom’s private sector to go green, clean and support the United Nations Sustainability Development Goals (SDGs).
Thailand led other ASEAN nations (Southeast Asia) in the number of companies named to the Dow Jones Sustainability Index (DJSI). Three were newcomers: Bangkok Dusit Medical Services, Berli Jucker, and Delta Electronics. One firm, GC, formerly known as PTT Global Chemical, topped all other global companies in the DJSI’s chemicals sector.
“Business operations that embrace sustainability not only benefit society and the environment but also act as mechanisms to manage risks and strengthen businesses,” said Pakorn Peetathawatchai, President of the Stock Exchange of Thailand (SET). “Today Thai listed companies are applying sustainability strategies to their operations, enabling the capabilities to cope with crises.”
Pakorn said that the selected Thai firms were a boon to the Kingdom’s reputation and would also boost the attractiveness of the country’s capital markets. The SET has consistently promoted sustainable development through its environmental, social and governance (ESG) standards that support its goal “to make the capital market work for everyone.”
The 24 Thai companies named to the DJSI came from a variety of sectors. Siam Commercial Bank and Kasikornbank were ranked in the financial category, while in telecommunications Advanced Information Service and TRUE Corporation flew Thailand’s flag.
The Kingdom’s energy firms were well represented by PTT, PTT Exploration and Production, Thai Oil, Electricity Generating (EGCO), and IRPC.
Pakorn added that Thai listed companies are placing more importance on identifying emerging risks, including climate risks and human rights risks in enterprises and supply chains.