S&P includes 41 Thai firms in its Sustainability Yearbook

Forty-one Thai companies made the S&P 2022 Sustainability Yearbook, the fourth-highest number for any country and a gain over last year’s seventh-place finish with 29 companies, as the Kingdom’s corporate sector adapts to the future.

Standard and Poor’s (S&P), the global credit rating and research agency, examined over 7,500 companies in 61 industries worldwide for the latest edition of its yearbook. “Last year, more companies than ever participated in S&P Global’s Corporate Sustainability Assessment,” which forms the basis of the publication, said Douglas Peterson, President and CEO of S&P.

“In 2021, public-private sector cooperation helped power the move to a more transparent and trustworthy ESG investing ecosystem,” Peterson said, referring to the environmental, social and governance standards and reporting.

Those standards and reporting have shed light on the remarkable transformation of Thailand’s private sector.

Over time, many Thai companies have been adopting forward-looking, responsible and innovative standards and practices. So much so that only the U.S., Japan and the Republic of Korea had more companies in the S&P yearbook than the Kingdom.

Some of the largest Thai companies included in the yearbook were Banpu, an energy firm, BTS, a mass transit operator, CP All, a division of the agro-industrial giant CP Group, PTTGC, the chemicals company that is part of the state-run energy conglomerate, TRUE, an internet and digital services company, Thai Union, the world’s largest tuna company, and Thai Beverage, a food and real estate conglomerate.

Photo courtesy of www.spglobal.com/esg/csa/yearbook/2022/