Thai firms take home the gold in the S&P sustainability index
Going green can bring home the gold. A total of 37 Thai companies have made the 2023 S&P Global Sustainability Index with 12 ranked in the Gold Class – the highest gold total of any country – as Thailand’s corporate sector deepens its commitment to doing business the right way.
Thailand finished fifth among all countries for the number of companies on the list. S&P, or Standard and Poor’s, assessed 7,822 companies in 61 industries to determine which firms were worthy of inclusion based on how committed they were to sustainable practices and actions in their business.
The S&P rankings are an indication that Thailand’s actions and reputation are evolving and that the commitment by the Kingdom’s private sector to responsible business may soon start changing global perceptions.
Stock Exchange of Thailand (SET) President Pakorn Peetathawatchai said that the sterling performance by Thailand and its companies in the ranking would increase confidence in Thailand’s capital markets among global investors. Virtually all the companies that made the S&P list are public companies listed on the SET.
“The Sustainability Yearbook 2023 indicates Thai businesses’ excellence when compared with their industry competitors across the world,” said Pakorn.
Thailand’s 12 companies in the gold class just edged out the U.S., which had 11 firms. In addition, S&P named five Thai companies – AWC, Central Retail Corporation, SCG Packaging, VGI and WHA Corporation – as “industry movers” for their significant increase in sustainability scores compared to the year before.
The 12 Thai companies listed as Gold Class are: Asset World Corporation, Berli Jucker, BTS Group Holdings, Home Product Center, PTT Global Chemical, Siam Cement, SCG Packaging, Thai Oil, True Corporation, Thai Union Group, VGI and Thai Beverage.
Photo courtesy of https://www.spglobal.com/esg/csa/yearbook/