News Detail

Date/Time
10 Sep 2014 16:44:00
Headline
SET News :Thai bourse joins UN Sustainable Stock Exchanges Initiative
Symbol
SET
Source
SET
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                                                                                    SET News 
114/2014
                                                                           Sept 
10, 2014
 
Thai bourse joins UN Sustainable Stock Exchanges Initiative
 
BANGKOK, September 10, 2014 - The Stock Exchange of Thailand today announced 
that it has partnered with the UN Sustainable Stock Exchanges Initiative (UN SSE
Initiative), becoming the first ASEAN exchange to join other 12 leading
exchanges that have publicly committed to promoting sustainable practices. This
underlines SET's aims to develop sustainability of the exchange and the Thai
capital market in a concrete way.
 
SET Chairman Sathit Limpongpan said that the Thai exchange in July signed the 
voluntary commitment with the UN SSE Initiative, committed to working with
investors, companies and regulators to promote long-term sustainability through
enhancing corporate transparency and performance on environmental, social and
governance (ESG) issues among the listed companies, and encouraging responsible
long-term approaches to investment among investors.
 
In October, SET will share its intention to the proactive approach to 
sustainable development during the SSE Global Dialogue to be held at the United
Nations in Geneva, Switzerland.
 
"To be the first exchange in ASEAN joining the SSE initiative reinforces our 
regional leadership and will enhance SET's international recognition. This
follows SET's currently remarkable sustainable development in the region, proven
records by achieving the top corporate governance score ranked by ASEAN
corporate governance scorecard for two years in a row (2013-2014), being Asia's
top score of Corporate Governance - Report on the Observance of Standards and
Codes (CG-ROSE) in 2013 assessed by World Bank. We therefore welcome this
initiative as it will allow us to share and learn the best practice with other
exchanges," Sathit said.
 
SET President Kesara Manchusree said the Thai bourse has created its own 
sustainability development framework, aiming to enhance all dimensions of
quality towards sustainability of the Thai capital market, economy, society, and
environment. It would focus on five key areas, namely market value, business
operations, employees, society, and environment. SET would soon establish a
working group to substantially construct short-, medium-, and long-term plans
for these five key areas.
 
The UN SSE Initiative, found in 2009, is co-organized by the United Nations 
Conference on Trade and Development (UNCTAD), United Nations Environment
Programme Finance Initiative (UNEP FI), United Nations Global Compact and
UN-supported Principles for Responsible Investment (PRI). It has successfully
built engagement with 12 stock exchanges worldwide, while SET is considered the
first exchange in ASEAN joining the SSE Initiative.
 
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