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15 Feb 2022 17:27:00
SET News :S&P Global names 41 Thai companies in sustainability ranking, the 4th highest number in the world
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                                                                     SET News 11 /2022
                                                        February 15, 2022

S&P Global names 41 Thai companies in sustainability ranking, the 4th highest 
number in the world

BANGKOK, February 15, 2022 - The Stock Exchange of Thailand (SET) announced that
41 Thai companies were recognized with S&P Global Sustainability Awards by S&P
Global, making Thailand the world's fourth highest by number. Compared to the
preceding year, number of Thai companies in the S&P Global Sustainability
Yearbook 2022 rose by 12. The higher number of Thai companies selected for this
year's prestigious ranking showcases the outstanding sustainability potential of
Thai business and underscores both local and international investors'

SET President Pakorn Peetathawatchai said that SET has been supporting Thai 
companies in various ways to place importance on performance for sustainable
growth simultaneously with focus on taking care of the society and the
environment continuously.  The Thai bourse has taken part in helping Thai
companies integrate sustainability into  their business operation to optimize
benefits of their business and push the country's sustainability. Notably, this
is in line with SET's vision 'To Make the Capital Market Work for Everyone'.

"Today, the Thai business sector is increasingly realizing the importance of 
taking into consideration the environmental, social, and governance (ESG)
aspects, and adopting such practices as risk management tools to effectively
cope with the ever-changing situations. Consequently, many Thai businesses excel
in sustainability aspects, being recognized and selected in the global
sustainability indices," added Pakorn.

S&P Global recently announced as many as 41 Thai companies passed the 
sustainability assessment criteria, ranking the 4th highest in the world in
terms of number of companies, after the US, Japan and South Korea.
Significantly, 38 of them are SET-listed companies. Only 716 companies were
chosen from the total of 7,554 companies assessed by S&P Global across the

The S&P Global Sustainability Yearbook 2022 announced in early February 
categorizes assessed companies into four classes: Gold, Silver, Bronze, and

-Eight Thai companies awarded the Gold Class - the highest level - comprised 
Banpu pcl (BANPU), BTS Group Holdings pcl (BTS), CP All pcl (CPALL),
Kasikornbank pcl (KBANK), PTT Global Chemical pcl (PTTGC), True Corporation pcl
(TRUE), Thai Union Group pcl (TU) and Thai Beverage pcl,.
-Thirteen companies received Silver Class: Advanced Info Service pcl (ADVANC), 
Bangchak Corporation pcl (BCP), Berli Jucker pcl (BJC), Charoen Pokphand Foods
pcl (CPF), Electricity Generating pcl (EGCO), Home Product Center pcl (HMPRO),
PTT pcl (PTT), PTT Exploration and Production pcl (PTTEP), SCG Packaging pcl
(SCGP), The Siam Cement pcl (SCC), Siam Commercial Bank pcl (SCB), Thai Oil pcl
(TOP), and Mitr Phol Sugar Co., Ltd.
-Five companies earned Bronze Class: Airports of Thailand pcl (AOT), Delta 
Electronics (Thailand) pcl (DELTA), Global Power Synergy pcl (GPSC), IRPC pcl
(IRPC)  and Charoen Pokphand Group Co., Ltd.
-Fifteen companies were selected as Member Class: Asset World Corporation pcl 
(AWC), Bangkok Bank pcl (BBL), Bangkok Dusit Medical Services pcl (BDMS),
B.Grimm Power pcl (BGRIM), Banpu Power pcl (BPP), Central Pattana pcl (CPN), CPN
Retail Growth Leasehold REIT (CPNREIT), Central Retail Corporation pcl (CRC),
Energy Absolute pcl (EA), Gulf Energy Development pcl (GULF), Indorama Ventures
pcl (IVL), Krungthai Card pcl ( KTC), Minor International pcl (MINT),
TMBThanachart Bank pcl (TTB), and VGI pcl (VGI).

S&P Global sustainability assessment is an important information that global 
investors use for their analysis and investment decision making. In addition,
S&P Global has summarized essential sustainability issues and development for
companies to provide priorities in order to ensure that their sustainability
implementation and activities gain more success. This year, S&P Global
emphasizes global warming crisis which needs to be solved urgently, especially
the reduction target of greenhouse gas emission, which many companies have not
set clearly, causing a slow progress in addressing the problem.

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