Thai bourse embraces alliances to enhance social investment for sustainability

Stocks News Friday February 27, 2015 16:06 —PRESS RELEASE LOCAL

Bangkok--27 Feb--SET The Stock Exchange of Thailand (SET), has joined forces with British Council (Thailand) and Thai Social Enterprise Office (TSEO) to organize a special Social Development Forum 2/2015 under the topic “Social Investment Market: Beyond CSR and Philanthropy”, opening a forum for investors, stakeholders in the Thai capital market and the general public to meet and exchange views on opportunities and challenges associated with social enterprise (SE), to promote social investment concept, encouraging them to participate in solving environmental and social problems, building sustainability for all. SET Chairman Sathit Limpongpan stated, “As a key source of fund and investment, SET has been committed to developing quality investment and diversifying investment alternatives by promoting Social Responsible Investing (SRI) concept among all participants. SRI practice gives investment returns plus benefits to society and environment, encouraging all parties in the capital market to contribute to solving problems for society and environment, as they are parts of an engine to drive the country forward. SET has taken a step further by being instrumental in supporting stakeholders to develop various social investment tools, covering social venture capital fund, social responsibility mutual fund, social investment bank and social impact bond.” “We foresee a bright future for social enterprise (SE) development in Thailand if entrepreneurs receive support from listed companies, which are an integral part that can contribute tremendously to the social investment. The synergy of the listed firms can be a driving force for social investment and sustainability by setting up social enterprise or investing in social enterprise,” added Sathit. Andrew Glass, Country Director, British Council Thailand, the forum’s co-organizer said that the British government and British Council have cooperated with the government sector, private sector, NGOs and universities in both Thailand and the United Kingdom (UK) to practically drive development and investment in SEs. Sir Ronald Cohen, Chair of the G8 Social Investment Taskforce, an international leader who is successful in promoting responsible business and boosting the market of impact investing in the UK, will give a speech to share his experiences. The participants can learn a great deal on SE development in the UK with clear picture from concept to implementation models to global SE directions, ultimately to solve environment and social problems. As such, this will help stimulate social investment in Thailand." TSEO’s mission is to support the creation of SE by promoting stakeholders to participate in creating social enterprise culture in Thailand, encouraging them to shift their role from problem maker to become effective problem solver, so as to create balance in the society we live in. For more information about social investment and social enterprise, please visit www.set.or.th, www.tseo.or.th or call S-E-T Call Center: 0 2229 2222, or TSEO Call Center: 0 2619 8440. Members of the media please contact the Public Relations Unit, Corporate Communications Dept.: Arada Kultawanich tel: +66 (0) 2229 2796 / Darawan Maleesri tel: +66 (0) 2229 2798 / Kanokwan Khemmalai tel: +66 (0) 2229 2048.

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