Bangkok--8 Nov--SET
The Stock Exchange of Thailand (SET) today grants the "SET Sustainability Awards 2017" to 24 listed companies with sustainability performance excellence. The SET Sustainability Awards of Honor goes to BANPU, PTTGC, SAT, SCC and TOP. Also, 65 listed companies are selected to be into Thailand Sustainability Investment (THSI) for 2017, a list of stocks with outstanding performance on environmental, social and governance (ESG) aspects.
SET President Kesara Manchusree said that to develop listed companies' sustainable growth which help strengthen the country's foundation, SET has encouraged them to strike a balance between growth and stakeholder responsibility, while applying ESG aspects to develop business towards concrete sustainability. The SET Sustainability Awards event aims to recognize and motivate listed companies for their determination towards sustainability, while being role models for others. This effort is in line with SET's vision "To Make the Capital Market 'Work' for Everyone", developing the capital market to benefit all stakeholders.
Currently, Thai listed companies have outstanding performance and quality. This year marks another success as they are recognized for sustainable business development both at domestic and international levels. Listed companies recognized at SET Sustainability Awards 2017 are considered as "role models" in building value to organizations and society, outstandingly integrating sustainability into their strategic plan and organizational management process, as well as demonstrating the business process management compatible with Sustainability Development Goals (SDGs) with concerns over new risks and with focus on social and business innovation development to reinforce organization competitive edge. They further apply these innovations to create social impact to society and environment. Thai listed companies have taken pride in taking part in contributing to sustainability extensively, Kesara added.
SET granted 24 SET Sustainability Awards 2017: five are Sustainability Awards of Honor granted to (in alphabetical order) BANPU, PTTGC, SAT, SCC and TOP; three Best Sustainability Awards for BCP, CFRESH and IRPC; seven Outstanding Sustainability Awards for BAFS, CHO, KBANK, MINT, S&J, SSSC and TU; and nine Rising Star Awards - offered to listed companies with outstanding performance in starting applying sustainable business practice - granted to CPN, DELTA, FPI, HMPRO, IRC, IVL, PPS, PSH and SC, in addition to awards for 65 listed companies selected in a list of THSI.
The award committee, comprising experts in corporate governance and social responsibility, carries out the process in a transparent manner by screening listed companies in the list of THSI that achieved outstanding score. They will then have to participate in the interview to highlight internal sustainability management process covering risk management related to ESG risks, stakeholder management, roles of the companies' directors and executives in driving forward towards sustainability, as well as the companies' abilities to extend sustainability to achieve concrete outcome for the benefit of the society as a whole.
For more information and the full list of award winners, please visit https://www.set.or.th