(SSE) initiative in 2014 was a stepping stone for SET. After half year, we hosted the first SSE regional dialogue where good case practices from stock exchanges in the regions were shared. We understood from the first day that our efforts wouldn\u2019t show results after 1-2 years. In fact, it takes some time for our collective efforts to yield.<\/span><\/p>\nA second significant factor is our educational program. We invested in free training\/workshops, and sustainability reporting forums in order to raise awareness of sustainability management and disclosure amongst listed companies. <\/span><\/p>\nOur efforts go beyond education. A <\/span>sustainability assessment program covering all environmental, social and governance (ESG) issues is conducted every year for listed companies. <\/span>More importantly, SET provides all companies that participate in the assessment with useful feedback to advance their sustainability performance.<\/span> Companies can also request one to one consultations with SET if they wish to know more on how they can improve.<\/span><\/p>\nFrom last year\u2019s assessment, SET shortlisted 65 companies which demonstrated outstanding ESG performance in the Thailand Sustainable Investment (THSI), called \u201cESG Stock List\u201d.<\/span><\/p>\n\n“Our Efforts Go Beyond Education”<\/strong><\/h4>\n<\/blockquote>\nWhat were the challenges for SET trying to convince Thai companies to report on sustainability?<\/b><\/p>\n
Most companies viewed that sustainability reporting was an unnecessary exercise. Some large companies perceived sustainability reporting as a burden. While, medium and small companies compared themselves with larger enterprises and argued that they didn\u2019t have sufficient resources. SET had striven to create a better understanding of the value of sustainability reporting as a management tool that offers a more holistic view about companies\u2019 operations and processes. Also, the report itself could serve as an effective communication platform for stakeholders, particularly investors who now take ESG aspects into consideration.<\/span><\/p>\nWe approach companies with a very consistent message \u201cstart from what you have\u201d. We encourage companies to start from something small and report on what they have been doing so far to avoid being overwhelmed by global standards. <\/span><\/p>\nFor some companies which are ready to develop sustainability reporting in line with international standards, SET encourages them to use GRI Standards and map the indicators with the Sustainable Development Goals.<\/span><\/p>\nUp till now, a total of 93 listed companies published their sustainability reports in accordance with GRI guidelines. <\/span><\/p>\n\n\u00a0“We Approach Companies with A Very Consistent Message:<\/b><\/h4>\nStart from What You Have”<\/b><\/h4>\n<\/blockquote>\n What is the next stage that SET is directing companies towards to?<\/b><\/p>\n
If we are to put all of the listed companies in a sustainability pyramid with regard to market capitalization, the large companies that fall in the top section are advanced in sustainability performance. However, they account for a small number. SET\u2019s current priority is to help raise sustainability performance of companies in the middle and bottom sections of the pyramid. <\/span><\/p>\nA much more simple and user-friendly guideline for beginner companies is being created. The tool, expected to be introduced to the market by September 2018, would offer simple and material ESG indicators. Hence, we can expect to see a shift to a more quantitative reporting manner that could reflect corporate ESG performance and the bottom line for business.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"It\u2019s no exaggeration to say that 2017 has been a successful year for The Stock Exchange of Thailand (SET). From the 40th spot in 2013, SET climbed to 10th place amongst the most sustainable stock exchange annually ranked by Corporate Knights. In addition to that, Thai firms outnumbered their ASEAN peers in 2017 Dow Jones […]<\/p>\n","protected":false},"author":1,"featured_media":2443,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"cybocfi_hide_featured_image":"","footnotes":""},"categories":[64],"tags":[78,63,68],"yoast_head":"\n
"START FROM WHAT YOU HAVE" - A YEAR OF SUCCESS AT THE STOCK EXCHANGE OF THAILAND (SET) - Sustainable Square<\/title>\n \n \n \n \n \n \n \n \n \n \n \n \n\t \n\t \n\t \n \n \n \n \n \n\t \n\t \n\t \n