Stock Exchange of Thailand

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Domestic market capitalization
million US$

Stock Exchange of Thailand

Name Stock Exchange of Thailand
Country Thailand
Number of listed companies 821
Domestic market capitalization 563037.58 million US$
SSE Partner Exchange Yes
Has annual sustainability report Yes

  • SET has continued to provide its annual sustainability report in alignment with global sustainability reporting frameworks, including GRI Standards, SDGs and IIRC’s Integrated Reporting.
  • SET’s Annual Sustainability Reports here.

 

ESG reporting required as a listing rule Yes

  • In Thailand, the Securities and Exchange Commission mandates sustainability reporting in the 56-1 One Report annual public filing.
Has written guidance on ESG reporting Yes

  • SET has provided a variety of guidelines and tools on sustainability disclosures that can be accessed here.
  • Apart from the publications, SET has offered a variety of learning tools for listed companies, to keep them abreast with the up-and-coming sustainability-related trends in the global business world. See more about Principles and Guidelines here.
  • In addition, a series of guidance documents and manuals can be found on SET’s Sustainability website.
  • Corporate Sustainability Guide
  • Sustainability Reporting Guide

 

Offers ESG related training Yes

  • SET has regularly organized capacity-building and training activities to promote corporate sustainability management, ESG reporting and responsible investing. Several e-learning programs are available here.
  • Corporate Sustainability Strategy’ is one of the most well-received capacity-building programs among Thai listed companies. The 7-day course offers hands-on experience for participants through four modules:
    • S01: Sustainability Commitment
    • S02, S04: Value Chain and Materiality Analysis
    • S03: Sustainability Strategy and Initiative
  • SET, in partnership with GRCF, CDP and GRI, recently hosted a series of TCFD & SDGs workshops to raise awareness of climate change issues and related risks to business and promote climate resiliences among Thai listed companies. More about it here.
  • In addition, SET has partnered with Walk Free and FAST to produce a set of practical tools to manage human rights risks, specifically modern slavery and labor exploitation. Read more about it here.
  • See also the Training Page, Events page and Knowledge Library on sustainability
Market covered by sustainability-related index Yes
Has sustainability bond listing segment No

ThaiBMA lists various sustainability bonds ; and according to their regulations they use the stock exchange’s platform for trading (source).

Has SME listing platform Yes
Women on boards mandatory minimum rule No
Additional information
Organizational model of stock exchange
  • A non-profit organization, set up under the Securities Exchange of Thailand Act B.E. 2535 (1992) (“Act.”)
  • The Securities and Exchange Act of B.E. 2535 (1992) does not prescribe and allow the SET to raise any fund from the public for the purpose of the shareholder structure. As a result, the SET is unable to issue any share to be held by any Party.

 

Regulatory bodies

Regulatory model
Limited Exchange SRO Model

  • The Act stipulates the SEC as the regulator of the Thai capital market, including both the primary and secondary markets. The SET Board of Governors has the power and duty to formulate policies, supervise SET operations, and perform any other functions in accordance with the Act.
About the stock exchange
Location: Bangkok, Thailand

  • Vision: To make the capital market “work” for everyone. The capital market is an integral tool for economic growth, and should not be privileged to only some. Hence the SET works hard to make the capital market benefit all stakeholders both directly and indirectly, in the belief that good business growth will lead to national strength and this in turn leads to the betterment of society.
  • Missions:
    • To plant state-of-the-art financial platform development that is both innovative and accessible to our customers locally, regionally and globally.
    • To innovatively grow product development that is not only relevant to market needs but also resonate with the sustainability of future growth.
    • To foster people development to ensure that our people will be best equipped with business competencies and professional integrity.
    • To implant an inclusive growth approach that will enable us to perform as the best business partners and social supporters.
    • To continuously cultivate ourselves and our stakeholders by investing in knowledge management creating, sharing and generating knowledge as part of an intangible asset.
  • SET’s key operations include securities listing, trading, clearing and settlement, depository, securities trading and information disclosure supervision, market participant protection and information dissemination. SET has actively engaged its stakeholders in promoting sustainability management in the Thai capital market ecosystem to benefit market participants and the general public. As the center of securities trading, SET has been promoting long-term fundraising among businesses to ensure corporate competitive advantage and benefit the Thai economic growth. In addition, SET has continued to develop financial literacy to enhance well-being of people in society.

For more information see SET’s website.

Criteria for Stock Exchange Database

The SSE maintains a database of sustainability activities for all stock exchanges that are either members of the SSE initiative and/or members of the World Federation of Exchanges. This database is the most comprehensive database of stock exchanges worldwide and contains data on all main stock exchanges. The information in this database is intended to inform investors and other stakeholders on the work stock exchanges are undertaking to advance sustainability in their respective markets.

The information provided in this database is based on publicly available information prepared by the SSE Secretariat with input from stock exchanges in most instances. Sources and explanatory notes on sustainability information have been included in individual Stock Exchange Fact Sheets. The criteria for each category can be found below.

While every effort is made to keep the information in this database up to date, please be aware that certain factors change frequently and therefore may not be exact, such as the number of listed companies or market cap.

Field

Criteria Considered
Country Country of primary residence or registration
Has signed the SSE Commitment Letter? To be considered an SSE Partner Exchange, the CEO or Chairperson of the exchange must sign an SSE commitment letter. Contact the SSE for more information if your exchange would like to join.
Has annual sustainability report? For a yes, stock exchanges must report, either in a stand alone report or integrated into their financial report, on their environmental and social impact and corporate governance.
ESG reporting required as a listing rule? For a yes, all three factors have been considered (environmental, social and governance) within the listing rules for some or all listed companies. This requirement may come from the regulatory authority or the exchange, depending on the market.
Offers written guidance on ESG reporting? For a yes, all three factors have been considered (environmental, social and governance). The SSE has developed a model guidance that all exchanges can use to develop their own guidance to issuers. For more details, click here.
Offers ESG related training? For a yes, training must have taken place in the previous 12 months, and must be interactive. The topic of the training must be on some area of sustainability.
Market covered by sustainability-related index? Sustainability-related indices may include environmental or social  indices, or ESG indices. This could include specific themes, such as low carbon indices, or general sustainability indices. The index must be specific to the market the exchange operates in (a region or world index is not included).
Has sustainability bond listing segment? For a yes, the exchange has developed the rules and regulations allowing for sustainability bonds to be listed, and provides a separate segment for listing making the bonds easy to find and identify.
Has an SME listing platform? For a yes, the exchange offers a listing platform specifically for Small-and-Medium sized enterprises.
Additional Information Additional Information captures exchanges’: sustainability section of websites,  sustainability products not captured under indices; information on future sustainability commitments and other information on the exchange
Organizational model of stock exchange Whether the exchange is listed or not, and when it was demutualized
Regulatory bodies The regulatory authority that sets listing requirements and capital market regulation for the exchange's market
Regulatory model

The extent to which exchanges have regulatory authority in their market. This may include:

  • Limited exchange SRO
  • Strong exchange SRO
  • Independent member SRO
  • Government (Statutory)
  • Non-SRO
About the stock exchange The location of the headquarters of the exchange, and any additional details about the stock exchange.