Bangkok, 10 September 2014
The Stock Exchange of Thailand (SET) have publicly announced that they have joined the UN Sustainable Stock Exchanges (SSE) initiative, making them the first Southeast Asian country to pledge their commitment to the promotion of sustainability within their capital markets.
This gives the SSE a strong partner in the region to advance the integration of environmental and social risk factors into decision making. With the original signing of the commitment letter on 10 July 2014, the SET made the following declaration:
The SET voluntarily commits, through dialogue with investors, companies and regulators, to promoting long-term sustainable investment and improved environmental, social and corporate governance disclosure and performance among companies listed on our exchange.
The SSE Co-organizers welcome the Stock Exchange of Thailand and applaud its pioneering role in ASEAN. The SSE looks forward to working with other stock exchanges in the ASEAN area, many of whom are already playing an important role in promoting sustainable business practices.
The SET has proven that it is a strong supporter of corporate social responsibility and sustainability, offering their listed companies and investors a wide range of guidance and training in these areas. By informing their stakeholders of the importance of valuing sustainability factors in their strategy formulation and investment decisions, the SET is taking a leadership role in their capital markets and increasing the long-term shareholder value.
The SSE was jointly launched by United Nations Conference on Trade and Development (UNCTAD), United Nations Global Compact (UN Global Compact), United Nations Principles for Responsible Investment (UNPRI) and United Nations Environment Program Finance Initiative (UNEP FI) in 2009. The initiative aims at forming collaboration between exchanges, regulators and policy makers, investors, companies, and other stakeholders worldwide to enhance corporate transparency and advance the discussion on environmental and social disclosures and sustainability reporting.