Thanachart Capital Public Company Limited (TCAP) passed the sustainability assessment conducted by the Stock Exchange of Thailand (the SET) or “SET ESG Ratings” and received a rating of “A” in 2023. TCAP was 1 of 193 companies which passed the sustainability assessment. While this demonstrated TCAP’s successful sustainability development in the past, it remains committed to continuously improving its sustainability operations.
SET ESG Ratings are assessed from listed companies who voluntarily participate in answering the sustainability assessment conducted by the SET and have sustainability business operations taking into account the environment, social responsibility, and corporate governance (Environmental, Social, and Governance: ESG). The assessment questionnaire covers indicators in Governance and Economic, Environmental, and Social dimensions. In this regard, the SET will annually review the assessment ensuring that it is in line with the sustainability context and trends (Sustainability Trends) which are changing domestically and internationally.
Listed companies who are assessed as SET ESG Ratings must have scores from responses to sustainability assessments of at least 50% in each dimension and must meet the specified criteria, such as receiving a score of 3 stars or above from Corporate Governance Report of Thai Listed Companies (CGR), performance in terms of net profit and shareholders’ equity, supervision results on issues related to the qualifications of listed companies, no ESG impact creation, etc.