The Thai Securities and Exchange Commission has launched 22 mutual funds to support the country’s environmental, social, and governance (ESG) goals.
The funds, known as Thailand ESG (TESG) funds, aim to attract around 10 billion baht ($280 million) in investment by the end of the year. These funds will invest in Thai bonds or the stocks of companies that meet emissions disclosure and reduction requirements or have strong environmental sustainability performance.
Tax incentives up to 100,000 baht per year
The Cabinet has approved tax incentive measures to encourage sustainable investment in Thailand for a 10-year tax period (2023-2032). Individuals with taxable income can benefit from a tax deduction of up to 30 percent of their assessable income, with a maximum limit of 100,000 baht per tax year.
This deduction can be applied when purchasing units of any Thai ESG Funds, provided…
