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Thursday, May 2, 2024

The Development of ESG in Thailand

Introduction

Environmental, social and governance (“ESG”) metrics serve as a framework to measure the sustainability and ethical impact of an investment in a company. As of today, an increasing number of companies in Thailand are announcing their commitment to adopt ESG practices, which represent the following:

“E” stands for ‘Environmental’ representing the company’s dedication to environmental responsibility. This encompasses various aspects, including the energy usage and efficiency, climate change strategy, waste reduction, biodiversity loss, greenhouse gas emissions and carbon footprint reduction.

“S” stands for ‘Social’ focusing on how the company treats its stakeholders to ensure social responsibility. This encompasses various aspects, including fair pay and living wages, equal employment opportunities, employee benefits, workplace health and safety,…

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