Exchange in Focus: Stock exchange of Thailand Launches Guidance on Modern Slavery Risks
10 January 2022
Modern slavery benchmarking toolSET, Walk Free and FAST provide Thai businesses with additional tools to manage modern slavery risks. The online modern slavery benchmarking tools allow businesses to assess and benchmark how they manage the risks of modern slavery in their value chain. Listed companies must disclose corporate performance information on ESG and related risk management so that shareholders and other stakeholders can monitor them. “This transparency will ultimately win the trust of stakeholders and open up business opportunities for long-term growth,” says Mr. Pakorn, SET’s President. He continues by saying that “SET’s role and leadership in promoting sustainable business is in line with our vision and our plan to develop Thai capital markets for the benefit of all sectors. To make the capital market work for everyone. Furthermore, this corresponds to SET’s role as a partner exchange in the United Nations Sustainable Stock Exchanges initiative, which focuses on the development of capital markets for sustainable growth for the benefit of society and the economy as a whole.” The guidance on modern slavery risk for Thai companies and online modern slavery benchmarking tools will be available in Thai and English. These tools help assess business management throughout the value chain, from governance and policy, risk assessment and due diligence, to grievance mechanisms, response and remediation. Both tools were introduced in the online seminar “Modern Slavery: Addressing the Greatest Human Rights Issues of Our Time” on December 15, 2021.
The Stock Exchange of Thailand: SSE Partner ExchangeSET is featured in the SSE Stock Exchange Database, where you can check its sustainability activities. SET has an annual sustainability report and offers ESG related training. The Stock Exchange of Thailand also has written guidance on ESG reporting that can be accessed in the SSE ESG Guidance Database. SET is an SSE Official Supporter.
About the SSE
The SSE initiative is a UN Partnership Programme organised by UNCTAD, the UN Global Compact, UNEP FI and the PRI. The SSE’s mission is to provide a global platform for exploring how exchanges, in collaboration with investors, companies (issuers), regulators, policymakers and relevant international organizations, can enhance performance on ESG (environmental, social and corporate governance) issues and encourage sustainable investment, including the financing of the UN Sustainable Development Goals. The SSE seeks to achieve this mission through an integrated programme of conducting evidence-based policy analysis, facilitating a network and forum for multi-stakeholder consensus-building, and providing technical assistance and advisory services.