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Number of listed companies
Domestic market capitalization
million US$

Stock Exchange of Thailand

Name Stock Exchange of Thailand
Country Thailand
Number of listed companies 688
Domestic market capitalization 595373 million US$
SSE Partner Exchange Yes
Has annual sustainability report Yes

  • SET’s 2016 Sustainability Report with reference to GRI’s G4 reporting framework with SDGs mapping. SET will distribute the 2017 Sustainability Report with reference to GRI Standards and SDGs mapping in April 2018.
  • Annual Report here.
 
ESG reporting required as a listing rule Yes

Has written guidance on ESG reporting Yes

  • Guidelines for Sustainability Reporting (in Thai) released in 2010.
  • Apart from the publications, SET has produced newsletter ‘SD Focus’ as key communication channels between the Exchange and listed companies, to keep them abreast with the up-and-coming sustainability-related trends in the global business world.
    In addition, a series of guidance documents and manuals can be found on SET’s Social Responsibility Center (SR Center) and Corporate Governance Center (CG Center).

 

Offers ESG related training Yes

  • SET has regularly organized seminars and training activities to promote sustainability management, ESG reporting and responsible investing. Some examples of the past events are shown here and here.
  • SET, in partnership with BSR, recently hosted Climate Risk Workshop to raise awareness of climate change issues and related risks to business and promote climate resilience among Thai listed companies.
  • In addition, SET regularly provides sustainability training courses all year round for Thai listed companies at all sizes (free-of-charge). Courses include:
    • Preliminary to Corporate Sustainability (introduction to corporate sustainability)
    • Corporate Sustainability Strategy Workshops (how to develop and embed sustainability strategies into normal business strategies)
    • Sustainability Risk and Materiality Analysis (how to analyze ESG risk and conduct materiality analysis)
    • Sustainability Evaluation and Data Management (how to track and monitor sustainability performance)
    • Sustainability Reporting (how to disclose ESG information using GRI framework and SDGs mapping)

Market covered by sustainability-related index No

 

Has sustainability bond listing segment No

Has SME listing platform Yes

Additional information
Organizational model of stock exchange
  • A non-profit organization, set up under the Securities Exchange of Thailand Act B.E. 2535 (1992) (“Act.”)
  • The Securities and Exchange Act of B.E. 2535 (1992) does not prescribe and allow the SET to raise any fund from the public for the purpose of the shareholder structure. As a result, the SET is unable to issue any share to be held by any Party.

 

Regulatory bodies

Regulatory model
Limited Exchange SRO Model

  • The Act stipulates the SEC as the regulator of the Thai capital market, including both the primary and secondary markets. The SET Board of Governors has the power and duty to formulate policies, supervise SET operations, and perform any other functions in accordance with the Act.

About the stock exchange
Location: Bangkok, Thailand

  • Vision: To make the capital market “work” for everyone. The capital market is an integral tool for economic growth, and should not be privileged to only some. Hence the SET works hard to make the capital market benefit all stakeholders both directly and indirectly, in the belief that good business growth will lead to national strength and this in turn leads to the betterment of society.
  • Missions:
    • To plant state-of-the-art financial Platform Development that is both innovative and accessible to our customers locally, regionally and globally.
    • To innovatively grow Product Development that is not only relevant to market needs but also resonate with the sustainability of future growth.
    • To foster People Development to ensure that our people will be best equipped with business competencies and professional integrity.
    • To implant an Inclusive Growth Approach that will enable us to perform as the best business partners and social supporters.
  • SET’s key operations include securities listing, trading, clearing and settlement, depository, securities trading and information disclosure supervision, market participant protection and information dissemination. SET has actively engaged its stakeholders in promoting sustainability management in the Thai capital market ecosystem to benefit market participants and the general public. As the center of securities trading, SET has been promoting long-term fundraising among businesses to ensure corporate competitive advantage and benefit the Thai economic growth. In addition, SET has continued to develop financial literacy to enhance well-being of people in society.

For more information see SET’s website.

Stock Exchange Database Criteria

The SSE maintains a database of sustainability activities for all stock exchanges that are either members of the SSE initiative and/or members of the World Federation of Exchanges. This database is the most comprehensive database of stock exchanges worldwide and contains data on all main stock exchanges. The information in this database is intended to inform investors and other stakeholders on the work stock exchanges are undertaking to advance sustainability in their respective markets.

The information provided in this database is based on publicly available information prepared by the SSE Secretariat with input from stock exchanges in most instances. Sources and explanatory notes on sustainability information have been included in individual Stock Exchange Fact Sheets. The criteria for each category can be found below.

While every effort is made to keep the information in this database up to date, please be aware that certain factors change frequently and therefore may not be exact, such as the number of listed companies or market cap.

Field

Criteria Considered

Conducts business in Country or Market in which the stock exchange operates
Number of listed companies (Date updated) Updated either by the stock exchange directly or using WFE data
Domestic market capitalization  Updated either by the stock exchange directly or using WFE data
Has signed the SSE Commitment Letter? To be considered an SSE Partner Exchange, the CEO or Chairperson of the exchange must sign an SSE commitment letter. Contact the SSE for more information if your exchange would like to join.
Has annual sustainability report? For a yes, stock exchanges must report, either in a stand alone report or integrated into their financial report, on their environmental and social impact and corporate governance.
ESG reporting required as a listing rule? For a yes, all three factors have been considered (environmental, social and governance) within the listing rules for some or all listed companies. This requirement may come from the regulatory authority or the exchange, depending on the market.
Offers written guidance on ESG reporting? For a yes, all three factors have been considered (environmental, social and governance). The SSE has developed a model guidance that all exchanges can use to develop their own guidance to issuers. For more details, click here.
Offers ESG related training? For a yes, training must have taken place in the previous 12 months, and must be interactive. The topic of the training must be on some area of sustainability.
Market covered by sustainability-related index? Sustainability-related indices may include environmental or social  indices, or ESG indices. This could include specific themes, such as low carbon indices, or general sustainability indices. The index must be specific to the market the exchange operates in (a region or world index is not included).
Has sustainability bond listing segment? For a yes, the exchange has developed the rules and regulations allowing for sustainability bonds to be listed, and provides a separate segment for listing making the bonds easy to find and identify.
Has an SME listing platform? For a yes, the exchange offers a listing platform specifically for Small-and-Medium sized enterprises.
Additional Information Additional Information captures exchanges’: sustainability section of websites,  sustainability products not captured under indices; information on future sustainability commitments and other information on the exchange
Organizational model of stock exchange Whether the exchange is listed or not, and when it was demutualized
Regulatory bodies The regulatory authority that sets listing requirements and capital market regulation for the exchange's market
Regulatory model

The extent to which exchanges have regulatory authority in their market. This may include: 

  • Limited exchange SRO
  • Strong exchange SRO
  • Independent member SRO
  • Government (Statutory)
  • Non-SRO
About the stock exchange The location of the headquarters of the exchange, and any additional details about the stock exchange.