BANGKOK, The Stock Exchange of Thailand (SET) together with
Money & Banking magazine announced 694 listed companies qualified for SET Awards
2022 in the preliminary round before selection, winner announcement and award
presentation ceremony will be taken place in November 2022. SET Awards this year
will feature a series of new awards namely Best REIT Performance Award,
ESG-related awards under the Best Asset Management Awards’ type, and new group
of awards for the Sustainability Excellence category.
SET President Pakorn Peetathawatchai said that SET Awards ceremony has been
organized for 19 consecutive years to honor prominent listed companies that are
capital market’s role models with excellence in both business operation and
quality; support the Thai capital market potential development; drive
sustainable growth and provide benefits for all sectors. This is in line with
SET’s vision ‘To Make the Capital Market Work for Everyone’.
“Notably, more prestigious awards will be added this year to the Business
Excellence category namely Best REIT Performance Award to promote the
development of real estate investment trusts (REITs) which is an important tool
for fundraising of Thai businesses, and ESG-related aspects will be encompassed
Best Asset Management Awards’ type for asset management companies that
prioritize responsible investment by taking into consideration the
environmental, social and governance (ESG) practices. At the same time, the
‘good’ level of the Commended Sustainability Awards will be added to the
Sustainability Excellence category, on top of the Best Sustainability Awards and
the Highly Commended Sustainability Awards due to the fact that increasingly
more listed companies conduct sustainability assessment every year and they are
determined to upgrade their implementation of sustainability development,” added
Pakorn.
Money & Banking magazine Editor-In-chief Santi Viriyarungsarit, as a co-founder,
co-organizer and honorable judge, said that SET Awards presentation has been
well-recognized and well-received continuously. Realized the importance of
sustainability development which is prioritized globally, the working committee
comprising top-notch professionals in 2022 adjusts the award criteria by taking
ESG issues into consideration. For example, ESG scores will be used as part of
the selection of the Best Investor Relations Awards, while adding ESG-related
awards for asset management companies.
SET Awards can be grouped into 2 categories: 1) Business Excellence category to
be presented to listed companies, securities companies, asset management
companies, financial advisory companies and REITs; and 2) Sustainability
Excellence category to be presented to listed companies that are outstanding in
operating business in accordance with sustainability development principles.
Both awards categories’ assessment results will be processed by Sasin School of
Management of Chulalongkorn University.
Moreover, listed companies or individuals who have retained their excellence
recognized by being granted the best award type under the Business Excellence or
the Sustainability Excellence categories for three consecutive years or more
will also be presented the SET Awards of Honor which marks the crest of success.
Source: The Stock Exchange of Thailand