SET launches, the ESG Data Platform, first sustainability data management system for listed firms, in October

BANGKOK, The Stock Exchange of Thailand (SET) has moved

forward to strengthen the Thai capital market’s ecosystem on sustainability by

launching ESG Data Platform which gathers listed companies’ data on the

environment, social and governance (ESG). The ESG Data Platform offers an

end-to-end ESG data management system from listed companies’ data filing to

analytics and distributed ESG data to stakeholders.

 

The platform features easy-to-use ESG data, which investors can rely on in

combination with their financial analysis of the listed companies. It also

supports the listed companies prepare for an ESG disclosure in accordance to the

Form 56-1 One Report of the Securities and Exchange Commission, and other ESG

reporting frameworks, which will pave the way for further business development

and sustainable investment.

 

In phase 1 of the ESG Data Platform began offering service on October 3, 2022,

the listed companies have been able to submit their ESG data via the SETLink.

Phase 2 will distribute ESG data to the SET public domain including SET website,

settrade website and SETSMART within the second quarter of 2023.

 

SET President Pakorn Peetathawatchai said that there is a growing demand for ESG

data both at a national and international level. The number of stakeholders,

from investors, customers to the regulatory agencies, have been drastically

increasing in the demands of the ESG disclosure from listed companies to ensure

that entrepreneurs have adapted to maintain their competitiveness, and put in

place risk management and responsibility to stakeholders, society and

environment that is in line with the Sustainable Development Goals (SDGs) of the

United Nations.

 

“SET has a strategy to put forward the development of ESG Data Platform, which

represents an innovative infrastructure collaborated with partners in the

capital market. As a result, everyone can have an access to ESG data management

system SET is well aware that a mechanism on information disclosure on ESG will

play a vital role in shaping business development and sustainable investment in

the long haul. It also goes hand in hand with the SET’s vision “To Make the

Capital Market ‘Work’ for Everyone”, said Pakorn.

 

“So far SET has promoted the listed companies to disclose the ESG data by

providing training and other necessary tools to support them understand and

disclose ESG information as required by the Form 56-1 One Report. In addition,

SET, through its ESG Metrics, has improved the quality of ESG data by conducting

the ESG metrics to measure sustainability in different industries. In so doing,

it has guided the listed companies to have a clear path on how to achieve

sustainability according to their industry group and to make the necessary

preparations to cope with the broader universal standards such as the as the

Global Reporting Initiative (GRI) Standards and Task Force on Climate-Related

Financial Disclosures (TCFD),” Pakorn added.

 

One of the prominent features of ESG Data Platform is a design of a full range

of structured data in quantitative term, which stakeholders can comparisons of

different industries or analyze the financial data conveniently. In the first

phase of the ESG Data Platform, SET will gather all the basic ESG data such as

the amount of energy or natural resources consumption, the amount of greenhouse

gas emissions, as well as data related to the employees and the director of the

listed companies before linking the ESG data to the information filing system of

the Form 56-1 One Report.

 

SET will continue to develop its ESG Data Platform by focusing on the ESG data

that can be used in the practical term, can meet the need of industries while

taking into account the readiness of the listed companies. Also, it plans to use

the ESG data in the assessment such as Thailand Sustainability Investment

(THSI) and the Corporate Governance Report (CGR), to reduce the listed

companies’ burden and the overlapping task in their filing of information.

 

Source: Stock Exchange of Thailand

Post Author: web Desk