SET joins Thailands biggest pension fund GPF to promote sustainable investment

Stocks and Financial Services Press Releases Monday July 16, 2018 09:10
Bangkok--16 Jul--SET

The Stock Exchange of Thailand (SET) has joined forces with Thailand's Government Pension Fund (GPF) to promote companies listed on SET which focus on environmental, social and governance (ESG) practices. The two organizations also signed the memorandum of understanding to enhance financial and investment literacy covering over one million GPF members nationwide.

SET President Pakorn Peetathawatchai said that SET has continuously been promoting sustainability practices among listed firms and all stakeholders in line with the SET vision 'To Make the Capital Market 'Work' for Everyone'. In addition, SET also encourages investors to take Environment, Social and governance (ESG) factors into consideration for their investment decisions. To support ESG investing, SET recently launched SET THSI Index, consisting of 45 liquid stocks with ESG track record, to serve as a benchmark for sustainability investment portfolio. This landmark cooperation between SET and GPF, the country's largest institutional investor, in supporting SET THSI index as a benchmark for GPF Thai ESG investment portfolio is a crucial step for the Thai capital market. Also, SET will cooperate with GPF in enhancing financial literacy, especially, savings and investment for GPF members' retirement.

GPF Secretary General Vitai Ratanakorn said that GPF has incorporated ESG aspects into investment decisions as GPF believes that it will provide an opportunity to generate constant, long-term returns to minimize risks and promote sustainable growth for the society and businesses. This will underscore GPF's goal to be a leading responsible investors adopting ESG practices. Significantly, in September, GPF will set up the "ESG-Focused Portfolio" fund, worth at least THB 1 billion (Approx. USD 30 million), to invest in Thai securities by benchmarking against the SET THSI Index, and will further invest in international equities next year.

SETTHSI has been designed to facilitate investment decisions in sustainable stocks, and to enable institutional investors to launch ESG-related financial products, and to use it as benchmarking tool on investment return. SETTHSI's calculations are based on the listed companies in Thailand Sustainability Investment list, comprising listed companies with outstanding performance on ESG aspects from its annual sustainability assessment.

For more information about SETTHSI, please visit

Latest Press Release

WICE establishes a joint-venture, EUROASIA TOTAL LOGISTICS, with its holding 40% of shares to provide cross-border transport services between China, Hong Kong

WICE establishes a joint-venture, "EUROASIA TOTAL LOGISTICS", with its holding 40% of shares to provide cross-border transport services between China, Hong Kong, and South East Asia with the expectation to achieve the first year's revenue at 200 million...

Photo Release: Krungsri Asset Management wins Best Asset Fund Manager 2018 from Alpha Southeast Asia

Miss Siriporn Sinacharoen, Managing Director, Krungsri Asset Management Company Limited received the Best Asset & Fund Manager Award 2018 from Alpha Southeast Asia magazine at a presentation ceremony on 18 September 2018. Behind-success factors...

Bangkok Bank Public Company Limited Offshore Offering and Issuance of US$1.2 Billion Senior Unsecured Notes under its US$3,000,000,000 Global Medium Term Note Program

Bangkok Bank Public Company Limited (the Bank), acting through its Hong Kong Branch, has offered and issued the following 2 tranches of US$1.2 billion senior and unsecured notes (the Notes) under its US$3,000,000,000 Global Medium Term Note Program to...

KBank-Visa to pilot blockchain based B2B payments

Kasikornbank is the first Thai bank in the pilot designed to simplify the cross-border payments, making it more transparent Visa today announced Kasikornbank is the first Thai financial institution to join the Visa B2B Connect pilot program. Visa B2B...

Photo Release: KBank offers financial facility to a leading plastic packaging company

At KBank Head Office, Mr. Thawee Teerasoontornwong (5th from right), KBank Executive Vice President, Mr. Wiwatana Panithansirikul (5th from left), Chief Executive Officer, and Ms. Suporn Panithansirikul (4th from left), Executive Director of S.P. PetPack...

Related Topics