Tuesday, February 27, 2024

SET commits to Net-zero emissions by 2050

Abstract

The Stock Exchange of Thailand has committed to achieving net-zero greenhouse gas emissions by 2050, in line with the Science Based Targets initiative to address the climate crisis. They are implementing strategies to reduce emissions and promote sustainability across the organization and within the capital market.


SET Pledges Net-zero Commitments by 2050 to Tackle Climate Change

The Stock Exchange of Thailand (SET) has announced its commitment to achieving Net-zero emissions by 2050, aligning with the Science Based Target initiative (SBTi) Net-Zero Standard. This initiative aims to address the intensifying climate crisis and its impact on the economy, society, and environment. By setting this target, SET is strategically driving sustainability both internally and externally, in support of efforts to limit global temperature rise in line with the Paris Agreement.

SET Takes Proactive Steps to Reduce Greenhouse Gas Emissions

President Pakorn Peetathawatchai emphasized the urgency of collective action to solve the climate crisis, highlighting the important role SET plays in promoting sustainable growth in the capital market. The organization has committed to achieve Net-zero emissions by 2050, covering direct and indirect greenhouse gas emissions from its activities and value chain. SET has also implemented energy efficiency improvements and green procurement practices to demonstrate its commitment to environmental responsibility. Additionally, the organization is focused on promoting knowledge and understanding of ESG topics to facilitate the transition to a low-carbon society.

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