Tuesday, June 18, 2024

SET partners with stakeholders to develop SET Carbon system for Net Zero goal by 2050

Abstract

SET is focused on developing a SET Carbon system to manage GHG emissions data of listed companies to enhance ESG data quality and transition towards a low-carbon society. Collaboration with EGAT is crucial.


Driving Sustainable Capital Market Development

The Stock Exchange of Thailand (SET) is celebrating its 50th year anniversary by committing to sustainable capital market development towards achieving net-zero emissions. Through its 2024 strategic plan, SET has introduced the SET Carbon system to disclose climate change management data of the capital market. By utilizing technology to manage greenhouse gas emissions data and collaborating with agencies like the Electricity Generating Authority of Thailand (EGAT), SET aims to enhance the quality of Environmental, Social, and Governance (ESG) data for listed companies by the first quarter of 2025.

Promoting ESG Data Quality for Sustainable Businesses

SET President Pakorn Peetathawatchai emphasized SET’s support for sustainability efforts both internally and externally. The SET Carbon system aims to improve the quality of listed companies’ ESG data, helping investors make informed decisions and monitor business disclosures. Collaboration with partners like EGAT in sharing energy consumption data will contribute to efficient GHG management and cost reduction for listed companies. Through the development and implementation of the SET Carbon system, SET is paving the way for a low-carbon society and promoting sustainable economic development in Thailand.

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