SET News 17/2023
                                            March 1, 2023

12 Thai companies named in S&P Global's Gold Class, the world's largest number 
of top corporate sustainability by country
 
BANGKOK, March 1, 2023 - The Stock Exchange of Thailand (SET) announced that 37 
Thai companies were included in S&P Global's Sustainability Yearbook 2023, and
12 of them were awarded Gold Class, the world's highest number for the category
of the best performing sustainable companies in their industry. The recognition
has reflected their leadership in sustainability and bolstered confidence of
worldwide investors.

SET President Pakorn Peetathawatchai said SET has supported sustainability 
integration into business operations in aspects of environmental, social and
governance (ESG) practices for the optimal benefits of businesses and the
nation. Thai companies have embraced sustainable and balanced growth, and a
number of them have been regularly selected as inclusions in the global
sustainability indices including MSCI, FTSE and S&P Global. This indicates
determination to drive the Thai capital market towards sustainability which is
in line with the SET's vision "To Make the Capital Market 'Work' for Everyone".

"According to the latest Sustainability Yearbook 2023 announced by S&P Global, 
12 Thai companies earned Gold Class are AWC, BJC, BTS, HMPRO, PTTGC, SCC, SCGP,
TOP, TRUEE, TU, VGI and ThaiBev, the highest number in the world for this
category by country. This indicates Thai business's excellence when compared
with their industry competitors across the world. SET commends Thai listed
companies' determination to become sustainable organizations," said Pakorn.

S&P Global provides indices that worldwide investors use for analysis and 
investment decision making. Being the sustainability index's members will boost
confidence of all stakeholders and enable them to be on investors' radar screen.
Moreover, five Thai listed companies, which are AWC, CRC, SCGP, VGI and WHA,
are recognized as Industry Movers for their remarkable development with a
significant increase in sustainability scores from the preceding year."
  
S&P Global assessed sustainability of 7,822 companies across the globe and 
listed only 710 companies in the Sustainability Yearbook 2023, of which 37 were
Thai companies, ranking the 5th highest number in the world. The assessment is
categorized into 4 classes: Gold, Silver, Bronze and Member. Top three countries
by share of companies with Gold Class are as follows: 12 companies from
Thailand, 11 companies from the United States, seven companies each from Taiwan
and Italy.

This year S&P Global applied stricter sustainability criteria to align with 
responsible investment. Any company from tobacco and coal & consumable fuel
industries were excluded from The Sustainability Yearbook 2023. Companies made
the list will be selected to other sustainability indices of S&P Global
including Dow Jones Sustainability Indices (DJSI) and S&P ESG Index Family.

Attachment of SET Release 17/2023
Name list of Thai companies included in S&P Global Sustainability Awards

12 companies selected in Gold Class
1) Asset World Corporation pcl (AWC)	
2) Berli Jucker pcl (BJC)
3) BTS Group Holdings pcl (BTS)		
4) Home Product Center pcl (HMPRO)	
5) PTT Global Chemical pcl (PTTGC)	
6) The Siam Cement pcl (SCC)
7) SCG Packaging pcl (SCGP)		
8) Thai Oil pcl (TOP)
9) True Corporation pcl (TRUEE)		
10) Thai Union Group pcl (TU)
11) VGI pcl (VGI)				
12) Thai Beverage pcl*

7 companies selected in Silver Class
1) Advanced Info Service pcl (ADVANC)		
2) CP All pcl (CPALL)
3) Charoen Pokphand Foods pcl (CPF)		
4) Kasikornbank pcl (KBANK)
5) SCB X pcl (SCB)					
6) Charoen Pokphand Group Co., Ltd.*
7) Mitr Phol Sugar Co., Ltd.*

*Not a SET-listed company

4 companies selected in Bronze Class
1) Airports of Thailand pcl (AOT)		
2) B.Grimm Power pcl (BGRIM)
3) IRPC pcl (IRPC)				
4) Minor International pcl (MINT)

14 companies selected in Member Class
1) Bangkok Bank pcl (BBL)				
2) Bangkok Dusit Medical Services pcl (BDMS)
3) Central Pattana pcl (CPN)				
4) Central Retail Corporation pcl (CRC)
5) Delta Electronics (Thailand) pcl (DELTA)		
6) Indoraman Ventures pcl (IVL)
7) Krungthai Bank pcl (KTB)				
8) Siam Makro pcl (MAKRO)
9) PTT Oil and Retail Business pcl (OR)		
10) PTT pcl (PTT)
11) PTT Exploration and Production pcl (PTTEP)	
12) TMBThanachart Bank pcl (TTB)
13) WHA Corporation pcl (WHA)			
14) CPN Retail Growth Leasehold REIT (CPNREIT)

Gold, Silver, Bronze and Member Class assessment criteria
(More information is available at https://www.spglobal.com/esg/csa/yearbook )

S&P Global ranked companies according to industries, totaling 61 industries, and
announced the list of the ranked companies of each industry based on the
following criteria:
-	Gold: ESG score within 1 percent of the top-performing companies in the 
industry, with a minimum score of 60
-	Silver: ESG score within 1 - 5 percent of the top-performing companies in the 
industry, with a minimum score of 57
-	Bronze: ESG score within the 5 - 10 percent of the top-performing companies in
 the industry, with a minimum score of 54
-	Member in the Sustainability Yearbook: ESG score within 30 percent of the 
top-performing companies in the industry and within the top 15 percent of the
industry
-	Industry Mover: Companies with an increase in ESG score of 5 percent from the 
previous year and ranked within the top 15 percent of each industry

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