The Stock Exchange of Thailand (SET) ranks 10th out of 55 global stock exchanges for the sustainability disclosure reports of its listed companies, making it the only Asian stock market to make the top 10 in this year's annual research report put out by Corporate Knights.
This is a substantial rise from the SET’s 40th place in 2013, according to the research company’s 2017 “Measuring Sustainability Disclosure: Ranking the World’s Stock Exchanges” report.
The research seeks to track the level of disclosure of quantitative sustainability-related information by the world’s large publicly traded companies.
The report states: “The Stock Exchange of Thailand continued its progression in the ranking from 40th spot in 2013 to 10th place in this year’s ranking, marking the fifth year of uninterrupted progression. Thai-listed large companies were noted for strong all-round performance in terms of disclosure rates, disclosure growth and timeliness.”
SET president Kesara Manchusree said on Monday: “This remarkable achievement reflects the synergy of all the listed companies and all stakeholders in the drive toward sustainability, and particularly the professionalism in information disclosure.”
The world’s top 10 stock exchanges according to the “Measuring Sustainability Disclosure” 2017 report are: the Helsinki Stock Exchange (in first place); the Stockholm Stock Exchange; Euronext Paris; the London Stock Exchange; the Oslo Stock Exchange; Euronext Amsterdam; the Australian Securities Exchange; the Copenhagen Stock Exchange; the Johannesburg Stock Exchange; and the Stock Exchange of Thailand.