Thai bourse, Thaipat Institute announce 2014 CSR direction, focusing on “Creating Shared Value”
BANGKOK, February 25, 2014 – The Stock Exchange of Thailand (SET) and Thaipat Institute (the Foundation for Thailand Rural Reconstruction Movement under Royal Patronage), jointly hold a seminar to disclose 2014 CSR direction for the industry which would focus on stimulating the private sector to boost its role in social responsibility, under the theme “Corporate Citizenship.”
To perform its role as a corporate citizen of the society, the private sector might integrate the “Creating Shared Value” (CSV) strategy by utilizing corporate assets and expertise in conducting social responsibility, to create economic value and business opportunities, together with scalable and self-sustaining social development.
SET President Charamporn Jotikasthira said SET continuously enhanced commitment to social responsibility among listed companies from the CEO through to the officer levels through a variety of activities, such as CEO Forums, seminars, workshops, and other training, focusing on applying social responsibility to achieve corporate sustainable development. The exchange also develops and disseminates CSR reporting guidelines to prepare listed firms in disclosing their social responsibility performance through CSR reports. For potential listed firms which could comply with global sustainability benchmarks, the Thai bourse encourages them to seek to qualify as members of the Dow Jones Sustainability Indices (DJSI). To prepare the companies for the sustainability assessment, used in screening DJSI members, SET has invited RobecoSAM, an investment specialist in sustainability investing assessment for S&P and Dow Jones, to guide such firms.
“SET’s key objectives in developing social responsibility and sustainability among listed firms are to create awareness and promote a better understanding of corporate social responsibility. Firms are encouraged to embed social responsibility into all business processes, to eventually enhance their competitiveness and productivity,” Charamporn added.
Pipat Yodprudtikan, director of Thaipat Institute, said that companies should engage in social development to achieve corporate sustainability, not only because the society is affected by the firms’ operations but also because of companies’ corporate citizenship as key stakeholders of the society.
For details on the outlook for CSR & Sustainability in 2014, please see "Six Directions of CSR & Sustainability 2014: Corporate Citizenship" produced by Thaipat Institute, tel. 66 2930 5227, email firstname.lastname@example.org or see details at www.thaipat.org
For more information, please visit www.set.or.th
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