These changes expand the investment scope and promote responsible fund management, aiming for sustainable investments that align with investors' desires to support companies demonstrating excellent corporate governance and a commitment to long-term value enhancement.
The SEC has broadened the investment criteria, allowing the Thai ESG fund to invest in stocks that meet ESG standards from a variety of organizations, beyond the SET ESG Ratings. This adjustment provides asset management companies with more options to select businesses that clearly report their progress and plan for environmental improvements. Furthermore, it reinforces the role of asset management firms in exercising trustee duty to ensure sustainable investments that meet the fund's objectives.
This update makes the Thai ESG fund more appealing to investors seeking responsible investment opportunities, with potential tax deductions of up to 300,000 baht per year. This marks a significant step towards advancing Thailand's capital market towards sustainability and instilling confidence in investors for long-term investment planning.
Additional information : provided by the Office of the Securities and Exchange Commission.
Phone. 0 2033 9999 Email : info@sec.or.th
Link : https://www.sec.or.th
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