26 / 94
26
Capital Market: An Engine for Sustainable
Market Growth
Sustainable
Capital Market
In 2015, the funds raised on The Stock Exchange of Thailand (SET) and Market for Alternative
Investment (mai), totaled more than THB 486 billion, showing continued business growth.
When business grows, there is more employment, revenue-generating, spending stimulus,
savings, and continuous investment. However, the downside is, when consumption
increases, resources will be heavily used and will decrease sharply. Changes in resource
allocation can read to climate change and natural disasters which will become major risks that
have negative impact or adversely affect the sustainability of the capital market and the nation.
At present there are 639 companies listed on SET. In 2015
there were 35 newly-listed companies. SET always aims to
improve the quality of listed companies as they play an
important role in the development of the nation’s economy.
Firms that possess stability and quality are driving forces for
economic growth, resulting in more employment and
investment, which will contribute to raising the quality of life
of citizens who are consumers, savers and investors,
including those involved in the supply chain.
In 2015, listed companies became more alert and aware of
the importance of growing business towards sustainability.
This was reflected by the enthusiastic participation in the
activities which SET carried out to promote ESG awareness,
a major component in promoting business sustainability
practices.
-
If the listed companies are below standard or lack
credibility, no one would be encouraged to invest. If
that’s the case, the capital market cannot survive.
Therefore, SET has to develop listed companies to
make sure they possess corporate governance and
operate with concern towards thier impact on the
society and environment. They also have to transparently
disclose their ESG performance information so that
investors can have the confidence in making long-
term investment decisions.
Professor Hiran Radeesri
Expert on Corporate Governance and
Social Responsibility
The Stock Exchange of Thailand
Listed Companies:
TheUpstreamof Sustainability