Dr. Toemchai Bunnag, President of Global Power Synergy Public Company Limited or GPSC, an electricity and utility producer flagship of PTT Group, revealed that GPSC has been shortlisted as one of the 100 companies listed on the Stock Exchange of Thailand (SET) with sustainable business practices. The selection was part of the 2016 list of ESG 100 hosted by Thaipat Institute. GPSC was selected among 621 SET-listed companies that are most outstanding in terms of environmental, social and governance performance this year. Key components are also analyzed, including industry analysis, corporate strategy, financial reports and sustainable development reports. This reflects the sustainable procedures of the company and create credibility and confidence towards the investors.
The listing of GPSC as one of the companies that practice sustainable management is considered an important step for the company. With the ESG list, investors have basic guidance about the company’s environmental, social and governance performance, which enables them to pursue investments in a company that is outstanding not only in terms of financial performance, but also in terms of environmental, social and governance performance. This will lead to investment returns, the promotion of the company’s good governance as well as responsibility towards the society and environment. Besides, it would be another step for GPSC to prepare for being member of DJSI (Dow Jones Sustainability Index) in the future.