ESG and Green Management in Thailand

Abstract

As ESG concepts and green management became a global trend, climate change was no longer an environmental issue but a corporate management factor. Various companies are actively participating in ESG management to increase international agreements on climate change, strengthen regulations, and value preference of eco-friendly products by consumers, and secure a competitive advantage over other companies. In the case of Thailand, a small number of large companies are leading ESG, but the quality is very high and it is expected to set a precedent for Southeast Asia. ESG will determine the corporate value and development potential in the future as companies that have been slow to change now accept these changes quickly and value future sustainability. This study evaluates Thailand's ESG performance by examining Thai domestic companies included in globally recognized ESG indices such as the Dow Jones Sustainability Indices (DJSI), Morgan Stanley Capital International (MSCI), and the Thailand Sustainability Investment Index (THSI).