At a glance
- Company
- Bangkok Airways Public Company Limited
- Ticker
- BA
- Announcement
- Award
- Location
- Bangkok
Key figures
- SET ESG rating
- BBB
- Companies assessed
- 228
- Services-sector companies meeting criteria
- 43
- Corporate governance rating
- 4 stars
- Year of SET ESG rating
- 2024
People
- Puttipong Prasarttong-OsothPresident of Bangkok Airways Public Company Limited
Bangkok, December 26, 2024 -- Bangkok Airways Public Company Limited (BA) has been selected as one of the sustainable stocks for 2024 in the "SET ESG Ratings 2024" with a BBB rating in the Services sector by the Stock Exchange of Thailand, among 228 registered companies. BA is one of 43 companies in the Services sector that passed the evaluation criteria this time, and received a 4-star rating for corporate governance, or "Very Good CG Scoring," from the Thai Institute of Directors Association (IOD).
Mr. Puttipong Prasarttong-Osoth, President of Bangkok Airways Public Company Limited, stated that Bangkok Airways is advancing towards sustainability with a commitment to the vision and mission of becoming one of the best airline in Asia. Recently, the company was selected for the "SET ESG Ratings 2024" by the Stock Exchange of Thailand with a BBB rating in the services category for the second year. Additionally, it has received a CGR score of 4 stars, or "Very Good," reflecting the company's business potential under its sustainability commitment "Connect Your Happiness," by enhancing operations in all dimensions aligned with sustainability principles based on good governance in economic, social, and environmental aspects, building trust and responding to the needs of all stakeholders to achieve set goals.
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Questions around this news
What sustainability recognition did Bangkok Airways receive for 2024?
The release says the airline was selected for the Stock Exchange of Thailand’s SET ESG Ratings 2024, receiving a BBB rating in the Services sector. It describes this as the company’s second year with a BBB rating in that category. The release also notes that 43 companies in the Services sector passed the evaluation criteria.
What does an ESG rating generally assess?
An ESG rating is an assessment of how an organization manages environmental, social and governance considerations. Rating providers may use different criteria, information sources and scoring methods, so the meaning of a particular grade depends on the framework that issued it. Such ratings are one way to summarize a company’s practices and disclosures in these areas.
What did the company’s four-star corporate governance rating represent?
The release says the Thai Institute of Directors Association awarded the company a four-star corporate governance score, described as “Very Good.” It presents the score as recognition of the company’s governance and sustainability commitments, including its stated focus on economic, social and environmental matters and on building trust with stakeholders.
What sustainability priorities did the company describe?
The company said it aims to advance sustainability while pursuing its vision of becoming one of the best airlines in Asia. The release describes its approach as improving operations across economic, social and environmental dimensions, in line with sustainability principles and good governance, while building trust and responding to stakeholder needs.
Earlier from Bangkok Airways Public Company Limited
- Bangkok Airways and Blue Volunteers drive towards low carbon skies, continuing the ‘Love Earth, Save Earth: Love Samui, Save the Coconut Tree’ campaign in its 7th year
- Bangkok Airways Soars to New Heights: Wins 2024 Skytrax World Airline Awards for “World’s Best Regional Airline” and “Best Regional Airline in Asia” for 8th Year Running
- Bangkok Airways Launches the “Low Carbon Skies” Campaign in Partnership with OR, Pioneering Use of Sustainable Aviation Fuel (SAF) and Elevating “Green Airport” Initiatives Towards Net Zero Goal
- Get ready for “Bangkok Airways Samui Half Marathon,” the first running event of Bangkok Airways Boutique Series 2024
- Bangkok Airways receives “SET ESG Ratings,” and “CGR 5-Star Excellent” for the year 2023, reflecting the airline's commitment to sustainable aviation business practices
