Bangkok, November 22, 2023 -- Bangkok Airways Public Company Limited (BA) was chosen as one of the sustainable stock assessment 2023 announced by "SET ESG Ratings" with a BBB rating in the Services sector on the Stock Exchange of Thailand. This selection, among 193 listed companies that passed the selection criteria, mirrors the company's holistic approach to driving business in terms of Environmental, Social and Governance: ESG. Additionally, the company received a 5-star rating, "Excellent CG Scoring," for corporate governance from the Institute of Directors Association (IOD), supported by the Stock Exchange of Thailand, emphasizing its commitment to effective corporate governance practices.
Questions around this news
What SET ESG rating did Bangkok Airways receive in 2023?
The release says Bangkok Airways received a BBB rating in the Services sector under the Stock Exchange of Thailand’s SET ESG Ratings for 2023. It was selected among 193 listed companies that passed the assessment criteria. The release describes the recognition as reflecting the company’s approach to environmental, social and governance matters.
What does a SET ESG Rating assess?
An ESG rating assesses how a company manages issues related to the environment, its treatment of people and communities, and the way it is governed. Assessment methods can consider company policies, practices and disclosures. Ratings are intended to offer readers an organized way to compare information about sustainability-related management, though each rating program sets its own criteria.
What corporate governance recognition did Bangkok Airways receive?
According to the release, the company received a five-star “Excellent CG Scoring” rating from the Institute of Directors Association, with support from the Stock Exchange of Thailand. The release presents this recognition as evidence of its commitment to effective corporate governance practices and adherence to good governance principles.
What does a corporate governance rating generally evaluate?
A corporate governance rating generally evaluates how a company is directed and overseen. Areas may include board responsibilities, shareholder rights, transparency, accountability and the management of conflicts of interest. The specific criteria vary by rating organization, so a rating should be understood in the context of the framework that produced it.
Mr. Puttipong Prasarttong-Osoth, President of Bangkok Airways Public Company Limited, commented “Over the past 55 years, Bangkok Airways has prioritized conducting business in line with the company's vision and mission, aiming to be one of the leading airlines in Asia. Emphasizing continuous efforts to promote sustainability for the Thai society, the company recently achieved recognition as one of the sustainable stock assessment, "SET ESG Ratings 2023," with a BBB rating in the Services sector by the Stock Exchange of Thailand. Being selected among 193 listed companies that passed the selection criteria signifies the organization's ongoing development, particularly in comprehensive sustainable policies covering Environmental, Social and Governance. Additionally, the company received a 5-star CGR rating in the same year, reflecting its commitment to sustainable business practices and adherence to good corporate governance principles. The company remains dedicated to developing operations in all dimensions to achieve sustainable results aligned with its organizational goals.”
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At a glance
- Company
- Bangkok Airways Public Company Limited
- Ticker
- BA
- Announcement
- Award
- Location
- Bangkok
Key figures
- SET ESG rating
- BBB
- Companies meeting selection criteria
- 193
- Corporate governance rating
- 5-star
- Years in business cited by the president
- 55 years
People
- Puttipong Prasarttong-OsothPresident of Bangkok Airways Public Company Limited
