Questions around this news
What SET ESG Rating did Frasers Property Thailand receive?
The release reports that Frasers Property (Thailand) Public Company Limited received an AA level in the Stock Exchange of Thailand’s SET ESG Ratings. The rating was previously known as THSI. The announcement links the result to the company’s approach to governance, risk management, stakeholder considerations, social responsibility and environmental stewardship.
What were Frasers Property Thailand’s GRESB results?
The company received an A rating from GRESB, according to the announcement. It also earned a GRESB Green Star in the Standing Investments and Development Projects categories. The release describes the A result as above the global average and other organisations in the real estate sector.
What does a five-star CGR rating mean for Frasers Property Thailand?
The release says the company received five stars, described as excellent and the highest rank in the Corporate Governance Report of Thai Listed Companies rating. The Thai Institute of Directors issues the rating. It is one of several sustainability and governance achievements the company announced for the fourth consecutive year.
Was Frasers Property Thailand included in the ASEAN Corporate Governance Scorecard?
Yes. The release states that the company was listed in the ASEAN Corporate Governance Scorecard. It identifies the ASEAN Capital Markets Forum and the Asian Development Bank in connection with the scorecard. The announcement does not provide a score or a specific ranking for the company.
BANGKOK, November 6, 2023 -- Frasers Property (Thailand) Public Company Limited (“FPT”), Thailand’s leading integrated real estate platform, has announced its sustainability and good governance achievements, including SET ESG Ratings, GRESB, and the five-star CGR, for the fourth consecutive year. This underscores the company's dedication to running a profitable business while upholding social responsibility and environmental stewardship.
This year, FPT has achieved the SET ESG Ratings, which was formerly known as THSI, attaining the AA level, from The Stock Exchange Thailand (SET). This reflects FPT's commitment to responsible operations, adherence to good governance practices, effective risk and emerging risk management, consideration for all stakeholders, and dedication to social responsibility and environmental stewardship.
FPT has also earned the highest 'A' rating from GRESB (Global Real Estate Sustainability Benchmark), a world-class sustainability standard that evaluates organisations for their transparency in disclosing sustainability information. This 'A' rating surpasses the global average and surpasses other organisations in the real estate sector. Furthermore, the company has received a GRESB Green Star in both the Standing Investments and Development Projects categories.
In terms of good corporate governance, FPT has also received a five-star (excellent) rating, the highest rank in the CGR rating (Corporate Governance Report of Thai Listed Companies) from the Thai Institute of Directors (IOD). In addition, the company has been listed in the ASEAN Corporate Governance Scorecard (ACGS) by the ASEAN Capital Markets Forum (ACMF) and the Asian Development Bank (ADB).
If you detect any issues, problems, or errors in this press release content, kindly contact [email protected] to notify us (it is important to note that this email is the authorized channel for such matters, sending multiple emails to multiple addresses does not necessarily help expedite your request). We will respond and rectify the situation in the next 8 hours.
At a glance
- Company
- Frasers Property (Thailand) Public Company Limited
- Announcement
- Award
- Location
- Bangkok, Thailand
Key figures
- Consecutive year receiving sustainability and governance recognitions
- fourth consecutive year
- SET ESG Ratings level
- AA
- GRESB rating
- 'A'
- CGR rating
- five-star
