Reinforces its commitment to leading the way in sustainable business practices
BANGKOK, November 12, 2024 -- Frasers Property (Thailand) Public Company Limited ("FPT") has received a 5-star "Excellent" Corporate Governance Report (CGR) rating for 2024, marking the fifth consecutive year it has achieved this highest level of recognition from the Thai Institute of Directors (IOD). FPT’s “Excellent” rating means that it had received a score of more than 90 points, higher than the average score of 84 points attained by companies assessed in 2024, underscoring FPT's position as Thailand's first fully integrated real estate platform committed to sustainable business practices.
At a glance
- Company
- Frasers Property (Thailand) Public Company Limited
- Announcement
- Award
- Location
- Bangkok, Thailand
Key figures
- Corporate Governance Report score
- more than 90 points
- Average score of companies assessed in 2024
- 84 points
- Listed companies evaluated
- 808
- Consecutive years with an Excellent rating
- fifth
People
- Thanapol SirithanachaiCountry Chief Executive Officer of Frasers Property (Thailand) Public Company Limited
Mr. Thanapol Sirithanachai, Country Chief Executive Officer of Frasers Property (Thailand) Public Company Limited, said, "Achieving the highest level of CGR rating for the fifth year in a row demonstrates Frasers Property Thailand's unwavering dedication to conducting business with transparency and FPT’s adherence to good governance principles encompassing economic, social, and environmental considerations. We remain committed to all stakeholders while driving our business forward sustainably, in line with our Purpose – Inspiring experiences, creating places for good. We have established a comprehensive sustainable business plan with well-defined metrics and ongoing monitoring to ensure continuous improvement and alignment with Frasers Property’s Group ESG goals."
The CGR assessment is supported by the Stock Exchange of Thailand and the Securities and Exchange Commission (SEC). It monitors and evaluates the corporate governance practices of 808 listed companies in Thailand, evaluating companies across three categories of Disclosure and Transparency, Rights and Equitable Treatment of Shareholders, and Role of Stakeholders and Business Sustainability.
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Questions around this news
What does an “Excellent” Corporate Governance Report rating signify?
In the 2024 assessment, an “Excellent” rating represented a score above 90 points, according to the release. The release says this was higher than the 84-point average among companies assessed that year. It also describes the rating as the highest level of recognition and says FPT received it for the fifth consecutive year.
What areas are covered by the Corporate Governance Report assessment?
The release identifies three assessment categories: disclosure and transparency; shareholders’ rights and equitable treatment; and the role of stakeholders and business sustainability. These categories address how companies share information, treat shareholders, and account for stakeholder interests and sustainability in their business practices.
What sustainability measures does the company say it has in place?
The release says the company has established a sustainable business plan with defined metrics and ongoing monitoring. It says these measures are intended to support continuous improvement and alignment with the group’s environmental, social and governance goals. The company also describes its approach as taking economic, social and environmental considerations into account.
Earlier from Frasers Property (Thailand) Public Company Limited
- Frasers Property Thailand secures "A" credit rating from TRIS for the 4th consecutive year, affirms leading position in real estate industry
- Frasers Property Thailand wins 5 international awards at HR Asia Awards 2024 and HR Excellence Awards 2024
- FPT appoints Managing Director of FIRM to drive strong growth for FTREIT
- Frasers Property Thailand celebrates Samyan Mitrtown's fifth anniversary, a friendly mixed-use project for food and knowledge generation
- Frasers Property Thailand’s Silom Edge mixed-use project wins inaugural ‘Best Urban Lifestyle Development Bangkok 2024’ award
