Mr. Nampol Malichai, Chief Executive Officer and Managing Director of SCG Decor Public Company Limited (SCGD), revealed that “SCGD has been selected by the Stock Exchange of Thailand (SET) as one of the ‘SET ESG Ratings sustainable stocks’ with an A rating in the Property and Construction (Propcon) sector and included in the ‘SETESG Index’ for 2024.” This reflects the company’s sustainable business growth in both Thailand and ASEAN, delivering good long-term returns to investors while considering responsibility towards all stakeholders, along with environmental and social responsibility through good corporate governance (Environmental, Social, and Governance: ESG), aligning with sustainable investment trends.
SCGD has been focusing on enhancing competitiveness by continuously developing green product innovations that respond to eco-conscious customer trends, such as environmentally friendly tile products in the ECO Collection and water-saving sanitary ware. Simultaneously, the company aims to achieve Net Zero greenhouse gas emissions by 2050 (NET ZERO 2050). They are accelerating investment in cost reduction projects through renewable energy, currently generating approximately 10% of total electricity from solar cells and 19% of total heat energy from biomass energy, resulting in energy cost reduction of about 280 million baht per year and reducing greenhouse gas emissions by approximately 300,000 tons annually. The company aims to increase solar cell and biomass energy usage to 15% and 46% respectively by 2030.
The SET ESG Ratings assessment, conducted by the Stock Exchange of Thailand, serves as a tool demonstrating sustainable stock status, which investors use to make investment decisions in companies with outstanding ESG performance. In 2024, 228 companies are listed in the sustainable stocks group, with 34 companies in the Property and Construction (Propcon) sector.
Additionally, SCGD has been selected by the Stock Exchange of Thailand for inclusion in the SETESG Index, which reflects price movements of securities from companies with sustainable business practices, considering environmental, social, and governance (ESG) factors alongside financial analysis in investment decisions. The company will be included in this index calculation from January 1 to June 30, 2025.
Published on: Dec 23, 2024
ดาวน์โหลดข่าว