Thai asset owners are pushing for ESG-integrated portfolios to be adopted across the board by the country’s investing institutions.
Speaking at this week’s Sustainable Investment Conference in Bangkok, Dr Seree Nonthasoot, a board member of the Government Pension Fund of Thailand (GPF), said the fund was well on the way to having its entire portfolio covered by ESG investment processes.
Nonthasoot, who is also governor of the Stock Exchange of Thailand (SET) added that 32 major institutional investors in Thailand, with over 11 trillion baht (US$1.8 trillion) in assets under management, have signed the ESG collaborative engagement guidelines initiated by GPF in August this year.
GPF will complete its ESG scoring tool by the end of this year, which will be used to evaluate investment opportunities in Thai equities and fixed income assets.
“By the first quarter of 2020, GPF targets to use an ESG lens for all of our investments in the Thai …