SasinSEC's ESG Initiatives [cont.]

26 Jul 2023
By Panichat Kitisittichai, SasinSEC SasinSEC is excited to share our recent (18 July) participation in the groundbreaking KYTALYST Talk Meetup#1: “ESG, a lasting game changer.” The upshot is that the global green movement has undeniably transformed the business landscape. Governments, clients, and investors are emphasizing sustainability, and businesses must embrace this paradigm shift. The launch of the Thailand Taxonomy further consolidates the commitment towards achieving climate goals, while SasinSEC’s own ESG digital platform project exemplifies our dedication to supporting businesses on their sustainable journey. Panichat Kitisittichai, SasinSEC, attended the meetup to explore the powerful impact of Environmental, Social, and Governance (ESG) considerations on businesses worldwide. The meetup shed light on the growing global green movement that is compelling companies to reevaluate their sustainability strategies and data reporting. Key insights from the event— 1. Regulation Pressure: The call for sustainability has reached new heights, with many countries implementing policies centered around an impact tax based on carbon emissions. The EU Carbon Border Adjustment Mechanism (CBAM) exemplifies this initiative. Businesses that engage in trade with EU countries must now address their carbon footprints and align their strategies with climate-friendly practices. 2. Supply Chain Transparency: Client demands are evolving, and businesses worldwide face increasing pressure to enhance supply chain transparency. Clients, especially those in the EU, seek greater visibility on the carbon footprint of products theypurchase. This demand for transparency is an opportunity for businesses to adopt sustainable practices throughout their supply chains. 3. Green Finances: In today’s financial landscape, sustainability is key to unlocking various business benefits. Sustainable businesses or those with robust ESG plans are now enjoying better interest rates from financial institutions and attracting lucrative deals from investors. It has become evident that companies which prioritize ESG principles are positively impacting the environment and positioning themselves for financial success. 4. The Thailand Taxonomy: Having long recognized the significance of sustainability and the urgency to combat climate change, Thailand has taken the commendable step of launching a Thailand Taxonomy. This taxonomy serves as a common reference for economic activities. It is voluntary and is aligned with the latest climate science. The goal is to reach net-zero emissions by 2050, in line with the Paris Agreement’s objective of limiting global warming to 1.5 degrees Celsius. The Thailand Taxonomy draws inspiration from internationally recognized taxonomies such as the EU and Climate Bonds Taxonomy. In its initial phase, the taxonomy covers climate change mitigation in the energy and transportation sectors. It plans to encompass additional significant industries such as manufacturing, agriculture, construction, and waste management. As the global call for sustainable practices intensifies, businesses must embrace responsible growth strategies. All require effective and accurate sustainability data reporting and opportunities for start-up solutions in sustainability. At SasinSEC, we recognize that effective sustainability data reporting is crucial to this transformation. We are currently initiating the ESG Digital Platform Project as a result. Integrated with the Corporate Performance Management system, this platform enables businesses to precisely measure, manage, and report their sustainability performance. By providing a comprehensive solution, we intend to encourage enterprises toward sustainability and responsible growth.  
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