Bangkok: Electricity Generating Public Company Limited (EGCO Group) has achieved excellent sustainability assessments for 2025 at both the national and ASEAN regional levels. This includes a ‘AA’ rating from the SET ESG Ratings 2025 and a ‘5-star’ rating from the Corporate Governance Rating System (CGR 2025) for the 17th consecutive year in the Resources industry group with a market capitalization exceeding 10 billion baht. EGCO also received a positive result in the ASEAN CG Scorecard 2024 (ACGS 2024) for the ASEAN Asset Class PLCs category.
According to Thai News Agency, Mr. Thawatchai Samranvanich, President and CEO of EGCO Group, revealed that these assessment results reflect the company’s consistent adherence to ESG business practices, earning recognition both nationally and internationally. This instills confidence in investors regarding EGCO’s position as a leading listed company on the Stock Exchange of Thailand that prioritizes and integrates sustainability into all its operations, aligning with the United Nations’ Sustainable Development Goals (SDGs), and driving business growth in line with the transition period of the energy industry.
For over 33 years, EGCO Group has been committed to operating its electricity and related energy businesses while simultaneously developing communities and society, and safeguarding the environment and biodiversity. This is based on sound corporate governance, transparency, and accountability. EGCO integrates Environmental, Social, and Governance (ESG) principles into its operations across seven countries, aligning with the United Nations Sustainable Development Goals (SDGs). This approach has created a positive impact from within the organization to all stakeholders and the wider society, fostering confidence among shareholders and investors, and forming the foundation for stable and sustainable global growth.
The SET ESG Ratings, an annual sustainability assessment conducted by the Stock Exchange of Thailand (SET), will feature 265 listed companies in 2025. The average scores have improved across all dimensions, particularly in the environmental dimension, where the average score exceeded 80 points for the first time. However, this will be the last year the SET announces SET ESG Ratings before switching to the FTSE Russell ESG Scores in 2026. This marks a significant step in elevating sustainability assessments in the Thai capital market to international standards.
The Corporate Governance Report (CGR) project, organized by the Thai Institute of Directors (Thai IOD) with support from the Stock Exchange of Thailand, aims to survey and monitor the development of corporate governance among listed companies in Thailand. The assessment results provide an overview to serve as a guideline for listed companies in developing their own corporate governance practices, as well as for relevant organizations in formulating policies and regulations to further enhance good corporate governance in Thailand. This year, 844 listed companies participated in the assessment.
The ASEAN CG Scorecard (ACGS) assessment is conducted annually by the ASEAN Capital Market Forum (ACMF). The 2025 assessment reflects the 2024 performance, revealing the quality of corporate governance of listed companies in the ASEAN region. The assessment considers publicly available English-language company data on the website. The ASEAN Asset Class PLCs award is given to listed companies scoring 97.50 or higher (75% of the total 130 points). A total of 250 companies received this award, with EGCO Group being one of 74 Thai listed companies.