The Stock Exchange of Thailand (SET) announced that its SETCarbon platform, a carbon neutral platform, has been certified by the Office of the National Environment Board (ONEP), paving the way for green loan opportunities.
The Stock Exchange of Thailand (SET) announced that SETCarbon, a business carbon data management platform, has been certified by the TGO as an "organizational carbon footprint reporting platform." It serves as a central carbon database for the country and is linked to partner banks to facilitate access to green financing for listed companies and the business sector, driving concrete progress towards the Net Zero target by 93.
17 November 2568 – Stock Exchange of Thailand (SET) Revealing the important success of driving the sustainability of the Thai capital market after “SETCarbon” A digital platform for managing business carbon data has been officially certified by the Thailand Greenhouse Gas Management Organization (Public Organization) or TGO in the category “Corporate Carbon Footprint Reporting Platform” Reflecting the commitment to pushing the Thai business sector towards a low-carbon economy in a concrete way
SETCarbon is the digital infrastructure of the Thai capital market to systematically and standardize the collection of greenhouse gas emissions data from the business sector through linkage with the SET's e-One Report system.
SETCarbon's key strengths and uniqueness over other platforms include easy-to-store industry-specific greenhouse gas activity data templates and connectivity with multiple agencies, including banks and financial institutions, facilitating faster and easier access to green loans for businesses.
Mr. Soraphol Tulyasathian, Deputy Managing Director, Head of Capital Market Sustainability Development, Stock Exchange of Thailand He stated that this certification is a national certification that confirms the credibility of SETCarbon and the accuracy of its calculation process. This will help build confidence among listed companies and the Thai business sector that the SET's system is standardized, transparent, and complies with international greenhouse gas calculation standards, such as the Carbon Footprint for Organization (CFO), GHG Protocol, and ISSB (IFRS S2). This will help ensure that Thai businesses' carbon data is reliable and can be used as a reference both domestically and internationally.
The outstanding features of SETCarbon include:
- A single, integrated platform that supports end-to-end calculation, storage, analysis, and reporting of greenhouse gas data, reducing complexity and increasing efficiency in data management and
- The SETCarbon national standard is also a key mechanism for developing the country's "Anchor Dataset", creating a single data standard for all sectors.
This certification is valid for three years. The Stock Exchange of Thailand is one of seven organizations in Thailand to be certified by the TGO in this category. This certification is an important step in building confidence in the Thai business sector in moving towards the Net Zero target by 2050.
The Stock Exchange of Thailand (SET) has launched the SETCarbon system for both listed companies and partner banks, with plans for further development in the next phase. This includes the development of Emission Scope 3 to support carbon calculations throughout the supply chain and a dashboard for tracking carbon performance against financial targets. It also develops a Carbon Data API to enable various agencies to easily connect and use data, including the addition of a GHG Protocol Template to cover all industries. It also strives to collaborate with government agencies and financial institutions to expand the use of carbon data in the economic sector and drive the Thai capital market towards concrete sustainability.
