Jenny Costelloe, Country Director of CSR Asia for Singapore, said: “We are very pleased to establish this relationship with GRI as we increasingly see different types of regulators promoting reporting requirements guidance in Singapore. A powerful example is the Singapore Stock Exchange (SGX) that issued a reporting guide referencing the GRI Guidelines on 28 June of this year”.
Leena Wokeck, Director, CSR Asia Center, AIT, added that “The CSR Asia Center in Thailand is very pleased to be a GRI Data Partner as the empowerment of sustainability data should be on everybody’s agenda, particularly as the Stock Exchange of Thailand is currently developing two sets of guidelines for enhancing the sustainable performance of Thai businesses, targeted at both listed and non-listed companies.”
An increasing number of stock exchanges are now seeking sustainability data. Many are from emerging markets such as South Africa (JSE), Brazil (BMF Bovespa), Indonesia (IDX), Singapore (SGX) and now Thailand (SET).
The Thai Guideline for Social Responsibility will be based on instruments such as the GRI Guidelines, ISO 26000, the OECD MNE guidelines, the UN Global Compact and the SET country standard Principle of Good Corporate Governance 2006. The second Thai Guideline on CSR Reporting will introduce GRI and sustainability reporting and will include the GRI G3.1 Guidelines in Thai. Both sets of Guidelines will be released towards the end of this year.