DUSIT THANI PUBLIC COMPANY LIMITED (DTC) has been selected by Thaipat Institute as one of the top 100 ESG performers among the 683 publicly listed companies assessed in 2018.
Established in 2015, Thaipat’s ESG Rating Unit assesses publicly listed companies in the areas of Environmental, Social and Governance (ESG) to find those with outstanding sustainability performance.
Thaipat’s sources of data include the listed companies’ public disclosures in the form of annual filings (Form 56-1), including annual reports, sustainability reports and sustainable development performance data. This is then used to determine the 100 companies with the most outstanding performance by industrial sector.
For the fourth consecutive year, DTC has been placed in the top 100 companies in the service sector, reflecting the company’s commitment to total quality management and a solid strategy for sustainable and profitable growth.
“We are delighted to be named on the ESG 100 list for the fourth consecutive year,” said Suphajee Suthumpun, Group CEO, DTC.
“That we keep making the list reflects not only our strong corporate governance but also our commitment to creating long-lasting value for all of our stakeholders by following our three-pronged strategy for sustainable growth – balance, expansion and diversification.
“During the first half of 2018, we achieved our investment goals for this quarter by establishing Dusit Foods Co. and entering the food business with an equity investment in NR Instant Produce Co. (NRIP) – and we also introduced ASAI Hotels, a new affordable lifestyle brand aimed at the fast-growing market of millennial-minded travellers.
“Following economic recovery in the tourism sector, we are confident we will be able to explore even more opportunities to add even more new revenue streams to our company,” she said.
Thaipat Institute introduced its first sustainable development performance ranking in 2015 to cater to the demand created by investors’ preference for companies with satisfactory ESG performance.
Its ESG Rating Unit develops sustainability information through assessment of sustainability data of listed securities in the Stock Exchange of Thailand for the purpose of encouraging disclosure of sustainability data by listed companies and responsible investing.