Our Asia Pacific Employment & Compensation Team is pleased to provide you with our second quarterly update for 2022 highlighting key employment law changes across the Asia Pacific region.
Discussion about and around sustainable development is more critical now than ever as governments around the world have announced their commitment to achieve carbon neutrality and net zero greenhouse gas emissions during the 26th United Nations Climate Change’s Conferences of the Parties (COP 26) in Glasgow, and Thailand is no exception. Prime Minister Prayut Chan-o-cha announced Thailand’s commitment to become carbon neutral by 2050 and have net zero greenhouse gas emissions by 2065.
Sustainability Solution EP.5 – Thai investment agency’s move to promote sustainability” is presented by our Sustainability partner Nam-Ake Lekfuangfu and Corporate lawyers experienced in foreign investment, Chana Sooppipat and Jaywon Li. In this episode our team discusses promotion schemes offered by the Board of Investment of Thailand related to sustainability, covering various industries.
This video is in Thai with English subtitles.
In our previous article, we discussed international human rights due diligence (HRDD) trends, essential element in the “S” of the ESG (environment, social and governance) movement. In this article, we will take a closer look at HRDD trends in Thailand and what the implications might be for business operators in Thailand.
In our previous article, we discussed the substantial elements in the “S” of the ESG (Environment, Social and Governance) movement in terms of human rights due diligence (HRDD), its importance, and background. In this article, we will take an in-depth look at recent international HRDD trends.
In this article, we will discuss the underpinnings of the European Union’s ambitious plan, the “European Union Green Deal”, an agenda to advance the sustainability of member economies and have far-reaching implications for Asia Pacific and Thailand in particular. Given the stringent environmental, sustainability, and other regulatory standards in the EU Green Deal’s Sustainable Products Initiative, it is essential that businesses in Asia Pacific monitor the targets and ambitions of the EU Green Deal to be prepared to comply with higher standards for imports into the EU.
At the UN Climate Change Conference in Glasgow known as COP26, countries agreed to advance the implementation of the Paris Agreement and accelerate its action plans to cut global greenhouse gas emissions. Along the line of this endeavor, the Prime Minister of Thailand, Prayut Chan-o-cha, announced Thailand’s enhanced ambition towards a low carbon society, aiming to reach carbon neutrality in 2050, and Net Zero GHG Emissions in or before 2065.
As part of the measures to help ease the impact of the rise in fuel prices, the Cabinet, on 29 March 2022, approved, in principle, the reduction of the contribution rate to the Social Security Fund. This new measure, once the regulations are issued, will reduce the monthly contribution rates of employers and employees from 5% to 1% of wage applicable for three months starting from May until July 2022, to help reduce the cost of living for employees and costs for employers through the SSF system.
At the UN Climate Change Conference in Glasgow known as COP26, countries agreed to advance the implementation of the Paris Agreement and accelerate its action plans to cut global greenhouse gas emissions. Along the line of this endeavor, the Prime Minister of Thailand, Prayut Chan-o-cha, announced Thailand’s enhanced ambition towards a low carbon society, aiming to reach carbon neutrality in 2050, and Net Zero GHG Emissions in or before 2065.
The global trend on sustainability is gaining momentum in many aspects. Corporate entities are being obliged to operate with more sophisticated social responsibility towards all stakeholders. This time we discuss the developing legal landscape of human rights due diligence, another elements in the “S” of the ESG (environment, social and governance) movement.