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Supakorn Sriwasumetharatsami

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Supakorn Sriwasumetharatsami is a Legal Professional in Baker McKenzie, Bangkok office.

Customers and investors are increasingly interested in the ESG initiatives of companies before making a purchase or investment decision. This is the case in Thailand, where we are seeing more companies announce sustainability initiatives, causing government authorities to supportively respond to these efforts. In this two-part article, we will first focus on the sustainability trends in Thailand and the role of Thailand’s Board of Investment with examples of current incentive schemes and privileges that facilitate sustainability-related activities.

ESG (Environmental, Social, and Governance) considerations are growing in importance for companies and businesses globally, so much so that we have now arrived at the point where ESG has become one of the key priorities in boardrooms everywhere. Regulations are emerging, the pressure from stakeholders is increasing, and consumers are becoming more conscious of ESG issues, which is influencing their purchasing decisions as noted recently by the Head of Marketing at a Thai consumer goods company, “Consumers increasingly want to purchase products from organizations that are good at achieving their ESG goals