SET Launches Innovative Carbon Management Platform to Boost Green Financing Opportunities

The Stock Exchange of Thailand (SET) has recently unveiled its innovative platform, SET Carbon, aimed at enhancing transparency in carbon footprint reporting. This initiative comes as a response to the increasing demand from government bodies and investors for reliable tools to comply with stringent environmental regulations.

Why SET Carbon is Essential for Thai Companies

SET Carbon addresses the urgent need for efficient carbon footprint management tools. Currently, only 30% of Thai listed companies have achieved verified carbon footprint disclosures in 2024. The platform not only promotes compliance but also facilitates access to green financing options, crucial for businesses aiming to operate sustainably.

About the Stock Exchange of Thailand

SET is a prominent financial institution at the core of Thailand’s capital market, offering a wide range of trading, listing, and information services. The organization emphasizes sustainability and environmental responsibility, aligning its initiatives with global standards.

Features of the SET Carbon Platform

• Comprehensive Carbon Footprint Calculation: The platform provides businesses with a reliable and cost-effective solution for calculating and managing their carbon footprints.
• Streamlined Data Management: SET Carbon simplifies the entire process from data collection to processing.
• Collaboration with Government Agencies: An MOU has been signed with the Department of Climate Change and Environment (DCCE) and the Export-Import Bank of Thailand (EXIM Bank) to enhance data management and reduce reporting duplication.

Support for Thailand’s Low-Carbon Transition

SET Carbon is strategically aligned with Thailand’s forthcoming Climate Change Act, which is expected to introduce key mechanisms like the Climate Fund, Thailand Taxonomy, and Carbon Pricing schemes. These initiatives are vital for fostering a transition to a low-carbon economy while safeguarding national interests in the global climate change landscape.

Statements from Key Officials

DCCE Director-General Phirun Saiyasitpanich noted that the platform’s alignment with the Climate Change Act is crucial for balancing regulatory enforcement with supportive measures for a low-carbon economy.

Additionally, EXIM Bank President Rak Vorrakitpokatorn stated, “As a green development bank, we are committed to bridging Thailand’s climate finance gap, empowering businesses to accelerate their green transformation and adhere to international carbon reporting standards.”

For further insights on sustainable finance, explore more at [SET Sustainability](https://www.set.or.th/sustainability) or visit the [Department of Climate Change and Environment](https://www.dcc.go.th) for updates on climate policies.