20/12/2024
PRIME Achieves “BBB” Rating in SET ESG Ratings, Reinforcing Commitment to Sustainable Business
Mr. Somprasong Panjalak, Chairman and Chief Executive Officer of Prime Road Power Public Company Limited (PRIME), expressed his delight at the company's achievement of a "BBB" rating in the SET ESG Rating 2024. This marks the first year PRIME has been selected for inclusion in the "SET ESG Ratings – Sustainable Stocks" list.
This milestone underscores PRIME's commitment to environmental, social, and governance (ESG) practices, focusing on creating sustainable value for shareholders and society. PRIME actively implements initiatives aligned with sustainable development goals, such as investing in clean energy, enhancing resource efficiency, and launching impactful community projects.
One standout social initiative, executed through PRIME's subsidiary Prime Road Alternative (Cambodia) Co., Ltd., involves partnerships with PDA, PDI, The Bamboo School, and SEVA – Cambodia. Together, they have developed two model schools near the Thai-Cambodian border: Samaki Meanchey School and Santepheab Primary School. The success of this program will pave the way for expansion to other schools in Cambodia.
In addition, PRIME received its first-ever "Excellent" (5-star) Corporate Governance (CG) rating from the Thai Institute of Directors (IOD). This achievement reflects PRIME's transparent governance practices, accountability to shareholders, and dedication to building trust among all stakeholders.
For the 2024 SET ESG Ratings, 228 listed companies met the criteria, categorized into four levels: AAA (56 companies), AA (80 companies), A (71 companies), and BBB (21 companies). These companies represent 82% of the total market capitalization of the SET and mai indices. Participation in the assessment is voluntary, requiring a minimum ESG score of 50% and compliance with the qualifications of the Thailand Stock Exchange.
"The results of this year's SET ESG Ratings and CG assessment affirm PRIME's success in advancing sustainable business practices and reinforce our commitment to delivering greater value for shareholders and investors. At the same time, we aim to drive positive social and environmental impact, aligning with PRIME's vision to be a leader in the energy and environment business with innovation and modern technology for a better society and sustainable environment.," Mr Somprasong concluded.
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