Reinforces its commitment to leading the way in sustainable business practices
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Frasers Property (Thailand) Public Company Limited (“FPT”) has received a 5-star “Excellent” Corporate Governance Report (CGR) rating for 2024, marking the fifth consecutive year it has achieved this highest level of recognition from the Thai Institute of Directors (IOD). FPT’s “Excellent” rating means that it had received a score of more than 90 points, higher than the average score of 84 points attained by companies assessed in 2024, underscoring FPT’s position as Thailand’s first fully integrated real estate platform committed to sustainable business practices.
Mr. Thanapol Sirithanachai, Country Chief Executive Officer of Frasers Property (Thailand) Public Company Limited, said, “Achieving the highest level of CGR rating for the fifth year in a row demonstrates Frasers Property Thailand’s unwavering dedication to conducting business with transparency and FPT’s adherence to good governance principles encompassing economic, social, and environmental considerations. We remain committed to all stakeholders while driving our business forward sustainably, in line with our Purpose – Inspiring experiences, creating places for good. We have established a comprehensive sustainable business plan with well-defined metrics and ongoing monitoring to ensure continuous improvement and alignment with Frasers Property’s Group ESG goals.”
The CGR assessment is supported by the Stock Exchange of Thailand and the Securities and Exchange Commission (SEC). It monitors and evaluates the corporate governance practices of 808 listed companies in Thailand, evaluating companies across three categories of Disclosure and Transparency, Rights and Equitable Treatment of Shareholders, and Role of Stakeholders and Business Sustainability.
Release ID: 89145943
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