On May 24, 2019 Bangkok Post reported that the Government Pension Fund (GPF), a few insurance companies and seven mutual funds have launched an initiative called the Negative List Guideline to boost ESG compliance by Thai listed companies.
According to the article, “(u)nder the scheme, participating institutional investors will declare their intention to the public that they will suspend additional investment for 3-6 months for shares of companies’ whose executives break the Securities and Exchange Act or other laws. Whether institutional investors will divest such shares depends on investors’ own decisions.
After the suspension period, they will evaluate those companies again and they are allowed to resume accumulating these stocks if the cause is eliminated, said [Secretary General Vitai Ratanakorn].
A memorandum of understanding to make a commitment to comply with the Negative List Guideline is expected on Oct 1 and will take effect from next year.
The Negative List Guideline is not retroactive.”
You may read the article on the Bangkok Post internet site.