“New MoU aims to sideline rulebreakers” – Bangkok Post – May 24, 2019

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.

“S&P Dow Jones Indices Launches Global ESG Index Series” – Morningstar – May 21, 2019

On May 21, 2019 Morningstar reported that S&P Dow Jones Indices has launched 22 new environmental, social and governance (ESG) versions of its main global equity indices, “with the company seeking to meet rising investor demand for such vehicles.

S&P Dow Jones Indices said the new series includes ESG versions of the S&P Global 1200, the S&P Europe 350 and the S&P Japan 500.

Some of S&P’s regional and country-specific large and midcap benchmarks covering the Americas, Europe, the Middle East and Africa and Asia-Pacific will also have an ESG version, it said.”

You may read the article on the Morningstar internet site.