TPI Polene Best Corporate Governance Company in Thailand 2023 Atlantis, The palm Dubai

TPI Polene Public Company Limited and TPI Polene Power Public Company Limited have received “2023 SET ESG Ratings: AA” Corporate Sustainability Assessment from the Stock Exchange of Thailand.  This emphasizes the strong intension of business operations to continuously develop towards corporate sustainability  with full responsibilities to stakeholders by taking into account of Environmental, Social and Governance criteria (ESG), reflecting the Company's ability to achieve the Company's ESG performance to show investors its growth potential, competitiveness to generate good and sustainable returns in the long term investment.     

Today, attention should be given to the discussion between the Ministry of Finance and FETCO, focusing on preparations to launch a new type of tax relief fund. This fund will prioritize ESG factors (ESG Fund). Investment strategy recommendation: Select stocks with robust profit growth and high ESG ratings. Source: MST*

Investment Merits: TPIPL/TPIPP

ESG and Sustainability
TPIPL and TPIPP are among the 53 companies that were rated by the SET AA Both companies also received 5-Star CG rating among 68 companies Despite difficult operating conditions both TPIPL and TPIPP delivered resilient performance in 9M2023 TPIPL and TPIPP intensively pursues innovation to meet its ESG and Sustainability objective TPIPP sits on a sizable amount of carbon credits (>1.0 million) that can be monetized when carbon market opens TPIPP has also accumulated increasing number of I-REC credits (>1.0 million) TPI PL Group’s five year capex plan to improve plant operations peak this year

Both companies are cheaply valued TPIPL now trades at 6.9x PE and has dividend yield of 7.25% trailing basis one of the handful companies on the SET whose Yield is higher than its PE (nominally speaking) TPIPP now trades at 8.15x PE and has dividend yield of 7.27%

TPI Polene Public Company Limited and TPI Polene Power Public Company Limited prove a next level of operational excellence, following their continuously organizational development to achieve "Excellent CG Scoring, a 5-star corporate governance assessment”  for the year 2023  in  Corporate Governance Report of Thai Listed Companies (CGR) for the year 2023, operated by Thai Institute of Directors (IOD) in collaboration with the Stock Exchange of Thailand (SET) and the Office of Securities and Exchange Commission (SEC). This reflects the determined dedication of the companies' Board of Directors, top management and employees to the continuous development and enhancement of the good corporate governance practices of the companies.