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SEC assessment reveals growing ESG integration in securities firms’ research reports, recommends data quality improvement for investors’ decision making



Wednesday 24 December 2025 | No. 329 / 2025


Bangkok, 24 December 2025 – The Securities and Exchange Commission (SEC) has announced the results of an assessment on the integration of Environmental, Social, and Governance (ESG) factors in research reports by 34 securities companies, conducted under the initiative to promote ESG adoption in investment analysis. The assessment shows that the industry is placing greater emphasis on ESG with a continued upward trend, for the benefit of investors. 

Based on the survey on securities companies’ operation, which marks the first year of the readiness assessment, the majority of securities companies place importance on human capital development. More than 50 percent of those producing ESG-related research encourage their personnel to undertake additional training and obtain internationally recognized ESG qualifications. In terms of policy, approximately 40 percent of securities companies have established policies or strategies for incorporating ESG factors into investment research reports, as approved by the boards of directors, reflecting a clear policy foundation.

Regarding operational processes, most securities companies remain at an early stage of integrating ESG in investment analysis, with practices including the compilation of information and analysis of ESG-related risks, at a minimum covering climate risk, and the initial development of more systematic analytical processes. In terms of communication, most securities firms disclose ESG information through channels that are easily accessible to investors and include dedicated ESG sections in their research reports. 

However, several securities companies noted constraints related to the adequacy of ESG data, recommending listed companies disclose clearer and more standardized ESG information. They also suggested that the SEC support knowledge development and practical guidance in line with international standards. 

In this regard, the SEC considers the assessment results and recommendations to be beneficial for enhancing the quality of ESG data in Thailand’s capital market. The findings will be used to support the development of measures to promote ESG disclosure that is comprehensive, practical, and comparable, thereby supporting well-informed investment decision-making and fostering high-quality and sustainable growth of Thailand’s capital market.  

A summary of the overall assessment of securities companies’ readiness to integrate ESG factors into investment research reports is available on the SEC’s website at https://www.sec.or.th/TH/Pages/ESG-integration.aspx.  














Building Confidence in the Capital Market
NEWS
Securities and Exchange Commission
Corporate Communication and Investor Service Department
Tel. (66)2033-9502-5 E-mail: press@sec.or.th
No. 329 / 2025 Wednesday 24 December 2025
SEC assessment reveals growing ESG integration in securities firms’ research reports, recommends data quality improvement for investors’ decision making

Bangkok, 24 December 2025 – The Securities and Exchange Commission (SEC) has announced the results of an assessment on the integration of Environmental, Social, and Governance (ESG) factors in research reports by 34 securities companies, conducted under the initiative to promote ESG adoption in investment analysis. The assessment shows that the industry is placing greater emphasis on ESG with a continued upward trend, for the benefit of investors. 

Based on the survey on securities companies’ operation, which marks the first year of the readiness assessment, the majority of securities companies place importance on human capital development. More than 50 percent of those producing ESG-related research encourage their personnel to undertake additional training and obtain internationally recognized ESG qualifications. In terms of policy, approximately 40 percent of securities companies have established policies or strategies for incorporating ESG factors into investment research reports, as approved by the boards of directors, reflecting a clear policy foundation.

Regarding operational processes, most securities companies remain at an early stage of integrating ESG in investment analysis, with practices including the compilation of information and analysis of ESG-related risks, at a minimum covering climate risk, and the initial development of more systematic analytical processes. In terms of communication, most securities firms disclose ESG information through channels that are easily accessible to investors and include dedicated ESG sections in their research reports. 

However, several securities companies noted constraints related to the adequacy of ESG data, recommending listed companies disclose clearer and more standardized ESG information. They also suggested that the SEC support knowledge development and practical guidance in line with international standards. 

In this regard, the SEC considers the assessment results and recommendations to be beneficial for enhancing the quality of ESG data in Thailand’s capital market. The findings will be used to support the development of measures to promote ESG disclosure that is comprehensive, practical, and comparable, thereby supporting well-informed investment decision-making and fostering high-quality and sustainable growth of Thailand’s capital market.  

A summary of the overall assessment of securities companies’ readiness to integrate ESG factors into investment research reports is available on the SEC’s website at https://www.sec.or.th/TH/Pages/ESG-integration.aspx.