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SEC prepares to allow Thai ESG Funds to invest in listed companies participating in JUMP+ Program with a CGR score of 90 or above



Monday 2 February 2026 | No. 32 / 2026


Bangkok, 2 February 2026 – The Securities and Exchange Commission (SEC) is in the process of developing additional regulation to allow Thailand ESG Fund (Thai ESG) to invest in shares of Thai listed companies participating in the Stock Exchange of Thailand’s (SET) JUMP+ Program and achieving a Corporate Governance Report of Thai Listed Companies (CGR) score of at least 90. The initiative aims to support listed companies in elevating their corporate governance practices, implementing high-quality corporate growth objectives and plans, and providing investors with progress updates on a continual basis. The amended regulation is expected to take effect in March 2026.

In December 2025, the Capital Market Supervisory Board (CMSB) approved, in principle, amendments to the regulation related to the eligible investment of Thai ESG Funds to include shares of listed companies that participate in SET’s JUMP+ Program and achieve a CGR score of 90 or above as eligible assets for Thai ESG Funds. The objective is to support listed companies in elevating their corporate governance practices, pursuing high-quality corporate growth objectives and plans, and providing investors with progress updates on a continual basis. The SEC is currently drafting the relevant rule and notification, which are expected to become effective in March 2026.

Thai ESG Funds serve as a key mechanism to encourage businesses to operate sustainably over the long term. As of 26 January 2026, a total of 77 Thai ESG Funds (including Thailand ESG Extra Fund (Thai ESGX)) were managed by 19 asset management companies, with a combined net asset value (NAV) of approximately THB 103,146 million—representing a 249% growth rate compared with year end 2024.

At present, eligible investments for Thai ESG Funds include: (1) shares of listed companies on the SET or the Market for Alternative Investment (mai) that demonstrate strong environmental (E) or overall sustainability (ESG) performance, or disclose verified greenhouse gas emissions data, or exhibit corporate governance excellence with disclosure of corporate value up plan; (2) sustainability related debt instruments; (3) sustainability related investment tokens; and (4) units of infrastructure funds and real estate investment trusts (REITs) that exhibit strong E or ESG performance.

The SET’s JUMP+ Program aims to assist listed companies in developing and executing comprehensive corporate growth objectives and plans—including initiatives to strengthen corporate governance—while enhancing disclosure and continuous communication with investors to support informed investment decision-making. This, in turn, will help enhance the long-term competitiveness and visibility of Thai listed companies. The program is open for applications, and participating companies are required to submit their JUMP+ plans to the SET by 31 March 2026.









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