The SEC issued the notification in accordance with the principles approved by the Capital Market Supervisory Board at the meeting in December 2025, under which shares of listed companies participating in the SET’s JUMP+ Program and having obtained a CGR score of 90 or higher, or an equivalent rating, are designated as sustainability securities eligible for investment by Thai ESG. 

The revision is intended to enhance the role of the Thai capital market in supporting listed companies that demonstrate a strong commitment to elevating corporate governance quality in parallel with the achievement of their high-quality corporate growth objectives and plans. It also aims to promote continuous disclosure and communication with investors, strengthen investor confidence, and increase the long term attractiveness of the Thai capital market. The revision further extends to the regulations applicable to Thailand ESG Extra Funds (Thai ESGX).

Mr. Anek Yooyuen, Deputy Secretary General of the SEC and spokesperson, stated that “the revision of the regulations represents another important step in leveraging capital market mechanisms to encourage listed companies to conduct their businesses with strong corporate governance, a clear growth direction, and a high level of emphasis on consistent disclosure and ongoing communication with investors. This is pursued through Thai ESG Funds, which focus on investments in securities with sustainability attributes and play a significant role in supporting the stable and sustainable development of the Thai capital market.”

The revised regulations have been published in the Royal Gazette and have come into force as from 1 March 2026.

Following the effective date of the notification, Thai ESG and Thai ESGX funds are permitted to invest in Thai securities or assets with sustainability (ESG) attributes, including the following:
• Sustainability related shares listed on the SET or the Market for Alternative Investment (mai) with the following characteristics:
(1) strong performance in environmental (E) or ESG ratings or scores;
  (2) disclosure of verified greenhouse gas emissions data;
  (3) excellent corporate governance with disclosure of corporate value up plan (CVUP); and
  (4) participation in the JUMP+ Program with a CGR score of 90 or above.
• Sustainability-themed bonds;
  • Sustainability-themed tokens; and
  • Units of infrastructure funds and real estate investment trusts (REITs) that demonstrate strong performance in E or ESG ratings or scores.

As of 27 February 2026, there are 77 Thai ESG funds (including Thai ESGX) under the management of 19 asset management companies, with an aggregate net asset value (NAV) of approximately THB 104,107 million, representing a 252% growth rate compared with year end 2024.

Notes:
* (1) Notification of the Capital Market Supervisory Board No. TorNor. 1/2569 Re: Investment of Funds (No. 35)  including Appendix 2 
** 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.