SETCarbon receives TGO certification, ready to establish Thailand's centralized carbon data architecture

The Stock Exchange of Thailand (SET) has achieved a pivotal milestone in advancing sustainability within Thailand's capital market as SETCarbon, an integrated corporate carbon data management platform, has received the official certification from the Thailand Greenhouse Gas Management Organization (Public Organization) (TGO) in the "Carbon Footprint for Organization (CFO) Platform" category. This achievement highlights SET's commitment to driving Thailand's business sector towards a low-carbon economy.

SETCarbon functions as a digital infrastructure aggregating and standardizing greenhouse gas emissions data management across the corporate landscape and features seamless data integration with SET's e-One Report system. The platform's key features include industry-specific greenhouse gas (GHG) activity data templates designed for convenient data collection as well as connectivity capabilities enabling data synchronization with multiple entities, including banks and financial institutions, thereby streamlining green finance access and processes for businesses.

SET Senior Executive Vice President Soraphol Tulayasathien emphasized that this national-level certification validates SETCarbon's credibility and the rigor of its carbon accounting methodologies. This accreditation provides all stakeholders, including listed companies and the broader business community, with assurance that SET's system maintains robust governance, transparency, and alignment with internationally recognized GHG accounting standards including Carbon Footprint for Organization (CFO) framework, GHG Protocol, and ISSB (IFRS S2). This ensures the reliability and usability of Thai corporate emissions data within both domestic and international frameworks.

SETCarbon's key features include: 1) An integrated single-platform system supporting end-to-end GHG data collection, calculation, analysis, and reporting for streamlined and enhanced data management; and 2) National-level standardization which positions SETCarbon as a key mechanism for the development of Thailand's "centralized carbon database" (Anchor Dataset) and unified data standards across all sectors.

This certification carries a three-year validity period and positions SET as one of just seven organizations in Thailand attaining the TGO certification in this category. This accomplishment represents a pivotal advancement in strengthening credibility and confidence as Thai enterprises accelerate their decarbonization journeys towards the net-zero commitment by 2050.

Services on the SETCarbon platform operated by SET are available to both listed companies and partner banks, with continuous enhancements planned for the system. Priorities for the next phase of development include Scope 3 emissions capabilities for end-to-end supply chain carbon accounting, the implementation of dashboards to track decarbonization performance against financial metrics, and the deployment of carbon data APIs enabling seamless data connectivity and access among stakeholders. SET will introduce expanded GHG Protocol templates for comprehensive coverage across all industries. Moreover, SET remains committed to fostering partnerships with the public sector and financial institutions to optimize carbon data utilization across the Thai economy and catalyze measurable progress towards sustainability within the Thai capital market.

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