EGCO Group Recognized with “AA” SET ESG Rating and “Excellent” Corporate Governance Rating in 2025
Electricity Generating Public Company Limited or EGCO Group demonstrated outstanding performance in sustainability assessments at both national and international levels in 2025. The company received an “AA” SET ESG Rating 2025 and an “Excellent” Thailand Corporate Governance Rating 2025 (CGR) for the 17th consecutive year in the Energy & Utilities sector with a market capitalization of over 10 billion baht. At the international level, EGCO Group also achieved outstanding results in the ASEAN Corporate Governance Scorecard 2024 (ACGS 2024) within the ASEAN Asset Class PLCs sector. These significant ratings affirm the success of the company’s business direction and performance under its ESG framework. The recognitions reinforce strong investor confidence in EGCO Group’s operations, reflect the successful integration of sustainability across its business, and demonstrate the company’s commitment to the United Nations Sustainable Development Goals (UN SDGs). In addition, EGCO Group has been recognized for its continuous growth during the energy transition period.
Mr. Tawatchai Sumranwanich, President of EGCO Group, said, “For more than 33 years, EGCO Group’s commitment has remained unwavering. We have focused on operating our power and energy-related businesses while contributing to the development of communities and society, as well as the protection of the environment and biodiversity. Corporate governance, transparency, and accountability have consistently played a vital role in our operations as we embed Environmental, Social, and Governance (ESG) practices across every dimension of our business in the seven countries where we operate. The United Nations Sustainable Development Goals (UN SDGs) also serve as a foundation for our operational practices. These guiding principles have delivered tangible positive impacts for our organization and all stakeholders, strengthening the confidence of our shareholders and investors and laying a solid foundation for our future business growth, both domestically and internationally.”
Driven by the company’s strong commitment, EGCO Group has delivered outstanding performance across multiple sustainability ratings. In the SET ESG Ratings 2025, in which 265 listed companies were assessed, EGCO Group achieved higher scores across all evaluation areas - most notably in the environmental dimension, where it earned a score of over 80 for the first time. The SET ESG Ratings program will conclude this year and transition to the FTSE Russell ESG Scores in 2026. This change represents a significant advancement, elevating sustainability ratings in Thailand’s capital market to align with international standards.
The Thailand Corporate Governance Rating (CGR) is a well-recognized program conducted by the Thai Institute of Directors (Thai IOD), with support from the Stock Exchange of Thailand. The program aims to monitor the development of corporate governance practices among listed companies in Thailand and to present an overall assessment of their performance. In addition, the CGR provides valuable guidelines for relevant agencies in the formulation of policies, rules, and regulations to further enhance corporate governance practices in Thailand. A total of 844 listed companies participated in the CGR 2025 assessment.
The ASEAN Corporate Governance Scorecard (ACGS) is conducted by the ASEAN Capital Markets Forum (ACMF) on a biennial basis. In 2025, the program assessed the 2024 corporate governance performance of participating companies from six ASEAN countries: Thailand, the Philippines, Malaysia, Vietnam, Singapore, and Indonesia. The assessment is based on publicly available information disclosed on companies’ English-language websites. ASEAN Asset Class PLCs recognition is awarded to listed companies that achieve scores of more than 97.50 points, equivalent to at least 75% of the total 130 points. In 2025, a total of 250 companies met this threshold. EGCO Group was among 74 Thai listed companies to receive this high-level recognition under the program.
