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Leading SET Sustainability Reporting & TCFD Climate Disclosure Consulting in Thailand

Driving Thailand’s ESG & Sustainable Development Leadership

Thailand has emerged as a regional sustainability leader with mandatory ESG reporting through the Stock Exchange of Thailand’s (SET) One Report framework and progressive TCFD-aligned climate expectations. The country’s commitment to climate action through the Bio-Circular-Green (BCG) Economic Model and net-zero targets positions Thai companies at the forefront of Southeast Asian ESG excellence.

As a leading ESG and sustainability consultant in Thailand, Clenergize Consultants provides comprehensive advisory services helping SET-listed companies meet mandatory sustainability reporting requirements, prepare for TCFD climate disclosures, and navigate Thailand Greenhouse Gas Management Organization (TGO) emissions reporting. Our expertise spans ESG strategy, sustainability reporting, climate risk assessment, carbon accounting, and regulatory compliance—ensuring Thai businesses excel in ASEAN’s evolving sustainability landscape.

Why ESG Compliance is Business-Critical in Thailand

Thailand's National Strategy on Climate Change, Enhanced Nationally Determined Contribution (NDC), and BCG Economic Model demonstrate the nation's sustainability commitment. Several regulatory mandates underscore this transformation:

  • SET Mandatory Sustainability Reporting (One Report) – All companies listed on the Stock Exchange of Thailand must prepare the One Report, combining financial and sustainability disclosures covering ESG risks, sustainability governance, GHG data, workforce/social KPIs, supply-chain ESG, human rights, anti-corruption, and sustainability strategy. Approximately 300-400 large and mid-cap SET issuers must comply.
  • SET TCFD-Aligned Climate Reporting (Soft Mandatory for Large-Caps) – SET encourages and effectively requires large-cap listed companies (SET50 + SET100) to disclose climate information aligned with TCFD, including governance, climate risk assessment, scenario analysis, Scope 1-3 emissions, transition planning, and targets. Approximately 100-120 large companies face TCFD expectations.
  • GHG Emissions Reporting (Thailand Greenhouse Gas Management Organization – TGO) – Large emitters in power, petrochemicals, cement, steel, aviation, and manufacturing must report GHG emissions under TGO programs, covering Scope 1 & 2 emissions, energy data, MRV systems, low-carbon planning, and offset strategies. Approximately 150-250 large facilities must comply.

Given these developments, Thai companies that fail to adapt risk regulatory scrutiny, investor divestment, supply chain exclusion, and competitive disadvantage in ASEAN's sustainability-focused markets.

Clenergize's ESG Consulting Services in Thailand

Clenergize Consultants offers tailored ESG and sustainability advisory services designed for Thailand's regulatory environment and ASEAN business context. Our Thai expertise enables clients to achieve SET compliance, excel in TCFD climate reporting, and build sustainable competitive advantages across regional markets.

1. SET One Report & Sustainability Disclosure

Thailand's One Report framework integrates financial and sustainability reporting. Clenergize's SET sustainability services include:

  • One Report Preparation – Drafting integrated reports combining financial performance with comprehensive sustainability disclosures meeting SET requirements
  • ESG Risk Assessment – Identifying and analyzing material ESG risks affecting business operations and strategy
  • Sustainability Governance – Establishing board oversight, sustainability committees, and management accountability structures
  • GHG Data Management – Measuring and reporting greenhouse gas emissions across operations
  • Social KPI Reporting – Disclosing workforce metrics, occupational health and safety, human capital development, diversity and inclusion, community engagement
  • Supply Chain ESG – Assessing and reporting sustainability performance across supply chains, particularly relevant for manufacturing and export sectors
  • Anti-Corruption Programs – Documenting anti-corruption policies, due diligence, and compliance systems
  • Human Rights Due Diligence – Reporting on human rights policies, risk assessments, and remediation mechanisms
  • Sustainability Strategy Communication – Articulating sustainability objectives, targets, and performance aligned with business strategy
  • We serve SET-listed companies across banking, property, retail, energy, industrials, and services sectors, ensuring full One Report compliance and stakeholder communication excellence.

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2. TCFD Climate Reporting & Risk Management

SET expectations for TCFD-aligned disclosure create requirements for large-cap companies. Our TCFD services include:

  • TCFD Framework Implementation – Establishing governance, strategy, risk management, and metrics & targets aligned with TCFD recommendations
  • Climate Governance Structures – Creating board oversight and management responsibility for climate-related issues
  • Climate Risk & Opportunity Assessment – Identifying physical risks (flooding, drought, extreme heat) and transition risks (policy, technology, market) affecting Thai operations
  • Scenario Analysis – Conducting climate scenario planning across multiple temperature pathways relevant to Thai economic sectors
  • Complete Carbon Foot printing – Measuring Scope 1, 2, and 3 GHG emissions following GHG Protocol standards
  • Climate Transition Planning – Developing decarbonization roadmaps, emission reduction targets, and adaptation strategies
  • Climate Metrics & Targets – Establishing climate KPIs, carbon intensity metrics, and time-bound reduction objectives
  • TCFD Disclosure Preparation – Drafting climate-related disclosures for inclusion in SET One Report

We help SET50 and SET100 companies implement TCFD climate reporting, ensuring regulatory expectations are met while demonstrating climate leadership to investors and stakeholders.

3. TGO Emissions Reporting & Carbon Management

Thailand's GHG Management Organization oversees national emissions reporting. Clenergize's TGO services include:

  • TGO Emissions Inventory – Conducting annual GHG inventories meeting TGO methodologies and reporting requirements
  • Carbon Accounting Systems – Implementing measurement systems for Scope 1 and Scope 2 emissions
  • Emissions Verification – Coordinating third-party verification processes with approved verifiers
  • Low-Carbon Action Plans – Developing emission reduction strategies and implementation roadmaps
  • Carbon Offset Strategy – Identifying Thailand Voluntary Emission Reduction (T-VER) projects and carbon credit opportunities
  • Energy Efficiency Integration – Connecting emissions reduction with energy management and cost savings

We serve power generation, industrial manufacturing, petrochemicals, cement, steel, and other high-emitting sectors managing TGO reporting obligations.

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4. Carbon Accounting & Net Zero Strategy

Comprehensive carbon management supports both regulatory compliance and climate leadership. Clenergize provides:

  • Scope 1, 2, 3 Carbon Footprinting – Complete GHG inventory following GHG Protocol and ISO 14064 standards
  • Carbon Reduction Strategy – Identifying emission reduction opportunities across operations, energy use, and value chains
  • Science-Based Targets – Developing SBTi-validated emission reduction targets aligned with Paris Agreement pathways
  • Net Zero Roadmaps – Creating long-term decarbonization strategies toward Thailand's 2065 carbon neutrality goal
  • Carbon Neutrality Planning – Developing credible carbon neutrality claims with appropriate offsetting
  • Climate Adaptation Planning – Building resilience to physical climate risks relevant to Thai operations

We help Thai companies develop robust carbon management strategies supporting SET One Report, TCFD, and TGO requirements.

5. Renewable Energy & Clean Energy Solutions

While ESG compliance is our primary focus in Thailand, Clenergize brings renewable energy expertise supporting decarbonization:

  • Corporate Renewable Energy Strategy – Developing renewable procurement plans through direct PPAs, renewable certificates, and on-site generation
  • Solar PV Feasibility Studies – Assessing rooftop and ground-mounted solar potential for industrial and commercial facilities
  • Energy Regulatory Navigation – Understanding Thailand's feed-in tariffs, net metering, and renewable energy incentives
  • Renewable Energy Certificates – Sourcing International REC Standard (I-REC) certificates for Scope 2 market-based accounting

With renewable energy project experience across Southeast Asia, we help Thai companies integrate clean energy into comprehensive climate strategies supporting SET and TCFD requirements.

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Industry Specialization in Thailand

Our Thailand ESG consulting serves key sectors:

  • Banking & Financial Services – Climate risk management, sustainable finance, ESG integration
  • Property & Real Estate – Green building, climate resilience, sustainability reporting
  • Retail & Consumer Products – Supply chain sustainability, circular economy, social responsibility
  • Energy & Utilities – Emissions reporting, renewable integration, transition planning
  • Industrial & Manufacturing – Carbon management, environmental compliance, export ESG
  • Tourism & Hospitality – Sustainable tourism, environmental management, social metrics

Why Choose Clenergize for Thailand ESG Compliance?

Thai Market Expertise

Deep understanding of SET requirements and local business environment

TCFD Implementation Experience

Helping Thai companies meet investor climate disclosure expectations

TGO Compliance Support

Comprehensive emissions reporting and carbon management capabilities

ASEAN Regional Perspective

Operating across Southeast Asia with regional context

BCG Economy Alignment

Understanding Thailand's Bio-Circular-Green economic model

Multi-Disciplinary Team

ESG strategists, carbon experts, sustainability consultants, and regulatory specialists

Partner with Clenergize for Thailand ESG Leadership

As Thailand advances its sustainability agenda through SET One Report and TCFD climate expectations, companies need expert partners navigating evolving requirements while demonstrating sustainability leadership in ASEAN.

Contact us to explore how we can help your organization achieve SET sustainability compliance, TCFD climate readiness, and sustainable business excellence across Thailand and Southeast Asia.

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Frequently Asked Questions

SB 253, also known as the Climate Corporate Data Accountability Act, requires companies with annual revenues over $1 billion doing business in California to disclose their Scope 1, Scope 2, and Scope 3 greenhouse gas (GHG) emissions. Reporting begins in 2026 for Scope 1 and 2 emissions (covering the 2025 fiscal year) and in 2027 for Scope 3 emissions.

SB 261 requires companies with annual revenues over $500 million operating in California to disclose climate-related financial risks and their mitigation strategies. The disclosures, starting in 2026, must align with the Task Force on Climate-Related Financial Disclosures (TCFD) framework.

Scope 1: Direct emissions from owned or controlled sources (e.g., on-site fuel combustion). Scope 2: Indirect emissions from the purchase of electricity, steam, heat, or cooling.Scope 3: All other indirect emissions in a company’s value chain, including supply chain emissions, transportation, and product lifecycle emissions.

Non-compliance will result in penalties from the California Air Resources Board (CARB). SB 253: Fines up to $500,000 per reporting year. SB 261: Fines up to $50,000 per reporting year. Additionally, companies risk reputational damage and potential loss of investor confidence.

Clenergize Consultants provides:

  • Expertise in measuring and reporting Scope 1, 2, and 3 emissions
  • Guidance on climate risk assessments and mitigation strategies aligned with TCFD.
  • Support with implementing data collection systems and ensuring reporting accuracy.
  • Assistance with third-party verification and assurance for compliance.
  • Tailored solutions to integrate carbon disclosures into broader ESG strategies.
  • Access to our proprietary digital platform Clenergize ESG+ to monitor your carbon footprint and ESG strategy.

For further queries please contact us on info@clenergize.com

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