ESG and Impact investing in Thailand: the case of Siam Cement Group

  • Anastasia Maga
Keywords: ESG, Impact Investing, Triple Bottom Line, Responsible Investing


This paper focuses on two newly emerging popular investment tools used by corporations in the domain of triple bottom line (TBL): ESG, or environmental, social and governance matters and Impact investing (II), an emergent tool, which came to denote the type of investing aiming specifically at achieving two objectives – financial returns and positive social impact [12]. The two differ in screening methods ranging from more impact driven in II as opposed to value driven ones under ESG. The article describes the theoretical framework of ESG and II and the application of the tools on the evidence from the Siam Cement Group PCL in Thailand. The SCG case is explored from the point of view of screening methods and effects of the company’s main investment project in the domain of TBL.


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