Bangkok: SETCarbon has been certified by the NBTC and is ready to lay the foundation for the country’s central carbon calculation system. The Stock Exchange of Thailand (SET) announced a significant milestone in driving sustainability in the Thai capital market after its “SETCarbon” platform for managing business carbon data received certification from the Office of the National Economic and Social Development Board (ONESSD). The platform lays the foundation for a national carbon calculation system, providing listed companies and banks with easier access to green financing.
According to Thai News Agency, Mr. Soraphol Tulayasathien, Senior Executive Vice President and Head of Capital Market Sustainability Development at the Stock Exchange of Thailand (SET), revealed that “SETCarbon,” a digital platform for managing business carbon data, has been officially certified by the Thailand Greenhouse Gas Management Organization (Public Organization) or TGO in the “Corporate Carbon Footprint Reporting Platform” category. This reflects the company’s commitment to tangibly driving the Thai business sector towards a low-carbon economy.
SETCarbon is the Thai capital market’s digital infrastructure for systematically and standardized compilation of greenhouse gas emissions data from the business sector. This data is linked to the Stock Exchange of Thailand’s e-One Report system. SETCarbon’s unique features and advantages over other platforms include easy-to-use industry-specific greenhouse gas activity data templates and the ability to connect with multiple entities, such as banks and financial institutions, facilitating faster and easier access to green loans for the business sector.
This certification is a national recognition that confirms the credibility of SETCarbon and the accuracy of its calculation process. This will help build confidence among listed companies and the Thai business sector that the SET’s system is standardized, transparent, and complies with international greenhouse gas calculation standards, such as the Carbon Footprint for Organization (CFO), GHG Protocol, and ISSB (IFRS S2). This will help ensure that Thai businesses’ carbon data is reliable and can be used as a reference both domestically and internationally.
Key features of SETCarbon include: 1) a comprehensive system on a single platform that supports end-to-end calculation, storage, analysis, and reporting of greenhouse gas data, reducing complexity and increasing efficiency in data management; and 2) national standards. SETCarbon is also a key mechanism in developing the country’s “Central Carbon Database” (Anchor Dataset), creating a single data standard for all sectors.
This certification is valid for three years. The Stock Exchange of Thailand is one of seven organizations in Thailand to be certified by the TGO in this category. This certification is an important step in building confidence in the Thai business sector in moving towards the Net Zero target by 2050.
The Stock Exchange of Thailand (SET) has offered the SETCarbon system free of charge to 299 listed companies and partner banks since January 2025. Further developments include the development of Emission Scope 3 to support carbon calculations throughout the supply chain and a dashboard for tracking carbon performance against financial targets. The SET also developed a Carbon Data API to facilitate data connectivity and access by various agencies. The SET also expanded the GHG Protocol Template to cover all industries. The SET is committed to collaborating with government agencies and financial institutions to expand the use of carbon data in the economic sector and tangibly propel the Thai capital market toward sustainability.
In this regard, 516 listed companies have reported their greenhouse gas emissions from 2022-2024 through the ESG Data Platform, while 299 companies have reported their greenhouse gas emissions through SETCarbon (as of October 31, 2025). Two partner banks, the Export-Import Bank of Thailand (EXIM Bank) and TMB Thanachart Bank (ttb), have also reported their greenhouse gas emissions through SETCarbon.