ความสัมพันธ์ระหว่างการเปิดเผยข้อมูลเป้าหมายการพัฒนาที่ยั่งยืนกับผลการดำเนินงานของบริษัทไทยที่มีผลงานโดดเด่นด้านสิ่งแวดล้อม สังคม และธรรมมาภิบาล

Abstract

This independent study aimed to investigate the disclosure of Sustainable Development Goals (SDGs) and relationships between the disclosure of SDGs and performance of Thai environment, social, governance oriented companies listed on the Stock Exchange of Thailand. Data were gathered from 200 sustainable development reports or annual reports of the environment, social, governance oriented companies (ESG 100), year B.E. 2559-2560, as conducted on the basis of 169 targets of 17 SDGs. The findings presented that the disclosure of SDGs of Thai environment, social, governance oriented companies listed on the Stock Exchange of Thailand was increased from B.E. 2559 by 2%. The highest level of disclosure at 27% was the disclosure on peace, justice, and strong institution; while the lowest level of disclosure at 11% was the disclosure on inclusive society. Results of the analysis of multiple regression between targets of SDGs and performance of the studied companies revealed that according to the Return on Assets (RoA) and the Return on Equity (RoE) data, the disclosure of SDGs among the studied companies correlated to their performance. These data could enhance image of the company, which benefited to the trust in company’s products or services among the stakeholders and the trust in company’s continuous growth among the investors. The findings also indicated that the Gross Profit Margin and the Net Profit Margin did not correlate with the disclosure of SDGs because the Securities and Exchange Commission and the Stock Exchange of Thailand did not define the exact format of disclosure. In addition, the current disclosure was conducted on a voluntary basis; so, the format of disclosure report was varied.