STGT included in Thailand Sustainability Investment 2021 list
Sri Trang Gloves (Thailand) Public Company Limited (“STGT” or the “Company”), a world-leading glove producer with a secondary listing on the SGX Mainboard, is pleased to announce that testament to the company’s on-going achievements in sustainability and high ethical standards, STGT has been recognised by the Stock Exchange of Thailand (“SET”) as a sustainable stock and added to the Thailand Sustainability Investment (“THSI”) 2021 list.
STGT CEO Ms Jarinya Jirotkul, said, “Our admission into the THSI list for 2021 is a recognition of our focus on managing our business in a holistic and sustainable manner. It reinforces our commitment to become a sustainable and socially responsible company that creates shared value and benefits for our stakeholders.”
The THSI list was created in 2015 and comprises companies listed on the SET that conduct sustainable business operations in line with corporate governance principles. Companies are assessed on their sustainability performance in four main aspects including policy, process, performance and disclosure. Companies listed on THSI create long-term returns by valuing their ESG responsibility and by managing their business with transparency. THSI serves as an alternative for investors who desire to adopt responsible investing.
STGT received recognition in the Consumer products category. As a manufacturer and distributor of natural rubber gloves that focuses on developing green environmentally friendly products, STGT utilizes 95% of biomass energy in its production process to increase production efficiency, while reducing production costs and carbon emissions. STGT has several 2024 sustainability goals in place, and has been making good progress. This includes the company’s targets to reduce carbon emission intensity, water consumption intensity and waste generation by 10%, and to lower its energy and electricity consumption intensity by 5% and 10% respectively, as well as to further reduce its biomass energy consumption intensity by 5%. The company also invests in research and development to continuously improve the quality and environmental friendliness of its products.