BANGKOK -- Thailand is aiming to expand the sustainability fund it launched in December by adding at least 200 companies who submit governance as well as environmental disclosures, in a bid to revive a stock market mired by dim economic prospects, political uncertainty and corporate scandals.
The voluntary reporting scheme will be modeled after Japan's Value Up program, said Pornanong Budsaratragoon, secretary-general of the Securities and Exchange Commission. Fund managers must invest 80% of net asset value in companies that meet requirements for governance or environmental disclosures.
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