M-CHAI affirms its pride, winning the “Sustainable Stock SET ESG Ratings” award in 2023 with the highest AAA rating.
Bangkok, 11 November 2023 – Mahachai Hospital Public Co., Ltd. or M-CHAI, the major shareholder of MedPark Hospital emphasizes its sustained success in the private hospital business by clinching the “Sustainable Stock SET ESG Ratings” Award for the year 2023 with the highest AAA rating. M-CHAI has set a record as the first hospital listed on the Stock Exchange of Thailand to consistently receive the SET ESG Ratings Sustainable Stock award for five consecutive years in the service sector since 2019.
The Stock Exchange of Thailand (SET) bestows the SET ESG Ratings upon listed companies that consistently and sustainably integrate environmental, social, and governance (ESG) principles into their business operations. This recognition highlights the resilience and sustainable growth of selected listed companies in various business sectors, providing investors with additional valuable information for making informed investment decisions and analyzing quality investment opportunities.
In a significant move, the Stock Exchange of Thailand (SET) has renamed the prestigious Thailand Sustainability Investment (THSI) award to "Sustainable Stock SET ESG Ratings" for 2023. This rebranding coincides with the inauguration of a refined rating classification system comprising four levels: AAA, AA, A, and BBB. This year, the SET has recognized 193 companies for their outstanding sustainability practices, with 34 companies achieving the top AAA rating (representing a total score between 90 and 100 points). Remarkably, five of these AAA-rated companies belong to the Services sector, including Mahachai Hospital Public Company Limited (M-CHAI), the majority shareholder of MedPark Hospital.
For Mahachai Hospital Public Company Limited (M-CHAI), a company in the healthcare services sector registered on the Stock Exchange of Thailand since 1996 under the name M-CHAI, the journey began with being awarded the "Thailand Sustainability Investment: THSI" for the first time in 2019. Since then, it has consistently received this prestigious award every year. In 2023, Mahachai Hospital Public Company Limited (M-CHAI) continues to be recognized with the esteemed "Sustainable Stock SET ESG Ratings" award, achieving the highest AAA rating. This accomplishment solidifies its position as the first hospital in the securities market to receive this accolade consecutively for five years, starting in 2019.
This recognition reflects the company's commitment to building continuous excellence in its operations and underscores its prominence in incorporating sustainable practices. Amidst the current challenging landscape filled with various internal and external risk factors, Mahachai Hospital Public Company Limited (M-CHAI) demonstrates its adaptability by leveraging new technologies and innovations in organizational management. These advancements aim to enhance patient services, improve workforce efficiency, and boost competitiveness in the service industry.
Furthermore, the company reaffirms its commitment to all stakeholders on the environment, society, and corporate governance principles. This commitment aligns seamlessly with the criteria for evaluating the "SET ESG Ratings", making this award both prestigious and a crucial motivator for Mahachai Hospital Public Company Limited (M-CHAI) to maintain sustainable excellence in all business activity aspects.
