SEP in the SET: Exploring the Role of Sufficiency Economy Philosophy in Shaping Sustainability Reporting of Thai Listed Companies

Abstract

This study explores the intersection of the Sufficiency Economy Philosophy (SEP) and sustainable development, with a particular focus on the business practices of companies listed in the SET50 index and their Environmental, Social, and Governance (ESG) performance. First, the research examine how the principles of SEP align with the broader concepts of sustainable development, emphasizing the potential for SEP to contribute to long-term economic, social, and environmental stability. Next, it investigate the extent to which SET50 companies integrate SEP principles into their business practices, providing a comprehensive analysis of their adherence to these sustainability-oriented guidelines. Finally, it analyse the correlation between adherence to SEP principles and ESG scores among these companies, aiming to determine whether a commitment to SEP is associated with higher ESG performance. The findings aim to contribute to the understanding of how philosophies like SEP, based on traditional religion, can influence modern corporate sustainability practices and performance metrics, offering insights for policymakers, business leaders, and sustainability advocates.