Press Releases
MTC Excellent Quality! Listed in FTSE4Good Index for the 2nd Consecutive Year, Maintaining 'A' Rating from MSCI ESG Rating, Reinforcing as a Sustainable and Globally Trusted Organization
Muangthai Capital Public Company Limited (MTC) has been selected for inclusion in the globally recognized sustainability index, FTSE4Good Index, for the year 2021 for the 2nd consecutive year by FTSE Russell. The company scored higher than the average of the Financial Services - Consumer Finance group in all dimensions, maintaining an 'A' rating from MSCI ESG Rating for the second consecutive year. Chuchat Petaumpai, the Chairman of the Executive Committee of Muangthai Capital Public Company Limited (MTC), emphasized that this selection reflects the organization's leadership and credibility, meeting international standards. It is hoped that this recognition will increase institutional investment and bolster the confidence in advancing the company towards its 2021 goal as a sustainable organization.
Chuchat Petaumpai stated that the company takes immense pride in being selected for inclusion in the globally recognized sustainability index, FTSE4Good Index, for the second consecutive year by FTSE Russell. The company scored higher than the average of the Financial Services - Consumer Finance group in all dimensions, with assessments based on publicly disclosed information, including annual reports, sustainability reports and the company's website.
The FTSE4Good Index serves as a reference for measuring investment performance and a trading index for investors prioritizing Environmental, Social and Governance (ESG) factors in their decision-making.
Simultaneously, maintaining the reputable 'A' rating from MSCI ESG Rating showcases the company's commitment to conducting business while considering the environment, society and corporate governance. This assessment is conducted by MSCI ESG Research, an internationally recognized expert and credible organization in ESG indexing.
'The fact that our company has been consecutively selected for inclusion in the globally recognized sustainability index for the 2nd year running, alongside maintaining an 'A' rating from MSCI ESG Rating, is a testament to our success. It reflects our position as a leading business dedicated to sustainable development, elevating our credibility in ESG operations to be acknowledged globally. This is expected to garner increased attention from institutional investors both locally and internationally' the CEO reiterated.
Additionally, in the year 2021, Muangthai Capital Public Company Limited (MTC) continued its support for COVID-19 relief efforts through the 'Muangthai Does Not Leave Anyone Behind' project, focusing on aiding public health and education. Therefore, achieving this index ranking not only signifies pride for everyone at Muangthai Capital Public Company Limited but also serves as a reflection of the company's commitment to maintaining economic growth without compromising the value of stakeholders, aligning with the vision for 2021 as a year of sustainable business development.
Muangthai Capital Public Company Limited (MTC) operates in various credit services such as motorcycle title loans, all types of car title loans, agricultural loans, land title deed loans, nano finance and provides compulsory motor insurance and personal accident insurance, offering comprehensive services to retail customers. The company holds a loan portfolio with a total value of approximately 80 billion baht and is dedicated to conducting sustainable business operations, aiming to become a model company in the global microfinance corporate sector.