OTHELLO · INTERNATIONAL Free readiness scan
ESG Advisory · Technical Translation

Score for the
Benchmark Shift

SET’s own ESG ratings are retiring. From 2026 the world’s index provider scores every Thai listed company on public disclosure — in English. We make sure you score for the work you already do.

Othello International Co., Ltd.
Bangkok · ISO 17100 · EN ↔ TH
The 2026 FTSE Russell transition, in ten pages
2026
FTSE Russell scores go live — replacing SET’s AAA–BBB ratings
8,000+
companies across 47 countries scored on the same 0–5.0 model
~125
public-disclosure indicators assessed per Thai firm
0 → 5.0
one internationally comparable ESG score — what you don’t disclose scores zero
The benchmark is changing

SET ESG is out. FTSE Russell is in.

In 2026 the Stock Exchange of Thailand replaces its own AAA–BBB ESG ratings with FTSE Russell’s global ESG model — the same one investors read across thousands of companies worldwide. Your Thai score becomes a world score, whether you have prepared for it or not.

A global model, overnight
SET’s domestic ratings (AAA–BBB, launched 2015; 265 firms in 2025) give way to FTSE Russell’s internationally standardised 0–5.0 model. Piloted 2024–25, live from 2026.
Scored on public data — not a questionnaire
FTSE analysts read your annual report, sustainability report and website. There is no form to fill in — and what you don’t disclose scores zero.
In English, for global investors
The model assesses public disclosure the way an international analyst reads it. ESG work published only in Thai goes uncredited — disclosure language is now a score driver.
Index eligibility is on the line
The new FTSE4Good Thailand Index and FTSE’s ESG indexes are built on these scores. Fall short and you can drop out of the benchmarks investors actually track.
How FTSE scores you

One number, 0 to 5.0

A single 0–5.0 overall rating, built bottom-up and directly comparable to 8,000+ companies worldwide — three pillar scores, fourteen themes, and about 125 public-disclosure indicators that apply to a typical Thai company.

Environmental
  • Climate Change
  • Pollution & Resources
  • Water Security
  • Biodiversity
  • Supply Chain — Environmental
Social
  • Labour Standards
  • Health & Safety
  • Human Rights & Community
  • Customer Responsibility
  • Supply Chain — Social
Governance
  • Corporate Governance
  • Anti-Corruption
  • Risk Management
  • Tax Transparency
Exposure-weighted — it measures what matters to you. FTSE weights each theme by your sector and markets: a cement maker is scored hard on Climate; a bank on Governance.
What gets measured

The rule that catches Thai issuers out

Every theme is scored only on evidence FTSE can find in your public disclosure. FTSE does not infer or assume — if a policy, metric or process is real but not publicly documented in a form an analyst can read, the indicator behind it scores zero, however strong your actual practice.

The catch

No disclosure = 0. Because the model scores only what is published, coverage moves your number as much as performance does. A company that discloses fully can out-score a better-performing peer that stays quiet.

How the assessment runs

From disclosure to published score

The assessment is an annual cycle on public documents — with one narrow window to correct it before your number goes live to investors.

  1. 01
    Analyst assessmentScored from your public documents — FTSE analysts assess you against the ~125 exposure-relevant indicators using only your annual report, sustainability report and website.
  2. 02
    Review window · 4 weeksThrough the FTSE4Good platform you get roughly four weeks to review the draft assessment and submit corrections.
  3. 03
    Evidence rulesPublicly verifiable only. FTSE accepts feedback backed by public, verifiable disclosure — private assurances and internal documents do not count.
  4. 04
    PublicationYour 0–5.0 overall rating and pillar scores are published and flow into FTSE4Good Thailand and FTSE’s ESG indexes.
  5. 05
    Annual refreshIt repeats every year. Scores update as disclosure evolves — gaps left unaddressed compound, and so does the advantage of getting ahead.
The hidden score leak

Great ESG, invisible to FTSE

Most Thai issuers do far more than they get credit for. FTSE can only score what is publicly disclosed, in English, in a form its analysts can map to an indicator. Here is where the points leak out.

Common gap…what it costs you
Disclosure only in ThaiEnglish-reading analysts can’t assess it — those indicators score zero.
ESG buried in a 200-page One ReportEvidence exists but isn’t found or mapped — points left on the table.
Narrative without data pointsQualitative claims don’t satisfy quantitative indicators.
No structured climate / GHG metricsThe heavily-weighted Climate theme is under-scored.
Missed the 4-week reviewErrors and omissions locked in for a full year.
Coverage beats prose
The fastest score gains come from disclosing evidence you already hold against indicators you currently leave blank — not from doing more ESG.
Language is a score input
When the same disclosure exists in clear, analyst-ready English, indicators that were invisible become scorable. Translation is no longer cosmetic — it is points.
Why Othello

Score for the work you already do

We close the gap between the ESG you perform and the ESG FTSE can see — in both languages, mapped indicator by indicator.

FTSE-indicator gap assessment
We map your current disclosure against the ~125 indicators your exposure triggers and show exactly where you score zero — and the fastest fixes to close each gap.
Bilingual, analyst-readable disclosure
Your ESG work published in English to ISO 17100 standard — the way FTSE analysts read it — so nothing you actually do is lost to language.
One Report, clause-mapped
ESG content structured and cross-referenced so every FTSE indicator is findable, not buried in a 200-page filing.
Review-window support
We prepare the publicly verifiable evidence pack for your four-week FTSE4Good feedback window — so corrections actually land.
Standards we operate to
ISO 17100Translation quality
ISO 9001Quality management
ISO 27001Data security
AA1000ASAssurance
ISO 14064GHG verification
At the centre of Thailand’s ESG & carbon agenda
Building Thailand’s Carbon Pricing Architecture
Othello delivered the Thai-language edition of this June 2026 UK PACT × DLA Piper report for Thailand’s Department of Climate Change & Environment. We work at the level where Thai ESG policy is written — and we bring that fluency to your disclosure.

Othello provides disclosure and readiness support. FTSE Russell scores are assigned solely by FTSE Russell; we do not issue or influence official ratings.

Who it’s for

Anyone the new benchmark will score

If investors read your ESG through an index, the FTSE model now sits between you and them.

In scope now
SET100 constituents
Assessed under FTSE Russell from the 2026 rollout — the first cohort investors will benchmark globally.
Transitioning
Prior SET ESG-rated firms
The 265 companies carrying a SET ESG rating move onto the FTSE model — a very different scoring basis.
Getting ahead
Voluntary opt-in issuers
Get scored before investors ask — and fix disclosure gaps while there’s still runway.
Investors
Asset managers & IR teams
Benchmark portfolios and prepare issuer engagement against a globally comparable dataset.
Free FTSE readiness scan · 1-hour quote SLA · NDA from first email

Score, don’t guess.

Send us your latest One Report and sustainability disclosures. We return an indicator-level read of where you likely score zero, what it’s costing you, and the shortest path to a stronger 2026 score — under NDA from the first email.

Download · PDF edition

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