{"id":32916,"date":"2026-07-29T02:07:55","date_gmt":"2026-07-29T02:07:55","guid":{"rendered":"https:\/\/www.othellointernational.com\/ftse-russell-six-research-languages-thai-disclosure\/"},"modified":"2026-08-19T09:47:30","modified_gmt":"2026-08-19T09:47:30","slug":"ftse-russell-six-research-languages-thai-disclosure","status":"publish","type":"post","link":"https:\/\/www.othellointernational.com\/th\/ftse-russell-six-research-languages-thai-disclosure\/","title":{"rendered":"FTSE Russell Researches in Six Languages \u2014 Thai Isn\u2019t One of Them"},"content":{"rendered":"<style>\n.obg{--r:#ED4036;--r1:#FF5046;--gold:#e0a93a;--ok:#3ddc84;--w:#fff;--w1:rgba(255,255,255,.85);--w2:rgba(255,255,255,.60);--w3:rgba(255,255,255,.42);--gl:rgba(255,255,255,.10);--card:linear-gradient(168deg,rgba(255,255,255,.055),rgba(255,255,255,.015));font-family:'Poppins',-apple-system,BlinkMacSystemFont,sans-serif;-webkit-box-sizing:border-box;box-sizing:border-box}\n.obg *,.obg *::before,.obg 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22px;border-radius:8px;transition:all .3s}\n.obg-cta:hover{background:var(--r1);transform:translateY(-2px);box-shadow:0 12px 30px -8px rgba(237,64,54,.5)}\n.obg-cta::after{content:\"\\2192\";transition:transform .3s}\n.obg-cta:hover::after{transform:translateX(4px)}\n\/* fact \/ at-a-glance grid *\/\n.obg-facts{display:grid;grid-template-columns:repeat(auto-fit,minmax(200px,1fr));gap:13px}\n.obg-fact{background:var(--card);border:1px solid var(--gl);border-radius:13px;padding:20px 20px}\n.obg-fact .obg-fh{font-family:'Poppins',sans-serif;font-size:10px;letter-spacing:.1em;text-transform:uppercase;color:var(--r1);font-weight:700;margin-bottom:9px}\n.obg-fact p{font-size:13.5px;color:var(--w1);line-height:1.55;margin:0}\n.obg-fact p b{color:var(--w)}\n\/* fix legacy light-theme related-reading box -> dark brand (inline styles beaten with !important) *\/\n.oth-related,.oth-related-reading{background:linear-gradient(168deg,rgba(255,255,255,.055),rgba(255,255,255,.015))!important;border:1px solid rgba(255,255,255,.1)!important;border-left:3px solid #ED4036!important;border-radius:14px!important;color:rgba(255,255,255,.85)!important}\n.oth-related p,.oth-related-reading p,.oth-related strong,.oth-related-reading strong,.oth-related b,.oth-related-reading b{color:#fff!important}\n.oth-related a,.oth-related-reading a{color:#FF5046!important}\n.oth-related li,.oth-related-reading li,.oth-related span,.oth-related-reading span{color:rgba(255,255,255,.85)!important}\n@media(max-width:640px){\n  .obg-toc ol{grid-template-columns:1fr}\n  .obg-quote p{font-size:19px}\n  .obg-band{padding:22px 20px}\n}\n<\/style>\n<p>Buried in question 1.8 of a document most Thai sustainability teams have never opened is the single sentence that decides how much of your ESG work actually counts.<\/p>\n\n<p>The document is the <strong>FTSE Russell ESG Scores and Indices FAQ<\/strong> \u2014 \u201cInformation for researched companies\u201d, v1.5, December 2025, the one LSEG links to from its own Ground Rules. Question 1.8 asks: <em>\u201cDo you only use English information?\u201d<\/em> The answer is more revealing than a simple yes.<\/p>\n\n<!--OBG-G--><div class=\"obg obg-toc\"><div class=\"obg-lb\">What this guide covers<\/div><ol><li><a href=\"#six-languages-and-thai-is-not-among-them\">Six languages \u2014 and Thai is not among them<\/a><\/li><li><a href=\"#what-that-actually-means-for-a-thai-one-report\">What that actually means for a Thai One Report<\/a><\/li><li><a href=\"#30-september-then-a-four-week-window-that-does-not-move\">30 September, then a four-week window that does not move<\/a><\/li><li><a href=\"#where-the-points-leak-in-an-english-edition-that-already-exi\">Where the points leak in an English edition that already exists<\/a><\/li><li><a href=\"#a-nine-week-plan-for-the-december-2026-review\">A nine-week plan for the December 2026 review<\/a><\/li><\/ol><\/div><!--\/OBG-G-->\n\n<p>FTSE Russell says it recognises the importance of local languages and has made provision in the research process for them. Then it names them. Six languages. Thai is not one of them \u2014 and from 2026 the FTSE Russell ESG model is what scores every eligible SET-listed company, feeding the <strong>FTSE4Good Thailand Index<\/strong> that launched on 6 July 2026.<\/p>\n\n<!--OBG-G--><div class=\"obg obg-quote\"><p>Although English is the commonly used business language, FTSE Russell recognizes the importance of local languages. Therefore provision has been made in the research process for other languages. The key languages covered are as follows: English, French, Spanish, German, Japanese and Chinese.<\/p><cite>FTSE Russell \u2014 ESG Scores and Indices FAQ, v1.5, \u00a71.8, December 2025<\/cite><\/div><!--\/OBG-G-->\n\n<h2 id=\"six-languages-and-thai-is-not-among-them\">Six languages \u2014 and Thai is not among them<\/h2>\n<p>Read that carefully, because the honest reading matters more than the dramatic one. FTSE Russell does not say Thai is never read. It says which languages its global research process is <em>provisioned<\/em> for \u2014 the languages a team of analysts assessing over 8,500 companies worldwide is resourced to work in. Thai is absent from that list.<\/p>\n\n<p>So the question for a Thai sustainability team is not \u201cwill an analyst read Thai?\u201d It is: <strong>are you willing to bet your ESG Score on it?<\/strong> Relying on your Thai edition to carry a theme is a wager, not a plan. And it is a wager placed against a scoring model that is unusually unforgiving of silence.<\/p>\n\n<!--OBG-G--><div class=\"obg obg-stats\"><div class=\"obg-stat\"><div class=\"obg-sn\">6<\/div><div class=\"obg-sl\">key research languages \u2014 Thai not among them<\/div><\/div><div class=\"obg-stat\"><div class=\"obg-sn\">8,500<span class=\"u\">+<\/span><\/div><div class=\"obg-sl\">companies assessed globally each cycle<\/div><\/div><div class=\"obg-stat\"><div class=\"obg-sn\">14<\/div><div class=\"obg-sl\">themes, 300+ indicators, ~125 applied per company<\/div><\/div><div class=\"obg-stat\"><div class=\"obg-sn\">2.9<\/div><div class=\"obg-sl\">ESG Score needed for FTSE4Good Thailand<\/div><\/div><\/div><!--\/OBG-G-->\n\n<h2 id=\"what-that-actually-means-for-a-thai-one-report\">What that actually means for a Thai One Report<\/h2>\n<p>Here is the mechanism that turns a language gap into a score gap. FTSE Russell sends <strong>no questionnaire<\/strong>. Its Ground Rules (ESG Data Model Methodology v1.2, June 2026) state that data is gathered from publicly available sources at the entity level \u2014 corporate reports, websites and press releases. SET\u2019s own transition guidance, published with LSEG, puts it plainly for Thai issuers: only public disclosures will be considered, and companies no longer complete questionnaires.<\/p>\n\n<p>That sounds like less work. It is actually a transfer of risk. Under a questionnaire regime, a gap in your published report could be repaired in the answers you submitted. Under FTSE Russell\u2019s model, an indicator with no data found against it simply scores nothing \u2014 and Theme Scores are calculated from the percentage of available indicator points a company earns. Silence is not neutral. Silence is zero.<\/p>\n\n<p>Now layer on the FTSE4Good Thailand Index Ground Rules (v1.0, June 2026). Inclusion requires an ESG Score of <strong>2.9 or above<\/strong> \u2014 the emerging-market threshold, not the 3.3 figure quoted for developed markets. More sharply: a <strong>Theme Score of zero in any applicable High Exposure Theme blocks inclusion outright<\/strong>. High Exposure themes carry a weight of 3 against 1 for Low Exposure, so the themes most material to your business are exactly the ones where a translation gap is most expensive. <a href=\"\/th\/esg-ratings-compared\/\">See how the raters differ on this &rarr;<\/a><\/p>\n\n<!--OBG-G--><div class=\"obg obg-tw\"><table class=\"obg-table\"><thead><tr><th><\/th><th class=\"hi\">Old world: questionnaire raters<\/th><th class=\"\">FTSE Russell from 2026<\/th><\/tr><\/thead><tbody><tr><th>How data arrives<\/th><td class=\"hi\">You submit it<\/td><td class=\"\"><b>Analysts find it<\/b> in public sources<\/td><\/tr><tr><th>Questionnaire<\/th><td class=\"hi\"><span class=\"obg-yes\">\u0e21\u0e35<\/span><\/td><td class=\"\"><span class=\"obg-no\">\u0e44\u0e21\u0e48\u0e21\u0e35<\/span><\/td><\/tr><tr><th>Languages provisioned<\/th><td class=\"hi\">Local language accepted<\/td><td class=\"\"><b>EN, FR, ES, DE, JA, ZH<\/b><\/td><\/tr><tr><th>Indicator with nothing found<\/th><td class=\"hi\">Chased and clarified<\/td><td class=\"\">Scores nothing<\/td><\/tr><tr><th>Zero on a High Exposure theme<\/th><td class=\"hi\">Points lost<\/td><td class=\"\"><b>Blocks FTSE4Good inclusion<\/b><\/td><\/tr><\/tbody><\/table><\/div><!--\/OBG-G-->\n\n<h2 id=\"30-september-then-a-four-week-window-that-does-not-move\">30 September, then a four-week window that does not move<\/h2>\n<p>The calendar is where this becomes urgent rather than interesting. FTSE Russell\u2019s research cycle runs from June to the following March. For the <strong>December index review<\/strong> \u2014 the live one \u2014 the rule in the FAQ is unambiguous: only company disclosures <strong>published by 30 September<\/strong> can be considered. Anything published after that date generally waits for the next assessment.<\/p>\n\n<p>From today, that is <strong>nine weeks<\/strong>.<\/p>\n\n<p>What follows is tighter still. Companies whose annual disclosures appear between April and September can expect an invitation to review their new assessment by the <strong>first weekend of October<\/strong>. The review window is two to four weeks \u2014 SET\u2019s guidance describes a four-week period for Thai issuers \u2014 and FTSE Russell states in the same FAQ that it is <strong>unable to accommodate extensions<\/strong>. FTSE Russell\u2019s own quality process then runs its data analysis for December-review companies in October and November.<\/p>\n\n<!--OBG-G--><div class=\"obg obg-flow\"><div class=\"obg-step\"><div class=\"obg-snum\">1<\/div><div class=\"obg-sh\">30 Sep 2026 \u00b7 Publication cut-off<\/div><div class=\"obg-sp\">Only disclosures published by this date count for the December 2026 index review. Nine weeks from today.<\/div><\/div><div class=\"obg-step\"><div class=\"obg-snum\">2<\/div><div class=\"obg-sh\">By the first weekend of Oct \u00b7 Invitation<\/div><div class=\"obg-sp\">FTSE emails your registered IR or sustainability contact with SID portal credentials to review the assessment.<\/div><\/div><div class=\"obg-step\"><div class=\"obg-snum\">3<\/div><div class=\"obg-sh\">Oct \u00b7 Company review window<\/div><div class=\"obg-sp\">Two to four weeks to comment on indicators with no data found. No extensions. Clarification on up to 10 indicators.<\/div><\/div><div class=\"obg-step\"><div class=\"obg-snum\">4<\/div><div class=\"obg-sh\">Oct\u2013Nov \u00b7 FTSE data analysis<\/div><div class=\"obg-sp\">Quality monitoring and score-change checks for December-review companies. Your input is closed.<\/div><\/div><div class=\"obg-step\"><div class=\"obg-snum\">5<\/div><div class=\"obg-sh\">Late Nov \u00b7 Screening data frozen<\/div><div class=\"obg-sp\">FTSE4Good Thailand takes ESG screening data as at the close of the last trading day in November.<\/div><\/div><\/div><!--\/OBG-G-->\n\n<p>Read the review window for what it is. It is <strong>\u0e44\u0e21\u0e48\u0e44\u0e14\u0e49<\/strong> an opportunity to disclose. FTSE Russell is explicit that everything it is looking for is based on materials already in the public domain \u2014 you may point an analyst at what you have already published, and nothing else. If the substance exists only in your Thai One Report and never reached the English edition, October is far too late to fix it. The fix has a 30 September deadline. <a href=\"\/th\/esg-regulatory-tracker\/\">Track the full 2026 disclosure calendar &rarr;<\/a><\/p>\n\n<h2 id=\"where-the-points-leak-in-an-english-edition-that-already-exi\">Where the points leak in an English edition that already exists<\/h2>\n<p>Most SET-listed companies do publish an English 56-1 One Report. So the real exposure is rarely a missing document \u2014 it is a document that exists and still fails to earn points. In our review work on bilingual One Reports, the same four leaks recur:<\/p>\n\n<!--OBG-G--><div class=\"obg obg-facts\"><div class=\"obg-fact\"><div class=\"obg-fh\">The abridged English edition<\/div><p>The Thai report runs full length; the English \u201csummary\u201d quietly drops governance, human-rights and supply-chain detail \u2014 the sections carrying High Exposure themes.<\/p><\/div><div class=\"obg-fact\"><div class=\"obg-fh\">Terminology drift<\/div><p>The same Thai term rendered three ways across one report. An analyst searching for a recognised concept finds none of the three.<\/p><\/div><div class=\"obg-fact\"><div class=\"obg-fh\">Numbers without their qualifiers<\/div><p>GHG figures published without boundary, base year, methodology or TGO verification status \u2014 data present, indicator unearned.<\/p><\/div><div class=\"obg-fact\"><div class=\"obg-fh\">Thai-only annexes and web pages<\/div><p>The policy, the target and the assurance statement live on a Thai-only page. Publicly disclosed, unreadably so.<\/p><\/div><\/div><!--\/OBG-G-->\n\n<p>None of these are translation errors in the ordinary sense. Every one of them is a scoring error. This is why we treat the English edition as a <strong>\u0e2a\u0e34\u0e19\u0e17\u0e23\u0e31\u0e1e\u0e22\u0e4c\u0e17\u0e35\u0e48\u0e2a\u0e23\u0e49\u0e32\u0e07\u0e04\u0e30\u0e41\u0e19\u0e19\u0e44\u0e14\u0e49\u0e08\u0e23\u0e34\u0e07<\/strong> rather than a downstream deliverable: ISO 17100 Translate\u2013Edit\u2013Proofread, a locked bilingual ESG glossary, and every English section <a href=\"\/th\/clause-mapped-bilingual-one-report\/\">clause-mapped back to the Thai One Report<\/a> so the two editions cannot drift. <a href=\"\/th\/esg-translation-risk\/\">More on how disclosure language becomes disclosure risk &rarr;<\/a><\/p>\n\n<h2 id=\"a-nine-week-plan-for-the-december-2026-review\">A nine-week plan for the December 2026 review<\/h2>\n<p>Nine weeks is enough \u2014 if the work starts from the score model rather than from the document. What that looks like in practice:<\/p>\n\n<!--OBG-G--><div class=\"obg obg-take\"><div class=\"obg-lb\">Key takeaways<\/div><ul><li>Map your English edition against FTSE\u2019s <b>14 themes<\/b> and find which are High Exposure for your ICB subsector \u2014 that is where a zero is fatal, not merely costly.<\/li><li>Run a theme-by-theme gap audit between the Thai filing and the English edition. Anything material that exists only in Thai is, for scoring purposes, at risk of not existing.<\/li><li>Publish the remediated English disclosure <b>before 30 September<\/b> \u2014 not the week after, when the assessment is already written.<\/li><li>Get your carbon numbers <b>TGO-certified<\/b> and published with boundary, base year and methodology, in English, so quantitative indicators score.<\/li><li>Confirm your registered IR or sustainability contacts with FTSE Russell now, so the October review invitation reaches a person who can act on it.<\/li><li>Use the review window for its real purpose: pointing analysts at published English evidence they missed \u2014 and note you get clarification on up to 10 indicators.<\/li><\/ul><\/div><!--\/OBG-G-->\n\n<!--OBG-G--><div class=\"obg obg-band\"><h4>See what your English edition is scoring \u2014 before 30 September<\/h4><p>From 2026 FTSE Russell scores SET-listed companies from public disclosure only, with no questionnaire, in a research process provisioned for six languages that do not include Thai. Run the free Gap Audit and see, theme by theme, where you are leaving points on the table.<\/p><a class=\"obg-cta\" href=\"\/th\/ftse-disclosure-gap-audit\/\">\u0e17\u0e14\u0e25\u0e2d\u0e07\u0e43\u0e0a\u0e49 Gap Audit \u0e1f\u0e23\u0e35<\/a><\/div><!--\/OBG-G-->\n\n<p>Thailand spent a decade building sustainability disclosure in Thai, and built it well. The 2026 shift does not devalue that work \u2014 it changes the language in which the work is read. A theme that is thorough in Thai and thin in English does not score as partially disclosed. It scores as absent. <a href=\"\/th\/ftse-english-disclosure\/\">The English edition is what earns the score<\/a>, and this cycle it has a deadline. <a href=\"\/th\/technical-translation\/\">See how we build it &rarr;<\/a><\/p>\n\n<p style=\"font-size:13px;color:rgba(255,255,255,.5)\"><em>Sources: LSEG \/ FTSE Russell, \u201cFTSE Russell ESG Scores and Indices FAQ \u2014 Information for researched companies\u201d, v1.5, December 2025 (\u00a71.6, \u00a71.8, \u00a71.9, \u00a71.16); FTSE Russell ESG Data Model Methodology Ground Rules v1.2, June 2026; FTSE4Good Thailand Index Ground Rules v1.0, June 2026; SET \u00d7 LSEG, \u201cGuideline to FTSE Russell ESG Scores\u201d corporate guidance, v2, 30 July 2024.<\/em><\/p>","protected":false},"excerpt":{"rendered":"<p>FTSE Russell\u2019s ESG research process is provisioned for six key languages \u2014 English, French, Spanish, German, Japanese and Chinese. Thai is not one of them. With the 30 September cut-off for the December 2026 index review nine weeks away, here is what SET-listed companies should do now.<\/p>","protected":false},"author":16,"featured_media":33434,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_yoast_wpseo_title":"","_yoast_wpseo_metadesc":"","_yoast_wpseo_focuskw":"","_yoast_wpseo_canonical":"","rank_math_title":"FTSE Russell Reads Six Languages \u2014 Thai Isn\u2019t One | Othello","rank_math_description":"FTSE Russell researches ESG in six languages; Thai isn\u2019t one. What that means for SET-listed companies before the 30 September 2026 disclosure cut-off.","rank_math_focus_keyword":"FTSE Russell English disclosure Thailand","rank_math_canonical_url":"","_yoast_wpseo_meta-robots-noindex":"","_yoast_wpseo_meta-robots-nofollow":"","_yoast_wpseo_opengraph-title":"","_yoast_wpseo_opengraph-description":"","_yoast_wpseo_twitter-title":"","_yoast_wpseo_twitter-description":"","_jetpack_memberships_contains_paid_content":false,"footnotes":"","rank_math_robots":["index","follow"]},"categories":[116],"tags":[],"class_list":["post-32916","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-esg"],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/i0.wp.com\/www.othellointernational.com\/wp-content\/uploads\/2026\/08\/ftse-russell-six-research-languages-thai-disclosure-cover-hr.webp?fit=1200%2C630&ssl=1","_links":{"self":[{"href":"https:\/\/www.othellointernational.com\/th\/wp-json\/wp\/v2\/posts\/32916","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.othellointernational.com\/th\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.othellointernational.com\/th\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.othellointernational.com\/th\/wp-json\/wp\/v2\/users\/16"}],"replies":[{"embeddable":true,"href":"https:\/\/www.othellointernational.com\/th\/wp-json\/wp\/v2\/comments?post=32916"}],"version-history":[{"count":1,"href":"https:\/\/www.othellointernational.com\/th\/wp-json\/wp\/v2\/posts\/32916\/revisions"}],"predecessor-version":[{"id":32918,"href":"https:\/\/www.othellointernational.com\/th\/wp-json\/wp\/v2\/posts\/32916\/revisions\/32918"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.othellointernational.com\/th\/wp-json\/wp\/v2\/media\/33434"}],"wp:attachment":[{"href":"https:\/\/www.othellointernational.com\/th\/wp-json\/wp\/v2\/media?parent=32916"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.othellointernational.com\/th\/wp-json\/wp\/v2\/categories?post=32916"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.othellointernational.com\/th\/wp-json\/wp\/v2\/tags?post=32916"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}