07-08-2025
TOA Wins ASEAN Governance Award for Third Year
TOA Paint (Thailand) Public Company Limited (TOA), Thailand's leading decorative paint brand and a prominent provider of environmentally friendly construction chemicals and building materials, has once again been recognised with the prestigious 'ASEAN Asset Class PLCs' award based on the 2024 ASEAN Corporate Governance Scorecard (ACGS) assessment.
This marks the third consecutive year that TOA has earned this distinction, solidifying its standing among the 74 Thai listed companies recognised in the 2024 cohort. The award ceremony was held in Kuala Lumpur, Malaysia, under the auspices of the ASEAN Capital Markets Forum (ACMF) and the Asian Development Bank (ADB).
The 'ASEAN Asset Class PLCs' award is reserved for companies scoring 97.50 or higher on the ACGS, which evaluates listed firms across six ASEAN countries: Thailand, Malaysia, Singapore, the Philippines, Indonesia, and Vietnam. The initiative aims to elevate corporate governance standards across the region, enhance transparency and accountability, and align ASEAN markets with international benchmarks recognised by global investors. It also supports deeper regional integration under the ASEAN Economic Community (AEC).
TOA continues to set the benchmark as a model organisation in ASEAN, reflecting its steadfast commitment to good governance, corporate responsibility, and long-term stakeholder value. The company's repeated recognition underscores its strategic focus on sustainable development and ESG-driven operations.
