Climate risks—categorized as physical and transition risks—are increasingly recognized as significant factors influencing asset prices—spanning equities, bonds, and real estate—and may lead to substantial losses for investors.

In Thailand, there are still notable gaps in understanding how different types of firms are exposed to these risks, their impact on corporate financing, and effective mitigation strategies. Addressing these issues is essential for shaping corporate strategies, risk management practices, and financial regulatory policies.

1. Developing firm-level indicators to measure exposure to physical and transition climate risks.
2. Assessing the effects of climate risk exposure on firms’ capital structure, financing behavior, and resilience.

1. Physical climate risks data such as Trucost physical risk scores for base year, 2030 and 2050.
2. Transition risk data for listed companies. SETSMART database (e.g., greenhouse gas reduction plan), scope 1 and 2 emission data, etc.
3. Corporate Profile and Financial Statement (CPFS) database from 1999 to 2023.