“NVD upholds strong governance, risk management, and sustainability, achieving an "Excellent" CGR rating and THSI recognition in 2024."
The global economy and capital markets have experienced significant volatility in 2024, shaped by numerous factors. Despite facing heightened external competition, Thailand’s economy has continued to demonstrate resilience, achieving growth. Inflation has decelerated to levels below those of the previous year, while central banks have implemented interest rate cuts. Additionally, economic crises in various regions and political conflicts in several countries continue to influence global economic stability and growth. These factors underscore the critical need for swift adaptation and preparation to manage the risks that arise in such an unpredictable economic landscape.
Although signs of recovery from the prior crisis are emerging, businesses must remain nimble and adept at managing risks to ensure preparedness for all eventualities. This can only be accomplished through robust risk management frameworks and a steadfast commitment to sound corporate governance principles, while always safeguarding the interests of all stakeholders.
At NVD, we approach business operations with prudence, meticulously forecasting and analyzing scenarios to ensure readiness in managing potential risks within an uncertain environment. Our strategy focuses on optimizing asset management efficiency, viewing crises as opportunities, and fostering sustainable growth. We maintain a steadfast commitment to corporate governance, ensuring that we uphold the trust and confidence of all stakeholders, even amid economic pressures.
As a result of our dedication to responsible business practices, anchored in good governance, NVD has achieved the following milestones for 2024:
- Maintained an "Excellent" CGR rating for the 7th consecutive year
- Achieved a perfect score of 100 points in the Annual General Shareholders’ Meeting quality assessment for the 7th consecutive year
- Continued inclusion in the Thailand Sustainability Investment (THSI) list for the 4th consecutive year in the real estate and construction sectors
- Recognition for our Sustainability Disclosure in the 2024 Sustainability Disclosure Recognition category
Throughout the past year, our operations have been supported by all stakeholders, enabling us to remain focused on our goal of sustainable growth. As Chairman, I extend my heartfelt congratulations and gratitude to the executive team and all Neva employees for their unwavering commitment to conducting business with integrity and in line with our core values of good governance.
On behalf of the Board of Directors, the Executive Committee, and the management team, I would like to express our sincere appreciation to all employees, partners, customers, shareholders, and stakeholders for their continued support and trust. I assure you that the Board will continue to perform its duties with diligence, adhering to the principles of good governance to benefit all stakeholders.
Mr. Vichien Jearkjirm
Chairman of the Board of Directors