---
id: 7237
title: "Government Pension Fund (GPF): Best Pension Fund Governance Thailand 2019"
award_year: 2019
published: 2019-11-05 16:10:18
published_gmt: 2019-11-05 16:10:18
author: "CFI.co Editorial"
url: "https://cfi.co/awards/asia-pacific/2019/government-pension-fund-gpf-best-pension-fund-governance-thailand-2019/"
categories: ["Asia Pacific", "Corporate Governance", "Development", "Finance", "Government"]
content_class: award_rationale
independence_status: independent_editorial
sponsor_disclosure: none
editorial_lens: constructive_positive_lens
historical_status: current_at_publication
correction_status: none
archive_policy: no_delete
provenance_layer: github_versioned
wayback_status: archived
wayback_first_snapshot: 20201203235457
wayback_snapshot_url: "http://web.archive.org/web/20201203235457/https://cfi.co/awards/asia-pacific/2019/government-pension-fund-gpf-best-pension-fund-governance-thailand-2019/"
license: CFI-OAAL-1.0
content_sha256: 2bde5989c4a31e397ec4be0f299b26a6a3f16165a87423386ab660a435142de3
canonical: 7237-government-pension-fund-gpf-best-pension-fund-governance-thailand-2019.json
---
# Government Pension Fund (GPF): Best Pension Fund Governance Thailand 2019
> Verbatim archived copy. Canonical machine record: `7237-government-pension-fund-gpf-best-pension-fund-governance-thailand-2019.json`.
Thailand’s Government Pension Fund (GPF) is tasked with looking after members' savings — and it’s a responsibility the company takes to heart. The way forward, in GPF’s opinion, lies within good corporate governance principles paired with an investment approach that prioritises sustainable development. GPF follows a strict code of ethical conduct and strives to avert any conflicts of interest with caution, honesty, and scrupulous accordance with regulations. Environmental, social, and governance (ESG) goals guide the organisation. At present, GPF throws its weight behind ESG recommendations throughout the stakeholder network, which includes the companies it funds, the retirees it protects, and the communities in which it operates. GPF was established in 1991 by government decree to guarantee pension payments for retired civil servants and promote member savings. GPF is classified as neither a government nor state organisation, but Thailand’s Finance Minister oversees and supervises the fund’s general management. To balance investment management for healthy long and short-term returns, GPF focuses on reducing the risk of negative returns for any given year. The organisation anticipates the increase of measurable ESG indicators will prove a handy metric for future risk-mitigation strategies and enable it to cherry-pick investments that inspire confidence. As a signatory of the Investment Governance Code of the Securities and Exchange Commission, GPF commits to good governance and forward-thinking management in pursuit of positive returns. In recognition of its highly principled management practices, the CFI.co judging panel presents GPF with the 2019 award for Best Pension Fund Governance in Thailand.