Bangkok Bank listed on ESG 100 by 2024

Bangkok Bank has been chosen to be part of the list ESG 100 for its excellent results in environmental, social and governance: ESG based on the evaluation of listed stocks in 2024 by the Thaipat Institute. This highlights the Bank’s role as a “trusted partner and reliable close friend” committed to doing business and supporting customers, communities and society to grow together sustainably.

Kobsak Pootrakool, Director and Executive Vice President and Corporate Secretary of Bangkok Bank, said that Thaipat Institute has announced that Bangkok Bank has been included in the list of the 100 ESG companies of 2024, from a selection of 920 listed securities. for its excellent results in environmental, social and governance (ESG) matters. The rigorous selection process took into account ESG performance criteria as well as the Bank’s financial results.

«Having been selected as one of the 100 ESG values ​​2024 marks a proud milestone for the Bank, which has committed to being part of sustainable development in environmental, social and governance values.
We continually deliver on our commitment, from the political to the operational level, and this year the Bank has launched the Bualuang Green Financing for Transition to Environmental Sustainability loan. The loan is in line with the Bank of Thailand’s goal of encouraging businesses to be green businesses. The Bank is confident that it can be a ‘trusted partner and a reliable close friend’ supporting clients in the transition towards green businesses that can adapt and are prepared to compete amid the challenges of the future,” said Mr Kobsak. .

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The commitment to achieving such sustainable development has led Bangkok Bank to continuously create financial products. To this end, it supported fundraising for activities that promote sustainability in the main public and private sectors in Thailand, being a distributor of ESG (Environmental, Social and Governance) debt instruments. In 2023, the Thai capital market had a total value of ESG debt issuance of 37,366 million baht, of which the value of transactions underwritten by Bangkok Bank was 28,366 million baht, or 76 percent of the total value of ESG debt instruments in the Thai capital market. In addition, a total of nine sustainable funds valued at 14,732.15 million baht have also been selected and offered by the Bank’s affiliated asset management companies.

In addition, the Bank has developed a special lending program to encourage SMEs to develop investment projects that lead to sustainable growth through the Bualuang Green Loan, with a total credit line of more than 720 million baht.

Having been selected as one of the 100 ESG values ​​2024 marks a proud milestone for the Bank, which has committed to being part of sustainable development in environmental, social and governance values

The loan is offered to entrepreneurs who want to invest in renewable energy projects such as solar, wind and hydro. In 2023, the Bank has granted “Bualuang Green Solar Energy”, with a total credit line of more than 2 billion baht for companies that want to install solar energy on their roofs, and “Transformation Loans” under the Bank of Thailand Credit Recovery Decree, which supports green initiatives or technical and innovative business operations to improve your potential and competitiveness.
1) Reduce greenhouse gas emissions 2) Adapt to climate change and 3) Reduce pollution. The Bank has prepared a credit limit of up to 10 billion baht with a special interest rate and installment payments of up to 8 years.

The Thaipat Institute has been a pioneer in the development of corporate sustainability information. In 2015, it first released the list of 100 listed companies with outstanding ESG performance, known as the ESG100 securities group, and has been collecting data for ten consecutive years. on sustainability of listed companies. The ranking in terms of sustainable development is considered a source of information on the sustainability of listed companies, which supports the needs of investors who consider their investment in companies that give importance to being socially and environmentally responsible and which increases the opportunities to create good long-term returns for investors.