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TMBThanachart Bank is committed to achieving net-zero emissions within our operations and aligning our portfolio with Thailand’s net-zero commitment, all the while expediting this crucial journey whenever feasible. Our climate approach and actions are grounded in science and feasible technologies to ensure realistic and tangible results. With this commitment, the Bank adopts the global GHG accounting and reporting standards, the Greenhouse Gas Protocol, and the Partnership for Carbon Accounting Financials (PCAF) to assess our greenhouse gas emissions and align our goals with the Paris Agreement, aiming to limit global warming to 1.5 degrees Celsius. We also adhere to the financial sector's science-based target guidance from the Science Based Targets Initiative (SBTi). By taking these actions, ttb will contribute to the global effort to achieve net zero emissions by the year 2050, consistent with the targets established by the Paris Agreement.
Climate change is undeniably one of the most urgent challenges of our generation. The bank has both the responsibility and ability to create financial solutions that accelerate this transition. Thus, we aim to become a driving force in the ongoing endeavor to transition towards a net-zero economy by financing, advising, and supporting our clients’ transformation journeys. Our commitment extends beyond compliance as it is an integral part of our corporate identity and responsibility by ensuring the Bank’s pivotal role in fostering a sustainable future.
The Bank’s climate strategy consists of three strategic directions:
The Bank acknowledges of the risks and impacts of climate change and that a transition is required for the society to shift towards a low-carbon economy. As a financial institution, the Bank can influence and help transform businesses to be more sustainable. Aiming to make finance flows consistent with a pathway towards low greenhouse gas emissions and climate-resilient development.
The Bank works closely with Bank of Thailand (BOT) and Thai Bankers’ Association (TBA) to raise the standards for sustainable financing including climate actions for banks in Thailand e.g., defining taxonomy, etc. More than simply a financial facilitator and service provider, the bank plays a proactive role in supporting clients who are looking to develop sustainable business models. These models create benefits both for clients and society without compromising the bank’s bottom line. The bank offers ESG lending to customers in the form of green loans that promote financing to solar energy, biomass energy and waste management projects, as well as sustainability-linked loans with interest rates tied to the borrower’s sustainability performance, which is measured based on social or environmental criteria. Predetermined sustainability-related goals are set and companies that achieve these goals earn benefits such as reduced interest rates.
As a Thai financial institution and a private sector, ttb is the first Thai commercial Bank to issue green and blue bonds; the first green bond of USD 60 million issued in 2018, the second green bond of USD 100 million issued in 2022, and the first blue bond of USD 50 million issued in 2022. TTB’s move towards pioneering Green Bond in 2018 played a catalyzing role in developing the nascent green bond market in the country. Through green bonds, we focus on financing projects renewable energy and EVs and its ecosystem - a relative new asset class in the country, contributing towards achieving country’s Nationally Determined Contributions (NDCs) and one of Thailand’s priorities to establish a vibrant and leading EV industry in line with the government’s roadmap. For blue bond, the financing is focused on critical areas such as marine plastic recycling, water conservation, and wastewater treatment projects, which are key to the country's economy. With these innovative financial instruments, the bank establishes new asset classes in Thailand's debt market and leverages more financing/investments in the blue and green economy to support Thailand's sustainable development and address the country's key climate challenges.
To ensure transparency and creditability of our bonds, TMBThanachart Green and Blue Bond Framework is established in alignment with the internationally accepted International Capital Market Association (ICMA)’s Green Bond Principles. The framework has obtained the Second Party Opinion by S&P Global Ratings.
| 32,407 tonnes estimated GHG emission reduction per year from green bond |
In 2023, the Bank provided sustainable financing support to clients in different segments including corporate, SMEs, and retail clients.
| 2023 New setup | Corporate lending (million baht) |
SME lending (million baht) |
Retail lending (million baht) |
|---|---|---|---|
| Green loans (in line with TTB Green and Blue Bond Framework) | 3,498 | 89 | 11,485 |
| Sustainable-linked loans (SLL) | 3,000 | 0 | 0 |
| Total sustainable loan setup | 6,498 | 89 | 11,485 |
| Total limit setup | 60,026 | 11,143 | 358,792 |
| Percentage of sustainable value over total value | 10.83% | 0.8% | 3.2% |
Fossil Fuel Financing and Investment
TMBThanachart is committed to a global phase-out of coal mining, coal infrastructure, and coal-fired power plants financing and investment by 2028. Since 2021, the Bank has ceased financial support, including credit lines and lending, project financing, investment (active, passive, and third-party managed investments), and underwriting fixed income product activities towards new projects or the expansion of existing projects. For companies active in various types of businesses including coal companies, the Bank ensures that the financial support will not be used in activities related to the expansion of coal mining and coal infrastructure.
The Bank does not currently finance or invest in any unconventional oil and gases including oil sand (tar sand), shale oil and gas, artic oil and gas, Ultra-Deep-Water (UDW) oil and gas, and Liquified Natural Gas (LNG) derived from unconventional extractions. Since 2022, the Bank has implemented a 5% restriction on upstream oil and gas activities within its total portfolio.
TMBThanachart Bank is committed to achieving net-zero emissions within our operations and aligning our portfolio with Thailand’s net-zero commitment, all the while expediting this crucial journey whenever feasible. Our climate approach and actions are grounded in science and feasible technologies to ensure realistic and tangible results. With this commitment, the Bank adopts the global GHG accounting and reporting standards, the Greenhouse Gas Protocol, and the Partnership for Carbon Accounting Financials (PCAF) to assess our greenhouse gas emissions and align our goals with the Paris Agreement, aiming to limit global warming to 1.5 degrees Celsius. We also adhere to the financial sector's science-based target guidance from the Science Based Targets Initiative (SBTi). By taking these actions, ttb will contribute to the global effort to achieve net zero emissions by the year 2050, consistent with the targets established by the Paris Agreement.
Climate change is undeniably one of the most urgent challenges of our generation. The bank has both the responsibility and ability to create financial solutions that accelerate this transition. Thus, we aim to become a driving force in the ongoing endeavor to transition towards a net-zero economy by financing, advising, and supporting our clients’ transformation journeys. Our commitment extends beyond compliance as it is an integral part of our corporate identity and responsibility by ensuring the Bank’s pivotal role in fostering a sustainable future.
The Bank’s climate strategy consists of three strategic directions:
The Bank acknowledges of the risks and impacts of climate change and that a transition is required for the society to shift towards a low-carbon economy. As a financial institution, the Bank can influence and help transform businesses to be more sustainable. Aiming to make finance flows consistent with a pathway towards low greenhouse gas emissions and climate-resilient development.
The Bank works closely with Bank of Thailand (BOT) and Thai Bankers’ Association (TBA) to raise the standards for sustainable financing including climate actions for banks in Thailand e.g., defining taxonomy, etc. More than simply a financial facilitator and service provider, the bank plays a proactive role in supporting clients who are looking to develop sustainable business models. These models create benefits both for clients and society without compromising the bank’s bottom line. The bank offers ESG lending to customers in the form of green loans that promote financing to solar energy, biomass energy and waste management projects, as well as sustainability-linked loans with interest rates tied to the borrower’s sustainability performance, which is measured based on social or environmental criteria. Predetermined sustainability-related goals are set and companies that achieve these goals earn benefits such as reduced interest rates.
As a Thai financial institution and a private sector, ttb is the first Thai commercial Bank to issue green and blue bonds; the first green bond of USD 60 million issued in 2018, the second green bond of USD 100 million issued in 2022, and the first blue bond of USD 50 million issued in 2022. TTB’s move towards pioneering Green Bond in 2018 played a catalyzing role in developing the nascent green bond market in the country. Through green bonds, we focus on financing projects renewable energy and EVs and its ecosystem - a relative new asset class in the country, contributing towards achieving country’s Nationally Determined Contributions (NDCs) and one of Thailand’s priorities to establish a vibrant and leading EV industry in line with the government’s roadmap. For blue bond, the financing is focused on critical areas such as marine plastic recycling, water conservation, and wastewater treatment projects, which are key to the country's economy. With these innovative financial instruments, the bank establishes new asset classes in Thailand's debt market and leverages more financing/investments in the blue and green economy to support Thailand's sustainable development and address the country's key climate challenges.
To ensure transparency and creditability of our bonds, TMBThanachart Green and Blue Bond Framework is established in alignment with the internationally accepted International Capital Market Association (ICMA)’s Green Bond Principles. The framework has obtained the Second Party Opinion by S&P Global Ratings.
| 32,407 tonnes estimated GHG emission reduction per year from green bond |
In 2023, the Bank provided sustainable financing support to clients in different segments including corporate, SMEs, and retail clients.
| 2023 New setup | Corporate lending (million baht) |
SME lending (million baht) |
Retail lending (million baht) |
|---|---|---|---|
| Green loans (in line with TTB Green and Blue Bond Framework) | 3,498 | 89 | 11,485 |
| Sustainable-linked loans (SLL) | 3,000 | 0 | 0 |
| Total sustainable loan setup | 6,498 | 89 | 11,485 |
| Total limit setup | 60,026 | 11,143 | 358,792 |
| Percentage of sustainable value over total value | 10.83% | 0.8% | 3.2% |
Fossil Fuel Financing and Investment
TMBThanachart is committed to a global phase-out of coal mining, coal infrastructure, and coal-fired power plants financing and investment by 2028. Since 2021, the Bank has ceased financial support, including credit lines and lending, project financing, investment (active, passive, and third-party managed investments), and underwriting fixed income product activities towards new projects or the expansion of existing projects. For companies active in various types of businesses including coal companies, the Bank ensures that the financial support will not be used in activities related to the expansion of coal mining and coal infrastructure.
The Bank does not currently finance or invest in any unconventional oil and gases including oil sand (tar sand), shale oil and gas, artic oil and gas, Ultra-Deep-Water (UDW) oil and gas, and Liquified Natural Gas (LNG) derived from unconventional extractions. Since 2022, the Bank has implemented a 5% restriction on upstream oil and gas activities within its total portfolio.
TMBThanachart Bank is committed to achieving net-zero emissions within our operations and aligning our portfolio with Thailand’s net-zero commitment, all the while expediting this crucial journey whenever feasible. Our climate approach and actions are grounded in science and feasible technologies to ensure realistic and tangible results. With this commitment, the Bank adopts the global GHG accounting and reporting standards, the Greenhouse Gas Protocol, and the Partnership for Carbon Accounting Financials (PCAF) to assess our greenhouse gas emissions and align our goals with the Paris Agreement, aiming to limit global warming to 1.5 degrees Celsius. We also adhere to the financial sector's science-based target guidance from the Science Based Targets Initiative (SBTi). By taking these actions, ttb will contribute to the global effort to achieve net zero emissions by the year 2050, consistent with the targets established by the Paris Agreement.
Climate change is undeniably one of the most urgent challenges of our generation. The bank has both the responsibility and ability to create financial solutions that accelerate this transition. Thus, we aim to become a driving force in the ongoing endeavor to transition towards a net-zero economy by financing, advising, and supporting our clients’ transformation journeys. Our commitment extends beyond compliance as it is an integral part of our corporate identity and responsibility by ensuring the Bank’s pivotal role in fostering a sustainable future.
The Bank’s climate strategy consists of three strategic directions:
The Bank acknowledges of the risks and impacts of climate change and that a transition is required for the society to shift towards a low-carbon economy. As a financial institution, the Bank can influence and help transform businesses to be more sustainable. Aiming to make finance flows consistent with a pathway towards low greenhouse gas emissions and climate-resilient development.
The Bank works closely with Bank of Thailand (BOT) and Thai Bankers’ Association (TBA) to raise the standards for sustainable financing including climate actions for banks in Thailand e.g., defining taxonomy, etc. More than simply a financial facilitator and service provider, the bank plays a proactive role in supporting clients who are looking to develop sustainable business models. These models create benefits both for clients and society without compromising the bank’s bottom line. The bank offers ESG lending to customers in the form of green loans that promote financing to solar energy, biomass energy and waste management projects, as well as sustainability-linked loans with interest rates tied to the borrower’s sustainability performance, which is measured based on social or environmental criteria. Predetermined sustainability-related goals are set and companies that achieve these goals earn benefits such as reduced interest rates.
As a Thai financial institution and a private sector, ttb is the first Thai commercial Bank to issue green and blue bonds; the first green bond of USD 60 million issued in 2018, the second green bond of USD 100 million issued in 2022, and the first blue bond of USD 50 million issued in 2022. TTB’s move towards pioneering Green Bond in 2018 played a catalyzing role in developing the nascent green bond market in the country. Through green bonds, we focus on financing projects renewable energy and EVs and its ecosystem - a relative new asset class in the country, contributing towards achieving country’s Nationally Determined Contributions (NDCs) and one of Thailand’s priorities to establish a vibrant and leading EV industry in line with the government’s roadmap. For blue bond, the financing is focused on critical areas such as marine plastic recycling, water conservation, and wastewater treatment projects, which are key to the country's economy. With these innovative financial instruments, the bank establishes new asset classes in Thailand's debt market and leverages more financing/investments in the blue and green economy to support Thailand's sustainable development and address the country's key climate challenges.
To ensure transparency and creditability of our bonds, TMBThanachart Green and Blue Bond Framework is established in alignment with the internationally accepted International Capital Market Association (ICMA)’s Green Bond Principles. The framework has obtained the Second Party Opinion by S&P Global Ratings.
| 32,407 tonnes estimated GHG emission reduction per year from green bond |
In 2023, the Bank provided sustainable financing support to clients in different segments including corporate, SMEs, and retail clients.
| 2023 New setup | Corporate lending (million baht) |
SME lending (million baht) |
Retail lending (million baht) |
|---|---|---|---|
| Green loans (in line with TTB Green and Blue Bond Framework) | 3,498 | 89 | 11,485 |
| Sustainable-linked loans (SLL) | 3,000 | 0 | 0 |
| Total sustainable loan setup | 6,498 | 89 | 11,485 |
| Total limit setup | 60,026 | 11,143 | 358,792 |
| Percentage of sustainable value over total value | 10.83% | 0.8% | 3.2% |
Fossil Fuel Financing and Investment
TMBThanachart is committed to a global phase-out of coal mining, coal infrastructure, and coal-fired power plants financing and investment by 2028. Since 2021, the Bank has ceased financial support, including credit lines and lending, project financing, investment (active, passive, and third-party managed investments), and underwriting fixed income product activities towards new projects or the expansion of existing projects. For companies active in various types of businesses including coal companies, the Bank ensures that the financial support will not be used in activities related to the expansion of coal mining and coal infrastructure.
The Bank does not currently finance or invest in any unconventional oil and gases including oil sand (tar sand), shale oil and gas, artic oil and gas, Ultra-Deep-Water (UDW) oil and gas, and Liquified Natural Gas (LNG) derived from unconventional extractions. Since 2022, the Bank has implemented a 5% restriction on upstream oil and gas activities within its total portfolio.
