Mr. Charamporn Chotikasthira, Executive Director Bangkok Bank Public Company Limited (BBL) disclosed that the bank attaches great importance to business operations for sustainable development. This includes the Net-zero Emission target through the ESG spirit, or consideration of the three fundamental issues, namely the environmental dimension. (Environmental), social dimension (Social) and governance (Governance) dimension.
This approach has been applied to the banking business model. including collaborating with experts and academics to develop tools for assessing physical risks of global warming and transition risk
At the same time, the bank is also working with customers to transform the business model that will lead to a sustainable future together. The Bank provides both financial support and advice to help customers develop business processes for the sustainability of the business.
Bangkok Bank operates in various fields. To support various sectors, both customers and society. to be able to aim for sustainable development together in 8 dimensions, consisting of
1.) Responsible lending especially the development of management processes and tools to help assess ESG risks.
2.) Support for investment in large-scale projects that are environmentally friendly, especially in 2021, where the underwriting bank (Underwriter) Sustainable development instruments Sustainable bonds accounted for up to 66% of the value of such instruments.
3.) Energy and Environmental Conservation Loans for SMEs It is a special interest rate loan for businesses that want to invest in non-polluting business.
4.) SME support Agriculture and community through networking ‘Bualuang SME’ and ‘Advance Agriculture Project’
5.) Education and youth development support support since the establishment of schools in rural areas teacher personnel potential development and financial knowledge
6.) Caring for vulnerable groups by promoting equal access to financial services for the disadvantaged and disabled
7.) Preserving and promoting arts and culture By organizing activities and contests to encourage youth to realize and appreciate the arts and culture of Thailand.
8.) Religion in terms of religious ceremonies and supporting education according to the Sangha curriculum
“Bangkok Bank is committed to developing sustainable growth in ESG, but these processes the bank cannot do on its own. But we have tried to cooperate with all parties. both experts and academics with knowledgeable information Both customers need to be aware of the importance of these issues and willing to change their business practices together. Because of course, in many new processes This may add cost and ultimately have to be passed on to the customer at the end of the supply chain. It may also increase business risks.”
