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Tuesday, May 14, 2024

GSB uses ESG scores for loans to large firms

Score below 2 would see application nixed

Mr Vitai said the bank wants to create a tangible impact on society via its operations.

The Government Savings Bank (GSB) has started to use environmental, social and governance (ESG) scoring in the process of considering loans to large businesses with a credit limit of 500 million baht or more, said president and chief executive Vitai Ratanakorn.

He said GSB will be the first bank to apply ESG scores when considering lending to large corporate customers. This initiative aims to support businesses which create positive effects on…

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