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TMBThanachart Bank’s Net-Zero Commitment

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:

  1. 1. Reduction of GHG emissions in our operations
    The Bank responsibly manages energy consumption by continuously improving operational processes for enhanced energy efficiency and investing in renewable and clean energy when feasible. This includes but is not limited to the replacement of all current vehicles with electric vehicles and the installation of solar panels at the headquarters and regional offices to transition to clean energy.
  2. 2. Management of environmental and climate risk management
    The Bank will enhance its risk management framework, policies, and processes to better identify, assess, and mitigate climate change impacts within the organization and its portfolio. This effort includes reducing ties with high-risk businesses and minimizing their financial consequences. Furthermore, the Bank will advance its climate-related risk management by conducting a climate stress test. This test aims to deepen the Bank's understanding of how climate change affects its portfolio and operations, with a focus on developing data, models, and capacity building for comprehensive risk management.
  3. 3. Empowering Clients to Transition to a Net-Zero Economy
    The Bank is committed to empowering clients in their transition towards a net-zero greenhouse gas emissions economy through sustainable financial solutions and client engagement. We aim to continuously develop products and services that meet the needs of businesses seeking to transition. Furthermore, the Bank continues to build clients' knowledge and capabilities through seminars focusing on the challenges that high-risk sectors face due to new regulations, offering advice and planning for businesses aiming for Net Zero.

Climate Finance

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.

 

13.8% ESG based fixed income issued per total fixed income products issued in 2018 which accounted for green bond, SME bond, and other ESG based fixed income products 32,407 tonnes estimated GHG emission reduction per year from green bond

TMBThanachart Bank’s Net-Zero Commitment

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:

  1. 1. Reduction of GHG emissions in our operations
    The Bank responsibly manages energy consumption by continuously improving operational processes for enhanced energy efficiency and investing in renewable and clean energy when feasible. This includes but is not limited to the replacement of all current vehicles with electric vehicles and the installation of solar panels at the headquarters and regional offices to transition to clean energy.
  2. 2. Management of environmental and climate risk management
    The Bank will enhance its risk management framework, policies, and processes to better identify, assess, and mitigate climate change impacts within the organization and its portfolio. This effort includes reducing ties with high-risk businesses and minimizing their financial consequences. Furthermore, the Bank will advance its climate-related risk management by conducting a climate stress test. This test aims to deepen the Bank's understanding of how climate change affects its portfolio and operations, with a focus on developing data, models, and capacity building for comprehensive risk management.
  3. 3. Empowering Clients to Transition to a Net-Zero Economy
    The Bank is committed to empowering clients in their transition towards a net-zero greenhouse gas emissions economy through sustainable financial solutions and client engagement. We aim to continuously develop products and services that meet the needs of businesses seeking to transition. Furthermore, the Bank continues to build clients' knowledge and capabilities through seminars focusing on the challenges that high-risk sectors face due to new regulations, offering advice and planning for businesses aiming for Net Zero.

Climate Finance

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.

 

13.8% ESG based fixed income issued per total fixed income products issued in 2018 which accounted for green bond, SME bond, and other ESG based fixed income products 32,407 tonnes estimated GHG emission reduction per year from green bond

TMBThanachart Bank’s Net-Zero Commitment

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:

  1. 1. Reduction of GHG emissions in our operations
    The Bank responsibly manages energy consumption by continuously improving operational processes for enhanced energy efficiency and investing in renewable and clean energy when feasible. This includes but is not limited to the replacement of all current vehicles with electric vehicles and the installation of solar panels at the headquarters and regional offices to transition to clean energy.
  2. 2. Management of environmental and climate risk management
    The Bank will enhance its risk management framework, policies, and processes to better identify, assess, and mitigate climate change impacts within the organization and its portfolio. This effort includes reducing ties with high-risk businesses and minimizing their financial consequences. Furthermore, the Bank will advance its climate-related risk management by conducting a climate stress test. This test aims to deepen the Bank's understanding of how climate change affects its portfolio and operations, with a focus on developing data, models, and capacity building for comprehensive risk management.
  3. 3. Empowering Clients to Transition to a Net-Zero Economy
    The Bank is committed to empowering clients in their transition towards a net-zero greenhouse gas emissions economy through sustainable financial solutions and client engagement. We aim to continuously develop products and services that meet the needs of businesses seeking to transition. Furthermore, the Bank continues to build clients' knowledge and capabilities through seminars focusing on the challenges that high-risk sectors face due to new regulations, offering advice and planning for businesses aiming for Net Zero.

Climate Finance

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.

 

13.8% ESG based fixed income issued per total fixed income products issued in 2018 which accounted for green bond, SME bond, and other ESG based fixed income products 32,407 tonnes estimated GHG emission reduction per year from green bond

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