Muang Thong Thani, May 11 – The chairman of the board of SET believes that green financing is the only way to survive and grow opportunities for businesses and the economy. Indicates the financial sector – investment. Must work together to drive sustainability
Dr. Prasarn Trairatvorakul Chairman of the Board of the Stock Exchange of Thailand (SET) ) delivered a special speech on the occasion of presiding over the opening ceremony of the 23rd Bangkok Money Expo MONEY EXPO 2023 BANGKOK at IMPACT Muang Thong Thani that the world is facing serious social and environmental problems and changes. And it’s a crisis over a crisis. both global problems Inequality, corruption, changes in population structure and quality emerging disease or rapid advances in technology. It is believed that the financial sector and investment can be a significant force in driving sustainable growth. because it is the lifeblood of the economic system The power of both large and small consumers and investors. It will help speed up the pumping force. Make sustainable growth of the entire system happen faster. become mainstream Green financing or sustainable financing is growing rapidly and is hopeful. involvement of the financial sector Investing in this sustainability trend Therefore, it is not just doing good deeds for the world. But it is a way of survival and growth opportunities for businesses and the economy as a whole.
Green financing or Sustainable financing is an attempt to increase the proportion of investments in the economy that contribute to sustainable development. Whether from lending to the banking sector, insurance sector or investment sector. and also to management Reduce the risk and increase the chances of making those money grow. It is a transparent financial, social and environmental return. Or is it the use of the ESG framework to consider making investment decisions? lending, conducting business, developing products and services. However, environmental and human rights issues It has become a new rule for doing business internationally. At the same time, there are many business opportunities that come with the NewSCurve of the low-carbon economy. green economy or circular economy
000 million baht at the beginning of this year for investment in renewable energy development While issuing social bonds or Socialbond, in addition to the government sector as a pilot The private sector began to play a greater role. Sustainability bonds are also available. (Sustainability bond) and debentures promoting sustainability (Sustainability-linked bond) that brings the success of the ESG indicators of the issuer. Let’s determine the rise and fall of interest rates as well. This reflects the importance of sustainability on both entrepreneurs and investors. while in the financial sector Many banks are starting to use ESG as a filter in lending to the corporate sector. and very good is The Bank also has a process to enhance ESG capabilities for business partners. in the business sector or entrepreneurship Currently, there are 169 Thai listed companies that are doing well using the ESG framework in their business operations. Until passing the sustainability assessment criteria to be included in the list of sustainable stocks of the Stock Exchange of Thailand to business partners together with in the business sector or entrepreneurship Currently, there are 169 Thai listed companies that are doing well using the ESG framework in their business operations. Until passing the sustainability assessment criteria to be included in the list of sustainable stocks of the Stock Exchange of Thailand to business partners together with in the business sector or entrepreneurship Currently, there are 169 Thai listed companies that are doing well using the ESG framework in their business operations. Until passing the sustainability assessment criteria to be included in the list of sustainable stocks of the Stock Exchange of Thailand
While the main agency like the Bank of Thailand Clearly pushing for sustainable banking and is developing a central standard that defines and groups economic activities that are environmentally conscious, or taxonomy, with government, private sector and financial institutions. to make the market mechanism work more efficiently and reducing the problem of greenwashing. The Stock Exchange of Thailand has launched an ESG Data Platform to centralize ESG data of listed companies. Create information transparency Standard quality of data for comparison purposes. and the efficiency of investor access to information and also make a story FinancialLiteracy to the wider society for a long time continuously To participate in sustainable investment, therefore believe that the financial mechanism, investment, business operations and the choice of consumption and investment of the public sector It is the heart and an important driving force for development that can turn the situation into a sustainable one.
Source: Thai News Agency
