Accelerated climate goals put Thai businesses on path to sustainability

UOB drives sustainable finance with green bonds and ESG solutions to help businesses meet net-zero ambitions, writes Somruedi Banchongduang

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Mr Pisal Kattiyaothaivong, Head of Investment Banking, UOB Thailand.

With the Thai government accelerating its net-zero emissions target, local businesses are now positioned to gain competitive advantage by embracing sustainable practices. Transitioning to greener operations not only aligns with global market expectations but also opens access to new financing, partnerships, and innovation-driven growth.

Pisal Kattiyothaivong, head of investment banking (IB) at UOB Thailand, said the bank has long supported Thai businesses in their transition to sustainability, in line with government policy and international standards.

The bank's IB division also plays a pivotal role within financial services in supporting clients' efforts to achieve their sustainability goals.

In September, the new government led by Prime Minister Anutin Charnvirakul announced a policy to accelerate Thailand's net-zero target by 15 years — moving the goal from 2065 to 2050.

Mr Pisal said the clarified timeline will incentivise well-prepared businesses to accelerate their decarbonisation efforts.

He added that the bank stands ready to serve as a long-term partner for clients throughout this transition, while also extending support to those with limited capabilities.

He said large local corporations are typically the most prepared segment for this transition. The bank expects these companies to adapt effectively to the government's newly announced policy.

"Large Thai corporates have been actively integrating sustainability into their business operations since 2018 and have begun raising funds through green loans and green bonds," said Mr Pisal.