Abstract
SET and EXIM Thailand have signed an MOU to enhance sustainable finance through the ESG Data Linkage and Exchange Project. They will develop ESG-linked financing to support companies in achieving sustainability goals.
SET and EXIM Thailand Collaboration for Sustainable Finance
The Stock Exchange of Thailand (SET) has partnered with Export-Import Bank of Thailand (EXIM Thailand) to enhance the ecosystem for sustainable finance through the ESG Data Linkage and Exchange Project. This collaboration aims to utilize sustainability performance data of listed companies via the ESG Data Platform. The SET Carbon system will also be extended to EXIM Thailand’s clients to help them achieve sustainability goals, aligning with SET’s commitment to promoting sustainable growth in all sectors.
Joint Development of ESG-Linked Financing
SET and EXIM Thailand are set to develop ESG-linked financing in the third quarter of 2024, with lending services expected to begin in 2025. SET President Pakorn Peetathawatchai highlighted the increasing demand for ESG data among investors and financial institutions, prompting SET to accelerate the development of ESG data technologies. The collaboration with EXIM Thailand aims to increase opportunities for businesses to access funding and financial tools, marking a significant step towards building a sustainable financial ecosystem in Thailand. EXIM Thailand President Rak Vorrakitpokatorn emphasized the pivotal role of the banking sector in promoting balanced growth and addressing environmental challenges, positioning EXIM Thailand as Thailand’s Green Development Bank with a focus on supporting environmentally friendly projects and businesses.
