EXIM Thailand Wins Best Green Bond Award
EXIM Thailand has received Best Green Bond Award from The Asset Triple A Awards for Sustainable Finance 2024 hosted by The Asset, Asia’s leading finance magazine.
The accolade is in recognition of EXIM Thailand’s offering of SME Green Bond, a 3-year eco-friendly bond issue worth 3,500 million baht for SMEs in 2023, under the Bank’s sustainable finance framework. EXIM Thailand aims to raise funds for lending to SMEs engaging in environmentally friendly businesses and using clean energy. This has underscored its role as a green finance leader committed to comprehensively fulfilling the green finance ecosystem.
Mr. Rak Vorrakitpokatorn, President of Export-Import Bank of Thailand (EXIM Thailand), revealed that the Best Green Bond Award can reaffirm EXIM Thailand’s determination to advance toward its “Green Development Bank” role by bridging green capital gap for Thai entrepreneurs so that they would be able to drive Thai economy to grow and compete sustainably on the global front in line with the Bank’s vision to take the lead in propelling Thailand’s international trade and investment strategies for sustainable growth. EXIM Thailand has set the direction to achieve such vision by devising the 7S strategy that responds to the ESG aspirations. It has targeted to increase the proportion of green loans in its loan portfolio from 35% of total loans at present to 50% by 2028. This would align with the National Strategy for the country’s transition to a low carbon society, achieving carbon neutrality by 2050 and net zero emissions by 2065.
“EXIM Thailand has all along developed green financial tools, one of which is fund raising through Green Bond and SME Green Bond during 2022-2023. We are committed to leveraging our strengths and expertise to perform our duty as the development bank who leaves no one behind by carrying out the Greenovation strategy with realignment of our loan portfolio to make it greener, development of Thai industries of the future, and bringing Thai SMEs into the green supply chain in linkage with global trade of the new era which would pave the way for the world’s balanced and sustainable development,” added
Mr. Rak.
