Green Finance
for Reducing Environmental Impact and Promoting Coexistence with Local Communities

     Krungthai Bank has adopted the creating shared value (CSV) approach in its business operation. With this approach, it uses its business expertise and resources to enhance social and economic value that yield societal benefits while contributing to sustainable development by means of green finance.

     In order to support businesses that address environmental issues, the bank has a credit scrutinizing process that takes into account ESG risks. Examples of businesses supported by green finance include Ratchaburi-EEP Renewable Energy Company Limited (R-EEP) which prioritizes circular economy and end-to-end waste management, starting from sorting, landfilling, to converting waste into fuel for generating electricity. Therefore, Krungthai Bank contributes to R-EEP’s drive toward green industry. Another example is NC coconut Company Limited. Apart from making Thai aromatic coconut known to the world, NC coconut embraces ESG principles and addresses environmental issues by turning coconut shell waste into fuel for electricity, cat litter sand, liners for pig’s food bowls before turning the liners into organic compost that can be used in coconut farming. That is turning waste into something useful. In addition, Pluk Phak Praw Rak Mae Company Limited (Ohkajhu) has adopted the zero-waste concept by making compost from food waste and creating an organic cycle. It also supports local farmers by educating them and buying their produce, thus sustainably improving life for all.

     Krungthai Bank operates its business with social responsibility and integrates the following United Nations Sustainable Development Goals into its operation:

  • Affordable and Clean Energy — ensure access to affordable, reliable, sustainable, and modern energy
  • Decent Work and Economic Growth — promote sustained, inclusive and sustainable economic growth, full and productive employment, and decent work for all
  • Industry, Innovation and Infrastructure — build resilient infrastructure, promote inclusive and sustainable industrialization and foster innovation
  • Responsible Consumption and Production — ensure sustainable consumption and producing patterns
  • Climate Action — take urgent action to combat climate change and its impacts.

Green Finance for Reducing Environmental Impact and Promoting Coexistence with Local Communities