Krungsri (Bank of Ayudhya PCL) reaffirms its commitment to fostering sustainability across all business sectors by offering a comprehensive suite of sustainable finance solutions tailored to meet the needs of businesses of all sizes. In a move to further support this mission, Krungsri has established the ESG Finance Department (EFD) to help corporate clients navigate the path to sustainability and adopt sustainable financial practices.
Mr. Prakob Phiencharoen, Krungsri Head of Corporate and Investment Banking Group, emphasized the Bank’s dedication to sustainable growth, especially in addressing environmental concerns that are becoming increasingly urgent and impactful.
“As a leading financial institution, we see it as our responsibility to empower our clients by serving as an enabler, helping them transition towards sustainable operations. Sustainable Finance is a journey we all must take together, and as part of MUFG, one of the world’s largest financial groups with expertise in sustainable finance, Krungsri is well-positioned to leverage global standards and knowledge to develop and deliver innovative financial solutions. We aim to guide and support our clients as they make this vital transition to sustainability,” he said.
Ms. Duangkamol Limpuangthip, Krungsri Head of SME Banking Group, added, “As one of the key drivers of Thailand’s economy, Krungsri is committed to support SME clients on their journey towards sustainable growth. We encourage SMEs to integrate ESG principles into their operations. Our initiatives, such as the Krungsri ESG Academy and the Krungsri ESG Awards, are designed to raise awareness and readiness among SMEs regarding sustainable finance, ensuring that all businesses are prepared for a sustainable future.”
Establishment of the ESG Finance Department to Support Corporate Clients
Last year, Krungsri established the ESG Finance Department (EFD) to enhance understanding of Sustainable Finance among corporate clients and facilitate their transition towards sustainability. Working closely with MUFG, the EFD serves as a Center of Excellence, consolidating both global and local Sustainable Finance knowledge. The department also supports other bank divisions in integrating ESG principles into their operations.
In addition, Krungsri has developed a range of sophisticated sustainable finance products for businesses of all sizes. Leveraging insights from MUFG and a deep understanding of the Thai market, Krungsri has emerged as a leader in sustainable finance in Thailand. Key offerings include:
- Sustainability-Linked Loan (SLL)
- Sustainability-Linked Bond (SLB)
- Sustainability Bond
- Sustainability Loan
- Social Bond
- Social Loan
- Green Bond
- Green Loan
- Green & Blue Bond
- Sustainable Deposit
For SME, Krungsri focuses on promoting ESG principles and offers financial products such as Transition Loan, Solar Rooftop Loan, and specialized loan for women-owned businesses, among others.
Krungsri, the leading sustainable and regional bank
Over the past year, Krungsri has played a significant role in supporting numerous corporate clients in achieving success in sustainable business practices. Examples include acting as the joint lead arranger and sustainability coordinator for Thai Union Group, providing green loan advisory services to SCG Packaging (SCGP), and underwriting environmental conservation bonds and sustainability bonds for several key organizations.
Krungsri’s commitment to sustainability has been recognized with several prestigious awards, including “Best Bank for Sustainable Finance” from The Asset for two consecutive years and “Best Sustainable Bank” from FinanceAsia. These accolades underscore Krungsri’s expertise in Sustainable Finance and its role as a leading bank in this area within the region.
Krungsri achieved over 76 billion baht in financing for social and sustainable finance from 2021 to June 2024. Additionally, Krungsri became the first bank in Thailand to issue a combined Green Bond and Blue Bond, valued at USD 400 million (approximately 14.2 billion baht). Krungsri also leads the market in ESG bond issuance, with a 20% market share. Looking ahead, Krungsri aims to increase the social and sustainable finance portfolio to 100 billion bath by 2030. These achievements highlight Krungsri’s capability and ambition to become ‘The Leading Sustainable and Regional Bank’., Mr. Prakobadded.
Click Krungsri Sustainable Finance for watching our sustainable finance VDO.
