Witoon Suriyawanakul, Chairman of the Executive Committee of Siam Global House Public Company Limited, emphasized the company's commitment to creating business value alongside social and environmental responsibility while meeting stakeholder expectations in measurable and tangible ways. He noted that the ESG & Green Deposit Linked FX Hedging Program represents a significant starting point in the company's journey toward becoming a comprehensively sustainable business. The company has focused on environmentally conscious policies, such as adopting renewable energy, including the installation of solar panels on the roofs of all retail branches, and implementing internal systems that enable energy efficiency in its modern trade stores. The key performance indicators linked to this program include the company's targets to source, support, and distribute environmentally friendly products, such as energy-saving items, health-focused products, goods tailored for senior citizens and individuals with disabilities, and those meeting the new way of life. If these targets are achieved, the company will receive support through the bank's green deposit account.
Witoon also expressed the company's delight to be in this collaboration, stating that it reaffirms Siam Global House's vision and aligns with its commitment to conducting business responsibly concerning the environment, society, and governance. He added that this partnership marks another significant step in advancing the company's ESG development and showcases the outcomes possible when financial institutions and businesses collaborate to achieve sustainability goals.
Payong Srivanich, Chief Executive Officer of Krungthai Bank, stated that Krungthai is committed to developing financial innovations to meet the diverse needs of all customer segments under the concept of "Reshaping Client Value Proposition and Promoting Sustainability with Innovation." The bank supports clients in enhancing their business operations and adapting to global megatrends that prioritize sustainability and achieving net-zero emissions. Recently, the bank partnered with Siam Global House to implement Thailand's first ESG & Green Deposit Linked FX Hedging Program. Through this program, the bank links forex hedging solutions to the client's ESG performance, and if the client achieves its ESG targets, it receives additional benefits through the bank's green deposit account. Krungthai Bank offers international-standard green deposit accounts under the Green Financing Framework, which is certified by an external reviewer, ISS Corporate Solutions (ISS-ESG). These green deposits are earmarked for financing environmental projects, such as renewable energy and green building initiatives.
This partnership highlights the shared commitment of Krungthai Bank and Siam Global House to fostering positive outcomes for the nation and promoting environmentally friendly business operations. It contributes to both the organizations' and the nation's net-zero emissions goals, aligning with the United Nations Sustainable Development Goals (SDGs) to drive sustainable growth for organizations and the country's economy.
Source: Krungthai Bank