
Pushing SME to adopt ESG principles as a means of survival – Bangkok Bank Executive Vice President, Head – Metropolitan Business Banking, Mr. Sahapol Wannasusri (2nd from left), Executive Vice President Mr. Kitipong Promwong (2nd from right), Senior Vice President, Manager – Credit Risk, Mr. Chanintorn Tepnupa (far right), and Assistant Regional Manager – Region 1, Metropolitan Business Banking Mr. Praphan Tanmeesuk (far left) welcomed Federation of Thai Industries (FTI) Vice Chairman, Committee of the BCG Model Working Group, Dr. Saowanit Bunyasuwat (center) who honored the occasion as a speaker at a seminar on the topic of “ESG - Guidelines and Adaptation for Thai Entrepreneurs, especially SME”. The event was organized by Bangkok Bank as part of its ongoing efforts to support Thai SME and encourage them to recognize the importance of conducting business in line with ESG (Environmental, Social, and Governance) concepts, to prepare them for challenges and opportunities arising from new global trade regulations and standards.
Dr. Saowanit said “Global trade regulations continue to increase, particularly those concerning sustainability or ESG issues. For instance, the European Green Deal contains several policies and regulations on the environment which impact international trade, competitiveness, reputation and growth of businesses. In particular the CBAM initiative, as it was designed to tackle climate change. For these reasons, transitioning to green business in a tangible way is not just an opportunity but a matter of survival for today’s businesses. Actions must be swift and systematic while adopting digitalization throughout the supply chain. This approach towards green measures will enhance SME and drive them towards transition, help them seize new market opportunities, and maintain their presence in existing markets. This will help increase sales, ensure stability and enable long-term growth.
Bangkok Bank, as a “leading regional bank” committed to being a “trusted partner and reliable close friend,” has collaborated with both public and private sector partners to organize activities that enhance knowledge and drive business transformation in line with sustainable development principles (ESG). These activities have been conducted continuously in online, offline, and hybrid formats, with over 1,000 entrepreneurs participating in seminars and more than 1.6 million viewers through the Bangkok Bank SME online network in 2024. Additionally, the bank continues to support transition loans for all groups of entrepreneurs, such as the Bualuang Green Loan with a total credit line of 10 billion baht to support environmental sustainability, and the Bualuang Transformation Loan with a total credit line of 20 billion baht to encourage Thai SME to stably and sustainably adopt ESG practices across the entire business chain.