Illustrative image (Photo: https://www.bangkokpost.com/)Bangkok (NNT) - The Bank of Thailand (BoT) has launched the "Financing the Transition" initiative in collaboration with eight commercial banks. The programme aims to support businesses in transitioning towards environmental sustainability, tailored to the local context. During the "Financing the Transition: Sustainable Financing for Business Transition" event at BoT headquarters, the initiative was introduced with participation from Bangkok Bank, Krungthai Bank, Bank of Ayudhya, Kasikornbank, Kiatnakin Phatra Bank, TMBThanachart Bank, Siam Commercial Bank, and United Overseas Bank (UOB). BoT Governor Sethaput Suthiwartnarueput emphasised the financial sector's crucial role in aiding Thai businesses, particularly SMEs, to adopt sustainable environmental practices. It covers critical economic sectors such as food and beverage manufacturing, agriculture, construction,real estate, and hospitality./.

Source: Bangkok Post August 08, 2024 10:21 UTC