From a modest beginning just six years earlier, Thailand's ESG bond market has expanded rapidly in scale, sophistication and issuer diversity. By the end of 2025, Thailand's ESG bond market had evolved well beyond its early green-project focus. The ThaiBMA noted a defining characteristic of Thailand's ESG bond market is the dominant role of the public sector. At the end of 2025, government-issued ESG bonds accounted for 713 billion baht, or nearly three-quarters of total outstanding ESG bonds. "Thailand's ESG bond market continues to expand, supported by a combination of mutually reinforcing factors that have strengthened the market over time," he said.

Source: Bangkok Post January 19, 2026 00:00 UTC