SCB Surpasses Sustainable Finance Target with Over 180 Billion Baht in Just 2.5 Years, Accelerating Thailand’s Transition to a Low-Carbon Economy

SCB reinforces its commitment to sustainability under the “Live Sustainably” initiative, achieving a record-breaking Sustainable Finance contribution, comprising loans and bonds, of over 180 billion baht within just two and a half years (2023 to mid-2025). This figure exceeds the bank’s original three-year target of 150 billion baht (2023–2025), underscoring SCB’s role as a financial leader in driving Thai businesses toward ESG-aligned operations and supporting the country’s sustainable development goals.

Mr. Kris Chantanotoke, Chief Executive Officer of SCB, stated that the bank’s “Live Sustainably” strategy places strong emphasis on supporting the sustainable growth of organizations and the Thai economy through environmental, social, and governance (ESG) dimensions. In response to climate change, the bank has outlined three key environmental targets: 1) Supporting clients in their sustainability transition by offering loans and issuing sustainable bonds under a 150-billion-baht framework between 2023 and 2025; 2)Achieving Net Zero greenhouse gas emissions from internal operations by 2030; and 3) Targeting Net Zero emissions across its loan and investment portfolio by 2050. SCB is actively contributing to global climate solutions, aligning with the broader strategy and commitment of SCBX Group. Notably, SCBX is the first and only financial group in Thailand certified for Net Zero targets by the Science-Based Targets initiative (SBTi), a globally recognized standard grounded in transparent, science-based methodologies and supported by more than 8,000 member organizations worldwide.

SCB’s success in leading sustainable credit support across all customer segments over the past two and a half years reflects the bank’s concrete action plans in three key areas:

1. Defining Sectoral Decarbonization Strategies: SCB has developed tailored strategies that identify opportunities, challenges, and transition approaches for customers across all segments, from conglomerates and corporates to SMEs and retail businesses, based on their specific sector contexts. The bank has initially prioritized four key industries critical to Thailand’s Net Zero transition: commercial real estate, renewable energy, electric vehicles and ecosystems, and the petroleum and chemical sectors. These four industries have consistently ranked as the top sectors in the Bank’s sustainable credit portfolio by share over the past two years.
2.  Developing Sustainability-Aligned Financial Products: SCB designs financial products that address the unique sustainability needs of each customer group. These offerings integrate both financial solutions and incentives to support a win-win transition. Notable examples include Sustainability-Linked Loans and Sustainability-Linked Bonds, which adjust interest rates based on the borrower’s sustainability performance. These tools help accelerate sustainable business growth and encourage tangible progress toward ESG targets.
3.  Acting as a True Sustainability Partner: SCB goes beyond financial support by deeply understanding the pain points of each customer group in their sustainability journey. The bank collaborates with partners across industries to offer knowledge-sharing, consultation, and technical recommendations that are practical and relevant to each customer’s business context.

Mr. Kris Chantanotoke emphasized that climate change presents both risks and opportunities for the Thai economy. SCB is committed to leading the transformation of Thailand’s financial sector to help both business and retail customers adapt, mitigate risks, and unlock new growth opportunities in a future low-carbon society. Guided by the principle of “Living Sustainably,” SCB continues to drive sustainable development at the corporate, customer, and societal levels by working toward a stable, resilient, and sustainable future for the country.