The Bank aims to promote businesses that are in line with the Bank’s environmental objectives under ttb’s sustainable financing principle, particularly, businesses that are transitioning into a low carbon economy, promoting low carbon resilience, and fostering environmental stewardship. The Bank has also made commitments to halt the financing of new coal-fired power plant projects as well as exit any financing of the tobacco industry by 2023. However, this decision does not apply to the entire tobacco value chain as companies that are partially engaged in the tobacco industry, for instance, tobacco products retailers, or companies that are engaged in transportation and packaging, will be exempted. In addition to all of these initiatives, the Bank also have plans to disclose information in accordance with the Task Force on Climate-related Financial Disclosures or the TCFD by 2024. In 2021, ttb made substantial progress on our green lending performance with the following highlights below: • 100% of commercial lending aligns with ESR Policy. • The Bank established the ttb Green Bond Framework 2021 in alignment with the internationally accepted International Capital Market Association (ICMA)’s Green Bond Principles (GBP) 2021, which supports the future issuance of green bonds when offered to investors. In 2021, S&P Global Ratings reviewed the ttb Green Bond Framework 2021, after which the organization also issued a Framework Alignment Opinion (a Second Party Opinion of the Green Bond Framework’s alignment with ICMA’s GBP 2021) to the Bank. • The Bank defined the green loan eligibility criteria to be fully consistent with the ICMA’s GBP 2021, where some of the requirements are based on the taxonomies of the Climate Bond Initiative (CBI)’s Climate Bonds Taxonomy (2021) and the China Green Bond Endorsed Projects Catalogue (2020 Edition, Draft for Consultation). The green loan eligibility criteria can be classified into seven categories: • The Bank is in the process of studying climate risks and impacts on lending portfolios. The strategy and action plan are expected to be established by 2022 in response to COP26, committing to limit global warming to 1.5 degrees Celsius. 1,200 million Baht. 2,309 million Baht in 2021 which exceeded the set target by renewable energy energy efficiency sustainable water and wastewater management pollution prevention and waste management clean transportation green buildings sustainable management of natural resources Green lending setup was at 122 TMBThanachart Bank Public Company Limited
RkJQdWJsaXNoZXIy ODEyMzQ3