SBFN Member Since:
2012
Member Organisations
Thai Bankers Association
Progress Against sub Pillars
Framework Documents
| Country | Policies/ Principles/ Guidelines | Year | Issuer |
|---|---|---|---|
| Thailand | 2020 | Ministry of Finance | |
| Thailand | Guidelines on Issuance and Offer for Sale of Green Bond, Social Bond and Sustainability Bond | 2018 | Securities and Exchange Commission (SEC) |
| Thailand | 2019 | Thai Bankers Association | |
| Thailand | Sustainable Finance Initiatives for Thailand | 2021 | Working Group on Sustainable Finance |
| Thailand | 2021 | Securities and Exchange Commission (SEC) | |
| Thailand | 2017 | Securities and Exchange Commission (SEC) | |
| Thailand | 2017 | Securities and Exchange Commission (SEC) | |
| Thailand | Strategic Plan 2020-2022 — Including Priority Focus on ESG (Roadmap) | 2021 | Securities and Exchange Commission (SEC) |
Pillar 1 - ESG Integration - Strategic Alignment
National Framework
P 1.1 – Has the regulator or industry association published a national framework (“Framework”) for the banking sector that sets out expectations for integrating the consideration of environmental, social, and governance (ESG) risks and performance?
Yes
Source Reference Detail
–
Source Reference Document
Sustainable Banking Guidelines on Responsible Lending
Source Reference Description
–
P 1.2 – Has the relevant regulator or industry association published a Framework for capital markets, investment, insurance or other non-lending FIs that sets out expectations for integrating the consideration of environmental, social, and governance (ESG) risks and performance?
Yes
Source Reference Detail
–
Source Reference Document
Strategic Plan 2020-2022- Including Priority Focus on ESG (Roadmap)
Source Reference Description
–
Pillar 1 - ESG Integration - Strategic Alignment
Alignment with International Goals & Standards
P 1.3 – Does the Framework make reference to international sustainable development frameworks or goals?
Yes
Source Reference Detail
–
Source Reference Document
SDGs
Source Reference Description
Page 1
P 1.4 – Does the Framework make reference to established international ESG risk management standards and principles for FIs??
Yes
Source Reference Detail
–
Source Reference Document
Global Reporting Initiative, Sustainability Accounting Standard Board (SASB)
Source Reference Description
Page 1 – 2
Pillar 1 - ESG Integration - Strategic Alignment
Alignment with national goals & strategies
P 1.5 – Does the Framework make reference to specific national development objectives, plans, policies, goals, or targets?
Yes
Source Reference Detail
–
Source Reference Document
Bank of Thailand, 3-year strategic plan (2017-2019)
Source Reference Description
–
P 1.6 – Does any cooperation exist between agencies or between the regulator and industry association with respect to policy design and/or implementation related to ESG integration?
Yes
Source Reference Detail
The guidelines are developed on a multi-stakeholder basis, in collaboration with the members of the Thai Bankers’ Association (TBA) with inputs from science-based organizations, including World Wide Fund for Nature (WWF).
Source Reference Document
–
Source Reference Description
Article 1
P 1.7 – Does any inter-agency data sharing currently exist related to ESG integration by FIs?
No
Source Reference Detail
–
Source Reference Document
–
Source Reference Description
–
Pillar 1 - ESG Integration - Regulatory and Industry Association Actions
Overall Approach & Strategy
P 1.8 – Does the Framework provide guidance on the role of the regulator or industry association with regard to assessing and managing ESG risk and performance in the financial sector?
No
Source Reference Detail
–
Source Reference Document
–
Source Reference Description
–
P 1.9 – Has the regulator or industry association undertaken market assessment to identify systemic ESG risks through analysis of the portfolios of supervised entities/members and published the results?
No
Source Reference Detail
–
Source Reference Document
–
Source Reference Description
–
Pillar 1 - ESG Integration - Regulatory and Industry Association Actions
Technical Guidance
P 1.10 – Does the Framework provide technical guidance or tools to support implementation of ESG risk and performance management by the financial sector?
Yes
Source Reference Detail
–
Source Reference Document
Sustainable Banking Guidelines on Responsible Lending
Source Reference Description
Article 12 – 31
Pillar 1 - ESG Integration - Regulatory and Industry Association Actions
Supervisory Activities & incentives
P 1.11 – Is the implementation of the Framework regularly monitored and/or information regularly collected from FIs by the regulator and/or industry association?
Yes
Source Reference Detail
Banks should be transparent and disclose how they implement the responsible lending practices in reports or websites in a timely and reliable manner. This allows banks to communicate their sustainability-related commitments effectively to external stakeholders and be accountable for their actions.
Source Reference Document
–
Source Reference Description
Article 28
P 1.12 – Does the regulator or industry association provide any financial or non-financial incentives for FIs to manage ESG performance as part of the Framework?
No
Source Reference Detail
–
Source Reference Document
–
Source Reference Description
–
P 1.13 – Does the regulator or industry association apply any disincentives/penalties for non-compliance by FIs in terms of expectations from the regulator and/or industry association related to ESG risk management as part of the Framework?
No
Source Reference Detail
–
Source Reference Document
–
Source Reference Description
–
Pillar 1 - ESG Integration - Regulatory and Industry Association Actions
Tracking & Aggregated Disclosure
P 1.14 – Has the regulator or industry association established a data collection approach and database to track or regularly publish data related to ESG integration by FIs as part of the Framework?
No
Source Reference Detail
Banks are to establish board of directors, CEO and senior management’s commitment to implement the responsible lending strategy.
Source Reference Document
–
Source Reference Description
–
Pillar 1 - ESG Integration - Expectations of FI Actions
Strategy & Governance
P 1.15 – Does the Framework require/ask the FI’s board of directors (or highest governing body) to approve an ESRM and/or ESG integration strategy, and to supervise its implementation?
Yes
Source Reference Detail
Banks are to establish board of directors, CEO and senior management’s commitment to implement the responsible lending strategy.
Source Reference Document
–
Source Reference Description
Article 16
Pillar 1 - ESG Integration - Expectations of FI Actions
Organizational Structure & Capacity Building
P 1.16 – Does the Framework require/ask FIs to allocate resources/budget commensurate with portfolio ESG risks and define roles and responsibilities for ESG integration within the organization?
Yes
Source Reference Detail
Banks are to dedicate resources and specify clear roles and responsibilities to support the implementation of the responsible lending strategy.
Source Reference Document
–
Source Reference Description
Article 25.
P 1.17 – Does the Framework require/ask FIs to develop and maintain the ESG expertise and capacity of staff commensurate with portfolio ESG risks through regular training and learning?
Yes
Source Reference Detail
Banks are to build capacity for both senior management and staff on ESG and sustainability matters.
Source Reference Document
–
Source Reference Description
Article 27
P 1.18 – Does the Framework require/ask FIs to create incentives for managers to reduce the ESG risk-level of the portfolio over a specified timeframe?
No
Source Reference Detail
–
Source Reference Document
–
Source Reference Description
–
Pillar 1 - ESG Integration - Expectations of FI Actions
Policies & Procedures
P 1.19 – Does the Framework require/ask FIs to develop policies and procedures to identify, classify, measure, monitor, and manage ESG risks and performance throughout the financing cycle at the client level and/or the transaction/project level?
Yes
Source Reference Detail
Establishing effective responsible lending policies and processes with supporting governance structure is crucial in managing and assessing ESG risks on both client and transaction level. Periodic reviews and updates of policies and processes ensure effective implementation. The identification and management of ESG risks, such as climate-related risks, at the portfolio level allow banks to build long-term resilience and unlock growth prospects.
Source Reference Document
–
Source Reference Description
Article 20
P 1.20 – Does the Framework require/ask FIs to undertake a regular review and monitoring of ESG risk exposure at aggregate portfolio level?
Yes
Source Reference Detail
Establishing effective responsible lending policies and processes with supporting governance structure is crucial in managing and assessing ESG risks on both client and transaction level. Periodic reviews and updates of policies and processes ensure effective implementation. The identification and management of ESG risks, such as climate-related risks, at the portfolio level allow banks to build long-term resilience and unlock growth prospects.
Source Reference Document
–
Source Reference Description
Article 20
P 1.21 – Does the Framework require/ask FIs to establish and maintain an external inquiry/complaints/grievance mechanism for interested and affected stakeholders in relation to ESG practices?
Yes
Source Reference Detail
Banks are to engage with important stakeholders beyond regulators, shareholders, and clients to determine material ESG risks and to assess potential impacts associated with banks’ lending activities. Banks should consider concerns of and connect with parties who may be directly and indirectly affected by activities that banks finance in cases where negative impacts are demonstrably material and significant.
Source Reference Document
–
Source Reference Description
Article 19
Pillar 1 - ESG Integration - Expectations of FI Actions
Tracking, Reporting & Disclosure
P 1.22 – Does the Framework require/ask FIs to report ESG risks and performance to the regulator or industry association?
No
Source Reference Detail
–
Source Reference Document
–
Source Reference Description
–
P 1.23 – Does the Framework require/ask FIs to report on ESG integration publicly?
Yes
Source Reference Detail
Banks are to publish their progress on implementing the guidelines by disclosing information on the measures taken or the impacts achieved.
Source Reference Document
–
Source Reference Description
Article 31
P 1.24 – Does the Framework require/ask FIs to track credit risk (e.g. loan defaults) and/or financial returns in relation to ESG risk level?
No
Source Reference Detail
–
Source Reference Document
–
Source Reference Description
–
Pillar 2 - Climate Risk Management - Strategic Alignment
National Framework
P 2.25 – Has the regulator or industry association published a national framework (“Framework”) for the banking sector that sets out expectations for integrating the consideration and management of climate risks and their impact in the national economy?
Yes
Source Reference Detail
Articles 4 and 20 climate change and climate-related risks as part of ESG risk; Article 6, country’s vulnerability to climate change; Article 4, footnote 2, reference to TCFD disclosure; Article 22 Policies and process: ESG risks including climate and materialization as financial risk; Article 24, portfolio exposure to ESG and climate risks; Appendix references to TCFD. C
Source Reference Document
Sustainable Banking Guidelines on Responsible Lending
Source Reference Description
Articles 4, 6, 20, 22, 24
P 2.26 – Has the relevant regulator or industry association published a Framework for capital markets, investment, insurance or other non-lending FIs that sets out expectations for integrating the consideration and management of climate risks and their impact in the national economy?
Yes
Source Reference Detail
Stock Exchange of Thailand’s Sustainability Reporting requirements https://publish.sec.or.th/nrs/6153s.pdf), which use climate risk related elements of TCFD, CDP, GRI among others and related guidance.
Source Reference Document
Stock Exchange of Thailand’s Sustainability Reporting requirements
Source Reference Description
Stock Exchange of Thailand’s Sustainability Reporting requirements https://publish.sec.or.th/nrs/6153s.pdf), which use climate risk related elements of TCFD, CDP, GRI among others and related guidance.
Pillar 2 - Climate Risk Management - Strategic Alignment
Alignment with International Goals & Standards
P 2.27 – Does the Framework make reference to international agreements or frameworks to address climate?
Yes
Source Reference Detail
Article 6 reference to the Paris Agreement and SDGs.
Source Reference Document
Sustainable Banking Guidelines on Responsible Lending
Source Reference Description
Article 6 reference to the Paris Agreement and SDGs.
P 2.28 – Does the Framework recognize or align with established regional or international good practice for climate risk management and disclosure by FIs?
Yes
Source Reference Detail
Article 4, footnote 2, reference to the TCFC, in addition to Annex.
Source Reference Document
Sustainable Banking Guidelines on Responsible Lending
Source Reference Description
Article 4, footnote 2
Pillar 2 - Climate Risk Management - Strategic Alignment
Alignment with National Goals & Strategies
P 2.29 – Has the regulator or industry association aligned the Framework with national goals to address climate change in line with the country’s Nationally Determined Contributions (NDCs) to the Paris Agreement?
Yes
Source Reference Detail
Article 6 reference to the Paris Agreement and Nationally Determined Contribution (NDC).
Source Reference Document
Sustainable Banking Guidelines on Responsible Lending
Source Reference Description
Article 6
P 2.30 – Does any cooperation exist between agencies, or between government and industry association, with respect to policy design or implementation related to climate risk management?
Yes
Source Reference Detail
Article 1 collaboration with civil society, and Article 6, integration with Bank of Thailand strategic plan.
Source Reference Document
Sustainable Banking Guidelines on Responsible Lending
Source Reference Description
Article 1, 6
P 2.31 – Does any inter-agency data sharing currently exist related to climate risk management by FIs?
No
Source Reference Detail
–
Source Reference Document
–
Source Reference Description
–
Pillar 2 - Climate Risk Management - Regulatory and Industry Association Actions
Overall Approach & Strategy
P 2.32 – Has the regulator or industry association undertaken research on historical impacts to the economy and financial sector from climate change, and/or future expected impacts resulting from physical and transition climate risks?
No
Source Reference Detail
–
Source Reference Document
–
Source Reference Description
–
P 2.33 -Does the Framework identify key sources of GHG emissions – such as in particular sectors – as priorities in the proactive management of climate risks by the financial sector?
No
Source Reference Detail
–
Source Reference Document
–
Source Reference Description
–
P 2.34 – Does the Framework incorporate the conservation/restoration of natural carbon sinks (such as oceans, forests, mangroves, grasslands, and soils) as an important part of reducing climate change risks? (e.g., through guidelines, scenario analysis, targets, or incentives for FIs)
No
Source Reference Detail
–
Source Reference Document
–
Source Reference Description
–
P 2.35 – Has the regulator or industry association developed an internal strategy to address climate risk, and/or embedded climate risk management into its governance, organizational structures, and budget as part of the Framework?
No
Source Reference Detail
–
Source Reference Document
–
Source Reference Description
–
P 2.36 – Has the regulator or industry association undertaken any activities to expand and deepen analytical understanding of national and/or cross-border physical and transition climate risks, and to raise awareness as to how these risks may transmit to, and impact, the financial sector?
No
Source Reference Detail
–
Source Reference Document
–
Source Reference Description
–
Pillar 2 - Climate Risk Management - Regulatory and Industry Association Actions
Technical Guidance
P 2.37 – Has the regulator or industry association developed risk assessment approaches, methodologies, or tools to understand and assess the financial sector’s exposure to climate risk as part of the Framework?
No
Source Reference Detail
–
Source Reference Document
–
Source Reference Description
–
Pillar 2 - Climate Risk Management - Regulatory and Industry Association Actions
Supervisory Activities & Incentives
P 2.38 – As part of the Framework, has the regulator clarified supervisory expectations with regard to climate risk management by FIs, including consideration of international good practices?
Yes
Source Reference Detail
Article 3 The guidelines define the minimum expectations on responsible lending practices for all banks based in Thailand. Article 6: The Bank of Thailand (BOT) has recognised the role of the financial sector in driving Thailand’s sustainable growth and has set to promote sustainable banking in the Thai financial sector as outlined in the medium-term direction in its three-year strategic plan (2017-2019).
Source Reference Document
Sustainable Banking Guidelines on Responsible Lending
Source Reference Description
Article 3
P 2.39 – Has the regulator started to explicitly embed climate-related risk in supervisory activities and review processes as part of the Framework?
No
Source Reference Detail
–
Source Reference Document
–
Source Reference Description
–
P 2.40 – Has the regulator started to explicitly embed climate-related risk in supervisory activities and review processes as part of the Framework?
Yes
Source Reference Detail
Article 28 on public reporting, in addition to the Thai Banker Association annual sustanability reporting. Stock Exchange of Thailand’s Sustainability Reporting requirements use climate risk related elements of TCFD, CDP, GRI among others and related guidance.
Source Reference Document
Sustainable Banking Guidelines on Responsible LendingStock Exchange of Thailand’s Sustainability Reporting requirements
Source Reference Description
Article 28
P 2.41 – Has the regulator started to explicitly embed climate-related risk in supervisory activities and review processes as part of the Framework?
No
Source Reference Detail
–
Source Reference Document
–
Source Reference Description
–
Pillar 2 - Climate Risk Management - Regulatory and Industry Association Actions
Tracking & Aggregated Disclosure
P 2.42 – Does the regulator or industry association regularly collect and/or report market-level and/or FI-level data on climate-related financial sector risks as part of the Framework?
No
Source Reference Detail
–
Source Reference Document
–
Source Reference Description
Pillar 2 - Climate Risk Management - Expectations of FI Actions
Strategy & Governance
P 2.43 – Does the Framework require/ask FIs to establish a strategy for climate risk management with responsibility at the board of director level (or highest governing body)?
No
Source Reference Detail
–
Source Reference Document
–
Source Reference Description
–
Pillar 2 - Climate Risk Management - Expectations of FI Actions
Organizational Structure & Capacity Building
P 2.44 – Does the Framework require/ask FIs to define the roles and responsibilities and related capacities of the FI’s senior management and operational staff in identifying, assessing, and managing climate-related financial risks and opportunities?
Yes
Source Reference Detail
Articles 4 and 20 climate change and climate-related risks as part of ESG risk; Article 15, 16, 17 (“Leadership and responsible lending commitment Strong leadership by”); Articles 25, 26, 27 (“Defining responsibilities and building capacity”).
Source Reference Document
Sustainable Banking Guidelines on Responsible Lending
Source Reference Description
Articles 4, 15, 16,17, 20, 25, 26, 27
Pillar 2 - Climate Risk Management - Expectations of FI Actions
Policies & Procedures
P 2.45 – Does the Framework require/ask FIs to expand existing risk management processes to identify, measure, monitor, and manage/mitigate financial risks from climate change?
Yes
Source Reference Detail
Articles 4 and 20 climate change and climate-related risks as part of ESG risk; Article 6, country’s vulnerability to climate change; Article 22 Policies and process: ESG risks including climate and their materialization as financial risk; Article 24, portfolio exposure to ESG and climate risks.
Source Reference Document
Sustainable Banking Guidelines on Responsible Lending
Source Reference Description
Articles 4, 6, 22, 24
Pillar 2 - Climate Risk Management - Regulatory and Industry Association Actions
Tracking, reporting & disclosure
P 2.46 – Does the Framework require/ask FIs to report on their overall approaches to climate risk management in line with international good practices (e.g., TCFD), or establish a timeline by which FIs should begin to align their reporting with such practices?
Yes
Source Reference Detail
Articles 4 and 20 climate change and climate-related risks as part of ESG risk; Article 4, footnote 2, reference to TCFD disclosure; Article 22 Policies and process: ESG risks including climate and materialization as financial risk; Article 24, portfolio exposure to ESG and climate risks; Appendix references to TCFD.
Source Reference Document
Sustainable Banking Guidelines on Responsible Lending
Source Reference Description
Articles 4 and 20 climate change and climate-related risks as part of ESG risk; Article 4, footnote 2, reference to TCFD disclosure; Article 22 Policies and process: ESG risks including climate and materialization as financial risk; Article 24, portfolio exposure to ESG and climate risks; Appendix references to TCFD.
P 2.47 – Does the Framework require/ask FIs to identify, measure, and report on exposure to sectors which are vulnerable to transition risk and physical risk?
Yes
Source Reference Detail
Articles 4 and 20 climate change and climate-related risks as part of ESG risk; Article 6, country’s vulnerability to climate change; Article 4, footnote 2, reference to TCFD disclosure; Article 22 Policies and process: ESG risks including climate and materialization as financial risk; Article 24, portfolio exposure to ESG and climate risks; Appendix references to TCFD.
Source Reference Document
Sustainable Banking Guidelines on Responsible Lending
Source Reference Description
Articles 4, 6, 20, 22, 24
P 2.48 – Does the Framework require/ask FIs to adopt and report on performance targets to reduce portfolio greenhouse gas (GHG) emissions on a regular basis?
Yes
Source Reference Detail
–
Source Reference Document
–
Source Reference Description
–
P 2.49 – Does the Framework require/ask FIs to adopt and report on performance targets to reduce exposure to climate change risks at the portfolio level on a regular basis?
No
Source Reference Detail
–
Source Reference Document
–
Source Reference Description
–
Pillar 3 - Financing Sustainability - Strategic Alignment
National Framework
P 3.50 – Has the regulator or industry association published a national framework (“Framework”) for the banking sector that sets out expectations for integrating the consideration of instruments, goals, and standards for financing sustainability, including requirements for ensuring credibility and managing and measuring resulting impacts in the national economy?
Yes
Source Reference Detail
Covers both banking (loans) and capital markets.
Source Reference Document
Sustainable Financing Framework (2020)
Source Reference Description
–
P 3.51 – Has the relevant regulator or industry association published a Framework for capital markets, investment, insurance or other non-lending FIs that sets out expectations for integrating the consideration of instruments, goals, and standards for financing sustainability, including requirements for ensuring credibility and managing and measuring resulting impacts in the national economy
Yes
Source Reference Detail
Covers both banking (loans) and capital markets.
Source Reference Document
Sustainable Financing Framework (2020)
Source Reference Description
–
Pillar 3 - Financing Sustainability - Strategic Alignment
Alignment with International Goals & Standards
P 3.52 – Has the regulator or industry association developed a strategy, regulations, or set of frameworks for stimulating the allocation of capital to sustainable assets, projects, and related sectors in line with global goals, such as the Sustainable Development Goals (SDGs)?
Yes
Source Reference Detail
–
Source Reference Document
Sustainable Banking Guidelines on Responsible LendingSustainable Financing Framework (2020)
Source Reference Description
Page 3
P 3.53 – Does the Framework recognize and/or align with existing standards, voluntary principles, or market good practices related to sustainable finance instruments?
Yes
Source Reference Detail
–
Source Reference Document
Sustainable Financing Framework (2020)Sustainable Bond Issuance Guide
Source Reference Description
Page 6
Pillar 3 - Financing Sustainability - Regulatory and Industry Association Actions
Alignment with national goals & strategies
P 3.54 – Does the Framework enable the achievement of stated national objectives by guiding capital to sectors, assets, and projects that have environmental and social benefits in line with national sustainable development priorities, strategies, targets, and the size of sustainable investment needs, and taking into account the local barriers to scaling-up sustainable finance?
Yes
Source Reference Detail
–
Source Reference Document
Sustainable Financing Framework (2020)
Source Reference Description
–
P 3.55 – Does the Framework enable the achievement of stated national objectives by guiding capital to sectors, assets, and projects that have environmental and social benefits in line with national sustainable development priorities, strategies, targets, and the size of sustainable investment needs, and taking into account the local barriers to scaling-up sustainable finance?
Yes
Source Reference Detail
The guidelines are developed on a multi-stakeholder basis, in collaboration with the members of the Thai Bankers’ Association (TBA) with inputs from science-based organizations, including World Wide Fund for Nature (WWF).
Source Reference Document
–
Source Reference Description
Article 1
P 3.56 – Does any inter-agency data sharing currently exist related to stimulating and monitoring sustainable finance flows?
Yes
Source Reference Detail
–
Source Reference Document
Sustainable Financing Framework (2020)
Source Reference Description
Page 11, para 2.2
Pillar 3 - Financing Sustainability - Strategic Alignment
Overall Approach & Strategy
P 3.57 – Does the Framework require/ask the regulator or industry association to establish mechanisms to identify and encourage the allocation of capital to sustainable sectors, assets, and projects?
No
Source Reference Detail
–
Source Reference Document
–
Source Reference Description
–
Pillar 3 - Financing Sustainability - Regulatory and Industry Association Actions
Technical Guidance
P 3.58 – Does the Framework require/ask the regulator or industry association to establish mechanisms to identify and encourage the allocation of capital to sustainable sectors, assets, and projects?
Yes
Source Reference Detail
–
Source Reference Document
Sustainable Financing Framework (2020)
Source Reference Description
Page 7 – 11
P 3.59 – Does the Framework provide guidelines for extending green, social or sustainability-focused loans (excluding bonds)?
No
Source Reference Detail
–
Source Reference Document
–
Source Reference Description
–
P 3.60 – Does the Framework provide guidelines for issuance of green, social or sustainability bonds?
Yes
Source Reference Detail
–
Source Reference Document
Sustainable Bond Issuance Guide
Source Reference Description
–
P 3.61 – Does the Framework require/ask for external party verification to ensure the credibility of sustainability instruments?
Yes
Source Reference Detail
–
Source Reference Document
Sustainable Bond Issuance Guide
Source Reference Description
Item 3
Pillar 3 - Financing Sustainability - Regulatory and Industry Association Actions -
Supervisory activities & incentives
P 3.62 – Does the regulator or industry association monitor information reported by FIs related to green/social/sustainability investment, lending, and other instruments to prevent greenwashing and social-washing?
Yes
Source Reference Detail
–
Source Reference Document
Sustainable Financing Framework (2020)
Source Reference Description
Page 11, Section 2.2
P 3.63 – Are there any financial or non-financial incentives for FIs to develop and grow green, social, or sustainability finance instruments?
No
Source Reference Detail
–
Source Reference Document
–
Source Reference Description
–
Pillar 3 - Financing Sustainability - Regulatory and Industry Association Actions -
Tracking & Aggregated Disclosure
P 3.64 – Does the regulator or industry association collect and/or publish data from FIs or other sources about allocation of capital to green/social/sustainability assets, projects, or sectors?
Yes
Source Reference Detail
Suggest this could be a “yes” response. “Thailand Sustainable Financing Framework (2020)”, page 12, section 2.4
Source Reference Document
Sustainable Financing Framework (2020)
Source Reference Description
Page 12, Section 2.4
Pillar 3 - Financing Sustainability - Expectations of FI Actions
Strategy & Governance
P 3.65 – Does the Framework require/ask FIs to establish a strategy, governance, or high-level targets, including at the Board of Directors level, for capital allocation to sustainable assets, projects, or sectors?
No
Source Reference Detail
–
Source Reference Document
–
Source Reference Description
–
Pillar 3 - Financing Sustainability - Expectations of FI Actions
Organizational Structure & Capacity Building
P 3.66 – Does the Framework require/ask FIs to define internal staff roles and responsibilities to encourage finance flows to green, social, and/or sustainability-focused investments?
Yes
Source Reference Detail
Banks are to dedicate resources and specify clear roles and responsibilities to support the implementation of the responsible lending strategy.
Source Reference Document
–
Source Reference Description
Article 25
P 3.67 – Does the Framework require/ask FIs to develop and maintain internal staff capacity on green, social, or sustainability products through regular training and learning?
No
Source Reference Detail
–
Source Reference Document
–
Source Reference Description
–
Pillar 3 - Financing Sustainability - Expectations of FI Actions
Policies & Procedures
P 3.68 – Does the Framework require/ask FIs to put in place policies and procedures for defining, issuing, managing proceeds, tracking performance, and reporting on green, social or sustainability-focused products?
No
Source Reference Detail
–
Source Reference Document
–
Source Reference Description
–
P 3.69 – Does the Framework require/ask FIs to appoint an independent external reviewer to confirm that the FI’s internal framework meets the requirements of the recognized national framework and regulations, or aligns to international standards?
No
Source Reference Detail
–
Source Reference Document
–
Source Reference Description
–
P 3.70 – Does the Framework require/ask that FIs create incentives for managers to increase sustainable loans or investments in the portfolio?
No
Source Reference Detail
Source Reference Document
–
Source Reference Description
–
Pillar 3 - Financing Sustainability - Expectations of FI Actions
Tracking, reporting & disclosure
P 3.71 – Does the Framework require/ask FIs to publish annual updates on the performance and impacts of the sustainability instruments in compliance with relevant national and/or international standards?
Yes
Source Reference Detail
–
Source Reference Document
Sustainable Bond Issuance Guide
Source Reference Description
Article 2.4
P 3.72 – Does the Framework require/ask FIs to obtain and disclose independent review of metrics reported annually in relation to the social and environmental outcomes and impacts achieved through the sustainability instruments?
Yes
Source Reference Detail
–
Source Reference Document
–
Source Reference Description
–
P 3.73 – Does the Framework require/ask FIs to obtain and disclose independent review of metrics reported annually in relation to the social and environmental outcomes and impacts achieved through the sustainability instruments?
No
Source Reference Detail
–
Source Reference Document
–
Source Reference Description
–
P 3.74 – Does the Framework require/ask FIs to report to the regulator(s) or industry association(s) on green, social, and/or sustainability bonds or other positive impact investments?
No
Source Reference Detail
–
Source Reference Document
–
Source Reference Description
–
P 3.75 – Does the Framework require/ask FIs to report publicly on their green, social and sustainability-focused finance activities and positive outcomes or impacts (i.e. not only to the regulator or shareholders)?
Yes
Source Reference Detail
–
Source Reference Document
Sustainable Bond Issuance Guide
Source Reference Description
Article 3
