Exceeded Target Early: SCB delivered over 180 billion baht in sustainable finance by mid-2025—surpassing its 150 billion baht target ahead of schedule.
Sector-Wide ESG Strategy: The bank implemented tailored decarbonization plans for key sectors like real estate, EVs, and energy, aligning clients’ operations with Net Zero goals.
Science-Based Net Zero Commitment: SCBX is the first Thai financial group certified by SBTi, reinforcing its role in driving climate-aligned finance.
Siam Commercial Bank (SCB) has outperformed its sustainable finance goal, disbursing more than 180 billion baht in sustainable loans and bonds within just two and a half years—well ahead of its original 150 billion baht target set for 2023–2025. The achievement is part of SCB’s “Live Sustainably” strategy, aimed at accelerating Thailand’s low-carbon transition.
“Our ‘Live Sustainably’ strategy places strong emphasis on supporting the sustainable growth of organizations and the Thai economy through ESG dimensions,” said Kris Chantanotoke, Chief Executive Officer of SCB.
As part of its broader climate agenda, SCB has set three long-term environmental commitments:
Support clients’ sustainability transitions via a 150-billion-baht green finance framework (2023–2025),
Achieve Net Zero emissions from its own operations by 2030, and
Reach Net Zero across its entire loan and investment portfolio by 2050.
These efforts align with SCBX Group’s broader climate strategy. Notably, SCBX is the first and only financial group in Thailand certified by the Science-Based Targets initiative (SBTi)—a global standard backed by more than 8,000 organizations for science-based climate action.
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SCB’s ESG-Driven Action Plan
To lead sustainable credit transformation across customer segments, SCB has focused on three strategic pillars:
1. Sectoral Decarbonization Strategies:
SCB developed tailored decarbonization plans for priority industries crucial to Thailand’s Net Zero trajectory—commercial real estate, renewable energy, electric vehicles and ecosystems, and petroleum and chemical sectors. These four sectors have consistently dominated SCB’s sustainable credit portfolio over the last two years.
2. Sustainability-Aligned Financial Products:
The bank introduced tools such as Sustainability-Linked Loans and Bonds, which tie interest rates to ESG performance metrics. These products offer both financial flexibility and ESG incentives, supporting customers’ business transitions.
3. Holistic Sustainability Partnership:
SCB goes beyond financing by working closely with clients to understand sustainability challenges. It offers knowledge-sharing, consultation, and technical guidance—customized by sector—to support meaningful climate progress.
“Climate change presents both risks and opportunities for the Thai economy,” Chantanotoke added. “SCB is committed to leading the transformation of Thailand’s financial sector to help customers adapt, mitigate risks, and unlock growth in a low-carbon society.”
Guided by its “Live Sustainably” principle, SCB is positioning itself as a catalyst for systemic ESG transformation—across corporations, customers, and society—toward a resilient and climate-aligned economy.
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