Thailand Times: Building of Sustainable Finance Ecosystem in Thailand

ASEAN needs around $200 billion of annual investments in green projects in response to climate change. How the countries mobilize capital at scale is crucial. In Thailand, the development of a sustainable finance ecosystem is one of the priorities that allow the country to leverage capital for environmental, social, and governance (ESG) investment projects.

To build an ecosystem for sustainable finance, key stakeholders from both the demand and supply sides of the capital market need to move forward in the same direction. Policies and guidelines from regulatory bodies, sustainable financial products such as green and social bonds, and investor awareness on ESG are among the main factors of ecosystem development. 

In addition, partnerships with international institutions such as ADB and the Climate Bond Initiative helped strengthen the ecosystem. The technical support contributed to an establishment of a local green bond verifier for Thai green bond issuers. A social bond framework development to support low-income households is another good example of support from international institutions.

Chapters:
0:00 ADB's support on sustainable finance development in Thailand
0:10 Development of sustainable finance ecosystem in Thailand
1:33 What sustainable finance is and why it is important now more than ever
5:04 How a sustainable finance ecosystem is designed in Thailand
9:00 ADB support to Thailand in building up a sustainable finance ecosystem, including examples

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