Mitihoon – The Stock Exchange of Thailand (SET) and TMBThanachart Bank pcl (ttb) have forged a strategic partnership to advance Thailand’s sustainable finance ecosystem through the SETCarbon platform. This collaboration will broaden Thai businesses’ access to green capital by integrating credible environmental, social, and governance (ESG) data into ttb’s credit approval processes as well as empower corporate clients to systematically and effectively manage, calculate and report their greenhouse gas (GHG) emissions. The SETCarbon platform serves as a “passport” to financing with superior benefits compared to traditional financing options. This landmark partnership between SET and ttb will drive the business sector toward robust growth and sustainability while solidifying the foundation of Thailand’s sustainable finance ecosystem.
SET President Asadej Kongsiri highlighted the critical role of ESG data in unlocking growth through green finance. As the global economy is shifting toward low-carbon operations, ESG metrics, particularly climate-related footprints, have become key criteria for investment and policy-making decisions. Comprehensive disclosures of accurate and credible information have become crucial evidence of genuine commitment to embracing transformative changes and risk resilience on the path toward sustainable growth. Responding to this imperative, SET has developed the SETCarbon platform to optimize climate-related data disclosures. The system has garnered impressive market adoption, with over 300 listed companies or 33 percent of all Thai listed firms now employing it as their primary tool for climate data management and disclosure. As a next step, SET will extend the platform’s reach to non-listed businesses of all sizes, including the SME segment which is one of Thailand’s key growth engines.
“This partnership with ttb represents a key milestone in democratizing access to the sustainable finance ecosystem, directly supporting SET’s mission to drive Thailand’s low-carbon economy. We will extend the SETCarbon platform to businesses of all sizes, including SMEs that form the backbone of Thailand’s supply chain, to enable seamless GHG emissions management, calculation, and reporting. This positions the platform as a “passport” to ttb’s financing with superior benefits compared to traditional financing options. At the same time, this mechanism will provide ttb with a robust data pipeline for streamlined and efficient credit approval processes for green finance,” added Asadej.
ttb Chief Executive Officer Piti Tantakasem emphasized ttb’s commitment to sustainable banking under the B+ESG framework which integrates business operations with sustainability principles. “We are dedicated to supporting and empowering our commercial and SME clients as they navigate the evolving regulatory landscape and shifting business norms. A credible and standardized GHG emissions database provides a reliable baseline that businesses need for their effective decarbonization planning, enabling them to secure competitive advantages, greater capital access, and emerging opportunities. This will strengthen their credibility and trustworthiness with business partners and consumers, directly contributing to improved sales performance and sustainable long-term growth. We will deliver comprehensive support to our clients, spanning risk and impact assessments, strategic consultation, and tailored solutions designed to ensure their successful transition,” added Piti.
ttb has deployed over THB 78 billion in sustainable loans from 2019 through the second quarter of 2025, with a target to extend a total of THB 35 billion in sustainability-linked loans during 2025. The bank has also implemented educational programs, delivering training and seminars to more than 500 companies over the past year to equip them with carbon footprint expertise in support of their climate action and transition efforts. The SETCarbon platform will amplify this impact, providing the bank’s non-listed clients with systematic, standardized tools for carbon management to facilitate their decarbonization transition. As the first commercial bank to embrace this initiative, ttb has selected over 1,000 clients from climate-sensitive industries, including chemicals, transportation, food and beverage, and hospitality sectors, to pioneer a new ESG-integrated lending framework that sets unprecedented standards for incorporating environmental data into credit assessment processes.
Under this partnership, SET and ttb will connect and exchange information to streamline relevant processes and facilitate greater business access to sustainability-related capital. New financial products and services with attractive benefit packages for stakeholders will also be introduced through collaborative efforts alongside continuous development of Thailand’s sustainability ecosystem. This integrated approach will empower Thai businesses to achieve both business growth and sustainability goals through effective investment planning and operational improvements, particularly the climate action initiatives, ultimately propelling Thai businesses and Thailand toward the low-carbon economy.
For inquiries or additional information, please contact SET Sustainability Service Development Department at tel +66 (0) 2009 9897 or +66 (0) 2009 9984, or ttb corporate call center at +66 (0) 2643 7000 (08:00-20:00 hrs., Monday to Saturday, excluding public and bank holidays).
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