August 13, 2019 — In collaboration with 15 commercial banks, the Bank of Thailand will establish guidelines for responsible lending as part of their sustainable business operation. Thai banks are encouraged to lend based on environmental, social, and governance (ESG) criteria, which will serve as protection against adverse consequences, and thus ease potential problems. Four policies for responsible lending will be put in place within the end of next year, accounting for stakeholder engagement, internal implementation mechanisms as well as transparency.
Read the “Sustainable Banking Guidelines Responsible Lending,” issued by the Thai Bankers’ Association here.