Global Challenges

• Environmental degradation
• Social inequality
• Lack of transparency in organizational operations

These challenges have led to the convergence of various organizations to prioritize conducting business in correspondence with sustainable development principles.

Financial institutions play a crucial role in driving the economy towards conducting business with responsibility for the environment, society, and governance (ESG).

The Bank of Thailand (BOT) has identified sustainability as one of the key challenges in the strategic plan for the years 2020-2022, stating that the operation with sustainability in terms of the environment, society, and governance is an issue that GSB cannot avoid.”

In addition, the BOT has collaborated with the Thai Bankers’ Association and 15 commercial banks to sign the MOU called the “Sustainable Banking Guidelines-Responsible Lending”. This MOU serves as a framework for commercial banks to conduct their operations in line with sustainable banking principles.”