Watch more: Resident Coordinator's Remarks at the Sustainable Thailand 2021 Conference
Welcome address by Gita Sabharwal, UN Resident Coordinator in Thailand, at the webinar "Sustainable Thailand 2021: Sustainable Investing, Sustainable Banking," held on Monday, 27 September 2021 (see full remarks). The event aimed to bring to the fore institutional investors and the banking sector for a discussion on the principles of responsible investment (PRI) and principles of responsible banking (PRB) in the framework of business operations.
Hosts of the event included the Ministry of Finance of Thailand, United Nations Resident Coordinator Office in Thailand, Bank of Thailand, Securities and Exchange Commission, Stock Exchange of Thailand, Kasikornbank Public Company Limited, and the Government Pension Fund. In addition, a total of 43 companies and investors participated in the group signing ceremony of the 'Statement of Commitment to Sustainable Thailand 2021 (see below)'.
Statement of Commitment to Sustainable Thailand 2021
We, the undersigned financial institutions, commit to building our capacity and awareness on the UN Sustainable Development Goals and the Paris Climate Agreement. We also seek to utilize the Principles for Responsible Investment and the Principles for Responsible Banking as a global framework for embedding sustainability into the business practices of institutional investors, asset management companies and banks in Thailand through guidance and support provided by the United Nations, policy makers and regulators, in particular the Ministry of Finance of Thailand.
The Objectives are consisting of (1) Building our collective and individual awareness among Thai institutional investors and asset management companies in the Principles of Responsible Investment (PRI) and Thai banks in the Principles of Responsible Banking (PRB). (2) As institutional investors, asset management companies and banks in Thailand, we will work towards aligning our business strategy and operations with the UN Sustainable Development Goals and the Paris Climate Agreement, is aligned to the COP26 Private Sector Agenda. The Statement makes the following Commitment:
- We recognize 2021 as the year of climate action for the Thai finance industry.
- We note the UN Principles for Responsible Banking and the Principles for Responsible Investment as comprehensive global frameworks for sustainable banking and responsible investment respectively that will guide financial institutions to mainstream climate action in their business strategies.
43 institutional investors, asset management companies and banks with total asset size 40.18 trillion Baht fully acknowledge and take these following actions:
- Agree with the statement of commitment to Sustainable Investment and Banking
- Pledge of the commitment to invest and operate business align with Sustainable Development Goals and the Paris Climate Agreement
- Keep the public updated as deem appropriate
Sign in to declare the intention on 27 September 2021 by:
Banks:
1. The KASIKORNBANK PCL.
2. TMBThanachart Bank Public Co.,Ltd.
3. Krungthai Bank Public Co.,Ltd.
4. Government Savings Bank
5. Siam Commercial Bank
6. Bangkok Bank Public Co.,Ltd.
7. Bank of Ayudhya Public Co.,Ltd.
8. TISCO Bank Public Co.,Ltd.
9. CIMB Thai Bank Public Co.,Ltd.
10. Land and Houses Bank Public Co.,Ltd.
11. Bank for Agriculture and Agricultural Cooperatives
12. Export-Import Bank of Thailand
13. Small and Medium Enterprise Development Bank of Thailand
Asset management organizations:
1. Asset Plus Fund Management Co.,Ltd.
2. Kasikorn Asset Management Co.,Ltd
3. SCB Asset Management Co.,Ltd.
4. BBL ASSET MANAGEMENT CO.,LTD.
5. Krungthai Asset Management Public Co., Ltd
6. Krungsri Asset Management Co., Ltd.
7. MFC Asset Management Public Co.,Ltd.
8. Principal Asset Management Co., Ltd
9. One Asset Management Limited
10. Kiatnakin Phatra Asset Management Co., Ltd
11. KTBST SECURITIES PUBLIC Co.,Ltd.
12. TISCO Asset Management Co., Ltd.
13. AIA Investment Management (Thailand) Limited
14. Aberdeen Standard Asset Management (Thailand) Ltd.
15. We Asset Management Co.,Ltd.
16. Phillip Asset Management Co., Ltd.
17. King Wai Asset Management (Asia) Co., Ltd.
18. XSpring Asset Management Co.,Ltd.
19. Talis Asset Management Co., Ltd
20. AIRA Securities Public Co.,Ltd.
21. UOB Asset Management (Thailand) Co., Ltd.
22. Land and Houses Fund Management Co.,Ltd.
23. Merchant Partners Asset Management Limited
24. Amundi Mutual Fund Brokerage Securities (Thailand) Co.,Ltd.
25. Robowealth Mutual Fund Brokerage Securities Co., Ltd.
Institutional investors and associations:
1. Government Pension Fund
2. Social Security Office
3. National Savings Fund
4. The Thai Bankers' Association
5. ASSOCIATION OF PROVIDENT FUNDS
