Thailand is encouraging small and medium-sized enterprises to adopt environmentally sustainable practices through a new financial assistance program worth 150 million USD. The green loan scheme is designed to support SMEs that face challenges in accessing funding while addressing environmental concerns. The initiative is a joint effort between the Federation of Thai Industries and the Thai Bankers’ Association.
The program aims to help SMEs reduce their carbon footprint and adopt eco-friendly manufacturing processes. FTI Vice Chairman Chaiwat Kovavisarach noted that Thailand produces approximately 350 million tonnes of carbon dioxide equivalent annually, with the energy and industrial sectors contributing over 75% of emissions. While this accounts for roughly 1% of global emissions, the Thai government is pursuing carbon neutrality by 2050, defined as balancing carbon dioxide emissions with absorption.
FTI Chairman Kriengkrai Thiennukul explained that promoting sustainable business practices aligns with the organization’s “Four Goes” campaign, which supports SMEs in navigating economic challenges. The campaign focuses on Go Green, Go Digital, Go Innovation, and Go Global. The green loan program forms a key part of the Go Green initiative, providing SMEs with access to financing contingent on adopting environmentally responsible practices.
By integrating sustainability into business operations, Thai SMEs are expected to contribute to national climate objectives while maintaining competitiveness. The scheme highlights the role of financial incentives in encouraging environmentally conscious investment and operational improvements among smaller businesses in Thailand.
(Source: Vietnam+)
