SET partners with Krungsri to empower SMEs with carbon measurement for sustainable finance access

• SET joins forces with Krungsri to advance the development of a sustainable finance ecosystem, leveraging SETCarbon as a central solution to elevate climate data for the business sector, and empower Thai entrepreneurs, particularly SMEs, to access sustainable finance.
• This collaboration enables Krungsri's corporate customers to use the SETCarbon system for standardized greenhouse gas (GHG) emissions data management, providing critical data for sustainable finance decisions, climate risk assessment, and the development of financial tools to support emissions reduction.

Stock Exchange of Thailand (SET), in collaboration with Bank of Ayudhya pcl (Krungsri), strengthens support for Thai SMEs to establish a foundation for sustainable growth through systematic development of a sustainable finance ecosystem. Starting upstream with education and understanding of the ESG framework, the partnership supports the use of the SETCarbon platform as a tool for managing and reporting corporate GHG emissions, while promoting the development of transition plans for concrete emissions reduction—a critical factor in enhancing capabilities and increasing access to sustainable finance in the future.

SET Chief Strategy & Finance Officer Soraphol Tulayasathien stated that carbon data has become a foundational infrastructure in driving the transition to a low-carbon economy, as global trade regulations and environmental measures are increasingly embedded into market access conditions and supply chain requirements. At the same time, financial institutions and investors are placing greater emphasis on climate risk management in their capital allocation decisions. Therefore, developing quality data infrastructure that connects to the financial sector is a vital mechanism to strengthen the long-term readiness of Thai businesses.
"This collaboration with Krungsri will support Thai entrepreneurs, particularly SMEs, which are a crucial part of supply chains, in preparing for increasingly stringent climate regulations and disclosure standards through access to systematic carbon data management tools," he said.

"The SETCarbon platform not only supports data reporting but also enables the data to be utilized for accessing funding sources and financial support for actual business transition. SET continues to advance technology development to make the system user-friendly and easily accessible. Currently, over 380 organizational accounts are using the platform, with user numbers increasing by more than 30 percent over the past six months, reflecting accelerating market adoption and rising demand for standardized carbon data management tools. Around 85 percent of users are listed companies, while the remaining 15 percent are non-listed organizations. Through this collaboration, SET and Krungsri have implemented the SETCarbon system with the bank's customers, bringing SET's total financial institution partners to three, with prospects for continued expansion of partnerships in the future," Soraphol added.

Krungsri Head of SME Banking Group Duangkamol Limpuangthip said that "Krungsri is committed to supporting SME entrepreneurs in making tangible transitions to low-carbon business operations. Recognizing that many entrepreneurs need knowledge and clear practical guidance, we have continuously operated the Krungsri ESG Academy to enhance sustainable finance knowledge and support businesses in effectively developing emissions reduction plans. This year, Krungsri has received support from SET to utilize the SETCarbon platform, enabling entrepreneurs to systematically collect and manage GHG emissions data. This data can be verified and registered according to the Thailand Greenhouse Gas Management Organization (Public Organization) (TGO) standards, enhancing credibility and supporting future access to sustainable finance sources."

"Additionally, Krungsri is ready to provide financial support to entrepreneurs seeking to improve their production processes and services to reduce GHG emissions, through special fixed-rate loans starting as low as 3.5 percent for the first two years, helping to ease cost burdens and enhance liquidity so that businesses can confidently invest in environmental initiatives," Duangkamol said.

This collaboration between SET and Krungsri marks a significant step forward in integrating knowledge, tools, and financial support to enhance the capabilities of Thai entrepreneurs and drive long-term sustainable growth, while paving the way for the development of sustainable financial products and services that more comprehensively meet corporate customers' needs.

Organizations interested in using the SETCarbon system, please contact SET's Sustainability Service Development Department at Tel +66(0) 2009 9844 or +66(0) 2009 9597 for more information. Krungsri corporate customers may contact Krungsri Customer Service Center at Tel +66(0) 2626 2626, Monday to Saturday, 08:00-20:00 hrs., excluding public holidays and bank holidays.

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