First in country to align with SET ESG Ratings as performance indicator
UOB Thailand today announced the launch of its Sustainable Liquidity Management Programme, a first of its kind initiative in the country that links corporate liquidity management with environmental, social, and governance (ESG) performance by using the Stock Exchange of Thailand (SET)'s ESG Ratings as a key performance indicator (KPI). PTT Public Company Limited, Thailand's national energy company becomes the programme's first participant.
The initiative empowers companies committed to sustainability to optimise surplus liquidity while being financially rewarded for ESG progress. Participants meet or exceed ESG targets will receive additional financial incentives from UOB. This approach integrates investment efficiency with long-term ESG goals, making sustainable finance a practical, results-driven strategy.
Mrs Vira-anong Chiranakhorn Phutrakul, Deputy CEO and Head of Wholesale Banking, UOB Thailand, said, "Our Sustainable Liquidity Management Programme underscores UOB's deep commitment to driving sustainable progress across the region. By aligning financial solutions with recognised ESG indicators and offering tangible incentives, we empower our clients to embed sustainability into their core strategies. This initiative reflects not only our support for Thailand's long-term vision for sustainable economic development, but also our broader sustainability objectives - to help businesses grow responsibly, to channel consumer wealth towards sustainable investments, and to promote social inclusion and environmental well-being."
Under this initiative, the Bank refers to SET ESG Ratings as a reliable tool to compare sustainability performance of participating companies, while promoting transparency and accountability among investors. It also leverages ESG-related data to guide real-world investment choices and promote sustainability within the capital market.
Digital adoption, sustainability practices and better people management among favourable outcomes for Thai SMEs participants of UOB's 2022 Smart Business Transformation Programme
The Future of Formula 1 Begins Here - One Race at a Time
Anantara Iko Mauritius Resort & Villas Unveils its New 'Be Iko' Conservation Initiative
JA SparktheDream from FWD Insurance and JA Thailand enters second year aim to empower youth with financial literacy
Maldives and Koh Samui Join OUTRIGGER DISCOVERY Programme. Inclusions add recognition, benefits and rewards for holidaymakers and frequent travellers
The Hong Kong Drum Festival concludes in splendour: passions run high, and the beats linger in the air
Zero-Waste and Food Security Solutions Take Centre Stage at MIFB 2023; New Partnership Inked to Reduce Hospitality Food Waste
AstraZeneca trains young peer educators for the fourth consecutive year as support for the Young Health Programme in Thailand