Bangkok Bank announces success of "Green Transition Academy - Class 1" cultivating green Business leaders with concrete organizational transition plans

Bangkok Bank President Mr. Chartsiri Sophonpanich said at the closing ceremony of the "Green Transition Academy - Class 1" that the program has produced 47 change leaders for green business. Over the nine-week course, participants explored tools, concepts, and strategies that can be practically applied to their organizations, including legal frameworks, clean energy technologies, carbon credits, and green supply chains. Utilizing carbon credits presents a new opportunity for Thai businesses, as the global voluntary carbon credit market is expected to exceed 25 billion US dollars by 2030. Institutional investors worldwide are increasingly prioritizing sustainable business practices aligned with ESG principles. Companies with strong environmental management will earn greater trust, enjoy better access to funding, and gain a competitive edge.

"We believe that transition is not a cost but a long-term investment that strengthens organizations and enhances global competitiveness. As your 'trusted partner and reliable close friend,' Bangkok Bank stands ready to support your journey toward sustainability with appropriate financial services and credit solutions, such as the Bualuang Green Loan and other offerings, enabling businesses to confidently invest in sustainable projects," said Mr. Chartsiri.

Hoover Industries (Thailand) Business Development Director Ms. Tipnapa Damrongvatanapokin, one of the program participants and winner of the "Green Transition Strategy Awards" for her greenhouse gas reduction plan, shared that Hoover Industries is one of Thailand's leading full-service cosmetic packaging manufacturers. The company has proactively adapted by using recyclable materials, developing eco-friendly products, and minimizing production waste. Transitioning to green business is not merely regulatory compliance, it's a vital business strategy for sustainable global competitiveness. Customers, especially major brands, are tightening sustainability policies each year. Manufacturers unable to meet these standards risk exclusion from the global supply chain. On the other hand, transitioning to green industry opens doors to exciting new opportunities.

"This course helped us understand the systemic picture of greenhouse gas emissions and how we can manage or improve those processes—such as investing in clean energy and production technology, enhancing machinery efficiency, and researching alternative materials. We focus on 100% recyclable or bio-based materials to reduce reliance on fossil resources. Packaging is now a key factor in sustainability decisions for consumers and brand owners worldwide. We can build on our carbon accounting knowledge by creating Carbon Footprint Labels for our products, which increases transparency and credibility in the eyes of customers and adds value in competitive markets," said Ms. Thipnapa.

Additionally, the program featured an awards ceremony for the winners of the "Green Transition Strategy Awards" under the theme "Race to Net Zero: Executive Strategy Challenge." This activity allowed participants to draft greenhouse gas reduction strategies tailored to their organizational context, with guidance from sustainability experts at ERM-Siam Co., Ltd. Participants can further develop these strategies into actionable plans. The winning team was Hoover Industries (Thailand), while the joint first runner-up awards went to PAC Corporation (Thailand) and Agriac Global.

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