Bangkok Bank launches "The Great Green Transition" project to support green businesses by inviting green startups to compete by presenting project proposals and offering in-depth courses and knowledge update platforms

Bangkok Bank supports green businesses by launching the "The Great Green Transition" project to build a network of entrepreneurs and help them adapt for the future, and invites green startups to join a competition by presenting project proposals for sustainable business growth. The project includes activities to share direct knowledge and experience, offer in-depth courses, and build a continuous knowledge platform through social media. The Bank is ready to provide financial services to entrepreneurs, help them solve problems, and closely support them to grow together sustainably.

Bangkok Bank Senior Executive Vice President and Corporate Secretary Dr. Kobsak Pootrakool said that: "Bangkok Bank, as a leading regional bank, launched "The Great Green Transition" project to build a network of entrepreneurs who wish to adapt and find ways to grow their businesses in the future with an emphasis on sustainability and ESG principles that take into account environmental, social, and governance factors. The project also aims to help Thailand transition to a low-carbon economy by inviting entrepreneurs from various industries to share and exchange knowledge and experiences on the environment, regulatory measures, as well as transition strategies that businesses can practically apply."

"The climate crisis and drive for sustainable growth under the new global rules that aim to achieve Net Zero Emission is a new challenge for today's businesses as it has led to changes in regulations and measures that directly impact Thailand's export industry. At the same time, the increasingly severe climate change affects the sourcing of raw materials, transportation, and supply chains, as well as consumer behavior as people now place more importance on environmentally-friendly products and services. Businesses can no longer operate the way they have before and they need to adjust their strategies to manage risks and find new opportunities. The Bank is ready to support and encourage entrepreneurs to recognize the importance of these issues and adapt to operate their businesses in a stable and sustainable manner."

Dr. Kobsak added that the Bank is now accepting applications from green startup businesses who develop environmentally-friendly innovations that tackle carbon emissions and global warming issues. The startups can participate in a pitching competition to present their products and services and receive advice from esteemed speakers, with the winner receiving a prize of 100,000 baht. Additionally, 10 selected companies will have the opportunity to showcase their innovations at the Great Green Transition seminar and three companies will get the opportunity to present their products and explain their approach to driving a sustainable business on stage at the seminar. The event will be attended by over 700 participants from various industries, providing an opportunity to meet executives and other business owners, foster collaboration and expand business potential in the future. Interested startups can apply to join the competition from today until March 3, 2025 at https://forms.gle/a835tLqkEMKnbeh89 , and get more information by calling 02-626-3991, 02-230-2325 and 02-230-2336, or emailing [email protected], [email protected] and [email protected].

For entrepreneurs interested in gaining insights into how to transition to the new environmentally-conscious business world, the Bank offers the Green Transition Academy. This comprehensive course is designed to provide entrepreneurs with knowledge about climate-related issues and regulations related to climate change through lectures from policy experts, experience sharing from private sector businesses that have successfully transitioned, and workshops that develop the necessary skills to prepare for the implementation of new regulations.

The Bank has also established an official Facebook fan page named "The Great Green Transition by Bangkok Bank." This page serves as a hub for collecting and sharing knowledge, disseminating information on environmental trends, and providing updates on regulatory measures that impact business operations. It also offers organizational management guidelines for transitioning to modern business practices, with a focus on practical methods and examples that entrepreneurs can apply to their businesses.

Dr. Kobsak added that in addition to providing knowledge under the "The Great Green Transition" project, the Bank is also ready to offer financial products and services to help customers transition smoothly to new business models. These include the Bualuang Green Loan, aimed at businesses seeking to reduce greenhouse gas emissions, adapt to climate change and reduce pollution, and the Bualuang Transformation Loan, designed for businesses looking to enhance their operations in the digital age and the next normal. This includes adopting digital technology, being environmentally friendly, or utilizing future innovations. Additionally, the Bualuang Green Loan and Bualuang Green Solar Energy loans are tailored to drive environmental goals and align with ESG principles. The Bank has also prepared its officers to support customers from the initial planning stages of business transformation, closely monitoring the situation to provide comprehensive problem-solving assistance.

"Bangkok Bank is committed to supporting Thai businesses to adapt and effortlessly operate under new environmental standards, facilitating a stable transition to a low-carbon economy. We believe that the Great Green Transition project will be a valuable tool for entrepreneurs to navigate global regulatory changes, expand market opportunities, and add value to their businesses. Together, we aim to drive Thailand towards achieving its Net Zero Emission target," said Dr. Kobsak.

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