What To Know
- In a strategic move that could redefine Thailand’s real estate development standards, Kiatnakin Phatra Bank has entered into a partnership with Siam Cement Group (SCG) to promote sustainable construction through the use of low-carbon materials, digital innovation, and green financing solutions.
- As more businesses embrace the shift to Net Zero, initiatives like this one will likely shape a new standard in real estate development—where sustainability is not just an option but a critical obligation.
Bangkok Business PR News: A New Chapter in Sustainable Development
In a strategic move that could redefine Thailand’s real estate development standards, Kiatnakin Phatra Bank has entered into a partnership with Siam Cement Group (SCG) to promote sustainable construction through the use of low-carbon materials, digital innovation, and green financing solutions. The alliance was cemented by a formal memorandum of understanding (MOU) between the two entities, marking a major step forward in embedding Environmental, Social, and Governance (ESG) principles across the construction and property sector.
Kiatnakin Phatra Bank and SCG executives seal a partnership to propel Thailand’s real estate sector toward a low-carbon, sustainable future
Image Credit: Kiatnakin Phatra Financial Group
This Bangkok Business PR News report highlights that both companies are positioning sustainability not just as a buzzword, but as the new blueprint for future-ready development. As Thailand’s property industry remains a powerful economic engine, its intensive energy use and environmental footprint have prompted leading players like Kiatnakin and SCG to recalibrate strategies toward more responsible practices.
Banking on Green Innovation
Mr. Surat Leelathaveewat, President of Business Lending and Corporate Lending at Kiatnakin Phatra Bank, noted that the shift to low-carbon development is essential in preserving long-term economic and environmental stability. He emphasized that while sustainability used to be a niche market trend, it has now become a strategic imperative. The bank is not only extending green loans but also stepping up as a financial advisor to help developers navigate the complex shift toward ESG compliance.
One of the most significant hurdles real estate developers face is the steep learning curve and high transition costs associated with sustainable practices. Kiatnakin aims to address this by offering advisory services and flexible financing solutions aligned with ESG frameworks, enabling developers to make the transition smoothly and profitably.
SCG Powers the Green Transition
Meanwhile, SCG is spearheading technological advancements in construction materials, reinforcing its commitment to Thailand’s and its own 2050 Net Zero targets. Mr. Wirote Panitpojaman, Chief Marketing Officer of Building Materials and Construction Materials Co., Ltd., reaffirmed SCG’s vision to develop low-carbon cement, concrete (CPAC), and other sustainable materials that reduce the environmental impact across all phases of a project’s lifecycle.
Among its innovations, SCG has launched products like Tiger Cement, energy-efficient Q-CON bricks, and solar-integrated roofing systems (SCG SOLAR ROOF), as well as ONNEX smart solutions that improve airflow, reduce energy use, and support healthier indoor environments. The KITCARBON platform, a notable digital innovation, allows developers to easily assess the carbon footprint of their projects and access Green Loans through Kiatnakin Bank.
A Model for a Greener Future
This collaboration is a powerful example of how financial institutions and industrial leaders can work together to accelerate climate action. By integrating sustainable finance with breakthrough construction technologies, the Kiatnakin-SCG partnership is building the foundation for a resilient, eco-conscious property sector in Thailand. Their shared mission is to inspire a broader transformation across the industry—one that values environmental stewardship as highly as profitability.
As more businesses embrace the shift to Net Zero, initiatives like this one will likely shape a new standard in real estate development—where sustainability is not just an option but a critical obligation.
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