Siam Commercial Bank Exceeds Sustainable Finance Goal Ahead of Schedule
Siam Commercial Bank (SCB), Thailand’s oldest bank, has surpassed its sustainable finance target well ahead of its 2025 deadline, achieving this milestone in just two and a half years. The bank announced in July 2025 that it has disbursed over $5.53 billion (THB180 billion) between 2023 and mid-2025, exceeding its original three-year goal of roughly $4.6 billion (THB150 billion).
SCB CEO Kris Chantanotoke attributed this success to strategic action plans focused on three key areas:
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Defining sectoral decarbonization strategies.
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Developing sustainability-aligned financial products, such as loans and bonds with interest rates tied to borrowers’ sustainability performance.
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Acting as a sustainability partner, collaborating with various industries to share knowledge, offer consultations, and provide technical recommendations.
The bank initially prioritized four industries crucial to Thailand’s net-zero transition: commercial real estate, renewable energy, electric vehicles and their ecosystems, and the petroleum and chemical sectors. These four industries have consistently represented the largest share of SCB’s sustainable credit portfolio over the past two years.
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