The Bank of Thailand (BOT) is accelerating the issuance of standards to classify economic activities based on their environmental impact.
The Thailand Taxonomy standards are aimed at aiding green financing as companies transition to the government’s BCG (Bio-Circular-Green) economic model for sustainable development. It will also help combat the increasing effects of global climate change. Furthermore, the Thailand Taxonomy will enable financial institutions to manage environmental risks and offer businesses loans and other financial services to make their operations eco-friendly.
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