Bangkok, May 24- PTTEP joins hands with Krung Thai Bank to pilot a 1-year investment project to manage liquidity of PTTEP, linking carbon credits, for the first time in Thailand. Some of the rewards are used to buy quality carbon credits. Meeting the goal of reducing greenhouse gas emissions
Mr. Sumrit Samnang, Senior Executive Vice President Finance and Accounting Group, PTT Exploration and Production Public Company Limited (PTTEP), said PTTEP aims to achieve zero greenhouse gas emissions by 2050. (Net Zero Greenhouse Gas Emissions by 2050) as Thailand announced its intention at the COP26 meeting. The company manages petroleum exploration and production (E&P Portfolio), which is its core business. Including carrying out activities to reduce greenhouse gas emissions from the production process. and activities that offset greenhouse gas emissions such as reforestation and blue carbon projects, etc. In addition, financial management and maintaining a strong financial structure of the company. It is another way to help support that goal as well. Liquidity Management Investment of PTTEP This time, in addition to increasing the efficiency of liquidity management. can also use some of the return on investment to buy quality carbon credits Including investment in projects that support the management of greenhouse gas emissions in the future. It is regarded as the first time that financial innovation has been applied. To promote the goal of zero greenhouse gas emissions. This is another important part that will help support sustainable growth together.
Mr. Rawin Bunyanusas, Executive Vice President Capital Market Business Division, Krung Thai Bank, revealed that the Bank is committed to continuously developing capital market products and services. to meet the needs of both legal entities and investors in all dimensions Including the revolution in issuing private bonds in the form of digital bonds That allows investors to access to invest in bonds both in the primary market and in the secondary market thoroughly and equally. convenient and safe In addition, the service Financial risk management of juristic persons under the framework of sustainable development And this time, Krung Thai Bank has brought experience and expertise in investment management for the liquidity of the company. combined with the goal of sustainable growth Join hands with PTTEP Implementing a Carbon Credit Linked Investment Program to manage liquidity, which is a new record. The first time in Thailand that leading innovation in finance come to manage investment for customers to achieve the objectives of generating return on investment And meet the policy of reducing greenhouse gas emissions of the organization. The bank supports the procurement of additional carbon credits to PTTEP. If PTTEP can reduce greenhouse gas emissions according to the KPIs set by the bank. This is part of our contribution to achieving the country's carbon neutrality goals by 2050 and net zero emissions by 2065. Able to reduce greenhouse gas emissions according to key performance indicators (KPIs) set by the Bank This is part of our contribution to achieving the country's carbon neutrality goals by 2050 and net zero emissions by 2065. Able to reduce greenhouse gas emissions according to key performance indicators (KPIs) set by the Bank This is part of our contribution to achieving the country's carbon neutrality goals by 2050 and net zero emissions by 2065.
“This is another important step for Krungthai. and PTTEP have jointly created new financial innovations for the Thai money and capital markets. After the success of the country's investment revolution with Asia's first digital bond Ready to enter into derivative contracts to hedge financial risks. Based on sustainability performance (ESG-Linked Cross Currency Swap) for the first time in the country. This reflects our commitment to conducting business with regard to the environment. Society and Governance (ESG) reinforces the Bank's leadership in ESG Financial Solutions, which continues to develop financial products and services. That addresses the Sustainable Development (SDGs) of the United Nations (UN), especially SDGs No. 13 on dealing with climate change. It drives business and the country's economy to grow sustainably. according to the vision of Krungthai, side by side with Thailand towards sustainability” Mr. Rawin.-Thai News Agency
Source: Thai News Agency