Thailand pressured to strengthen disclosure and taxonomy literacy as it plays catch-up on green finance

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Eco-Business 1d ago

Thailand pressured to strengthen disclosure and taxonomy literacy as it plays catch-up on green finance - Eco-Business

Quick Summary:

The Thailand Taxonomy, now under development, should be integrated into disclosure regulations and these reporting rules need to be made mandatory, say financiers and experts at the Unlocking capital for sustainability Thailand forum.

Another crucial step is for Thailand’s financial institutions to collaborate on accelerating sustainable finance across the industry, said UOB’s Wong.“There are banks with big oil and gas loan portfolios that [have not divested from fossil fuels], not because they are unwilling but because they do not even know where to start,” he said.

At the Unlocking capital for sustainability Thailand event, panellists agreed that Thailand needs to make sustainability-related disclsoures mandatory in order to boost green finance.