Search Results for: sustainability
- Finance
GIT unveils plan to elevate Thailand’s gem and jewellery industry through sustainability
The Gem and Jewellery Institute of Thailand, or GIT, unveiled its plan to accelerate the adoption of sustainability standards aimed at strengthening Thailand’s gem and jewellery industry. The initiative promotes good governance, transparency, and traceability across the supply chain, establishing international benchmarks that build confidence among global buyers and leading brands. The move aligns with the expanding global gem and…
- Bangkok News
Bangkok hosts ASEAN’s biggest sustainability expo
Southeast Asia’s largest sustainability expo kicked off in Bangkok, bringing together global changemakers to tackle health, food, and housing challenges. The Sustainability Expo 2025 (SX2025), the largest sustainability event in Southeast Asia, opened its doors yesterday, September 26, at Bangkok’s Queen Sirikit National Convention Centre. The 10-day event, running until October 5, serves as a regional platform for innovation, inspiration,…
- Thailand Hotels
PHIST 2025 draws 1,300 delegates as Phuket Governor and Minor Chairman call For community-led sustainability
Asia’s biggest sustainability event for tourism, PHIST 2025, broke records today with over 1,300 delegates from across the region as government and business leaders warned the hospitality industry to act fast on integrating community-driven sustainability into travel and tourism experiences to appeal to a new generation of visitors. Hotels and tourism operators need to engage with local communities to enrich…
- Thailand News
Phu Kradueng cable car sparks sustainability fears
The proposed cable car project in Phu Kradueng National Park, Loei province, has once again been thrust into the spotlight, with questions being raised about its compliance with sustainable development objectives. Opponents argue that the project exemplifies a trend of government-supported large-scale initiatives that could exploit natural resources under the guise of tourism growth. The issue re-emerged late last month…
- Business News
Thailand’s central bank launches phase two of sustainability framework
Thailand’s central bank is advancing its commitment to sustainability with the introduction of phase two of the Thailand Taxonomy, a strategic framework designed to guide banks and local businesses towards environmentally sustainable practices. This initiative, spearheaded by the Bank of Thailand, seeks to standardise the transition to sustainable operations across various sectors. The Thailand Taxonomy Board has unveiled a draft…
- Thailand News
Thailand ports embrace solar power for sustainability
The Port Authority of Thailand (PAT) took a significant step towards sustainability by installing solar rooftops at its ports, marking the move towards establishing green ports. These rooftops are anticipated to generate 5 million kilowatt-hours (kWh) of solar energy each year, contributing to Thailand’s environmental goals. Deputy Transport Minister Manaporn Charoensri highlighted the global imperative for environmental responsibility, noting that…
- Business News
Thailand to launch 130 billion baht sustainability-linked bonds for 2025
The Public Debt Management Office (PDMO) is gearing up to introduce a sustainability-linked bond (SLB) valued at 130 billion baht for the fiscal year 2025. This move aligns with the country’s commitment to reducing carbon emissions and promoting the use of electric vehicles (EVs). An initial release of bonds worth 20 to 30 billion baht (US$588 to 882 million) is…
- Business News
CIMB Thai Bank targets 200 billion baht in sustainability loans
CIMB Thai Bank (CIMBT) aims to capitalise on the burgeoning demand for sustainability-linked loans, projected to be worth 200 billion baht (US$6 billion) among major local corporate clients within the next two years, particularly targeting the oil, gas, and energy sectors. Jason Lee, CIMBT’s head of sustainability, projects that around 300 large Thai corporations will seek transition financing over this…
- Bangkok News
Sustainability expo 2024 opens in Bangkok, urgent action needed
Immediate action is necessary for sustainability, warns Sumet Tantivejkul, secretary-general of the Chaipattana Foundation. Speaking at the opening ceremony of Sustainability Expo 2024 (SX2024) yesterday in Bangkok, he highlighted the urgency of change as emphasised by the sufficiency economy theory of King Bhumibol Adulyadej The Great King Rama IX. Sumet elaborated on the theory, noting that while it originally seemed…
- Events
Thailand’s tourism industry urged to embrace global sustainability standards
The Tourism Authority of Thailand (TAT) in partnership with leading international sustainable tourism organisations, yesterday, September 26 hosted a high-impact seminar titled Action Alert! Accelerating Towards Sustainable Tourism in Thailand at the Avani+ Riverside Hotel, Bangkok. The event was organised to help Thai tourism businesses prepare for the impending environmental regulations set by the European Union, which are expected to…
- Environment News
PEA launches first sustainability bond worth 1 billion baht
The Provincial Electricity Authority (PEA) announced the successful launch of its first sustainability bond, marking a significant step towards its green finance goals and that of Thailand. PEA Governor Supachai Ek-Un, along with representatives from the Public Debt Management Office (PDMO), Asian Development Bank (ADB), Bangkok Bank, DNV (Thailand), and Thai Bond Market Association, held a press conference yesterday, August…
- Events
Leading international and Thai green advocates headline Asia’s leading sustainability tourism event, PHIST 2024
One of the world’s most inspirational green advocates will headline PHIST this year as Asia’s pioneering sustainability event enters its 8th year. You can register to join the event that advocates for sustainability through the Eventbrite registration website. Unsung hero of sustainability Andrew Dixon, a former banker turned green activist, owner and operator of two private island resorts in Indonesian…
- Business News
Thailand’s walking tourism boosts local culture, sustainability
Walking tourism is increasingly popular as travellers seek to immerse themselves in local cultures and explore neighbourhoods more intimately. The United Nations Tourism Organisation (UNWTO) notes that walking tourism fosters a deeper connection with local communities, nature, and culture. This growing trend aligns with the global push for sustainable tourism and satisfies the rising demand for outdoor activities. However, the…
- Thailand Hotels
Pullman Phuket Panwa Beach Resort puts sustainability at its heart
The term sustainability is often thrown around as a buzzword in the hospitality industry, but at Pullman Phuket Panwa Beach Resort, it’s genuinely part of their mission. Located in Makham Bay, just south of Phuket Town, the beautiful resort puts sustainable practices into action that benefit both the environment and the local community through their EcoHarmony Initiative. In fact, their…
- Thailand News
Sustainability needs more than ESG compliance, says expert
Achieving sustainability requires more than just adherence to environmental, social, and governance (ESG) principles, according to Rajeev Peshawaria, CEO of Stewardship Asia Centre. Speaking at a conference in Bangkok this week, Peshawaria emphasised that a genuine desire for a better future is crucial. The ESG framework, which has been around since the 1990s, is proving effective in some areas but…
- Thailand News
Four Points by Sheraton drives sustainability forward with installation of EV charging stations
Four Points by Sheraton Phuket Patong Beach Resort, the award-winning resort nestled just steps from the Andaman Sea, has completed the installation of a series of new electric vehicle (EV) charging stations in its parking lot. This forms part of the hotel’s mission to create a cleaner, greener future for Phuket. This is just the latest example of how the…
- Guides
Circular economy in Thailand: An innovative approach to sustainability
Thailand is advancing its commitment to sustainability by embracing circular economy principles to reduce waste and enhance recycling. Recent collaborations in Thailand showcase the potential of a circular economy. For instance, a partnership with Thai Beverage Can Company Limited collected 45 metric tonnes of post-consumption packaging, while another initiative with SCG Chemicals expanded plastic packaging recycling efforts across multiple buildings.…
- Business News
Thailand to issue US$1.1 billion sustainability-linked bonds
Thailand will issue up to US$1.1 billion (40 billion baht) in baht-denominated sustainability-linked bonds (SLBs) in the coming months, marking the first such offering by an Asian government. This initiative aims to address both the nation’s budget deficit and its environmental commitments. According to the public debt advisor at the Ministry of Finance, Jindarat Viriyataveekul, the proceeds from the bond…
- Automotive
The future of fuel in Thailand: Innovating for sustainability
Thailand is undergoing a pivotal transformation in energy production, transitioning from fossil fuels to innovative and sustainable alternatives. Over the past four decades, the energy landscape has seen considerable evolution, featuring significant measures such as the adoption of ethanol and biodiesel blends. These initiatives have established Thailand as a regional leader in renewable energy. Exploring alternative fuel options Biofuels Biofuels…
- Digital Marketing
Sustainability & ethics in digital marketing
In the contemporary digital landscape, the amalgamation of sustainability and ethics within digital marketing transcends mere trendiness, evolving into an indispensable paradigm. As a marketer with a vision for the future, it is imperative to recognize that your strategic initiatives wield significant influence on environmental stewardship. The moment has arrived to examine how digital marketing can catalyze positive change, advocating…
- Business News
Thai automotive industry urged to embrace sustainability
Emphasising the necessity for sustainability and clean energy, the Thai automotive industry is being encouraged to swiftly adapt to new global regulations. Furthermore, the industry is advised to utilise free trade agreements (FTAs) to enhance its competitive stance. Following a meeting with the Thai Automotive Industry Association (TAIA) and the Automotive Industry Club of the Federation of Thai Industries (FTI)…
- Business News
Carabao Group earns spot in Sustainability Yearbook 2024
The Carabao Group gained recognition for its superior sustainable business practices, earning a place in The Sustainability Yearbook 2024. This accomplishment highlights the company’s vision of World Class Product, World Class Brand, demonstrating its exemplary sustainable management across environmental, social, and corporate governance (ESG) areas. Out of over 9,400 participants in the S&P Corporate Sustainability Assessment (CSA) for the year…
- Thailand News
Government’s digital wallet scheme delayed amid sustainability concerns
A seven-month delay is set to affect the government’s digital wallet scheme, with the expected launch now projected around September of next year, according to an adviser to the prime minister. Pichai Chunhavajira, while addressing a Senate-organised forum on the scheme, voiced that the policy is a vital economic stimulant but doubted its implementation in February as initially planned. The…
- Business News
Thai CEOs discuss sustainability’s key role in supply chain survival at SX2023
The Sustainability Expo 2023 (SX2023) has illuminated the essential role of sustainability in successful supply chain networks. The Thailand Supply Chain Network (TSCN) Business Partners Conference, also known as the TSCN CEO Panel, took place at the Queen Sirikit National Convention Center as part of the ongoing expo. The key topic of discussion was the self-application of sustainable practices for…
- Business News
BlackRock eyes Thai clean energy and sustainability bonds for investment
Global asset management giant, BlackRock Inc, with a staggering total of US$9.43 trillion worth of assets under its belt, has set its sights on expanding its business horizons in Thailand. The company is particularly interested in investing in the Thai government’s Sustainability Linked Bonds and the country’s clean energy sector, according to a statement by government spokesperson Chai Wacharonke. The…
- Thailand News
Bangkok’s Khlong Toei to host ASEAN’s largest sustainability expo in 2023
Experience the heart of sustainability in Bangkok’s Khlong Toei District: SX 2023, ASEAN’s premier gathering. Mark your calendar for a journey to the future of sustainability, as the spectacular Sustainability Expo 2023 (SX 2023) unfolds at the Prestigious Queen Sirikit National Convention Center (QSNCC) from September 29 to October 8. SX 2023’s director, Tongjai Thanachanan, briefed the press about the…
- Education
Dusit Thani College shares ideas and knowledge on sustainability for service businesses at PHIST 2023
Dusit Thani College, Thailand’s leading hospitality education institution under the Dusit Thani Hotel Group, has annually participated in the PHIST or Phuket Hotels for Islands Sustaining Tourism event, which this year was recently held at SAii Laguna Phuket Hotel. PHIST is an innovative event rallying the hotel industry and its stakeholders to discuss environmental sustainability and community benefits. It is…
- World News
AEC meeting to discuss digital economy and sustainability for ASEAN
The ASEAN Economic Council (AEC) meeting, set to take place in Jakarta, Indonesia, will be attended by Thai representatives, the objective being the discussion of the Digital Economic Framework Agreement (DEFA) progress. The upcoming 43rd ASEAN Summit’s preparations will also be a focal point in the discussions. Director-General of the Department of Trade Negotiations, Auramon Supthaweethum, shared with the press…
- Business News
Sustainability investment doubled by Thai union to benefit oceans and communities
Unrelenting in his pursuit of sustainability, Thiraphong Chansiri, CEO of Thai Union Group PCL, a dominant player in the global seafood manufacturing scene, divulged pivotal advancements in the company’s ecological strategy. Always at the forefront of advocating sustainable business practices, Thiraphong explained the profound pressure on our oceans, harbouring the livelihood and sustenance of up to 600 million people, particularly…
- Phuket News
Phuket vies for hosting Specialised Expo 2028, promising sustainability and harmony
The world awaits the anticipated announcement on Wednesday (June 21), revealing which country has been chosen to host the prestigious Specialised Expo 2028. Among the five finalists is Phuket, Thailand, fuelling great expectations for the nation in this international competition. The Bureau International des Expositions (BIE) oversees the selection process for the honour of organising the Specialised Expo 2028. The…
