LH Bank launches “Green Deposit” product to support the transition to a low-carbon economy.
Mr. Qi Qing-Fu, Chief Executive Officer and Managing Director, Land and Houses Bank Public Company Limited or LH Bank (Fifth from the right) said that the bank is committed to developing financial solutions to support environmentally friendly business practices.
The bank has launched a Green Deposit product to finance environmentally friendly businesses, such as clean energy projects, green building projects, and businesses that reduce greenhouse gas emissions. The Green Deposit product is designed within the Sustainable Finance Framework, which encompasses green financing standards for sustainability.
With the Asian Development Bank (ADB) as advisor and independently evaluated and reviewed by TRIS Rating Company Limited, this green deposit product has been entrusted to Thai Airways Public Company Limited as a deposit customer for 500 million baht, reflecting a shared commitment to driving business that prioritizes environmental, social, and governance (ESG) factors.
Mr. Chai Eiamsiri, Chief Executive Officer, Thai Airways International Public Company Limited (Fourth from the right) stated that Thai Airways operates its business with a continuous awareness of the environmental impact of the aviation industry, aiming to improve operational processes in all aspects to reduce greenhouse gas emissions through various projects and activities.
Most recently, the company has chosen to use Green Deposit services with LH Bank, utilizing deposits to support environmentally friendly businesses. This marks another significant step in advancing the sustainable development (ESG) concept and enhancing liquidity management to maximize benefits and foster stable and sustainable long-term growth.
This occasion was honored by the presence of Ms. Cherdchom Teodsathirasak, Chief Financial Officer and Chief Accountant of Thai Airways International Public Company Limited (3rd from right), Ms. Christine Engstrom, Director General, Sectors Department 3, Asian Development Bank (ADB) (6th from right), and Mr. Sombat Chiwariyavej, Managing Director of TRIS Rating Company Limited (2nd from right), as witnesses at Thai Airways International Public Company Limited recently.
