In today’s real estate development, success is no longer defined solely by architectural grandeur or financial performance. A new challenge has emerged—one centered on sustainability and the creation of an ecosystem where people, businesses, and nature can thrive together in harmony.

Singha Estate Public Company Limited, as an international real estate developer, is committed to going beyond the role of a space provider. The company positions itself as a “creative partner”, actively driving positive societal change under the belief that small, collective actions by every tenant can create powerful ripples—capable of shaping a more sustainable future for the world.

Awarding Partners Who Drive the World Forward

Recently, Singha Estate Public Company Limited presented certificates and awards under the campaign “Green Synergy, Green Tenant of the Year 2025 Award”, honoring tenants across Singha Estate’s office buildings who have become part of its growing green community. The awards recognized outstanding performance aligned with global sustainability standards, positioning each recipient as a role model that continues to inspire others.

The 2025 award recipients include:

  • Energy of the Year 2025: Panasonic Factory Solutions Integration Systems (Thailand) Co., Ltd. from SINGHA COMPLEX, recognized for their excellence in waste management and energy-saving initiatives.
  • Tower of the Year 2025: Sukhumvit Asset Management Co., Ltd. from SUNTOWERS, honored for their impactful waste management projects.
  • ESG of the Year 2025: Asset Five Group Public Company Limited at S-OASIS, awarded for their successful energy reduction initiatives.

In addition, Singha Estate awarded certificates to organizations that actively participated in sustainability workshops and knowledge-sharing networks. Every recognition symbolized shared success among partners who choose to “Go Green Together, Change Tomorrow”—laying the foundation for a better, more sustainable future.

When Green Collaboration Becomes the Heart of Sustainability

Singha Estate’s sustainability journey did not begin overnight. Since 2019, the company has consistently advanced its mission through the “Go Green Together, Change Tomorrow” initiative—serving as a strategic compass for environmental operations.

Designed to encourage engagement across all stakeholders—including employees, partners, vendors, and office tenants—the initiative reflects Singha Estate’s firm belief that achieving Carbon Neutrality by 2030 requires collective action. True progress, the company believes, can only be realized through “Green Collaboration.”

“As a developer and office building manager, Singha Estate recognizes the urgency of reducing carbon emissions and operating sustainably,” said Oranee Poonkwan, CEO of Retail Business Development and Commerce at Singha Estate Public Company Limited.
“Through the ‘Go Green Together, Change Tomorrow’ initiative and the ‘Green Synergy, Green Tenant of the Year 2025 Award,’ we aim to foster collaboration with our tenants—empowering them to actively participate in driving tangible environmental change and to share a common goal of long-term carbon reduction and sustainable work environments.”

At the core of this strategy lies a fundamental shift—from a traditional buyer-seller relationship to a model of true green partnership. Singha Estate identified untapped potential within its four flagship office buildings—S-OASIS, SINGHA COMPLEX, SUNTOWERS, and S-METRO—and launched the Tenant Green Synergy collaboration to unlock it.

Through knowledge-sharing and hands-on support, tenants are empowered to realize the impact of everyday actions—whether switching to LED lighting, implementing waste separation at the source, or creating healthier work environments that support employee well-being. These small but meaningful changes play a critical role in easing the planet’s burden.

Throughout the program, Singha Estate partnered with the Thailand Greenhouse Gas Management Organization (TGO) and Terra BKK, a leading real estate research and consultancy firm, to deliver workshops that equipped tenants with practical environmental knowledge.

To ensure measurable impact, Singha Estate also established a powerful linkage: every ton of carbon emissions reduced is offset by planting 10 trees at Singha Park in Chiang Rai. This initiative bridges urban workplaces with expansive green forests—demonstrating that every tenant’s effort produces tangible, lasting results.

 

A New Business Compass: Turning Carbon Tax into a Green Opportunity

The award ceremony also featured a keynote session by Ms. Sumitra Wongphakdee, Managing Director of Terra Media and Consulting Co., Ltd. (Terra BKK), who shared critical insights on carbon tax—a regulatory reality that organizations worldwide will soon face.

Ms. Sumitra emphasized that carbon tax should not be viewed merely as an added cost, but rather as a “golden opportunity” for organizations that prepare ahead of the curve.

Carbon tax operates on the principle of “the polluter pays,” imposing fees on carbon dioxide emissions—reaching rates as high as 30% in some countries. In Thailand, the draft Climate Change Act is expected to take effect within the next 1–2 years, beginning with the energy sector before expanding to other industries.

Notably, businesses that transition to clean energy sources will largely avoid the carbon tax burden—allowing them to maintain competitiveness while reducing production cost.

“Carbon tax is no longer a distant issue—it is a global mandate that Thailand must adapt to,” Ms. Sumitra stated.
“If organizations do not begin collecting greenhouse gas data today, they will have no proof of their carbon reduction efforts over the past one to two years. This data will become a critical asset—helping reduce tax burdens and build long-term competitive advantage.”

Systematic data collection—covering electricity consumption, fuel usage, and even executive travel distances—enables organizations to accurately calculate their carbon footprint through recognized emission factors. Starting early allows businesses to identify inefficiencies, close operational gaps, and integrate sustainability into organizational KPIs.

Consumer behavior is also rapidly evolving. Research shows that when prices are comparable, consumers consistently choose environmentally friendly products—and many are willing to pay 10–15% more for products that demonstrate genuine sustainability. Investing in sustainability is no longer a cost—it is a value creation strategy that resonates with modern consumers.

Moving Forward, Together

The success of the “Go Green Together, Change Tomorrow” initiative and the “Green Synergy, Green Tenant of the Year 2025 Award” marks only the beginning of a longer, more resilient journey.

Singha Estate remains steadfast in its commitment to advancing sustainability hand in hand with its partners—guided by the belief that when we change tomorrow together, the future we envision becomes achievable today.