• A significant strategic collaboration that shakes the Thai real estate and financial sectors, as Sansiri Public Company Limited (<\/strong><\/span>SIRI)<\/span><\/strong> , a leader in sustainability in the housing sector, joins forces with Kasikornbank (<\/strong><\/span>KBank)<\/span><\/strong> , a leading financial institution driving green funding. <\/span>
  • Announcing the success of revolutionizing “Comprehensive Green Real Estate in 3 Dimensions” (<\/span><\/strong>Green Loan – Green Bond – Green Retail Loan)<\/span><\/strong> that covers everything from project development in the capital market to consumer loans. <\/span>
  • Aiming to reinforce the transition from “vision” to “real action” to concretely meet the new standards of Thailand Taxonomy <\/span>as the first in Thailand. <\/span>

Mr. Uthai Uthaisangkhuk, CEO of Sansiri Public Company Limited, <\/span><\/strong>stated, “Sansiri is well aware that long-term sustainability cannot grow in isolation. We are a Fast Mover <\/span>and Connector <\/span>in linking the entire Green Ecosystem. <\/span> This collaboration with Kasikornbank is proof that our green competitive capability is tangible on an international level. Sansiri did not start this initiative when the criteria were announced; we have embedded sustainability into our thinking and design processes (Sansiri Sustainable Design) <\/span> all along, with the Thailand Taxonomy <\/span>serving as a “catalyst” and “certification” that has made us the first real estate company in Thailand to receive a Green Loan <\/span><\/strong> and the first in the residential sector to issue a <\/span><\/strong>Green Bond (<\/span><\/strong>green bond)<\/span><\/strong>, certified by an international evaluator like Bureau Veritas <\/span>to develop low-carbon projects specifically.” <\/span>

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Ms. Kattiya Indaravijaya, CEO of Kasikornbank, <\/span><\/strong>said, “In a world with new rules, pursuing sustainability is not just an advantage; it is a license to operate. The financial sector acts as a crucial engine that accelerates businesses' transitions. Kasikornbank is committed to guiding customers and partners towards comprehensive funding, tools, knowledge, and climate solutions. Partnering with Sansiri as a leader in the real estate supply chain will serve as a model that reflects the application of <\/strong>Thailand Taxonomy <\/span><\/strong>as a tool for assessing real projects, helping organizations that adapt to gain an advantage in accessing lower-cost funding (<\/span><\/strong>Green Financing) <\/span><\/strong>and pushing both large businesses and <\/span><\/strong>SMEs <\/span><\/strong>in the supply chain to overcome challenges and grow together towards sustainable <\/span><\/strong>Net Zero.” <\/span><\/strong>

The collaboration to drive “Comprehensive Green Real Estate in 3 Dimensions <\/strong><\/span>” between Sansiri and Kasikornbank includes tangible outcomes as follows: <\/span>

  1. Green Bond<\/span><\/strong> : The first green capital market for Thai housing. Sansiri is the first real estate developer to issue a Green Bond <\/span>, with Kasikornbank managing the distribution of bonds for housing projects designed according to international sustainability standards, raising funds to develop the first low-carbon project in the Sarasin area, systematically linking the capital market with environmentally-focused project development. <\/span>
  2. Green Project Loan<\/span><\/strong> : Elevating green infrastructure standards. Kasikornbank approved a green project development loan worth 4 billion baht <\/span>for Sansiri for 3 <\/span>model condominium projects that meet the stringent Thailand Taxonomy <\/span>criteria in construction and real estate, measured by the carbon emission intensity of buildings (Carbon Emission Intensity) <\/span> certified by Bureau Veritas <\/span>, ensuring consumers that Sansiri's condos can save energy by <\/span>25 – 35% <\/span><\/strong>, turning abstract environmental issues into real cost savings, with plans to expand green finance collaboration to new projects worth over 2 billion baht. <\/span>
  3. Green Retail Loan<\/span><\/strong> : Injecting benefits of “green home loans” to consumers. Transferring sustainability benefits from the project level (green project development loans) to consumers comprehensively, Kasikornbank offers special terms with a low interest rate of just 1.50% <\/span><\/strong> for the first year and a promotion of free mortgage fees up to <\/strong>200,000 <\/span><\/strong>baht <\/span>** <\/span> covering over 100 <\/span>green housing projects by Sansiri nationwide, encouraging consumers to participate in carbon reduction by choosing energy-efficient housing (applications and loan submissions from July 1, 2023 – September 30, 2023, and mortgages by October 31, 2023). <\/span>

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“For Sansiri, the Thailand Taxonomy <\/span>is not just about compliance or merely passing a checklist; we employ a core strategy in sustainability, 3 Green Framework (Green Procurement, Green Construction, Green Architecture & Design)<\/span><\/strong> in collaboration with over 4,000 <\/span>partners and suppliers to create a full competitive advantage, both in terms of locking in financial costs early and responding to the trends of modern consumers (Gen Y <\/span>and <\/span>Gen Z) <\/span>looking for sustainable and valuable homes. This initiative is a Multiplier Effect <\/span>that drives all partners to systematically and sustainably move towards the Net-Zero <\/span>goal together,” <\/span>Mr. Uthai said. <\/span>

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The collaboration between Sansiri and Kasikornbank not only elevates the standard of Thai real estate development to an international level but also serves as a crucial driving force demonstrating that “real action” can generate business returns alongside genuine environmental sustainability.