Supalai Public Company Limited, a leading real estate developer in Thailand, is advancing its efforts to drive business towards sustainability by partnering with Krung Thai Bank Public Company Limited to sign a Sustainability-Linked Loan (SLL) agreement worth 2.24 billion baht. This funding will support the development of two condominium and horizontal projects, aligning business operations with ESG frameworks while enhancing environmental management and strengthening long-term business sustainability.

Ms. Siriporn Wangsapha, Assistant Managing Director of Accounting and Finance at Supalai Public Company Limited, stated that this collaboration marks a significant step for Supalai in integrating business strategies with sustainability goals. The focus is on developing residential projects that are energy-efficient, utilize resources wisely, and increase green spaces to enhance the quality of life for residents while reducing environmental impact. The company aims to achieve carbon neutrality by 2050 to support national and international sustainable development goals.

The loan will be used to develop two projects valued at a total of 2.24 billion baht, including the Supalai Loft Thapra Interchange condominium project located in a prime area of Thonburi, just 150 meters from the MRT Thapra station.

Additionally, the Supalai Palm Springs Bangna-Sriwalee horizontal project features two-story single-family homes in a new series called Romantic Charm. Both projects are designed under the Green Living concept to cater to diverse lifestyles, allowing customers to benefit from energy-efficient living that reduces long-term costs and enhances their quality of life, in line with Supalai's commitment to prioritizing quality of life alongside environmental sustainability.

The structure of the Sustainability-Linked Loan is linked to sustainability indicators, including ESG assessment results and greenhouse gas emission reductions, enabling the company to continuously monitor and enhance its operations. This aligns with Supalai's direction of developing quality real estate while minimizing environmental impact. Furthermore, the financial support from Krung Thai Bank reflects confidence in the company's potential for stable growth alongside social and environmental responsibility.

Mr. Thitiphan Wiboonjan, Executive of Large Business Division 2 at Krung Thai Bank, stated that the bank is ready to be a financial partner in driving sustainable business growth by developing Sustainable Finance Solutions to help clients align their business goals with ESG objectives through clear and measurable financial instruments. For this SLL, the indicators include FTSE Russell ESG Scores and targets for reducing greenhouse gas emissions in Scope 1 and Scope 2, supporting the integration of ESG operations with long-term business growth.

“This collaboration is another significant step for Krung Thai in serving as a Transition Partner for the real estate sector, which is crucial for urban development, quality of life, and long-term resource use. The bank is ready to leverage its financial institution's capabilities to support businesses in transitioning to a green economy systematically, in line with the United Nations Sustainable Development Goals (SDGs) related to climate change. This reflects Krung Thai Bank's mission to create 'Bold Steps Towards Sustainability' alongside its clients, under the concept of 60 Years of Krung Thai, Every Step for a Million Futures.”

Supalai Public Company Limited believes that this collaboration reflects its approach to concretely driving financial mechanisms for sustainability while raising the standards of real estate development in Thailand to align with the transition towards a low-carbon economy and fostering stable growth alongside social and environmental responsibility in the long term.