More than simply a financial facilitator and service provider, the bank plays a proactive role in supporting clients who are looking todevelopsustainablebusinessmodels. These models createbenefits both for clients and societywithout compromising the bank’s bottom line. The bank offers ESG lending to customers in the form of green loans that promote financing to solar energy, biomass energy and wastemanagementprojects,aswell assustainability-linked loans with interest rates tied to the borrower’s sustainability performance, which is measured based on social or environmental criteria. Predetermined sustainability-related goals are set and companies that achieve these goals earn benefits such as reduced interest rates. SUSTAINABLE FINANCE Green loan TMB provided 690 million Baht of credit facilities to support Impact Solar Limited, one of Thailand’s leading solar rooftop solution providers, to construct and operate a 25MW solar-rooftop electricity system at Saha Phathana Industrial Park. This marked one of the first industrial-sized rooftop projects in Thailand. The solar power projects developed and operated by Impact Solar Limited provide commercial and industrial In addition, TMB further expanded green financing by providing 1.5 billion Baht of long-term green project finance to renewable electricity producer Constant Energy. The funding will be deployed to further expandConstant Energy’s sizeable portfolio of solar energy projects for leading C&I clients in Thailand. The deal represents one of our flagship transactions in renewable energy and one of the largest C&I deals in the ASEAN region in 2020. (C&I) off takers access to clean and reliable power at a significant discount to grid prices, improve reliability against grid interruptions, and allow customers to focus on core activities while meeting their carbon emissions reduction and sustainability targets. Given the increasing power requirementsof customers and thehighcost-saving potential these solar solutions offer, the market is expected to grow dynamically over the coming years. 690 million Baht of new credit facilities to a total of 25 MW of renewable energy projects in 2020 Green loans set up in 2020 totaled 2,540 million Baht, compared to 2020 target of 750 million Baht 31 Su s t a i n a b i l i t y Re po r t 2 0 2 0 I n t r odu c t i o n Cu s t ome r s En v i r o nme n t a l & So c i a l I mp a c t s Pe op l e Go v e r n a n c e App e nd i x
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