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KASIKORNBANK (KBank) reaffirmed its role as a regional leader in environmental finance by participating in the 30th Conference of the Parties to the United Nations Framework Convention on Climate Change (COP30), November 10–21, 2025, Belém, Federative Republic of Brazil. At the conference, KBank’s executives shared their vision, perspectives, and experience in climate finance, as well as insights into developing next-generation carbon market infrastructure, on the Thai Pavilion stage. Their discussions covered three key topics: the application of blockchain in issuing carbon credit tokens to advance the carbon credit market; driving the green economy through public–private collaboration; and the development of Carbon Accounting 2.0. This marks the third consecutive year that KBank has participated as a representative of the Thai private sector.
Dr. Karin Boonlertvanich, KBank Executive Vice President, joined a panel discussion on “Tokenization: Decentralizing Carbon Markets,” where he presented the Bank’s pilot project on converting carbon credits into digital tokens. The initiative leverages blockchain to enhance efficiency and transparency in carbon credit trading and offset processes, while reducing transaction costs. The tokenization model also expands opportunities for the general public to participate in carbon credit trading and serves as a foundational infrastructure to support future transactions in the upcoming mandatory carbon market. Moreover, it aims to help position Thailand as a regional hub for carbon credit trading.
He also joined a panel discussion on “Driving Systems Change through Climate Public–Private Partnerships (PPP)”, emphasizing the importance of systemic collaboration among the public sector, private sector, and civil society to advance effective climate action. Discussions ranged from UNFCCC’s global perspective on resource mobilization to examples of collaborative initiatives in Thailand in which KBank plays a key role. These include the Thailand Climate Business Network (ThaiCBN) – a coalition of 34 organizations across four sectors, namely government and state enterprises, the private sector, academia, and financial institutions – working together to promote integrated climate management; and the Net Zero CEO Program, a senior-executive course co-developed by KBank and the Carbon Institute for Sustainability (CBiS) to strengthen leadership capacity for steering businesses towards sustainable low-carbon operations.
Meanwhile, Dr. Wichai Narongwanich, First Senior Vice President of KBank, participated in a panel on “Carbon Accounting 2.0: Accelerating Transparency and Trust on the Road to Net Zero 2050”. He presented an integrated approach combining policy frameworks, data infrastructure, business technology, and social engagement to develop a “next-generation carbon accounting system” that boosts credibility, transparency, and broad stakeholder participation. Such a system is essential for enabling Thailand to achieve Net Zero by 2050 in a robust and sustainable manner. For an example from the financial sector, Dr. Wichai mentioned KBank’s 2025 sustainability strategy, which focuses on developing responsible lending and investment
systems through proactive risk management and comprehensive ESG assessments, while also pushing for ESG loans and investments to achieve a target of 400-500 billion Baht by 2030. Furthermore, the Bank supports its customers in transitioning to low-carbon businesses through continuous financial solutions, knowledge, and innovation, all of which require transparent data for risk-based decision-making and responsible lending. Therefore, developing a data platform and carbon accounting infrastructure is crucial to helping both Thailand’s business sector and financial system move towards a stable and sustainable low-carbon economy in the long term.
Dr. Karin concluded that participating in COP30 reflects KBank’s commitment to elevating Thailand’s financial system towards sustainability through climate solutions and advancing climate innovation, while building systemic collaboration with domestic and international organizations. This is under the goal of becoming the “most comprehensive climate solution provider,” going “beyond financial support” to sustainably enhance customers’ long-term business competitiveness, and steadily and concretely foster Thailand’s Net Zero target.