Krungsri aids Japanese corp. & multinationals with ESG investment

Bunsei Okubo, Head of JPC/MNC Banking, outlined Krungsri's commitment to assisting Japanese and multinational companies in achieving social and environmental sustainability through four key focuses this year.

Firstly, Krungsri aims to accelerate Thailand's ESG ecosystem by leveraging its expertise in ESG and collaborating with MUFG (Mitsubishi UFJ Financial Group) to offer sustainable financial solutions tailored to diverse customer demands, particularly in financial products. This includes the launch of Sustainable Deposit, a fixed deposit account dedicated to funding social and sustainability activities, aligning with Thailand’s sustainability mission.

Secondly, Krungsri seeks to expand collaboration within the startup ecosystem by extending partnerships with Lao PDR and Vietnam to promote digital innovations, products, and services beneficial to society and communities in Thailand and across ASEAN. Building on the success of the Japan-ASEAN Startup Business Matching from last year, this initiative aims to broaden customers' reach to international stages, attract investors, create jobs, and contribute to sustainable development efforts.

Thirdly, Krungsri aims to accommodate the expansion of East Asian multinationals into Thailand by leveraging favorable fundamentals and factors, including large-scale infrastructure and investment privileges. In collaboration with MUFG, Krungsri will provide advisory services and assist East Asian multinationals in establishing their presence in Thailand, particularly companies from China, Taiwan, Hong Kong, and South Korea.

Finally, Krungsri is enhancing its "Krungsri ASEAN LINK" business advisory service to bolster ASEAN connectivity. Leveraging its knowledge and synergies with MUFG's network covering nine ASEAN countries (such as Danamon Bank in Indonesia, VietinBank in Vietnam, and Security Bank in the Philippines), Krungsri will provide an integrated advisory service to customers seeking to expand into ASEAN. This service encompasses initial steps like land surveys, general information, and regulatory requirements, leading up to business establishment and operations. Additionally, a seminar and business matching event are planned for this year in collaboration with partner banks to facilitate information exchange and present expansion opportunities for interested parties looking to venture into ASEAN markets.