CIMB Thai urges businesses to craft transition plans as carbon costs become trade conditions

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CIMB Thai Bank is urging Thai businesses to develop transition plans to cope with carbon pressure that is shifting from long-term goals into practical costs and trade conditions. Jason Lee, Head of Sustainability, stated that under NDC 3.0, Thailand aims to reduce net greenhouse gas emissions to 152 million tonnes of carbon dioxide equivalent by 2035, a 47 percent reduction from 2019, and to achieve net zero by 2050. Meanwhile, the European Union's CBAM took effect on 1 January 2026, making Thai producers' emissions data and carbon reduction capabilities critical for maintaining market access and trade terms. The bank is preparing to host The Cooler Earth Thailand 2026 on 3 August 2026 to exchange transition plan approaches and introduce the Sustainability360 Advisory Programme. Interested parties can register until 28 July 2026.

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Regulationrelevance

CIMB Thai is proactively helping businesses navigate carbon regulations (CBAM, NDC 3.0), positioning itself as a sustainability advisor and potentially attracting clients.