AWC and SCB sign 20 billion baht

Editorial Staff

AWC and SCB sign 20 billion baht sustainability linked loan to integrate sustainability in mega project developments and strengthen Thailand as a global sustainable tourism destination

Asset World Corp Public Company Limited or AWC, Thailand’s leading integrated lifestyle real estate group, and Siam Commercial Bank(SCB) signed a sustainability linked loan and green loan valued at 20 billion baht to develop quality AWC mega projects.

The agreement sets a new benchmark and will strengthen the real estate and tourism industries in reducing resource consumption and promoting energy efficiency in all dimensions, while creating value for all stakeholders. The loans will also support various initiatives to improve marine resource sustainability and future social development while enhancing Thailand’s position as a global sustainable tourism destination.

Mr. Kris Chantanotoke, chief executive officer, Siam CommercialBank (SCB), said that "The continuous investment by AWC, the leading real estate group in the country, is further evidence that Thailand’s economy continues to improve.

SCB is aware of its role in driving sustainable development in all dimensions of Thai society, so we are delighted to provide 20 billion baht in sustainability linked loans and green loans for AWC.

This loan aims to assist in the development of new projects and further the sustainability efforts of AWC. It also aligns with the bank's environmental mission, together with businesses under the SCBX group, to achieve a net-zero commitment of greenhouse gas emissions from its own operations by 2030 and from lending and investments by 2050. .”

Mrs. Wallapa Traisorat, chief executive officer and president of Asset World Corp Public Company Limited (AWC), said that "AWC is very impressed with SCB’s commitment and the shared vision in sustainability by issuing Thailand's first Sustainability Linked Loan for the real estate industry last year and also promoting sustainable growth in every sector. AWC is delighted to be a part of SCB's efforts to strengthen the country's real estate and tourism industry.

The company is committed to developing high-quality projects that will become sustainable mega projects. These include Asiatique the Riverfront Destination, the sustainable landmark by the Chao Phraya River in Bangkok, Aquatique, the mega project in Pattaya City Center, Woeng Nakhon Kasem, the cultural heritage center in Chinatown, and Lannatique, the mega project to promote the charm of Lanna art and culture in Chiang Mai City Center. AWC believes that the development of these projects to become global sustainability destinations will support the country's strategy to become a leader in global sustainable tourism.