Bangkok: Launching ‘EARTH JUMP 2025’, Kasikornbank joins forces with all sectors to suggest strategies to cope with global warming, supporting businesses to take real action towards sustainability, emphasizing Thailand as the leader in driving in ASEAN.
According to Thai News Agency, Kasikornbank, together with government agencies and private sectors, organized EARTH JUMP 2025, gathering world-class and national experts and businesspeople to provide strategic guidelines and knowledge, and update environmental information to cope with the fluctuations that occur. The first day contained many interesting contents, such as: The world will experience economic and social volatility, but the drive for sustainability will continue. Thailand is a leader in driving Taxonomy in ASEAN, and the government is pushing for the Climate Change Act next year. As for the private sector, it is still determined to continue this issue, but it needs support from the government, such as clarity in policies and regulations, as well as sources of funding, which are important factors. There is also a case study of China, which successfully used Taxonomy to solve environmental problems, and a case study from Denmark, which was able to reduce greenhouse gas emissions while growing its e
conomy by almost 80%. In addition, there are perspectives and updated information on the environment that all sectors agree must continue to move forward because these are the rules of the business game in the new world.
Dr. Pirun Saiyasitpanich, Director-General of the Department of Climate Change and Environment, revealed that the new environmental world order without America as the center, many countries are starting to play a bigger role. In Thailand, the government is pushing for the Climate Change Act next year to enforce and support the transition to carbon neutrality and net zero greenhouse gas emissions. There are mandatory measures to create mutual benefits with the carbon price mechanism, such as 1. Emission Trading System (ETS) to enforce the reduction of carbon emissions from sources. 2. Starting to collect Carbon Tax in some businesses, such as the oil industry. In addition, there are measures to support by establishing a Climate Fund, which is a large fund to support the transition of the public sector. The government sector must not only Talk the Talk, but must also Walk the Walk to be a model of success in implementing a plan that is truly effective, including being ready to receive feedback from the private
sector to further develop into supportive and assistance policies. Although there are some obstacles and limitations from the law, the government sector must respond as quickly as possible.
Ms. Kattiya Indaravijaya, Chief Executive Officer of Kasikornbank, revealed that in today’s world of constant ‘volatility’, we face many challenges and pressures, such as US policies, geopolitical conflicts, slowing economic growth, the advent of AI, and most importantly, climate change, which has led to disasters from the continuous warming of the global temperature. To cope with this, there are 3 important strategies that must be followed: 1. Health Check: Check your own health first to see how much greenhouse gas you are currently emitting. 2. Commit: Set a goal for how much you will reduce and in which year. 3. Solution: Find ways and tools to reduce greenhouse gas emissions according to the set target. Kasikornbank not only sets a goal to reduce its own greenhouse gas emissions, but is also committed to helping customers transition to Net Zero together by creating K-Climate Solutions, which covers the entire ecosystem to lead to a sustainable ecosystem for Thailand.
There are also interesting points from EARTH JUMP 2025, where the world is still moving forward on the environment amidst the changes that are happening, but may be moving more slowly. Representatives of the Thai business sector believe that the private sector is still determined to move forward according to the original Roadmap, but needs support from the government, such as clarity of policies and regulations, including sources of funding, which are important factors in the transition. In addition, support for knowledge is important. It must be seen that this is an opportunity for business, because if the change does not generate income, no one will want to do it.
Thailand is a leader in driving Taxonomy in ASEAN. Thailand is one of the first countries in ASEAN to define and categorize economic activities that are environmentally conscious, or Taxonomy. An interesting case study is China. China has been seriously emphasizing environmental action since 2014 because it has a pollution problem. The government has therefore set policies to promote environmental activities, such as providing financial support and measures to promote low-interest loans, regulations on environmental information disclosure, and has finally solved the pollution problem.
Climate Finance is a key factor supporting sustainability in supply chains. Climate Finance is developing rapidly around the world, especially in Asia. Investors choose to invest in businesses that prioritize sustainability. However, most SMEs in supply chains still need help in the transition. Banks are ready to help by providing knowledge, consulting, supporting tools, and being a source of funding.
For the EARTH JUMP 2025 event, held for 2 days, 28-29 May 2025 at Paragon Hall, 5th floor, Siam Paragon Shopping Center.