AWC and SCB have actually signed a THB 20,000 million sustainability-linked loan to incorporate sustainability into mega task advancements and enhance Thailand’s position as an international sustainable tourist location.
Possession World Corp Public Business Limited (AWC), Thailand’s leading incorporated way of life realty group, and Siam Commercial Bank (SCB) signed a Sustainability-Linked Loan and Green Loan valued at THB 20,000 million on July 4, 2023.
This collaboration intends to establish top quality AWC mega jobs that will not just end up being worldwide locations however likewise show a strong dedication to performing organization in line with sustainable advancement concepts. The arrangement sets a brand-new criteria, adding to resource usage decrease and energy performance promo in the realty and tourist markets while producing worth for all stakeholders. Additionally, these loans will support different efforts targeted at boosting marine resource sustainability and future social advancement, thus strengthening Thailand’s status as an international sustainable tourist location.
Mr. Kris Chantanotoke, Ceo of Siam Commercial Bank (SCB), specified, “AWC’s continuous financial investment as the nation’s leading realty group even more shows the constant enhancement of Thailand’s economy. SCB acknowledges its function in driving sustainable advancement throughout all measurements of Thai society, and we are happy to offer THB 20,000 million in Sustainability-Linked Loans and Green Loans to AWC. These loans will support the advancement of brand-new jobs and add to AWC’s sustainability efforts. They are likewise in line with the bank’s ecological objective, along with the SCBX group’s dedication to accomplishing net-zero greenhouse gas emissions from our own operations by 2030 and from financing and financial investments by 2050. We believe in AWC’s abilities, and our company believe these loans will drive AWC’s development through the advancement of many mega jobs that will reinvent the realty market while supporting Thailand’s goal to end up being an international sustainable tourist location.”
Mrs. Wallapa Traisorat, Ceo and President of Possession World Corp Public Business Limited (AWC), revealed her gratitude, specifying, “AWC is extremely impressed by SCB’s dedication and shared vision in promoting sustainability. SCB’s issuance of Thailand’s very first Sustainability-Linked Loan for the realty market in 2015 exhibited their commitment to promoting sustainable development throughout all sectors. AWC is enjoyed belong of SCB’s efforts to enhance the nation’s realty and tourist market. Our business is totally devoted to establishing top quality jobs that will work as sustainable mega jobs. These consist of Asiatique, the Riverfront Location– a sustainable landmark found by the Chao Phraya River in Bangkok; Aquatique, a mega task in Pattaya Town hall; Woeng Nakhon Kasem, a cultural heritage centre in Chinatown; and Lannatique, a mega task targeted at promoting the appeal of Lanna art and culture in Chiang Mai Town Hall. AWC securely thinks that changing these jobs into worldwide sustainability locations will support the nation’s method of ending up being a leader in worldwide sustainable tourist.”
AWC is securely devoted to establishing structures that satisfy worldwide green structure requirements. For instance, INNSiDE by Meliá Bangkok Sukhumvit has actually gotten accreditation from the EDGE (Quality in Style for Greater Efficiencies) basic, while InterContinental Chiang Mai Mae Ping has actually accomplished LEED and WELL PRECERTIFIED status. In addition, other jobs have actually currently gained from the preliminary SCB sustainability-linked loan got in 2015. AWC has actually teamed up with leading banks, leading to 75% of their long-lasting loans being connected to sustainability. The Business intends to increase this percentage to 100%, showing their commitment to producing a sustainable future for the nation.
Under the approach of ‘Structure a Much Better Future,’ AWC has actually developed a sustainable advancement structure based upon 3 pillars incorporating 9 measurements, referred to as the 3 BETTERs. These pillars are as follows:
BETTER WORLD: AWC concentrates on producing ecological worth to cultivate a much better environment.
BETTER INDIVIDUALS: AWC aims to produce social worth, boosting the lifestyle for people.
MUCH BETTER SUCCESS: AWC is devoted to producing financial worth, adding to a more powerful economy.
AWC’s homes have actually regularly executed jobs to support sustainable advancement. For example, Sheraton Samui Resort has actually started the crab bank task to boost biodiversity. Banyan Tree Krabi has actually partnered with the Save Andaman Network Structure to carry out sustainable neighborhood tourist pilot jobs. The reConcept organization idea promotes a circular economy by motivating the reuse and upcycling of old furnishings, products, and unused hotel decors, successfully decreasing waste sent out to garbage dumps. Additionally, The GALLERY intends to produce work and earnings chances for surrounding neighborhoods while supporting regional Thai business owners and craftsmens, guaranteeing sustainable earnings generation.
Additionally, AWC has actually effectively executed an Energy Performance Strategy (EEP) in positioning with the Sustainability Linked Loans and Green Loans. The EEP concentrates on boosting energy performance and decreasing greenhouse gas emissions. AWC accomplishes this by setting up photovoltaic panels on structure roofs, embracing energy-efficient lighting systems, and enhancing a/c performance in its hotels because 2019. In addition, AWC is devoted to establishing jobs in line with worldwide green structure requirements accreditations such as EDGE, LEED, or WELL. This technique guarantees the effective usage of resources and promotes sustainable advancement.
Mrs. Wallapa highlighted the significance of the arrangement finalizing, specifying, “This arrangement enhances the shared vision of AWC and SCB for sustainable organization operations. AWC will continue to execute its sustainability method, producing long-lasting worth for all stakeholders, the market, the neighborhood, society, and the nation. Our objective of ‘Structure a Better Future’ drives us to play an essential function in moving Thailand towards ending up being an international sustainable tourist location.”
AWC’s dedication to sustainable advancement has actually been acknowledged by respected domestic and worldwide organizations. The business has actually gotten an “AA” score from MSCI ESG Score and has actually been noted in the Thailand Sustainability Financial Investment (THSI) of the Stock Market of Thailand. AWC’s constant efforts in sustainability were acknowledged in the S&P CSA Yearbook 2023 sustainability report for the 2nd successive year, making the business the “Leading 1% S&P Worldwide ESG Rating 2022” classification. AWC likewise got the “Market Mover” award for quality in business governance scoring as a sustainable business in the hotels, resorts & & cruise lines market. Additionally, AWC holds accreditation from Thailand’s Economic sector Collective Action Union
Versus Corruption (CAC) and has actually regularly been acknowledged as a company with great business governance amongst noted business in ASEAN (ASEAN CG Scorecard) because 2021.
