Thailand Taxonomy Deloitte Southeast Asia

If we have selected the wrong experience for you, please change it above. At the end of 2022, we saw a significant movement in sustainable finance through the issuance of the first draft of the Thailand Taxonomy. The national taxonomy will have key impacts for business in their transition to low-carbon economy. It is therefore crucial for stakeholders, including the business and financial sector, to understand what taxonomies are and how it will be used in the future. To understand the background, the development, and Deloitte’s full analysis of the first draft of Thailand Taxonomy. Click the link below:

Section 1: Sustainable Finance Landscape in Thailand Section 2: Introduction to the Thailand Taxonomy Section 3: How to Use Thailand Taxonomy Section 4: Usability, Impacts and What’s Next A taxonomy is a classification system, establishing a list of sustainable economic activities. While taxonomies can also cover all ESG activities, Thailand Taxonomy is a Green Taxonomy which focuses on environmentally sustainable economic activities. A green taxonomy includes a set of criteria (technical or qualitative) defining or list of activities that deemed green (Gondijian and Merle, 2022). Green taxonomy specifies environmental objectives and list the activities contributing to the objectives or principles to identify the activity as green, sector in focus, and implementation method. Search for latest updates on BOT's news, speeches, and activities

Latest Speeches of Governor, Deputy Governors and BOT Executive Events/Activities held by the BOT to strengthen relationships with stakeholders List of holidays for financial institutions and specialized financial institutions Search for latest updates on BOT's news, speeches, and activities On May 27, 2025, the Thailand Taxonomy Board announced Thailand Taxonomy Phase 2. The previous version, Phase 1, issued in June 2023, focused on the energy and transportation sectors.

Phase 2 expands the scope to include agriculture, construction and real estate, manufacturing, and waste management—industries identified as having high greenhouse gas (GHG) emissions. We are experts of EHS in Asia. Subscribe now, and - read full contents of the padlocked articles. - access to the latest news, most of which is now unavailable or only partially available here. 1 USER: USD 1,800 per year 2–5 USERS: USD 3,600 per year 6–10 USERS USD 5,400 per year Weekly newsletterGet EHS news in Asia every Monday.

Δdocument.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); If we have selected the wrong experience for you, please change it above. TH version: 4 อุตสาหกรรมที่น่าจับตามองเมื่อการพัฒนา Thailand Taxonomy ระยะที่ 2 เริ่มต้นขึ้น In face of escalating climate changes and challenges, financial sector, as an allocator of capital, is undergoing a transformation through policies and tools to help businesses and households adapt to climate change in timely... Taxonomy is one of the critical tool to classify activities, assets, and income proportions that align with key sustainability objectives and conditions. It aims to ensure each sector has a common definition of environmentally-friendly activities, serving as a reference point for guiding policy formulation, strategy development, and risk assessment for businesses' future adaptation.

Thailand has divided the development of the Thailand Taxonomy into phases. In June 2023, Thailand Taxonomy Phase I has been released to support climate change mitigation, aimed at reducing greenhouse gas emissions of the activities in the energy and transportation sectors. These sectors deemed vital to Thailand's environmental aspirations and economic. Far from being a regulatory straitjacket, Taxonomy serves as a voluntary compass, guiding market participants towards a common understanding of environmentally significant activities. In the initial phase, Taxonomy underscored business transition – to become less brown. Looking ahead to the Thailand Taxonomy phase II, it is expected that the listing activity coverage and criteria will continue to foster business transition and adaptability, particularly in Thai industry, which still heavily relies...

Additionally, the Thailand Taxonomy’s environmental objective necessitates to extend its focus beyond climate change mitigation, especially given the vulnerability of Thailand's agricultural sector, to climate change adaptation. This consideration would help prevent loss and damage in the future. Amidst this, the waste management and construction sectors may encounter challenges in defining appropriate scope and criteria aligned with the local context and international standard. 30 November 2024 – The Department of Climate Change and Environment (DCCE), the Bank of Thailand (BOT), the Security Exchange Commission (SEC) and the Stock Exchange of Thailand (SET) held a series of virtual... The draft Taxonomy is open for comments from the public until 10 January 2025 and can be accessed here. A taxonomy is a guidance instrument for investment decision-making.

By defining criteria for what qualifies as a climate-friendly investment, taxonomies can enhance climate finance, facilitating a transition away from fossil fuels and promoting climate-resilient development. In 2023, the first phase of a Thailand Taxonomy was introduced, establishing criteria for climate-friendly investments in the energy and transport sectors. In the hearings between 5 – 16 November, nearly 1,000 interested stakeholders gained insights into the proposed green criteria for the following sectors: The consultation with the Thai public is the last step before finalising and launching the extended Taxonomy in March 2025. With a comprehensive Taxonomy set up, Thailand follows a global trend in steering investments towards low-carbon and climate-resilient activities. According to data from the Sustainable Banking and Finance Network (SBFN), nearly 50 sustainable finance taxonomies are in place around the globe.

While taxonomies have become a widely acknowledged tool for shifting capital flows, their implementation still lags in many countries. Limited capacities and knowledge, scattered regulations and data gaps hamper the application. By embedding the Thailand Taxonomy in the draft Climate Change Act, Thailand has already set a strong signal towards its implementation. Building up skills and expertise of relevant stakeholders as well as developing financing instruments that align with low-carbon and climate-resilience criteria will be a key next step once the Phase-II-Taxonomy is launched. The development of the Thailand Taxonomy Phase II is supported by the Asian Development Bank (ADB), the International Finance Corporation (IFC), and GIZ Thailand via the Climate, Coastal and Marine Biodiversity (CCMB) project, and... Search for latest updates on BOT's news, speeches, and activities

Latest Speeches of Governor, Deputy Governors and BOT Executive Events/Activities held by the BOT to strengthen relationships with stakeholders List of holidays for financial institutions and specialized financial institutions Search for latest updates on BOT's news, speeches, and activities South-east Asia is looking to boost its environmental, social and governance credentials through a recent boom in green taxonomies. Thailand, Singapore, Malaysia, the Philippines and Indonesia have all developed individual frameworks, with the taxonomy developed in November 2021 by the Association of Southeast Asian Nations, a political and economic union of regional states,...

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