Day 4 – Finland
Opening Remarks by Her Excellency Ms. Chavanart Thangsumphant, Ambassador of Thailand to Finland.
“Innovative Banking & ESG Bond For Sustainable Future“
Topic : Innovative Banking and ESG Bond for Sustainable Future
Date : 29 Sep.2023 / 10.00-11.30 (CET) / 16.00-17.30 (EEST)/ 15.00-16.30 (BKK)/
ESG (Environmental, Social, and Governance) bonds have gained global traction as investors seek to align their investments with sustainability goals. Finland seeks to halve emissions from the effort-sharing sector by 2030 and to achieve carbon neutrality by 2035. Therefore, the growth of ESG bonds has played a crucial role in attracting sustainable investments and financing projects that contribute to the country’s ambitious objectives. On the consumer level, banking also takes a courageous effort. For instance, to not only limit the credit but also limit the negative environmental impact by helping customers to estimate the carbon footprint of their purchases. There are also more collaboration between banks and technology companies to offer innovative solutions that enhance customer services while addressing sustainability issues.
In Thailand, the ESG bonds market fund ranked second in ASEAN and has experienced exponential growth with the issuance volume reaching a new record high in 2022, mainly driven by the pandemic crisis. Moreover, Thailand Taxonomy Phase 1 focusing on the energy and transportation sector was just launched this year as a reference tool for economic activities according to environmental objectives which is a promising start. However, there is still the lack of clear ESG criteria and framework in diverse sectors to identify the eligible projects. Standardisation and data for accurate ESG reporting are also essential in order to grow. Thai regulators, financial institutes and corporates can overcome these issues by continuing to learn from market best practices for the company, build capacity for market participants and utilise more innovative technology for transparency.
Highlight from the session : ‘
- Current situation in Thai financial market and ESG bond
- Case study from bank of Åland and collaboration with technology company fro carbon footprint calculation
- Challenges in green banking transition
- Global standardisation system in ESG bond
Dr. Somjin Sornpaisarn
President of Thai Bond Market Association
Dr. Somjin Sornpaisarn is currently President of The Thai Bond Market Association (ThaiBMA). ThaiBMA main missions include being an Information Center for Thai bond market and a SRO (Self Regulatory Organization) working with member banks and securities companies to ensure a fair and efficient bond Market. He used to be the CEO of TMB Asset Management and ONE Asset Management and the Chairman of Association of Investment Management Companies (AIMC) and an Independent Director of TFEX (Thailand Futures Exchange.)Dr. Somjin got his B. Engineering from Chulalongkorn University, MBA from Thammasat University, MS.in Japanese Business Studies from Chaminade University of Honolulu with Jujitsu Asian Scholarship, andDBA in Finance from the Joint Doctoral Program of Thammasat University, Chulalongkorn University, and NIDA)
Ms. Jamjun Siriganjanavong
Head of Debt Capital Markets at the Bank of Ayudhya.
Jamjun Siriganjanavong is currently the Head of Debt Capital Markets with over 16 years of experience in Debt Capital Markets area and more than 25 years of banking experience with a wide range of product knowledge. Prior to joining Krungsri, she was with HSBC for 16 years working in the Debt Capital Markets Department and Corporate Banking Department.
Jamjun has extensive experience in providing guidance, overseeing, and actively participating in debt capital markets transactions and sustainable finance products from public and private sectors. This is further underscored by a multitude of awards received from both domestic and international entities, recognizing the pioneering efforts in introducing innovative financial products and sustainable financing strategies in the evolution of Thai Baht bond market in Thailand. Since March 2021, Jamjun has been appointed as Thailand’s representative as part of the Industry Advisory Panel for the Joint Sustainable Finance Working Group (JSFWG) under ASEAN Capital Markets Forum (ACMF). The objective of JSFWG is to develop a sustainable finance area including but not limited to a Sustainable Finance Taxonomy for ASEAN countries, Disclosures, Strengthening Demand and Supply for Sustainable Finance and Transition Standards. Currently, Jamjun also holds the position of Director of the Thai Bond Market Association (ThaiBMA).
Mrs. Maud Johans
Head of Customer Service & Marketing Support, Bank of Åland.
With a wealth of experience in the banking industry, Mrs. Maud has led the bank’s efforts in providing exceptional customer service and bolstering marketing initiatives at the Bank of Åland which holds the position of Finland’s best Private Banking, second year in a row.
Since the establishment in 1919 by forward-looking farmers and sea captains in the middle of the Baltic Sea, the bank has committed strongly to environmental and social development. It set an example to other actors around the Baltic Sea. Supporting environmental projects has been a part of the Bank of Åland’s activities. To date the bank has supported environmental work with €4.4 million. One of the innovative ambitious efforts from the Bank of Åland is the Baltic Sea Card which is the world’s first payment card made from environmentally friendly materials, and it is coupled to the Åland Index. Through the Åland Index, it can help customers to estimate the carbon footprint of their purchases, and use that information to help the environment by supporting environmental organisations or by adjusting some aspects of their lifestyle.
Mr. Carl-Johan von Uexkull
Chief Commercial Officer, Doconomy
Mr. Carl-Johan von Uexkull has vast international experience in the financial information industry, providing information, insights, and technology that drive innovation and performance in global markets. Currently, he is leading Doconomy’s commercial team in the development of new markets and strong relationships to further amplify the ability of banks, brands, and individuals to take climate action globally. Doconomy is an impact-tech enterprise with a vision to drive a sustainable lifestyle for all. Their technology helps people and businesses connect consumption with its impact on the planet by adding data to daily life to help measure, understand, and reduce the carbon footprint. In 2016, they joined hands with the Bank of Åland to develop Åland Index Solutions, enabling banks, payment providers, and financial institutions to offer all customers transaction-based impact calculations. Åland Index is the global index solution for CO2 emission calculations that guide consumers and small businesses in their everyday consumption towards more sustainable choice