Transition to a low-carbon society/Sustainability: Dusit Thani College Students Lead/IRPC and SCB Sign Sustainability Contract/ESG-Linked FX Solutions/Energy: Stimulus for green energy/WHAUP keen on expansion/Energy Absolute reassures investors/Philippines’ dependency on coal-fired power/Air: Saha Group Partners with DHL/Electric vehicles: EV sales continue to drop/EV price war/Estate to focus on EVs, tech/Wildlife: Human impact on marine life/
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Supporting Thailand’s transition to a low-carbon society
Record-breaking heatwaves in the summer and flash floods during monsoon season are expected to become the “new normal” as Thailand adjusts to extreme weather.
The impact of climate change has driven the country, from policymakers and regulators to businesses and individuals, to embark on a variety of adaptation and mitigation measures as they cope with a just transition to a low carbon society. Continued …
Dusit Thani College Students Lead in Sustainable Hospitality
Sustainability has become a key focus for the hospitality industry in recent years. For hospitality businesses, reducing waste, adopting responsible tourism practices, and conserving energy and water are no longer just nice-to-have but essential KPIs.
Supporting these initiatives is an entire industry of sustainability companies producing technologies to reduce operational costs and, most importantly, make a positive impact on the environment. Continued …
IRPC and SCB Sign Sustainability-Linked Forward Contract
IRPC signed a memorandum of understanding to initiate sustainability-linked forward contracts aimed at preventing foreign exchange risks and promoting sustainable development.
This collaboration is marked as a financial innovation where costs are based on environmental, social, and governance (ESG) performance. The sustainability-linked forward contracts are set to align the business plan with the organization’s sustainable development goals, good governance, and the use of renewable energy. Continued …
IRPC and KTB Launch ESG-Linked FX Solutions
IRPC, in collaboration with Krung Thai Bank, is advancing the ESG-linked FX Total Solutions Program, enhancing foreign exchange management to support IRPC’s sustainability goals.
Phichin Aphiwantanaporn, senior executive vice president corporate accounting and finance at IRPC, stated, “IRPC focuses on financial management and risk management. We are committed to operating our business following the sustainability management excellence framework, aligning with international standards. Our operations balance social, environmental, and good governance aspects. The company has recently adopted sustainable business guidelines in our exchange rate risk-management policy by initiating the ESG-Linked FX Total Solutions Program in collaboration with Krung Thai Bank to complete an efficient exchange rate risk ecosystem.” Continued …
Hotels want stimulus for green energy, EV chargers
Hotel operators are pushing for a tax deduction or subsidy for renovation investment, especially for green energy, while the Tourism Authority of Thailand (TAT) suggests hotels in second-tier cities install electric vehicle (EV) chargers to accommodate the growing trend of travel via EVs.
With the Thai Hotels Assn. (THA) scheduled to meet the finance minister soon, THA President Thienprasit Chaiyapatranun said the group would ask for financial stimulus, focusing on enhancing the competitiveness of licensed hotels in Thailand. Continued …
WHAUP keen on expansion of overseas clean power
WHA Utilities and Power (WHAUP), an arm of Thailand’s biggest industrial land developer and operator WHA Corp., is conducting a due diligence review of the acquisition of new energy assets overseas worth US$200 million, in a bid to expand its renewable energy business.
The expansion aligns with the government’s new power development plan (PDP) that promotes greater use of renewable power to reduce carbon dioxide emissions. Continued …
Energy Absolute reassures investors after forced share sales
Energy Absolute, a renewable energy and electric vehicle (EV) developer and operator, has vowed to grow its businesses after suffering a dramatic plunge in its share price.
“I was injured, but remain alive,” said Somphote Ahunai, founder and chief executive of EA. He said on Monday EA already cleared its debt by using money from the forced sale of the company’s shares. Continued …
Philippines’ dependency on coal-fired power surpasses China, Indonesia
The Philippines surpassed Indonesia and China to break into the world’s top 10 economies most dependent on coal-fired power, data from energy think tank Ember showed, underlining the challenges it faces to achieve its green energy goals.
The country’s share of coal in electricity generation rose for the 15th straight year in 2023, the data showed, despite a target to cut dependence on the fuel to less than half of total power output by 2030. Continued …
Saha Group Partners with DHL to Cut Carbon Emissions
Saha Group, along with its 70 subsidiaries, is partnering with DHL Express to drive sustainability in air freight operations. Through the use of DHL Express’ GoGreen Plus service, Saha Group’s subsidiaries will leverage sustainable aviation fuel (SAF) to reduce carbon emissions associated with their air shipments.
This partnership aims to minimize the environmental impact of Saha Group’s logistics activities, with SAF enabling more than an 80% reduction in the lifecycle carbon emissions of air transport shipments. Continued …
EV sales continue to drop driven by tight economic conditions
After getting off to a relatively slow start when they were first introduced, electric vehicles (EVs) have increasingly played a significant role in the Thai automotive market, particularly over the past two years.
Numerous players have entered the market, driven by both domestic and global trends, as well as government incentives. Now, however, the EV market appears to be cooling off. Continued …
EV price war disrupting used car market
The current situation in the automotive market is akin to the industry undergoing a structural transformation, according to Suvit Chobpradu, vice president of the Used Car Dealers Assn. “The shift is from a market dominated by internal combustion engines (ICE) to a rapidly growing role for electric vehicles (EVs),” he pointed out.
“These changes inevitably result in casualties, affecting various parties in the supply chain. And the main reason is the continuous and intense price war of EVs.” Continued …
IEAT to develop Bt2.8 billion estate to focus on EVs, tech
The Industrial Estate Authority of Thailand (IEAT) has joined hands with industrial estate developer Hermes Cooperation Co. to co-develop a new estate to support S-curve industries with a budget of 2.8 billion baht.
The complex, named Hermes Industrial Estate, is located in Chon Buri and spans 1,231 rai. The facility expects to serve electric vehicles (EV), smart electronics, data centers, cloud services and medical device industries. Continued …
The historical roots of human impact on marine life
In the blue-green waters along Thailand’s Andaman Sea coastline, resides a mystical and enchanting creature called the Dugong. These gentle marine mammals, often compared to mermaids in folklore, symbolize the extraordinary diversity of ocean life and the challenges it currently faces.
The plight of the Dugong compels us to reflect deeply on our relationship with the oceans and our responsibility as stewards of these vital ecosystems. Continued …
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