Bangkok Bank Organizes Seminar for Entrepreneurs Transforming the organization into a modern world and inviting gurus to participate in intensive tutoring to hit business problems.

Twitch SMEs are alert Adjusting the business according to the ESG concept to create sustainability It will soon become a new rule of the world society. It is recommended to start exploring how your business is affected and prepare an early plan to invest gradually.

Leverage ESG to reduce costs and increase profits for organizations in a sustainable manner Pointing out 6 business groups exporting to the EU, think quickly before the carbon adjustment measures before crossing the border come into effect in 2026

. Executive Director, Bangkok Bank Public Company Limited The Bank has organized a year-end seminar "Digital Transformation For SME-EP4" for SMEs with the theme 'Guidelines for Transforming Organizations to Embrace the New ESG Rules of the World and Society' to prepare entrepreneurs to smoothly adapt to the new business world. Businesses can adopt ESG concepts as a framework for sustainability in three dimensions: Environmental, Social, and Governance.

Meanwhile, Bangkok Bank as a 'Thoughtful Partner' Therefore, it has tried to push SME entrepreneurs to realize the importance of transitioning to green organizations. By supporting both the credit line for change and various knowledge in all dimensions," said.

Dr. Pichet. Senior Vice Chairman of Thai Summit Autopart Industry Co., Ltd., as a lecturer at the seminar on 'Guidelines for Transforming Organizations to Meet the New ESG Rules of the World and Society', said that SMEs, mainly upstream, midstream, and supply chain operators, will be the group most affected by various environmental barriers arising from the needs of the downstream industry. Especially exporters who encounter more environmental and social regulations from importing countries, which are passed on to producers.

The first thing entrepreneurs should start is to explore their business first to see which business group they are in and who they are involved with. To find appropriate ways to adjust the business in both the short and long term. Because each adjustment means an increase in investment.

Therefore, it is necessary to consider investments that will generate good returns in the long term, but there is no need to rush to invest and adjust everything. If there is no impact in the short term, Meanwhile, If businesses are in industries that will be affected first, such as those related to six business groups, namely cement, electricity, fertilizer, iron and steel, aluminum, and hydrogen, which sell products to the European Union, they must prepare for the Carbon Border Adjustment Mechanism (CBAM) that will begin in 2026

.However, only 41% have started to apply ESG practices, so you must first survey yourself to see how ready you are to adapt because ESG principles are still a 'should' thing now, but in the long run, it will become a 'must-do'. You don't need to look only at big changes, maybe starting from doing small things that don't require investment or low investment first, but the important thing is to get something back after doing it. In this economy, it may be difficult to increase sales to make a profit.

Ms. Chanaphan concluded by mentioning three challenges of business transformation according to ESG principles that must be taken into account: The first is to create a connection between sustainability and daily activities, which is the biggest obstacle to practical implementation because sustainability is something that everyone must help each other, such as simple things such as reducing the use of plastic, waste that must be realized together by the whole organization to be successful. This will guarantee the organization that it can successfully transition the business to an era of sustainable growth.

In addition to the knowledge from the seminar, Bangkok Bank customers who are interested in financial services to transform their businesses to new models for sustainability, including environmental conservation, Bangkok Bank is ready to provide financing through a variety of loan services with special interest rates, including:

·Bualuang Green Financing for Transition to Environmental Sustainability with a credit limit of 10,000 million baht Special interest rates can be paid in installments for up to 8 years to support businesses that need capital for the transition to environmental sustainability in three areas: reducing greenhouse gas emissions; Adapt to climate change and reduce pollution generation

·Bualuang Transformation Loan with a credit limit of 20,000 million baht Fixed interest rate of 5% per annum with installment period of up to 5 years for two groups of SME customers: those who are facing continuous problems due to the COVID-19 pandemic and need care and support to recover and continue to operate their businesses, and those who need capital to invest in adapting their businesses to the digital era and the next normal to be ready for technological changes. Higher energy prices as well as significant changes (disruption) from other factors will increase competitiveness and create long-term sustainable growth for the business.

·"Bualuang Green" loan with a loan limit of up to 50 million baht with installments of up to 8 years for SMEs who want to invest in improving their businesses and processes that do not cause pollution, as well as efficiently reuse materials.

·The "Bualuang Green Solar Energy" loan provides a loan limit of up to 100% of the investment amount with special conditions to help reduce costs. Encourage more entrepreneurs to switch to alternative energy

For entrepreneurs who are interested, both existing and new customers, they can contact the Business Relations Officer, Business Office or Bank branches nationwide to apply for a loan. For more information, please contact Bualuang Phone at 1333 or 0 2645 5555.