EXIM Thailand hosted the 12th RCG CEO Meeting of CEOs of the Asia-Pacific Government Guarantee Organizations Cooperation Group (The 12th RCG CEO Meeting), a forum for exchanging opinions and discussing ways to expand cooperation between member organizations.
To adjust the direction of the organization’s operations to be able to assist the business sector in adapting to the rapidly changing world situations. Including promoting operations with consideration for the environment, society and good corporate governance. (Environmental, Social, and Governance: ESG) to cooperate with the international community in achieving the Sustainable Development Goals (SDGs) according to the United Nations guidelines.
with Mr. Chulaphan Amornvivat, Deputy Minister of Finance Opening the meeting as chairman, Mr. Paul Heaney, Secretary General of the Burne Union Guarantee Cooperation Organization, Dr. Seri Nonthasut, Member of the United Nations Committee on Economic, Social and Cultural Rights and Senior Deputy Managing Director. The Foundation of the Institute of Research and Development for Public Organizations (IRDP) joined as a speaker to provide knowledge about business operations based on ESG principles and sustainable development, and Dr. Rak Worakijpokathorn, Managing Director of EXIM BANK, welcomed and participated in a discussion about ESG, an urgent world mission at Capella Hotel Bangkok on November 20, 2023
Mr. Chulaphan Amornvivat, Deputy Minister of Finance, said that reorienting the operations of various organizations with ESG in mind is not only a national or regional concern. But it is a compulsory mission that the international community must act together to achieve success. Especially in the framework of international cooperation in the Asia-Pacific region, where there are many countries that are role models in putting ESG principles into practice. sustainable development Good corporate governance and social and environmental responsibility Ministry of Finance This includes the state’s Specialized Financial Institution (SFI) like EXIM BANK, ready to work with the government and private sectors. By using the expertise of each organization to set standards for business operations together based on ESG principles, leading to a sustainable future for the world.
Dr. Rak Worakijpokathorn, Managing Director Export-Import Bank of Thailand (EXIM BANK) said that amidst global environmental problems such as global temperatures and air pollution that are increasing causing many disasters to occur. coupled with international political conflicts and rising economic crimes Especially in the banking and finance sector. These are all factors stimulating the government and private sectors, including EXIM BANK as an SFI under the Ministry of Finance. Set a goal to become a Green Development Bank, aiming to increase the proportion of green lending from 28% in 2022 to 50% by 2028 by developing lending services and other financial tools to support businesses that consider ESG, such as Issuing Green Bonds, providing loans in the form of Sustainability Linked Loan (SLL) and plans to develop financial innovation by raising funds in the form of Blue Bonds to support projects that benefit the environment and marine resources. Continuously developing Green Finance products to cover Scope 1-2-3 (direct greenhouse gas emissions Indirectly caused by energy use and other indirect effects from the organization’s operations) including guarantee services which are like a shield to protect against business risks in line with the Bank’s goals and strategies. To support Thai entrepreneurs to be able to start or expand international trade and investment businesses in a stable and sustainable manner. and integrate with all sectors to drive sustainable development of the global community.
The RCG CEO Meeting is held annually. For members of the Regional Co-operation Group (RCG) of 12 countries, consisting of the National Export Guarantee Organization of Indonesia (ASEI), the Export Guarantee Organization of India (ECGC), the organization Export Australia (EFA), Hong Kong Export Credit Insurance Corporation (HKECIC), South Korea Export Insurance Corporation (K-SURE), Japan Guarantee Organization (NEXI), Export-Import Bank of Malaysia (MEXIM), China Export Guarantee Corporation (SINOSURE), Singapore Enterprises (Enterprise Singapore), Sri Lanka Export Guarantee Corporation (SLECIC), Taiwan Export-Import Bank (TEBC), and EXIM BANK. Thailand joins in exchanging visions Policy concept and information Including receiving information on the world financial market situation New economic risks that may challenge the global economy in the future This is beneficial to product development, service provision, and improving marketing strategies of member organizations. To be more efficient in line with future market situations. It also promotes good relations between member countries. To further expand cooperation in insurance and sustainable development
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