Insight

Reference

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Supporting source

Thai Sustainability-Linked Loan Stock at Five Largest Banks

USD 1.4-2.6B by 2027 (vs USD 0.18B 2024)

As of2027 forecast·Sources4·Supporting

Insight derivation from KASIKORNBANK 2025 Sustainable Finance Report, SCB X 2025 Sustainability Report, Krung Thai Bank Sustainable Finance Framework 2025, Bangkok Bank and KrungSri ESG disclosures places Thai sustainability-linked-loan stock at USD 1.4 to 2.6 billion by 2027 against a 2024 base of USD 0.18 billion. KBank, SCB X and KrungThai together hold an estimated 78 percent of the SLL pool. KPI tier-pricing runs 15 to 45 basis-points of step-down for borrower KPI achievement versus baseline pricing, with KPIs structured against scope 1 and scope 2 greenhouse-gas emissions, water intensity, supplier traceability and gender diversity. The BoT Sustainable Finance Taxonomy v2 effective Q1 2026 provides audit-grade KPI definitions and unlocks foreign-LP refinance capacity.

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Figure in context

Insight derivation from KASIKORNBANK 2025 Sustainable Finance Report, SCB X 2025 Sustainability Report, Krung Thai Bank Sustainable Finance Framework 2025, Bangkok Bank and KrungSri ESG disclosures places Thai sustainability-linked-loan stock at USD 1.4 to 2.6 billion by 2027 against a 2024 base of USD 0.18 billion. KBank, SCB X and KrungThai together hold an estimated 78 percent of the SLL pool. KPI tier-pricing runs 15 to 45 basis-points of step-down for borrower KPI achievement versus baseline pricing, with KPIs structured against scope 1 and scope 2 greenhouse-gas emissions, water intensity, supplier traceability and gender diversity. The BoT Sustainable Finance Taxonomy v2 effective Q1 2026 provides audit-grade KPI definitions and unlocks foreign-LP refinance capacity.

Insight derivation from KASIKORNBANK 2025 Sustainable Finance Report, SCB X 2025 Sustainability Report, Krung Thai Bank Sustainable Finance Framework 2025, Bangkok Bank and KrungSri ESG disclosures places Thai sustainability-linked-loan stock at USD 1.4 to 2.6 billion by 2027 against a 2024 base of USD 0.18 billion. KBank, SCB X and KrungThai together hold an estimated 78 percent of the SLL pool. KPI tier-pricing runs 15 to 45 basis-points of step-down for borrower KPI achievement versus baseline pricing, with KPIs structured against scope 1 and scope 2 greenhouse-gas emissions, water intensity, supplier traceability and gender diversity. The BoT Sustainable Finance Taxonomy v2 effective Q1 2026 provides audit-grade KPI definitions and unlocks foreign-LP refinance capacity.

Time scope

2027 forecast

Source basis

Supporting source

Interpretation notes

What this tells you

Insight derivation from KASIKORNBANK 2025 Sustainable Finance Report, SCB X 2025 Sustainability Report, Krung Thai Bank Sustainable Finance Framework 2025, Bangkok Bank and KrungSri ESG disclosures places Thai sustainability-linked-loan stock at USD 1.4 to 2.6 billion by 2027 against a 2024 base of USD 0.18 billion. KBank, SCB X and KrungThai together hold an estimated 78 percent of the SLL pool. KPI tier-pricing runs 15 to 45 basis-points of step-down for borrower KPI achievement versus baseline pricing, with KPIs structured against scope 1 and scope 2 greenhouse-gas emissions, water intensity, supplier traceability and gender diversity. The BoT Sustainable Finance Taxonomy v2 effective Q1 2026 provides audit-grade KPI definitions and unlocks foreign-LP refinance capacity.

What not to do with it

Use the linked report for interpretation and keep basis differences explicit.

Related figures

Adjacent numbers that add context without drowning the value.

2027 forecast
USD 4-8B by 2027 (vs USD 0.8B 2024)

Thailand Impact-Investing AUM Trajectory

Insight derivation from GIIN APAC 2025, KKR Global Impact II, Bain Capital Double Impact III, BlueOrchard Asia Impact, KAsset, SCBAM, GPF, IMARC SEA

April 2026 baseline, target 2027
22 certified (Apr 2026), target 80-150 by 2027

Thailand B Corp Certified Cohort Scaling

B Lab Global Directory Thailand, AIIN Thailand Chapter Pipeline Report 2026, Yindii Impact Report 2025

Effective Q1 2026
Mitigation, adaptation, biodiversity, social finance scope

Bank of Thailand Sustainable Finance Taxonomy v2 Effective Q1 2026

Bank of Thailand Sustainable Finance Working Group Framework Phase 2

Effective Q3 2026
Effective Q3 2026 across all Thai-domiciled mutual funds

SEC ESG Fund Reporting Framework and Anti-Greenwash Naming Rules

Thailand SEC ESG Fund Reporting Framework Notification 22/2568

FY2026 policy statement
8-15% of total AUM (~THB 130-240B)

Government Pension Fund ESG-Aligned Mandate

Government Pension Fund Thailand ESG Investment Policy Statement 2026

2025-2027 cumulative
USD 0.8-1.4B cumulative committed

Foreign Impact LP Thailand Allocations 2025-2027

KKR Global Impact II Investor Update, Bain Capital Double Impact III Asia, BlueOrchard Asia Impact Thailand Pipeline, AIIN Thailand Chapter Report 2026, GIIN APAC 2025

Report context

Thailand Impact Investing & ESG Funds 2027 Market Intelligence

Thailand currently hosts roughly 22 B Corp certified companies and an impact-investing pool estimated at USD 0.8 billion AUM as of 2024. The 2026 to 2027 catalyst stack: Bank of Thailand Sustainable Finance Taxonomy v2 effective Q1 2026, SEC ESG Fund Reporting Framework effective Q3 2026, KKR Global Impact Fund II and Bain Capital Double Impact Fund III Thailand allocations, KASIKORN K-CHANGE, SCB X SCBESG and KTAM ESG fund AUM ramps, Government Pension Fund and Government Savings Fund ESG carve-outs at 8 to 15 percent of AUM, and sustainability-linked-loan platforms at KBank, SCB X, KrungThai, Bangkok Bank and KrungSri offering 15 to 45 basis-point KPI tier-pricing. Our read: the 2027 Thai B Corp, impact-investing, ESG fund and sustainability-linked finance market reaches USD 4 to 8 billion AUM plus USD 1.4 to 2.6 billion sustainability-linked loan stock, versus USD 0.8 billion and USD 0.18 billion in 2024, with KASIKORN Asset Management, SCB Asset Management, KKR Global Impact Thailand, Bain Capital Double Impact, GSF, GPF and 8 to 12 mid-tier impact funds capturing 70 percent or more of share.

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Atlas actors in this figure's reports

Profiles covered in the report that cite this number.

Kasikorn Asset Management

KBank-affiliated asset manager and major Thai mutual-fund platform.

SCB Asset Management

SCB-affiliated asset manager serving Thailand’s retail and institutional fund market.

Thai Sustainability-Linked Loan Stock at Five Largest Banks · Insight