Sansiri and Kasikornbank Launch Green Real Estate Initiative
Sansiri and Kasikornbank have partnered to create Thailand's first green real estate financing ecosystem, issuing the nation's first residential green bond and approving 4 billion baht in green project loans for low-carbon developments cert
Sansiri has partnered with Kasikornbank to revolutionize the "comprehensive three-dimensional green real estate ecosystem" (Green Loan – Green Bond – Green Retail Loan), spanning the entire supply chain from capital markets and project development to consumer financing. According to Uthai Udom Saengsukhaphan, Chief Executive Officer of Sansiri Public Company Limited, this collaboration demonstrates the company's genuine competitive advantage in green real estate at international standards. Sansiri embedded sustainability into its thinking and design processes (Sansiri Sustainable Design) from the outset, and the Thailand Taxonomy has served as both a catalyst and validator, making Sansiri Thailand's first property developer to receive green loans and the first residential developer to issue green bonds, certified by international assessors such as Bureau Veritas for low-carbon project development.
Kattiya Intrawijit, Chief Executive Officer of Kasikornbank, stated that in a world with new rules, sustainability is not merely a bonus—it is a business license. The financial sector acts as a critical engine that accelerates business transformation. Kasikornbank is committed to connecting clients and partners to comprehensive climate finance, tools, knowledge, and solutions. The partnership with Sansiri as a supply chain leader will serve as a model showcasing the practical application of Thailand Taxonomy as a project evaluation tool, giving early adopters competitive advantage in accessing lower-cost green financing and enabling large enterprises and SMEs across the supply chain to overcome challenges and grow sustainably toward Net Zero.
The collaboration between Sansiri and Kasikornbank delivers concrete results: (1) Thailand's first green bond for residential real estate, with Kasikornbank as the arranging bank, directing fundraising toward low-carbon projects on the Sathon site; (2) Green Project Loan approving 4 billion baht in green project development financing for three prototype condominium projects meeting strict Thailand Taxonomy criteria in construction and real estate, certified by Bureau Veritas to guarantee 25–35% energy savings and translate environmental benefits into cost reductions for consumers.
