PARTICIPATION IN NATIONAL AND GLOBAL INITIATIVES

SCBX Group supports and collaborates with national and global initiatives and partnerships on environmental, social, and governance, enabling the Group to adopt best practices while taking part in driving global efforts on sustainability agendas.

PUBLIC POLICY ADVOCACY TO PROMOTE SUSTAINABILITY AND TACKLE CLIMATE CHANGE

SCBX Group has a policy in place to support organizations or activities that seek to build an inclusive financial ecosystem while accelerating transition to a low carbon economy. Advocacy of public policies or supports to any organizations must be made based on principles of good governance and ensuring balance in economic, social, and environmental prosperity. In this manner, SCBX Group will not lobby, collaborate, or form relationships with any external organizations on lobbying issues that contradict SCBX’s sustainability strategy, the UN SDGs, demonstrate misalignments or counter the efforts or intents of the Group’s Net Zero aspirations in taking part to limit the average global temperature rise to 1.5°C as mandated in the Paris Agreement.

To ensure that SCBX Group’s approach towards sustainability and climate change is effective and transparent, management committee is responsible for monitoring sustainability progress and performance, reporting to executive committee for endorsement, and to board of directors for approval, in case of any decision making.

Within governance, chief sustainability officer is responsible for overseeing strategy, action plans, and performance monitoring of climate change related issues. This includes mitigation and adaptation measures as well as lobbying activities which must align with SCBX Group’s commitments to Net Zero, adhering to the Paris Agreement and to Thailand’s Net Zero aspiration. Considering the revenue proportion and environmental impacts caused, this commitment is applied to SCBX subsidiaries with operations in Thailand.

In line with this approach, SCBX Group aims to help enable and accelerate climate action beyond its own operations. The Group actively engages with external organizations and collaborative networks to support the financial ecosystem for collective action on climate change and the transition to a low-carbon economy, aligned with its the sustainability strategy, Net Zero aspirations, the Paris Agreement, and Thailand’s climate ambitions.

As part of this engagement, SCBX Group is a member of the Thailand Carbon Neutral Network (TCNN), an initiative established by the Thailand Greenhouse Gas Management Organization (TGO) to foster collaboration among the private sector, public agencies, and local communities in reducing GHG emissions and advancing sustainable growth towards a climate-friendly society. The network supports Thailand’s commitment to achieving net zero emissions in line with the goals of the Paris Agreement.

Through its participation in TCNN, SCBX Group plays an active role in advancing Thailand’s net-zero transition. The Group’s representative has been appointed as a member of the TCNN Implementation & Engagement Subcommittee and serves as an advisor to the TCNN Executive Committee. Through these roles, SCBX contributes perspectives and expertise from the financial and FinTech sectors to support the network’s efforts to strengthen Thailand’s readiness for the transition towards carbon neutrality and net zero.

In particular, SCBX Group seeks to contribute to initiatives that facilitate access to financing and financial solutions for climate technologies, innovation, and transition-related activities, while supporting knowledge sharing, capacity building, and collaboration among TCNN members and relevant stakeholders.