The Thailand Taxonomy Phase 2 is published on May 27, 2025, expands the classification system for environmentally sustainable activities to include the agriculture, construction and real estate, manufacturing, and waste management sectors.
Thailand
Timeline
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  2025Framework Development
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  2023Framework Development- 
Bank of Thailand publishes the Policy Statement Environmental and Climate Change Aspects 
 
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  2021Framework Development- 
SEC publishes comprehensive guidance on issuance of sustianability-focused bonds 
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Working Group on Sustainable Finance publishes the Sustainable Finance Initiatives for Thailand 
 Market Actions and Impacts- 
Thai Union Launches Thailand’s First Sustainability-Linked Bond 
 
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  2020Research and Engagement- 
SEC and Thai Bond Market Association launch a Green, Social, and Sustainability Information Platform on ESG debt issuance 
 Framework Development- 
SEC publishes guidelines for issuing Green, Social, and Sustainability Bonds 
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MOF publishes the Sustainable Financing Framework and issues Thailand’s first Sustainability Bond 
 
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  2019Framework Development- 
TBA publishes the Sustainable Banking Guidelines on Responsible Lending 
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Three Regulators Steering Committee establishes and mandates the Working Group on Sustainable Finance (WG-SF) 
 
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  2018Framework Development- 
SEC publishes Guidelines on Issuance of Green, Social, and Sustainability Bonds 
 Market Actions and Impacts- 
TMB Bank issues Thailand’s first green bond 
 
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  2017Framework Development- 
SEC publishes Investment Governance Code for Institutional Investors (I Code) 
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NESDC issues the National Economic and Social Development Plan 
 
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  2016Framework Development- 
Thaipat Institute becomes a signatory of the United Nationssupported Principles for Responsible Investment 
 
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  2015Framework Development- 
The Government of Thailand ratifies the Paris Agreement on Climate Change and commits to reducing its greenhouse gas emissions by 20 percent between 2015 and 2030 
 
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  2014Framework Development- 
Stock Exchange of Thailand joins the UN Sustainable Stock Exchanges (SSE) initiative, making Thailand the first Southeast Asian country committed to promoting sustainability within its 
 capital markets
 
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  2012Research and Engagement- 
TBA joins SBFN 
 
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