Climate Change Adaptation

Thanachart Group conducts its business under sustainable development principles, placing strong emphasis on environmental responsibility and participation in mitigating the impacts of climate change-one of the global challenges affecting economic, social, and environmental systems, as well as long-term business stability.

Accordingly, the Group prioritizes systematic management and reduction of greenhouse gas emissions from its operations, covering both direct and indirect emissions across the value chain. This approach supports climate-impact mitigation in alignment with international standards.

Climate Change Risk Analysis and Assessment

Thanachart Group recognizes that climate change may affect business continuity across its entire value chain in the short, medium, and long term. Accordingly, the Group conducts ongoing assessments of climate-related risks, taking into account both physical risks, such as the increasing frequency and severity of extreme weather events that may impact infrastructure, operations, and business continuity, and transition risks arising from the shift toward a low‑carbon economy. These transition risks include changes in environmental regulations, disclosure standards, ESG requirements, and rising expectations from key stakeholders, including government authorities, investors, customers, and society at large.

The results of the climate-risk assessment are integrated into the organization’s Enterprise Risk Management (ERM) process to enable continuous monitoring, analysis, and review of climate-related risks in alignment with changing internal and external conditions.

To address such material risks, the Company has developed a Climate Change Risk Management Plan encompassing mitigation measures, preparedness, and response actions for significant incidents. The objective is to ensure business continuity under increasingly uncertain environmental conditions. The plan has been disclosed on the Company’s website to enhance transparency and enable stakeholders to access comprehensive information on climate-risk management.

Greenhouse Gas Reduction Targets

Thanachart Group has established greenhouse gas reduction guidelines as part of its sustainability operations, ensuring alignment with Thailand’s national climate policy. The Group supports the country’s long-term direction toward reducing greenhouse gas emissions and achieving net-zero emissions by 2050 (B.E. 2593). These targets and approaches may be reviewed or revised in the future in response to relevant factors and conditions.

Examples of Climate-Conscious Products of Member Companies in Thanachart Group in 2025

Regarding the performance
results in 2025

Alternative energy vehicle hire-purchase loans (e.g., battery electric vehicles and hybrid vehicles): total financing of

1,367.63 million baht

representing

11.67

percent of total new loans.

Solar installation loans: total financing of

21.67 million baht

These loans were estimated to reduce Scope 2 emissions by

380.90 ton

tCO₂e

TNI

Drive the continued growth of electric vehicle (EV) adoption by offering insurance products that reduce customer concerns when transitioning from internal combustion engine vehicles to electric vehicles. The EV insurance products offered by Thanachart Insurance fully address battery-related concerns, thereby supporting the expansion of EV usage within Thailand’s EV automotive industry. In 2025, the company’s EV insurance products recorded a growth rate of 77 percent. Thanachart Insurance also focuses on developing insurance products that promote environmental sustainability and reduce environmental impacts, supported by related initiatives to encourage EV adoption, such as collaboration projects with Shell Thailand to provide benefits specifically for EV customers.

In addition, across all motor insurance products, Thanachart Insurance recognizes the impacts of climate change and is therefore committed to driving the transition toward a fully paperless organization. This is achieved through the promotion of online, paperless policy delivery by issuing insurance policies via the E-Policy system and managing claims through Digital Claims processes. These initiatives help reduce resource consumption while enhancing energy efficiency in office operations, thereby lowering the organization’s overall carbon footprint.

Climate Change Action Initiatives of Thanachart Group in 2025

Green Garage Level 2 Project aimed at encouraging partner garages to participate in greenhouse-gas reduction.

10 pilot garages

Estimated reduction: approximately

82,000 kg

CO₂

equivalent to planting about

3,700 trees

Per year

EV for Surveyor Sandbox in BKK project has catered to electric motorcycles for survey operations in Bangkok.

4 cars

Estimated reduction: approximately

850 kg

CO₂

equivalent to planting about

39 trees

over the six-month period

Promote the use electric vehicles (EVs) within the organization to reduce greenhouse gas emission from transportation through test drive activities for executives and employees.

3 model

communicating their benefits to support long-term decisions to switch to clean energy vehicles.

Environmental Performance

(The data scope covers TCAP TNI THANI)

Key Performance Indicators	2023	2024	2025
Greenhouse Gas Emissions (Scope 2)
Greenhouse Gas Emissions (tCO₂e)	727	765	723
Increase/Decrease of Greenhouse Gas Emissions (Percent)	0.53	5.81	-
Greenhouse Gas Emissions per Employees (tCO₂e per Person)	0.48	0.50	0.48
Increase/Decrease of Greenhouse Gas Emissions per Employees (percent)	(0.66)	3.55	-
Greenhouse Gas Emissions (Scope 3)
Greenhouse Gas Emissions (tCO₂e)	56.82	57.05	56.82
Increase/Decrease of Greenhouse Gas Emissions (Percent)	-	0.41	-
Greenhouse Gas Emissions per Employees (tCO₂e per Person)	0.04	0.04	0.04
Increase/Decrease of Greenhouse Gas Emissions per Employees (percent)	-	(2.09)	-

Notes:

The increase/decrease rates are compared against the base year 2023 (the base year was changed from 2022 due to changes in key operating subsidiaries and the expansion of office space within the Group). The data scope covers 1) the Company, 2) THANI, and 3) TNI.
The increase in water and electricity consumption is attributable to the expansion of office space within the Group.
Greenhouse gas emissions under Scope 2 represent indirect emissions from electricity consumption within the organization, while Scope 3 emissions represent indirect emissions from water and paper consumption. The calculation of greenhouse gas emissions (Carbon Footprint) is based on the methodology of the Thailand Greenhouse Gas Management Organization (Public Organization).
The Company is currently studying and collecting data to enable the disclosure of greenhouse gas emissions under Scope 1.