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2567-06-25
IRPC and KTB Launch ESG-Linked FX Solutions
Partnership promotes corporate ESG as a cost reduction tool.
IRPC, in collaboration with Krung Thai Bank, advances the ESG-Linked FX Total Solutions Program, enhancing foreign exchange management to support IRPC’s sustainability goals.
Phichin Aphiwantanaporn, Senior Executive Vice President Corporate Accounting & Finance at IRPC, stated, “IRPC focuses on financial management and risk management. We are committed to operating our business following the Sustainability Management Excellence framework, aligning with international standards. Our operations balance social, environmental, and good governance aspects. The company has recently adopted sustainable business guidelines in our exchange rate risk management policy by initiating the ESG-Linked FX Total Solutions Program in collaboration with Krung Thai Bank to complete an efficient exchange rate risk ecosystem. Additionally, the ESG goals aim to achieve financial cost reduction through risk management and integrate ESG principles to promote sustainable growth for IRPC.”
Rawin Boonyanusasna, Senior Executive Vice President, Head of Global Markets at Krung Thai Bank PCL, stated, “Krung Thai Bank is committed to developing financial innovations aligned with sustainable development guidelines to meet customer needs. Our focus on the environment, society, and governance (ESG) drives our financial evolution. Recently, we collaborated with IRPC Public Company Limited to integrate financial tools by initiating the ESG-Linked FX Total Solutions Program for foreign exchange risk management. The bank provides advice and supports exchange rate risk management transactions such as FX Forward transactions, Cross Currency Swap transactions, and more. This collaboration addresses IRPC’s risk management needs, involving incomes and expenses as well as Balance Sheet Hedging, using ESG criteria to reduce transaction costs.”
“This is the first ESG collaboration in the form of a Total Solutions Program, aiming to elevate financial innovation in Thailand by combining the strengths of both organisations to develop comprehensive and effective financial solutions. The collaboration focuses on creating sustainable growth while caring for the environment and society, in line with the Sustainable Development Goals (SDGs) of the United Nations. Our venture partnership reaffirms our leadership in sustainable financial innovation, driving ‘innovation creates value’ to meet customer needs towards sustainability.”
