Thailand
DSIK is working with the Bank for Agriculture and Agricultural Cooperatives (BAAC) on integrating environmental, social and governance (ESG) related aspects into its risk management framework.
From June 2024 to July 2025 in the framework of the GIZ Project “Innovative Climate Risk Financing for the Agricultural Sector in the ASEAN Region (AGRI CRF) and in cooperation with the University of Kempten, BAAC has been equipped to implement the ESG Risk Radar. This Methodology allows for the identification and measurement of ESG related risks on a portfolio as well as individual client level.
Beginning in September 2025 DSIK and GIZ will continue this work with BAAC as part of the Green Climate Fund supported “Thai Rice” Project. The Project aims to reduce the greenhouse gas emissions of the largest food sector in the country and make small holder rice farmers more resilient to climate change. BAAC will be supported in including ESG related aspect into their risk management strategy, policy and systems as well as lending operation, based on the ESG Risk Radar methodology.
Former projects:
Together with the Fiscal Policy Office (FPO) and the Government Savings Bank (GSB), DSIK implemented the project “Supporting the Socio-Ecological Transformation of the Economy in Thailand through Financial Literacy” (short Strengthening of Financial Capability) from August 2017 to July 2023. The project aimed at strengthening the financial and ecological capabilities of the target groups.
Between 1992 and 1998, DSIK together with GSB has been implementing the project “Lending activities in rural areas” with a focus on loans to private individuals, the improvement of lending procedures and in changing the legal foundations of the GSB to grant it greater self-government in formulating business policy matters.
