KASIKORNBANK (KBank) has broken new ground in Thailand’s carbon markets by completing the country’s inaugural Carbon Credit Forward transaction, a financial mechanism that references Verra-certified credits under the Verified Carbon Standard (VCS).
The move positions KBank at the forefront of carbon market innovation, introducing a tool designed to stabilise prices, improve transparency, and strengthen long-term planning for businesses working to meet climate commitments.
The forward contract gives both buyers and project developers greater certainty over pricing and volumes, reducing exposure to volatility while opening new channels for investment in greenhouse gas reduction projects.
For KBank, the deal ensures predictable costs and clearer pathways to meeting its own climate obligations. For developers, it creates stronger price signals, improves bankability, and attracts broader capital participation, accelerating the deployment of carbon projects at scale.
Dr. Karin Boonlertvanich, Executive Vice President at KBank, said the initiative reflects the Bank’s ambition to be a sustainability leader in the region.
Strengthening Thailand’s Carbon Credit Ecosystem
Verra, one of the world’s most widely recognised standard-setters for voluntary carbon markets, provides the certification framework for the transaction.
By anchoring to international benchmarks, KBank has aligned Thailand’s first forward carbon trade with global best practices, enhancing credibility and investor confidence.
This landmark deal is expected to accelerate the development of a more transparent, liquid, and resilient carbon credit market in Thailand.
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By providing tools that align environmental objectives with financial instruments, KBank is not only supporting corporate climate strategies but also helping to establish the foundations of a thriving carbon ecosystem that benefits both business and the environment.
“We are ready to build upon this and lead the transition towards Net Zero goals by offering carbon credit price risk protection,” Dr. Karin stated.
“The knowledge gained from this, which covers end-to-end from accessing internationally certified carbon credit markets to managing and administering related accounting and taxes, will be used to further develop the services of our group companies, such as offering comprehensive climate-related advisory services.”
