EGAT Advances Energy Sustainability via Biodiversity Conservation, Carbon Credits, and Green Bonds

Key summary

The Electricity Generating Authority of Thailand (EGAT) is integrating Environmental, Social, and Governance (ESG) principles into its operations to ensure energy security alongside sustainability. Key initiatives include biodiversity conservation projects such as artificial reefs made from retired insulators at Mae Moh mine, carbon credit generation through the T-VER program since 2014, and financial mechanisms like Sustainability-Linked Bonds (SLB). EGAT issued a 2 billion baht SLB in 2025 with a 5-year term, followed by a 5 billion baht issuance in 2026. The larger bond ties interest rates to achieving a target of reducing greenhouse gas emission intensity by at least 30% by 2030 compared to the 2021 baseline.