Krungsri partners with Thai Honda to Drive EV Bike Adoption, Propelling Thailand towards Carbon Neutrality

Mr. Pairote Cheunkrut, Krungsri Chief Strategy Officer said "Krungsri, as a responsible financial institution that takes into account social and environmental footprint, committed to helping solve the global issue of climate change. Our partnership with Thai Honda is a significant step in reducing greenhouse gas emissions from our operational processes as we continue to work towards our target of reducing carbon dioxide emissions across our business by 2030. Simultaneously, this collaboration will strengthen Thailand's electric vehicle ecosystem. We believe this collaboration will help both companies advance our shared environmental objectives, while also extending opportunities for the Thais to embrace innovative alternative energy vehicles. In turn, this will also boost Thailand's EV BIKE market, propelling the country towards a sustainable electric vehicle ecosystem and actively bolstering Thailand's transition towards a low-carbon economy society."

Mr. Shiketo Kimura, President of Thai Honda Company Limited, said of the cooperation that "Thai Honda has been developing an EV ecosystem in conjunction with leading partners in both the public and private sectors. We are glad to have joined hands with Krungsri, our new partner and a leading financial institution whose business operations prioritize environmental and social responsibility. Because Thai Honda and Krungsri share the sense of commitment to reducing carbon emissions for a sustainable society, EV bikes have been developed and are now being put to use in internal operations as a starting point from which to build a new EV ecosystem in Thailand."

As part of this collaboration, Krungsri has rented Honda BENLY e:, an electric motorcycle, for document delivery at the Bank's head office and its branches. The Honda BENLY e: is equipped with innovative battery swapping technology (SWAP) and has a top speed of 60 kilometres per hour and a 78-kilometre range per charge.

Mr. Bunsei Okubo, Krungsri Head of JPC/MNC Banking added that "Krungsri is delighted to support Thai Honda to achieve business goals and environmental commitments. In addition to the public relations activities under this collaboration, Krungsri is ready to support customers in their transition to low-carbon investments and business operations. This includes offering comprehensive sustainable financial products (ESG Finance) for renewable energy projects to support customers' sustainable growth, reinforcing our leadership as a Trusted Partner for our customers."

This collaboration reaffirms Krungsri's unwavering commitment to turning the Bank's ESG mission into tangible actions. Krungsri is also fully prepared to collaborate with and provide support to our partners and business clients' journey toward sustainable growth in order to play a significant role in enhancing the quality of life for Thai society and contributing to the nation's path toward sustainable economic development.