UOB Thailand and Build3 Technologies partner to provide subsidized green loans for SMEs transitioning to carbon neutrality, addressing a lack of financial support in implementing sustainable practices.

The Bangkok Post reports that UOB Thailand and Build3 Technologies are partnering to provide green financing solutions to Small and Medium-sized Enterprises (SMEs) seeking to transition towards carbon neutrality. According to the UOB Business Outlook Study 2023, while 96% of SMEs recognize the importance of sustainable practices, only 47% have implemented them due to a lack of financial support. To address this, UOB is offering green loans with a starting interest rate of 2% per annum and a maximum tenor of five years. Companies will first need to access their carbon footprint using the Carbonwize platform.

February 05, 2024
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