SCG, a leader in low-carbon construction materials, has signed a cooperation agreement with Kiatnakin Phatra Bank Public Company Limited to drive Thailand’s real estate industry toward sustainable development through “Low-Carbon Innovation–Digital Solutions–Green Loans.” This initiative aims to elevate projects to meet both economic and environmental objectives, establishing sustainability as the new development standard rather than merely an alternative trend.
Mr. Wiroj Phanitpojaman, Chief Marketing Officer of SCG Building Materials Company Limited, stated that “developing low-carbon construction materials is one of the key strategies that will help SCG achieve its net-zero greenhouse gas emissions target by 2050 and support Thailand’s achievement of the same goal. We are committed to creating collaboration to elevate the industry into a low-carbon sector. SCG focuses on developing low-carbon product innovations, including technology development for improved living quality and fostering cooperation across all sectors.”
SCG has developed low-carbon cement and concrete innovations under the CPAC brand that continuously reduce greenhouse gas emissions. The company is expanding its low-carbon construction materials market with products including Seua cement and mortar, Q-CON lightweight blocks that provide thermal insulation, energy savings, and reduced electricity costs, and SCG SOLAR ROOF that converts solar energy into clean power. Additional innovations include ONNEX ACTIVE AIR FLOW, which accelerates natural air circulation and reduces energy consumption, and ONNEX ACTIVE AIR QUALITY, which provides clean air and reduces respiratory health risks. These solutions from ONNEX by SCG aim to create living spaces that minimize environmental impact, promote health, and enhance quality of life for modern families.
The company has also developed KITCARBON, a platform that enables project owners to easily assess building carbon footprints. The assessment results can be used to support Green Loan applications for real estate businesses with banks.
Mr. Surat Leelataviwat, President of Business Credit and Corporate Credit divisions at Kiatnakin Phatra Bank Public Company Limited, explained that “the real estate industry serves as one of the main economic mechanisms that consumes vast quantities of construction materials and energy, directly impacting the environment. Kiatnakin Phatra Bank prioritizes integrating ESG approaches into this industry to support sustainable project development.”
The bank is committed to serving as an enabler for Thai businesses to transition to environmentally friendly models through partnerships with leaders like SCG in low-carbon construction materials. The objective is to strengthen customers’ competitive capabilities in markets that increasingly value environmental responsibility. Today, it is clearly proven that sustainability is not merely an alternative trend or temporary matter, but rather a long-term strategy and the new standard for development.
The bank has identified that one of the significant challenges for real estate developers is transitioning to sustainable approaches, which often involves high costs and limitations in specialized knowledge. The collaboration between Kiatnakin Phatra Bank and SCG addresses this gap. The bank will serve not only as a lender but as a financial advisor that understands and provides guidance for transitioning to sustainability within the ESG framework. Meanwhile, SCG will strengthen technological capabilities in construction materials and carbon footprint assessment systems, which form the crucial foundation for achieving Net Zero goals that businesses worldwide prioritize.
This collaboration with Kiatnakin Phatra Bank supports credit financing for transitioning to sustainable real estate projects that select environmentally friendly construction materials, reduce natural resource consumption impact, and decrease carbon dioxide emissions into the atmosphere. This represents another approach toward achieving the transition goals for the construction materials industry to reach our Net Zero target
Published on: Aug 1, 2025