The Thailand Taxonomy Board launched Phase 2, targeting high greenhouse gas sectors. Set for May 27, 2025, it follows stakeholder input and includes a seminar promoting sustainable activity classification.
Key Points
- The Thailand Taxonomy Board launched Phase 2, targeting sectors with high greenhouse gas emissions.
- Developed through stakeholder consultations, this updated taxonomy aims to enhance sustainable classification.
- It will be effective from May 27, 2025, and will be supported by a seminar to promote awareness and implementation.
The Thailand Taxonomy Board has announced the release of Phase 2 of its taxonomy framework, targeting sectors characterized by high greenhouse gas (GHG) emissions. This phase is a strategic extension of the initial taxonomy, aiming to enhance the classification and promotion of sustainable economic activities specifically within industries that contribute significantly to Thailand’s carbon footprint. The development of this taxonomy phase involved extensive consultations with various stakeholders, ensuring that the criteria and classifications reflect both environmental priorities and practical industry insights.
Scheduled for implementation starting May 27, 2025, Phase 2 will be instrumental in guiding investors, companies, and policymakers toward more environmentally responsible practices in high-emission sectors. To facilitate the adoption and understanding of the new taxonomy, the Board will also host a seminar designed to educate and engage relevant market participants. This event is intended to promote transparency, encourage compliance, and foster a collaborative approach to Thailand’s sustainability goals, ultimately helping the country align with global efforts to mitigate climate change.
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