IRPC Secures 5 Billion Baht Sustainability Loan
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IRPC Secures 5 Billion Baht Sustainability Loan

IRPC Secures 5 Billion Baht Sustainability Loan

Somrudee Charoenkrongsakul, Acting Senior Manager of Treasury, representing IRPC Public Company Limited (IRPC), received a 5 billion Baht sustainability loan from Papakorn Ratanaseth, Deputy Director of Government Savings Bank (GSB). This marks the first instance of a bank incorporating ESG scores in its lending decisions, favouring businesses with positive environmental impacts and promoting green finance. IRPC received an excellent ESG score due to its responsible business practices towards society, communities, and the environment. The loan will be used to invest in refinery efficiency improvements and upgrade diesel quality to Euro 5 standards, reducing pollution and PM 2.5 emissions, aligning with the company's Eco Factory policy.

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