CIMB Thai says lenders are shifting from green labels to "bankability": whether a project has steady cash flow and low risk. Listed companies must report sustainability risks under IFRS S1 and S2 from 2027, and the Bank of Thailand has started a climate stress test on loan books. For an SME borrower, expect questions on climate exposure of collateral (such as flood or heat risk to premises) and on a concrete plan to cut emissions with costs and owners. Thailand's Net Zero target is 2050 with a 2019 base year. The SEC is consulting on Transition Bond rules, which matters mainly if you supply listed firms.