The Role of ESG Integration in Green Finance toward Achieving Sustainable Development Goals

This study aims to investigate the knowledge, attitudes, and behaviors of entrepreneurs and investors in Thailand regarding Green Finance and ESG (Environment, Social, Governance) investments, and to evaluate their potential impact on sustainable development. A structured questionnaire was distributed to 400 respondents, covering four main areas: demographic information, knowledge of Green Finance, attitudes toward ESG investments, and behavioral patterns or willingness to invest. Data were analyzed using descriptive statistics, mean values, and standard deviation. The results revealed that the majority of respondents possessed a high level of knowledge about Green Finance (74%), particularly in areas such as financial instruments (e.g., Green Bonds, ESG Funds) and the roles of regulatory agencies. Attitudes toward Green Finance were strongly positive (Mean = 4.27, SD = 0.73), highlighting its perceived importance in addressing environmental challenges and enhancing business competitiveness. However, actual investment behavior remained moderate (Mean = 3.45), with respondents citing concerns over financial returns and transparency. Despite this, the willingness to engage in ESG-related investments in the future was notably high, especially in supporting companies that adopt ESG principles and in calling for stronger governmental measures to promote Green Finance. The findings suggest that while Thailand demonstrates significant potential for advancing Green Finance, its success relies on clear policy frameworks, tax incentives, standardized ESG reporting, and increased public awareness. Strengthening these factors will be essential for positioning Green Finance as a driving force in Thailand’s transition toward sustainable development.

Authors

Publication Details

Journal
Ecology Environment and Conservation
Published
2025-09-30
DOI
https://doi.org/10.53550/eec.2025.v31i03.068
Primary Topic
Sustainable Finance and Green Bonds
Type
article
Field-Weighted Citation Impact
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article

The Role of ESG Integration in Green Finance toward Achieving Sustainable Development Goals

P. Wongthong, N. Vattanaprateep, P. Peerapong, P. Hathaipichitchai
Ecology Environment and Conservation
Sustainable Finance and Green Bonds
article

The Role of ESG Integration in Green Finance toward Achieving Sustainable Development Goals

P. Wongthong, N. Vattanaprateep, P. Peerapong, P. Hathaipichitchai
article en

Abstract

This study aims to investigate the knowledge, attitudes, and behaviors of entrepreneurs and investors in Thailand regarding Green Finance and ESG (Environment, Social, Governance) investments, and to evaluate their potential impact on sustainable development. A structured questionnaire was distributed to 400 respondents, covering four main areas: demographic information, knowledge of Green Finance, attitudes toward ESG investments, and behavioral patterns or willingness to invest. Data were analyzed using descriptive statistics, mean values, and standard deviation. The results revealed that the majority of respondents possessed a high level of knowledge about Green Finance (74%), particularly in areas such as financial instruments (e.g., Green Bonds, ESG Funds) and the roles of regulatory agencies. Attitudes toward Green Finance were strongly positive (Mean = 4.27, SD = 0.73), highlighting its perceived importance in addressing environmental challenges and enhancing business competitiveness. However, actual investment behavior remained moderate (Mean = 3.45), with respondents citing concerns over financial returns and transparency. Despite this, the willingness to engage in ESG-related investments in the future was notably high, especially in supporting companies that adopt ESG principles and in calling for stronger governmental measures to promote Green Finance. The findings suggest that while Thailand demonstrates significant potential for advancing Green Finance, its success relies on clear policy frameworks, tax incentives, standardized ESG reporting, and increased public awareness. Strengthening these factors will be essential for positioning Green Finance as a driving force in Thailand’s transition toward sustainable development.

Ecology Environment and ConservationVol. 31(03)
Openalex Percentile: Top 64%
Sustainable Finance and Green Bonds
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The Role of ESG Integration in Green Finance toward Achieving Sustainable Development Goals — P. Wongthong, N. Vattanaprateep, et al. · Ecology Environment and Conservation (2025) | TGRS Research Map | TGRS