The first in the world! Beyond Securities “BYD” joined hands with “EA” to deliver carbon credits from TSB under the Bangkok E-Bus Project to Switzerland

Beyond Securities Public Company Limited or “BYD” has announced the success of partnership with Thai Smile Bus Company Limited or “TSB” to enter the collaborative project with Energy Absolute Public Company Limited or “EA” that it has begun gradually delivering carbon credits from the project "Electric Bus in Bangkok Area" (“Bangkok E-Bus Programme”) of TSB, it is the world’s first successful international carbon credit trading. 

This is a collaboration between Thailand and Switzerland under The Paris Agreement, Article 6.2, through the international cooperation framework, it is clearly stated that it must be a voluntary greenhouse gas reproduction project that is beyond the national action plan (Nationally Determined Contributions: NDC). Comply with environmental and human rights quality standards, with Klik Foundation purchasing carbon credits that are generated and using those carbon credits to reduce Switzerland’s greenhouse gas emission according to the goals that have been set.

BYD has been indirectly holding shares in TSB since the end of 2021 and has partnered with EA in studying and developing the greenhouse gas reduction projects under the Bangkok E-Bus Programme since mid-2022. BYD has been providing financial support to TSB since late 2022 with the aim to transform Thailand's public transportation system towards the use of clean electric vehicles that are environmentally friendly, emission-free, contemporary, reduce air and noise pollution, and also lower energy costs. In addition to reducing fuel costs, it is also a project that benefits the public by improving people's livelihoods and supports the country's goal of reaching carbon neutrality, which will also be an important part in solving environmental problems sustainably.

Omsin Siri, Chairman of the Executive Committee and Chief Executive Officer (Support Division), Beyond Securities Public Company Limited “BYD”, revealed that as a result of this success, TSB which is an indirect associate company in which BYD supports its operations, will receive a share of the revenue from delivering carbon credits in this project based on the amount of carbon credits certified, which will vary depending on the usage of the E-Bus. Therefore, it is beneficial to TSB's performance results.

She also added that in addition to BYD being committed to developing the securities business to meet clients and investors needs, the company has also expanded its investment into other interesting businesses that have the potential to generate long-term returns. Setting goals to contribute to environmental conservation in order for Thailand to develop sustainably, systematically and be accepted internationally, like the Bangkok E-Bus Project. Therefore, we would like to invite everyone to join us in making the world and our country a better place.