Bangkok--17 Jan--Standard Chartered Bank
- Opportunity2030 study reveals the almost USD10 trillion private-sector investment opportunity in contributing to the UN Sustainable Development Goals (SDGs) in emerging markets
- At around USD40 billion, the greatest private-sector opportunity in Thailand is in transport infrastructure (SDG 9)
The Standard Chartered SDG Investment Map reveals an almost USD10 trillion (USD9.668 trillion) opportunity for private-sector investors across all emerging markets, with Thailand representing around USD58 billion of that total.
The study identifies opportunities for the private sector to contribute to three infrastructure-focused goals between now and 2030: SDG 6: Clean Water and Sanitation, SDG 7: Affordable and Clean Energy and SDG 9: Industry, Innovation and Infrastructure across emerging markets.
Rapid progress, vast potential
In Thailand, the greatest SDG investment opportunities are found in transport infrastructure and improving digital access, both key indicators of SDG 9, which encourages improvement in industry, innovation and infrastructure.
Opportunity2030 finds that to significantly improve Thailand's transport infrastructure will require an estimated private-sector investment of USD40.6 billion between now and 2030, and to achieve universal digital adoption – a combination of mobile phone subscriptions rates and internet connectivity – will require private-sector investment of around USD17 billion.
Thailand already has universal access to power (a key SDG 7 indicator) and 99 per cent of the population has access to clean water and sanitation (a key SDG 6 indicator). Achieving universal access to clean water and sanitation therefore represents a relatively modest opportunity for the private sector of USD0.7 billion.
Plakorn Wanglee, President & CEO at Standard Chartered Bank (Thai) said:
"Thailand is an SDG success story so far. As the country continues its efforts towards the goals, the private sector has a central role to play, especially with the government expressing commitment to encourage more private sector investment.
"Opportunity2030 provides an important map of the SDG opportunities for private sector investors looking to invest with impact and improve the lives of millions of Thais over the next decade."
Bill Winters, Group Chief Executive at Standard Chartered, said:
"The UN Sustainable Development Goals are amongst the most ambitious projects humanity has ever attempted. As well as offering our best hope yet of tackling the world's most serious challenges, they also offer a unique opportunity for the private sector. For the goals to be met, the private sector must play a central role in deploying capital to get projects off the ground. Opportunity2030 provides a map of these opportunities, revealing the sectors and markets where investors can best contribute to the SDGs whilst achieving sustainable returns."
"Currently, not enough capital is reaching the countries that need it the most. With the UN's 2030 deadline for achieving SDGs just 10 years away, the time to act is now."
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