Adds details, comments from managers, link to statement

BANGKOK, August 23 (Reuters)Thailand’s central bank said on Tuesday it plans to issue guidelines for banks consider environmental factors in financial products and services they offer.

Guiding lineswhich is scheduled for release in the third quarter, will help the financiers sector, companies and the transition from the public sector to a green economy, the Bank of Thailand said in a statement.

At first, there may not be rules on how banks should lend, but rather incentives for them, Deputy Governor Roong Mallikamas told a press briefing.

A system which defines and classifies economic activities according to their impact on the environment will be completed by January 2023, the BOT said.

Thailand’s economy is particularly vulnerable to climate change given more than a third of its workforce works in theagricultural sector, Governor Sethaput Suthiwartnarueput said during the briefing.

Also, industries that represent more than 13% of Thailand production do not currently take into account issues such as carbon emissions, he added.

Those companies could be hurt by a carbon pricing scheme proposed by the European Union that discourages its members from moving production to countries without strong climate change policies, he said.

(Reporting by Kitiphong Thaichareon Writing by Orathai Sriring; Editing by Kanupriya Kapoor and John Geddie)

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