Page 213 - Social Enterprise A New Business Paradigm for Thailand

deduct their investment under applicable tax regulations, thereby reducing their overall tax
burden (WealthMagik, 2025).

The Beacon Impact Fund is managed by Beacon Venture Capital (Beacon VC), the corporate
venture capital arm of Kasikornbank. The fund focuses on ESG (Environmental, Social, and

Governance) investing and was launched with an initial capital of 1.2 billion baht (approximately
USD 30 million). It targets profit-driven startups that operate sustainably and offer solutions
that generate measurable, positive impact across ESG dimensions, with the potential for broad
scalability. The fund also prioritizes companies in the post-revenue stage, those with a proven
ability to generate income, a clearly defined customer base, and strong growth potential. Its
areas of focus (KATALYST, 2021) include:

1. Environmental Impact – The fund supports businesses that reduce carbon dioxide
emissions by lowering fossil fuel consumption (decarbonization), minimizing waste and
overproduction (waste reduction), and implementing strategies to adapt to the effects of

climate change (climate adaptation).

2. Social Impact – The fund targets businesses that promote equity and access to financial and
technological services (financial and digital inclusion), strengthen financial and digital
literacy, and expand access to healthcare services.

3. Governance Impact – The fund invests in businesses that protect consumer rights, promote
transparency across supply chains (supply chain visibility), and uphold integrity in business
operations (Techsauce team, 2023).

In addition to equity investments, large corporations have issued debt instruments to finance

sustainable development initiatives, such as The Union Group’s Sustainability-Linked Bond (SLB)
and Indorama Ventures’ Sustainability-Linked Loan (SLL) (Krin Boonlertwanich, 2024). However,
the social investment market is generally more accessible to large companies with established
CSR activities or those prepared to enter the capital markets. It is particularly suitable for firms
seeking to upgrade their production systems to reduce greenhouse gas emissions. In contrast,
smaller social enterprises often lack the capacity to access these financing tools (Beacon
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Venture Capital, n.d.) .

172 About Us, Beacon Venture Capital, n.d. Retrieved February 14, 2025, from https://www.beaconvc.fund/about-
us
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