KBank earns the highest S&P Global ESG Scores of the banking category in ASEAN

Tuesday 16 February 2021 14:18
KASIKORNBANK (KBank) has risen to the forefront as a world-class Bank of Sustainability after it earned the highest S&P Global ESG Scores in ASEAN and was awarded the prestigious S&P Global Silver Class distinction in the banking category based on the assessment of corporate sustainability performance in the S&P Global Corporate Sustainability Assessment (CSA). This recognition reflects well upon KBank's business strategies that are in line with the principles of a Bank of Sustainability which is always ready to contribute to the country's economic growth.
KBank earns the highest SP Global ESG Scores of the banking category in ASEAN

Ms. Kattiya Indaravijaya, KBank Chief Executive Officer, said that KBank was the only Thai bank to be selected for inclusion in the Dow Jones Sustainability Indices (DJSI) for the fifth consecutive year. In the latest development, the Bank has been listed in S&P Global's Sustainability Yearbook 2021 and won an S&P Global Sustainability Award, with the highest S&P Global ESG Scores in the banking sector within the ASEAN region, as well as earning the Silver Class distinction of the banking category.

These marks of acclaim reinforce KBank's determined efforts in operating business in line with the principles of a Bank of Sustainability, accounting for the balance of the economic, social and environmental dimensions with sustainable development practices tangibly ingrained in all its work processes as part of the Bank's corporate DNA. The internationally recognized achievements are reflected in KBank's operations in the following three dimensions:

In terms of the economy, KBank has conducted its business by harmoniously blending the competency of our personnel with state-of-the art technologies, effective management, good governance, as well as products and services that meet the customers' needs. The Bank's investments are also based on ESG principles, with the aim of creating sustainable returns.

In terms of the environment, KBank has consistently improved and developed its operational processes so that they do not create any impact on the environment. For environmental conservation, its employees have been encouraged to reduce the use of plastic, save energy and segregate waste for enhanced management efficiency. Additionally, KBank has promoted stakeholders to reduce pollution through a climate change campaign, and provided businesses financial support for the improvement of their manufacturing efficiency so as to cut energy consumption in alignment with KBank's goal of creating a zero-carbon society.

In terms of social contribution, KBank has always ensured that the competency of its human resources is on par with the required standards. Aside from providing a good working environment for employees, KBank has also offered them learning systems that match their requirements during the 'new normal' era. Concurrently, useful activities have been organized for local communities and the society as a whole, such as the AFTERKLASS project, aimed at offering financial literacy and professional skills of the future for young people. Such activities are part of KBank's role as a good corporate citizen of the country.

Ms. Kattiya added that, as a Bank of Sustainability, KBank aims to deliver value beyond profit alone by generating sustainable returns and carrying out operations under a long-term vision to pave the way for future generations, while also giving priority to related stakeholders in a comprehensive manner. All of these endeavors will allow KBank to conduct sustainable operations over the long term, and in turn foster meaningful and sustainable economic growth for the nation.

Source: Kasikorn Bank

KBank earns the highest SP Global ESG Scores of the banking category in ASEAN