Sustainable Development

Krungsri firmly embraces the mission 'to be a leading regional financial institution with global reach, committed to responsibly meeting customer needs and serving society through sustainable growth’ and launches innovative products and financial services in parallel with economic, social, environmental requirements as well as expectations of all groups of stakeholders.

On top of that, Krungsri focuses on supporting the businesses that create positive impacts on the community and society on the basis of sustainable development, reaffirming the Bank’s commitment to ‘sustainable banking’ with a strict adherence to ‘responsible lending’—the principle to which the Bank has conformed on a continual basis.

2019 is a crossroad for Thailand’s banking industry regarding collaboration with one another to promote sustainability. As a financial service provider, the Bank serves as an ’intermediary’ which plays a significant role for the economic system. Thus, Krungsri, as a Domestic Systemically Important Bank (D-SIB), joined force the Thai Bankers’ Association and 14 commercial banks to sign the memorandum of understanding on ‘Sustainable Banking Guidelines – Responsible Lending’—reflecting a common goal of the country’s banking sector in achieving the sustainable development aspiration.

Krungsri will strengthen and reinforce its business undertakings in line with the ‘sustainable banking’ guideline to drive and develop the economic and social system as well as pass on shared values to all groups of stakeholders.

   

Krungsri and the SDG2030

Krungsri places importance on achieving the ‘Sustainable Development Goals (SDGs)’ initiated by the United Nations within a period of 15 years from 2015-2030. Therefore, the Bank establishes strategies, targets, action plans, and projects that are corresponding to and in line with the SDGs as follows:
 

Sustainable Development Goals (SDGs)	Examples of Krungsri’s initiatives to promote sustainability
	Promote financial inclusion—especially for grass-roots people such as nano-finance and microfinance
	Promote access to essential public health services such as Employees: arrangement for the influenza vaccination program, provision of health insurance and annual check-up, arrangement for a medical room with the medical doctors to provide preliminary diagnosis and health consultation to the employees etc. Communities and society: arrangement for mobile mammography units to offer health consultation and breast cancer examinations to female residents living in the area around Krungsri Head Office etc.
	Share financial knowledge and improve necessary skills of students in senior high schools and universities through the Krungsri Financial Literacy project to promote sustainable development as well as disseminate knowledge about finance, investment, and business planning to street vendors and those who chose the wrong path etc. Support, build, and upgrade educational equipment and materials through the Krungsri Auto Library project etc.
	Support the role of women and offer them equal treatments to assume a leadership role at every level of the organization such as the Chief Financial Officer and the Chief Information and Operations Officer etc. Offer equal opportunities to women to access financial services such as the gender bond issuance etc.
	Jointly protect and restore the ecosystem of water resources, mountain, forest, wetland, river, etc., through CSR activities, such as check-damn building at the Doi Tung Development Project in Chiang Rai and the Huai Sai Royal Development Study Centre in Phetchaburi etc. Enhance water use efficiency in the organization to promote the efficient usage of natural resources and reduce the risk of water scarcity
	Provide green energy loans to increase renewable energy sources which will be integrated with normal energy sources of the country and the world Promote and support investments in the energy infrastructure and green energy technology
	Promote economic efficiency through the adoption of technology and financial innovations Promote and expand accessibility of banking, insurance, and financial services to the general public Encourage the establishment and growth of small and medium-sized entrepreneurs by offering financial support such as loans for SMEs and micro-SMEs etc. Treat employees with fairness and respect human rights Take relevant and appropriate actions concerning well-being, safety, and working environments in line with legal requirements
	Promote access to data technology and communication by donating computers to schools in remote areas Promote innovative and smart working approaches Use innovation and technology to facilitate customer convenience in accessing products and services such as Krungsri Mobile Application (KMA) etc.
	Promote equal opportunity and reduce inequality—especially launching financial products and services to address the issues about inequality regardless of age, gender, physical disabilities, financial status, ethnicity, etc., such as the issuance of gender bond and offering account opening service to visually impaired people etc.
	Promote protection and restoration of national heritage sites such as the Ayutthaya historical site restoration activity (Ayutthaya Historical Park)
	Conduct waste sorting, reduction, and reuse activities such as ’Krungsri Zero Waste’ and ‘Care the Bear’ project in collaboration with the Stock Exchange of Thailand etc.
	Raise awareness of the Bank’s employees to reduce the risks arising from climate change through training and activities Reduce the impact of climate change by formulating a plan to reduce carbon footprint within the organization and establishing targets to reduce greenhouse gas emission at Krungsri Head Office
	Promote the preservation of marine ecosystems by organizing mangrove planting activities in Chon Buri and Chachoengsao
	Promote and organize tree planting activities to restore land ecosystems such as the tree planting project at Khao Mai Kaew in Chon Buri and the joint effort to develop the green area under the ‘Our Khung Bangkachao’ project in Samut Prakan etc.
	Adhere to the good corporate governance and anti-corruption practices Operate the business according to the sustainable banking principle by taking into consideration the environmental, social, and governance (ESG) aspects Promote the policy on impartial treatments such as promotion of diversity in the organization regardless of race, religion, gender and so on.
	Promote and support the establishment of sustainable development networks Participate with stakeholders, communities, and society through various activities and projects to achieve sustainable development goals

Sustainable Development Goals (SDGs)
Examples of Krungsri’s initiatives to promote sustainability
Promote financial inclusion—especially for grass-roots people such as nano-finance and microfinance
Promote access to essential public health services such as Employees: arrangement for the influenza vaccination program, provision of health insurance and annual check-up, arrangement for a medical room with the medical doctors to provide preliminary diagnosis and health consultation to the employees etc. Communities and society: arrangement for mobile mammography units to offer health consultation and breast cancer examinations to female residents living in the area around Krungsri Head Office etc.
Share financial knowledge and improve necessary skills of students in senior high schools and universities through the Krungsri Financial Literacy project to promote sustainable development as well as disseminate knowledge about finance, investment, and business planning to street vendors and those who chose the wrong path etc. Support, build, and upgrade educational equipment and materials through the Krungsri Auto Library project etc.
Support the role of women and offer them equal treatments to assume a leadership role at every level of the organization such as the Chief Financial Officer and the Chief Information and Operations Officer etc. Offer equal opportunities to women to access financial services such as the gender bond issuance etc.
Jointly protect and restore the ecosystem of water resources, mountain, forest, wetland, river, etc., through CSR activities, such as check-damn building at the Doi Tung Development Project in Chiang Rai and the Huai Sai Royal Development Study Centre in Phetchaburi etc. Enhance water use efficiency in the organization to promote the efficient usage of natural resources and reduce the risk of water scarcity
Provide green energy loans to increase renewable energy sources which will be integrated with normal energy sources of the country and the world Promote and support investments in the energy infrastructure and green energy technology
Promote economic efficiency through the adoption of technology and financial innovations Promote and expand accessibility of banking, insurance, and financial services to the general public Encourage the establishment and growth of small and medium-sized entrepreneurs by offering financial support such as loans for SMEs and micro-SMEs etc. Treat employees with fairness and respect human rights Take relevant and appropriate actions concerning well-being, safety, and working environments in line with legal requirements
Promote access to data technology and communication by donating computers to schools in remote areas Promote innovative and smart working approaches Use innovation and technology to facilitate customer convenience in accessing products and services such as Krungsri Mobile Application (KMA) etc.
Promote equal opportunity and reduce inequality—especially launching financial products and services to address the issues about inequality regardless of age, gender, physical disabilities, financial status, ethnicity, etc., such as the issuance of gender bond and offering account opening service to visually impaired people etc.
Promote protection and restoration of national heritage sites such as the Ayutthaya historical site restoration activity (Ayutthaya Historical Park)
Conduct waste sorting, reduction, and reuse activities such as ’Krungsri Zero Waste’ and ‘Care the Bear’ project in collaboration with the Stock Exchange of Thailand etc.
Raise awareness of the Bank’s employees to reduce the risks arising from climate change through training and activities Reduce the impact of climate change by formulating a plan to reduce carbon footprint within the organization and establishing targets to reduce greenhouse gas emission at Krungsri Head Office
Promote the preservation of marine ecosystems by organizing mangrove planting activities in Chon Buri and Chachoengsao
Promote and organize tree planting activities to restore land ecosystems such as the tree planting project at Khao Mai Kaew in Chon Buri and the joint effort to develop the green area under the ‘Our Khung Bangkachao’ project in Samut Prakan etc.
Adhere to the good corporate governance and anti-corruption practices Operate the business according to the sustainable banking principle by taking into consideration the environmental, social, and governance (ESG) aspects Promote the policy on impartial treatments such as promotion of diversity in the organization regardless of race, religion, gender and so on.
Promote and support the establishment of sustainable development networks Participate with stakeholders, communities, and society through various activities and projects to achieve sustainable development goals