Bangkok Bank 

The financial institution has a publicly available policy statement committing it to respect the ILO core labour rights and a policy expecting suppliers to respect the ILO. Additionally, the financial institution discloses the amount and/or share (in monetary terms) products, services and capital provided to small-and medium-sized enterprises.

Bangkok Bank conducts an impact materiality assessment prioritising impacts through double materiality, but lacks clear objective criteria for impact identification and prioritisation despite having a working team of external consultants. The bank has set comprehensive targets related to its material impacts, with a target date of 2023, but no long-term targets are evident. Recommendations include linking senior executive remuneration to specific sustainability targets and establishing a stewardship policy to support environmental transitions and social best practices.

Although the bank has not engaged in lobbying activities from 2020 to 2023, there is no commitment to prevent adverse sustainability impacts from its political engagement. While it discloses scope 1-2 emissions, it could clarify scope 2 emissions and expand its monitoring of scope 3 emissions. Recommendations also include establishing a transition plan, ensuring emissions reductions align with interim targets, disclosing client income group breakdowns, and avoiding divestment from low-income countries.

There is no evidence that the risk assessment process considers ILO fundamental rights at work, and it is recommended that the bank identifies social risks related to its products and services in the context of the net zero transition, providing examples of actions taken on salient human rights issues.

This scorecard refers to information in English which was publicly available by July 15 2024. AuM and Total assets are stated in USD for comparability and have been calculated based on reported local currency values multiplied by applicable IMF currency converter values.