Kasikornbank

The institution has a publicly available policy statement committing to respect ILO core labour rights and expects suppliers to do the same. It describes its process for assessing its human rights risks and discloses what it considers to be its salient human rights issues. In addition, the institution discloses its lobbying expenditures. Decision-making and oversight for the sustainability strategy are assigned to the highest governance body, with performance criteria for senior executive remuneration linked to specific sustainability targets. Implementation responsibility for the sustainability strategy is delegated to various functions, teams, or committees within the institution.

The institution monitors its scope 1-2 emissions and emissions from associated financing activities (Scope 3 category 15). It also discloses the monetary amount of products, services, and capital provided to small and medium-sized enterprises along with its operational details by country.

The financial institution states that political contributions are made with internal approval but could clarify if these are exceptions and the criteria for them. The institution could disclose that it requires third-party lobbyists to comply with its lobbying and political engagement policy.

While the institution identifies and prioritises material sustainability impacts, it has the opportunity to disclose the objective criteria and evidence used in its materiality analysis. Moreover, it provides a partial list of trade associations it is a member of but disclosing a comprehensive list would further improve transparency. Furthermore, the institution has time-bound targets for “green” solutions but could specify the share for climate solutions. It could disclose the aggregate amount, in monetary terms of its provision of products, services, and capital devoted to specified nature-positive solutions and provide examples demonstrating how its offerings support climate adaptation and societal resilience.

It is recommended that the financial institution disclose the breakdown of clients or beneficiaries by income group and clarify processes to prevent divestment from low-income and lower-middle-income countries due to its sustainability strategies and targets. Its risk assessment process should incorporate risks related to ILO fundamental rights at work for those affected by its products and services, with a mitigation process for identified risks. Additionally, the institution could strengthen its disclosure by identifying the social risks associated with its financing activities in relation to net zero transition.

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.