Krung Thai Bank 

Krung Thai Bank provides quantitative disclosures on the health and safety of its workers and has a publicly available policy statement committing to respect human rights. It also shares a list of trade associations to which it belongs. The institution monitors its Scope 1-2 emissions and tracks other Scope 3 emissions, categorized by type. Additionally, it discloses the amount and/or share (in monetary terms) of products, services, and capital allocated to small- and medium-sized enterprises.

Krung Thai Bank has a materiality impact assessment which identifies 13 topics, however, it is unclear whether the institution presents supportable evidence for its prioritization of impacts. Recommendations include disclosing third-party assurance for target reporting, linking senior executive remuneration to sustainability targets, and clarifying alignment of stewardship activities with sustainability strategy. The financial institution commits to refraining from lobbying against climate policies but lacks evidence of a broader commitment on sustainability topics. There is no disclosure of products or services linked to high-emitting sectors, and while financed emissions are being collected, they are not disclosed.

Recommendations include establishing a transition plan, reducing scope 1-3 emissions in line with interim targets, and disclosing processes for avoiding divestment from low-income countries. The assessed entity has a publicly available policy statement committing to three fundamental human rights as declared by the ILO, approved by its highest governance body, but lacks evidence of a commitment to eliminate forced or compulsory labour and abolish child labour. Moreover, the institution acknowledges human rights due diligence but lacks evidence of risk assessment processes related to ILO rights, and it is recommended to disclose mitigation processes for identified risks and provide 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.