Log in
Log in
Or log in with
GoogleGoogle
Twitter Twitter
Facebook Facebook
Apple Apple     
Sign up
Or log in with
GoogleGoogle
Twitter Twitter
Facebook Facebook
Apple Apple     
  1. Homepage
  2. Equities
  3. Thailand
  4. Stock Exchange of Thailand
  5. Krung Thai Bank
  6. News
  7. Summary
    KTB   TH0150010Z03

KRUNG THAI BANK

(KTB)
  Report
End-of-day quote Stock Exchange of Thailand  -  2022-12-01
17.60 THB   -0.56%
11/18Krung Thai Bank Public Company Limited Announces Dividend
CI
10/21Krung Thai Bank Public Company Limited Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
CI
10/20Bearish bets on Asian FX stay firm on towering dollar, slowdown fears
RE
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisionsFunds 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector news

Krung Thai Bank : TBA launches ESG Declaration

08/29/2022 | 11:01am EST

Joint Press Release
TBA launches ESG Declaration, a strong collective commitment to expediting sustainable development toward better and greener economy

Bangkok (29 August 2022) - The Thai Bankers' Association (TBA) announces its ESG Declaration to set the banking industry's clear common direction in addressing the Environmental, Social, and Governance (ESG) agenda with proactive execution, while raising awareness on sustainability among stakeholders and driving Thai economy toward sustainable growth.

The move marks a momentous milestone for Thai banks and reaffirms their steadfast commitment to sustainable banking, following previous concerted actions to lay the foundations of the industry's frameworks, namely its adoption of the Sustainable Banking Guidelines - Responsible Banking, and the UN Principles for Responsible Banking.

In pursuing its shared vision of sustainable development goals with the introduction of ESG Declaration, the TBA outlined action priorities in addressing key issues of emerging ESG risks and opportunities in relation to climate change, diversity and human rights, financial inclusion, and reduced inequalities, while fully supporting Thailand's smooth transition toward achieving UN Sustainable Development Goals and its commitments to the Paris Agreement.

Under the ESG Declaration, all TBA members agree on six shared action priorities:

  1. Governance: Ensure good corporate governance and effective oversight at the board level, with clear accountability and responsibility at the management level regarding the Environmental, Social, and Governance (ESG) agenda
  2. Strategy: Integrate ESG into business strategies and define frameworks for sustainable finance to support Thailand in making harmonious transition towards net zero society as committed
  3. ESG Risk Management: Incorporate ESG into risk management processes
  4. Financial Products: Utilize digital technology to increase financial accessibility; help customers achieve Net Zero emissions and sustainable growth
  5. Communication: Communicate and collaborate with all stakeholders in raising public awareness on ESG issues
  6. Disclosure: Develop monitoring and reporting systems in line with Thailand's regulatory frameworks and global sustainability disclosure standards

Dr. Sethaput Suthiwartnarueput, Governor of the Bank of Thailand, was of the view that "The ESG Declaration launched by the TBA today underscores the Thai banking sector's concrete actions to collectively incorporate sustainability into their policy directions. With specified details of action plans, timelines, and key performance indicators, banks can efficiently play their predominant role in tackling Thailand's sustainability challenges, especially on the environmental aspect where climate change issue has become intensifying. The TBA's declaration aligns with the BOT's Directional Paper on Transitioning towards Environmental Sustainability Under the New Thai Financial Landscape. The Bank of Thailand stands ready to support the Thai banking sector in driving Thai economy to move forward on sustainable path and achieve its smooth transition successfully in time."

Ms. Kattiya Indaravijaya, in her capacity as a board member of the Thai Bankers' Association (TBA); co-sponsoring CEO of the Sustainability Theme, which is a cooperative effort between KASIKORNBANK and Bank of Ayudhya; and CEO of KASIKORNBANK, said on behalf of the TBA board: "Given our key role as responsible financial intermediaries, we recognize the urgency and seriousness of climate change and the need to drive Thailand's sustainable growth. The ESG Declaration highlights our ambitious commitment to becominga key driver of sustainable economic and social development efforts for a better and greener economy. With our determined intention and all members on board, there are plenty of collaborative actions to be taken further by TBA members to ensure that we set forth the accelerated implementation of the agreed goals."

With the ESG Declaration, the TBA pledged to act consistently and collectively to change, with transparency and resilience, in order to ensure interoperability and comparability among all members of the TBA, under a "comply or explain" principle. In this regard, a handbook specifying related details of subsequent actions, timelines, and key performance indicators for each ESG component will soon be developed.

Bank of Thailand
Thai Bankers' Association
29 August 2022

For media queries, please contact:
Financial Institutions Strategy Department
Tel: +66 2283 6687
E-mail: Sustainability@bot.or.th

Disclaimer

Krung Thai Bank pcl published this content on 29 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 August 2022 15:00:06 UTC.


ę Publicnow 2022
All news about KRUNG THAI BANK
11/18Krung Thai Bank Public Company Limited Announces Dividend
CI
10/21Krung Thai Bank Public Company Limited Reports Earnings Results for the Third Quarter a..
CI
10/20Bearish bets on Asian FX stay firm on towering dollar, slowdown fears
RE
08/29Krung Thai Bank : TBA launches ESG Declaration
PU
08/11Krung Thai Bank Public : Resolution of the Exercise of 13 Derivative warrants issued by KG..
PU
08/11Krung Thai Bank Public : Resolution of the Exercise of 75 Derivative warrants issued by YU..
PU
08/10Set Adds New Listed Securities : KTB06C2212A to be traded on August 11, 2022
PU
08/08Set Adds New Listed Securities : KTB01C2212X to be traded on August 9, 2022
PU
08/05Set Adds New Listed Securities : KTB42C2301G to be traded on August 8, 2022
PU
08/03Krung Thai Bank Public : Resolution of the Exercise of 30 Derivative warrants issued by AS..
PU
More news
Analyst Recommendations on KRUNG THAI BANK
More recommendations
Financials
Sales 2022 122 B 3 501 M 3 501 M
Net income 2022 32 617 M 939 M 939 M
Net Debt 2022 - - -
P/E ratio 2022 7,56x
Yield 2022 4,07%
Capitalization 246 B 7 082 M 7 082 M
Capi. / Sales 2022 2,02x
Capi. / Sales 2023 1,95x
Nbr of Employees 20 971
Free-Float 38,0%
Chart KRUNG THAI BANK
Duration : Period :
Krung Thai Bank Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends KRUNG THAI BANK
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 20
Last Close Price 17,60 THB
Average target price 17,83 THB
Spread / Average Target 1,28%
EPS Revisions
Managers and Directors
Payong Srivanich President & Executive Director
Saranya Vejakul Senior EVP & Head-Financial Management Group
Krisada Chinavicharana Chairman
Santi Parivisutt Senior EVP, MD & Head-Operation Group
Pongsit Chaichutpornsuk Secretary, SEVP, Head-Compliance & Legal
Sector and Competitors