17/09/2019

KBank in globally renowned DJSI for the fourth consecutive year

         ​​​​​KBank has been selected as a member of the Dow Jones Sustainability Index (DJSI) family for 2019, in both the DJSI World and Emerging Markets Indices for the fourth year running, the first bank in Thailand to earn this remarkable achievement. The recognition marks KBank’s success in cultivating a Green DNA culture as part of its sustainable development in three dimensions, i.e., economy, society and environment, that is in alignment with international standards.


          Mr. Banthoon Lamsam, KBank Chairman of the Board, stated that KBank has been selected for inclusion in two of the internationally recognized Dow Jones Sustainability Indices (DJSI) 2019, namely the DJSI World and DJSI Emerging Markets Indices. A total of 202 leading banks worldwide participated in 2019’s assessment, with only 12 percent of those achieving the highest scores and being selected. KBank is one of the 25 leading banks to be included in the DJSI World Index, and one of 14 banks to be included in the DJSI Emerging Markets Index. Notably, KBank is the first Thai bank that has been recognized by the renowned DJSI for four consecutive years, from 2016 to 2019. 
          The success is attributed to a collaborative effort from every unit in the organization, which has a shared goal in driving the KBank strategy towards a Bank of Sustainability by achieving tangible results in three dimensions: economy, society and environment. In the past year, KBank continued to pursue our sustainable development operations as follows:​​
          In the economic dimension, KBank strives to create sustainable returns by continuously developing digital technology to present innovative services and products to facilitate the business of consumers and expand the base of service users. Consequently, KBank has maintained the top ranking in Thailand’s digital banking based on the customers’ No. 1 brand survey by Nielsen.
          In the social dimension, KBank promotes diversity and inclusive financial services by rolling out KBank Service as a banking agent which enables customers in remote areas to conveniently expedite financial transactions. Moreover, KBank launched the “QR KBank” e-wallet application to allow payment via smartphone in Lao PDR for the first time. KBank also created the AFTERKLASS platform to promote financial literacy and life skills for youngsters, and the Cultivation of Wisdom program to promote learning experiences for students through research-based projects.
         In the environmental dimension, KBank actively participates in efforts to address climate change by launching USD100 million in sustainability bonds to finance green and social projects, being the first
         Thai and ASEAN bank to take such initiative. KBank has also granted over 780 million Baht of loans to support energy saving projects and environment conservation projects, as well as financial support for alternative energy projects with a combined capacity of 3,700 megawatts. Additionally, KBank is the first Thai commercial bank to be granted Carbon Neutral Certification by the Thailand Greenhouse Gas Management Organization (Public Organization) for carrying out activities to offset carbon emissions in an effort to achieve carbon neutrality.
         Mr. Banthoon added that KBank has implemented the sustainable development policy by creating “Green DNA” and improving every operational process on a par with the required standards to steer the organization towards stable growth, deliver the ultimate benefit to all stakeholders and become a “Bank of Sustainability”, thus contributing to national development and being in line with the international sustainable development target.
​          The DJSI is a stock index that assesses business operational efficiency of companies in the realms of their domestic economies, society and environment. It is widely accepted by businesses worldwide and used by global fund companies as an investment reference indicator because the companies selected as its members can offer favorable and sustainable returns for investors. For this reason, numerous listed companies worldwide want to be part of the DJSI family each year. For the selection of companies to be included in the DJSI World Index, more than 2,500 companies in the capital markets that are recognized as global leaders in sustainable development have been invited, while approximately 800 companies have been invited to be selected as part of the DJSI Emerging Markets Index. The selection criteria used by the DJSI is based on the annual performance of applicants in each category. There is no minimum score, but the consideration focuses on comparative management standards of the applicants in each category. Because the selection criteria are improved every year, applicants must have sustainable organizational management performance that is superior to peers by 10-15 percent in order to be selected as DJSI members. The selection results are announced every year in September.


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