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KasikornbankThailand

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Last update: 2024-10-18 13:44:11
Kasikorn Bank's head office. Photo: Niranarm via Wikimedia (CC BY-SA 4.0)

Active

This profile is actively maintained
Last update: 2024-10-18 13:44:11
Bank info
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About
Website http://www.kasikornbank.com/en/Pages/Default.aspx
Headquarters
1 Soi. Kasikornthai Ratburana Rd.
10140 Bangkok
Thailand
CEO/chair Kattiya Indaravijaya
CEO
Supervisor
Bank of Thailand
Ownership
listed on Stock Exchange of Thailand

Kasikornbank's largest shareholder is the Thai NVDR Company (16.26% as of Sept 12 2024). The bank's complete shareholder structure can be accessed here.

Kasikornbank is Thailand's fourth largest bank by assets. The bank was established in 1945 by Choti Lamsam as a small bank in Bangkok and went public in 1976. The bank has a large portfolio of loans to small and midsize enterprises. In 2003, it changed its former English name Thai Farmers Bank to the current name. Kasikornbank has over 1,000 branches nationwide and some overseas branches mainly in China.

Sustainability
Commitments
Policies
Voluntary standards

Kasikornbank's most important sustainability commitments can be found at the website sections listed below.

Links

Sustainability

Environmental and Energy Conservation Policy

date listed represents date as accessed on website
Bank policy
2024-10-18 00:00:00 | Kasikornbank

Credit Policy on Environment, Social and Governance and Sector-Specific Guidelines (including exclusion list)

Date listed represents date as accessed on website
Bank policy
2022-11-10 00:00:00 | Kasikornbank

Human rights policy

Date listed represents date as accessed on website
Bank policy
2021-11-15 00:00:00 | Kasikornbank

Sustainable development policy

Date listed represents date as accessed on website
Bank policy
2021-11-15 00:00:00 | Kasikornbank

Risk assessment - Climate change policy

Bank policy
2021-06-23 00:00:00 | Kasikornbank

Human rights due diligence guideline

Bank policy
2021-06-22 00:00:00 | Kasikornbank
Kasikornbank has committed itself to the following voluntary standards:
Carbon Disclosure ProjectTags: carbon | climate change | greenhouse gas emissions
Global Reporting InitiativeTags: sustainable development | human rights
Principles for Responsible Banking (PRB)Tags: climate change | corporate social responsibility | finance | sustainable development | United Nations | Voluntary Standards
Dodgy Deals

Kasikornbank is linked to a number of companies and projects that BankTrack considers controversial (so called Dodgy Deals), e.g. as a current or past financier or through an expression of interest. The profiles below provide more details on the nature of Kasikornbank's link to these deals.

Projects / Companies
Finance type
Year
News
BankTrack
Partners
Blog
External
Blog
BankTrack news BankTrack blog Partner news Partner blog

Major ‘coal banks’ refuse to stop financing coal power boom in Asia

To stop a wave of new coal development across Asia, the End Coal Finance coalition is asking likely financiers to pledge not to back new coal power projects.
2024-11-14 | Nijmegen | BankTrack, Inclusive Development International, Recourse
Blog
BankTrack news BankTrack blog Partner news Partner blog

Rights expert urges banks to stop financing Myanmar junta weapons trade

Foreign banks are allegedly helping Myanmar’s military junta acquire weapons and military supplies, facilitating a “campaign of violence and brutality” as the civil war there grinds on, according to an independent UN human rights expert on Wednesday.
2024-06-27 | Tom Andrews, UN Special Rapporteur on the situation of human rights in Myanmar
Blog
BankTrack news BankTrack blog Partner news Partner blog

Confronting a Fossil Future: Stopping the gas detour in renewable-rich Southeast Asia

Massive plans for gas undermine energy transition in renewables-rich Southeast Asia, new research reveals at COP 28
2023-12-03 | Dubai, UAE | Center for Energy, Ecology, and Development (CEED)
Blog
BankTrack news BankTrack blog Partner news Partner blog

Asian banks falling behind in implementation of UN Human Rights Principles, new BankTrack benchmark shows

New benchmark of 18 Asian banks shows human rights performance below the global average
2022-04-05 | Nijmegen | BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

BankTrack calls upon banks to Close the Gap on investment policies

New report evaluates quality of investment policies of 49 banks; more policies in place, overall quality below what is required
2010-04-27 | Nijmegen, the Netherlands | BankTrack
Resources
Documents

Environmental and Energy Conservation Policy

date listed represents date as accessed on website
Bank policy
2024-10-18 00:00:00 | Kasikornbank

CSR report 2023

Annual report
2024-06-11 00:00:00 | Kasikornbank

Annual report 2023

Annual report
2024-06-04 00:00:00 | Kasikornbank

Annual report 2022

Annual report
2023-06-12 00:00:00 | Kasikornbank

CSR report 2022

Annual report
2023-06-05 00:00:00 | Kasikornbank

Credit Policy on Environment, Social and Governance and Sector-Specific Guidelines (including exclusion list)

Date listed represents date as accessed on website
Bank policy
2022-11-10 00:00:00 | Kasikornbank

Annual report 2021

Annual report
2022-06-07 00:00:00 | Kasikornbank

Human rights policy

Date listed represents date as accessed on website
Bank policy
2021-11-15 00:00:00 | Kasikornbank

Sustainable development policy

Date listed represents date as accessed on website
Bank policy
2021-11-15 00:00:00 | Kasikornbank

Human rights due diligence summary 2020

Other bank document
2021-07-05 00:00:00 | Kasikorn Bank

Guidance on Biodiversity Target Setting for PRB signatories

Other document
2021-06-24 00:00:00 | UNEPFI

Risk assessment - Climate change policy

Bank policy
2021-06-23 00:00:00 | Kasikornbank

Human rights due diligence guideline

Bank policy
2021-06-22 00:00:00 | Kasikornbank

Annual report 2020

Annual report
2021-03-07 00:00:00 | Kasikorn Bank

CSR report 2020

Annual report
2021-03-07 00:00:00 | Kasikorn Bank

Close the Gap

Benchmarking investment policies of international banks
BankTrack publication
2010-04-27 00:00:00 | BankTrack

Thailand’s Commercial Banks’ Role in Financing Dams in Laos and the Case for Sustainable Banking

NGO document
2009-12-07 00:00:00 | International Rivers
Accountability
Grievances

According to its Human right due diligence 2023 report Kasikornbank operates a Grievance Redressal mechanism, but does not list where to access this. The bank's general Contact Form can be accessed here.

This page evaluates Kasikornbank's responses to instances of alleged human rights violations linked to its finance, raised by civil society organisations. It is not intended to be exhaustive, but covers selected impacts raised by BankTrack and other civil society partners since 2016. For the full scoring methodology, see here. For more information about BankTrack's evaluation of bank responses to human rights impacts, see the 2021 report "Actions speak louder: assessing bank responses to human rights violations".

Impacts reviewed
Responded?
Total score
Response
Action
Monitoring

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Banks and Human Rights

Banks and Human Rights

BankTrack assessed Kasikornbank in its 2022 Asia Human Rights Benchmark, where it achieved 7.5 points out of 14 and was ranked as a front runner. More information is detailed in the "Accountability" section of this profile.

The BankTrack Human Rights Benchmark

Human Rights Benchmark Asia 2022

BankLast update
Country
Score
Ranking
Details
Kasikornbank
THA
7.5
Front runner 7.5
Explanation
Laggard
Follower
Front runner
Leader
0 - 3 points
3.5 - 6 points
6.5 - 9 points
9.5 - 14 points
For more details see this page.