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Last update: 2023-11-07 15:11:23

Active

This profile is actively maintained

Last update: 2023-11-07 15:11:23

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 (14.43% as of Nov 7 2023). 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

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

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

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

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

Bank document

2021-07-05 00:00:00 | Kasikorn Bank

Guidance on Biodiversity Target Setting for PRB signatories

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 2021 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

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

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.

Send feedback on this profile

Active

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Links

Sustainability

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

Human rights policy

Sustainable development policy

Risk assessment - Climate change policy

Human rights due diligence guideline

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

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

BankTrack calls upon banks to Close the Gap on investment policies

Annual report 2022

CSR report 2022

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

Annual report 2021

Human rights policy

Sustainable development policy

Human rights due diligence summary 2020

Guidance on Biodiversity Target Setting for PRB signatories

Risk assessment - Climate change policy

Human rights due diligence guideline

Annual report 2020

CSR report 2020

Close the Gap

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

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Banks and Human Rights

The BankTrack Human Rights Benchmark

Human Rights Benchmark Asia 2022