Today, global communities are navigating waves of change, particularly in global trade and investment, which may impact the future growth of the global economy. Krungthai Bank, one of Thailand’s domestic systemically important banks (D-SIBs) designated by the Bank of Thailand (BOT), has constantly been contributing to addressing and dealing with the country’s challenges, which is in alignment with the Bank’s vision of “Growing Together for Sustainability.” To this end, we focus on building a strong economic foundation, preparing the nation for technological advancements, innovations, and environmental changes that impact Thai people's way of life as well as the country’s growth potential and global competitiveness.

We collaborate with stakeholders across all sectors to provide responsible lending, address sustainability issues, and implement human rights practices. Our efforts include tackling informal and household debt through debt restructuring policies, the "You Fight, We Help" program to support vulnerable groups, and the Sustainable Civil Servant Debt Consolidation Scheme. Additionally, we engage in social initiatives, including providing financial literacy education and promoting financial inclusion by designing financial products and services that are accessible to diverse groups of customers and citizens. We have also introduced a Sustainable Lending Policy. Our efforts aim to foster economic development, reduce inequality, promote social equity, and enhance people's quality of life amid drastic and rapid changes in innovation. Furthermore, we have expanded our operations and built partnerships with various organizations to enhance our ability to create positive impacts, mitigate negative ones, and strengthen risk management capabilities across the supply chain, which is a significant step towards establishing a long-term sustainable foundation for the country.

The Board of Directors and Executives have worked together to develop policies, strategic plans, and business strategies to support Thailand's transition and its path towards achieving net-zero greenhouse gas emissions, as efforts of the finance and banking sector can contribute to guiding and facilitating the effective transition of the business sectors. We place importance on global sustainability indexes. A Green Financing Framework has been established to ensure the development and provision of sustainable finance solutions for our customers and citizens. This framework encompasses Green Loan Principles (GLP), Green Bond Principles (GBP), and Green Deposits. Additionally, we offer Sustainability-Linked Loans to facilitate the industrial sector's transition systematically.

At the same time, we are implementing an action plan to drive sustainability and minimize negative impacts across our supply chain. We have set a target to achieve net-zero greenhouse gas emissions for Scope 1 and 2 across all our premises by 2030, which will be accomplished by increasing the proportion of renewable energy consumption and enhancing energy efficiency. Moreover, we collaborate with stakeholders to develop climate transition plans in alignment with the finance and banking sector to achieve net-zero emissions by 2065, as outlined in the national climate action plan. Concurrently, we are enhancing our operations and developing the knowledge and capabilities of our workforce to strengthen competitiveness and achieve net-zero targets.

We prioritize establishing good governance within our organization because a strong foundation will immunize us from uncertainties and potential threats and enable us to grow sustainably. To this end, we have developed strategies for the short, medium, and long term to ensure our operations remain relevant and aligned with current circumstances. We are determined to connect the country's infrastructure by integrating digital and financial innovations to enhance societal connectivity and support equitable and inclusive access to financial services. Furthermore, we collaborate with the public sector and the finance and banking sector to advance the development of the Central Fraud Registry (CFR) to prevent and minimize the impact of cyber threats on the economy, society, and the way of life of the people. As a result of these efforts, we have been recognized for our progress and achievements by renowned organizations worldwide, receiving a total of 88 awards—64 from international organizations and 24 from local ones. This recognition is a testament to the determination of all our employees to make Krungthai Bank an organization that will continue to create value, address the needs of customers and citizens, and achieve sustainable growth.

Mr. Payong Srivanich
Chief Executive Officer