In our mission to build a better future for Myanmar, we firmly embed the principle of "Sustainability" at the core of our operations. It's intricately woven into every facet of our business, ranging from operational procedures to corporate culture and communication.
As part of our strategic commitments, we adhere to a set of guiding principles that primarily focus on treating our internal and external customers, along with the communities we serve, with utmost respect. We aim to utilize natural resources responsibly, thus fostering a spirit of long-term investment. It's imperative for us to evaluate how our business operations affect and benefit others from environmental, economic, and social perspectives. The path to sustainable development is paved by maintaining a harmonious balance between these key aspects.
Culture plays a pivotal role in establishing sustainability throughout our Bank's operations. We adhere to the principle of "setting the tone at the top". Our steadfast leadership and vibrant corporate culture foster an environment that encourages sustainable business practices throughout the Bank.
We are embarking on significant strides toward augmenting sustainability by:
Establishing Sustainability goals
We delineate precise, quantifiable goals to enhance our sustainability performance and monitor their progression.
Undertaking a Sustainability Audit
We assess our Bank's current practices, pinpoint areas that require enhancement, and implement necessary improvements.
Employees are instrumental in realizing the Bank's sustainability goals. We cultivate a culture of sustainability within the Bank by involving employees at every level.
Partnering with Suppliers
We collaborate with our suppliers to foster sustainable practices throughout our supply chain.
Communicating with Stakeholders
We convey our sustainability initiatives to stakeholders, including customers, investors, and the community, to facilitate better decision-making and improve accountability.
Our sustainability efforts revolve around three primary pillars – People, Profit, and Planet.
The Social Pillar
The Social Pillar (For People) emphasizes business practices that enhance the health, safety, and well-being of people, encompassing all our stakeholders – employees, customers, partners, and local communities. This involves ensuring equitable access to natural resources and necessities like water, food, and clean air, while fostering a diverse, equitable, and inclusive organization, ensuring employee welfare, fair wages, gender equality, and the safety of workers and customers.
The Economic Pillar
The Economic Pillar (For Profit) concentrates on long-term planning, governance, cost optimization, and transparency in our business operations. We give due consideration to the business models, policies, and practices that need to be implemented to ensure the survival and prosperity of our business as an economic entity that provides employment and economic opportunities for society.
The Environmental Pillar
The Environmental Pillar (For Planet) aims to reduce environmental harm, protect the planet, and minimize the use of natural resources. The overarching goal is to halt the depletion of resources over time. This involves practices like waste management, reducing fossil fuel consumption, and promoting more sustainable consumer practices.
Our Unwavering Pledge to a Sustainable Future
We are dedicated to expressing our commitment towards playing our part in crafting a sustainable future. Social sustainability serves as an indicator of community welfare and expanding opportunities for everyone, now and in the future. This encompasses fostering a workplace that is respectful, collaborative, and inclusive, promoting professional growth and development, and enabling us to attract, retain, and engage employees effectively.
Save the Environment, Save our Future!
Reaffirming our Commitment
We are acutely aware that our business activities may directly or indirectly affect the environment. This encompasses our operations as well as broader concerns such as land and energy consumption, waste management, and water and air pollution. To maintain an ecological balance and safeguard the environment, we are committed to adopting eco-friendly technologies and products and actively participating in environmental conservation efforts.
Embracing Economic Sustainability: Responsible, Ethical, and Profitable Business Practices
We firmly believe that the essence of economic sustainability in business involves conducting our operations responsibly, optimizing our bottom line without inflicting harm on the environment and society that surround us. It is our mission to create a business model that is not only profitable for the Bank but also holds itself accountable, adheres to ethical standards, and contributes positively to society and the environment.
We take immense pride in being one of the signatories of the UN Global Compact (UNGC), the world's largest initiative designed to steer corporations towards practices fostering a sustainable and inclusive future. As active participants in the UNGC, we regularly provide updates on our progress concerning the implementation of the UNGC's Ten Principles and the activities we undertake in line with them.
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