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HOME ABOUT AYA SUSTAINABILITY OUR COMMITMENT UNGC COMPLIANCE
Commitment towards Sustainable and Inclusive Future
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.
Pledge from the Chief Executive Officer of AYA Bank PCL
AYA Bank embarks on the 14th year journey of placing our clientele first, and 12th year of its unwavering commitment to the United Nations Global Compact (UNGC) principles. Since we had committed Ten Principles of the UNGC in the areas of human rights, labor relations, environmental protection and the fight against corruption, we began taking steps to incorporate these principles in our strategy and process towards sustainable journey. By integrating the UNGC's Ten Principles into our strategic approach, policies, and procedures, and by cultivating a culture of integrity, we are not only upholding our fundamental duties towards the people and planet but also laying the groundwork for long-term success. We are dedicated to continuously improving our efforts to minimize any adverse environmental impacts on the communities we serve.
Through this movement, AYA Bank has been working consistently to raise the governance standards internally and build credibility and our brand value. AYA Bank has been awarded ‘Myanmar’s Best Bank for CSR’ in 2017 and 2019 for its remarkable contribution to society as well as its own employees. AYA Bank is strongly committed to continue to develop a wide range of corporate social responsibility programs covering a broad spectrum of social, economic, and environmental issues of ten associated with rapidly changing society in which we operate.
In this 11th Communication on Progress Report, we highlight a summary of our progress in adhering to the Ten Principles. Additionally, we commit to share this information with our stakeholders using our primary channels of communication.
Adherence to UNGC's Ten Principles by AYA Bank
Human Rights
AYA Bank has formulated the Code of Ethical Conduct and an Employee Handbook, providing clear guidelines to all employees and offering a standard communication framework for all stakeholders.
- AYA Bank respect the rights of the people and communities in the areas in which it operates
- As the bank expands its retail network, our advocacy efforts will reach nationwide.
- AYA Bank will not assist nor involve in committing any forms of human rights violations and will not be tolerant in any act of violation and abuses.
- AYA Bank remains committed to not assisting in any form of human rights violations.
- Our Human Rights and Code of Ethical Conduct guidelines derive from the Universal Declaration of Human Rights and the Ten Principles of the UNGC.
- We provide ongoing awareness training and offer various channels for staffs and stakeholders to express concerns and provide feedback.
- Whistleblowing Policy is established to allow raising concerns about any wrongdoing or malpractice of employees.
Labour Standards
AYA Bank is proud to be an "Employer of Choice" with over 6581 employees as of 31st May 2024. We recognize our human capital as the driving force behind our growth to 265 branches within 14 years.
- We believe in creating a conducive and rewarding work environment for our employee
- AYA Bank continuously reviews policies and guidelines for transparency and compliance with ILO core labour principles concerning forced labour and underage workers.
- We have the Child Labor Principle in place as part of responsible business conduct.
- Our Human Rights Procedures ensure vendors follow "No Child Labor Standard".
- AYA Bank has received EDGE Certification for our commitment to gender equality, diversity, and inclusion.
- Our workforce has a 33 percent representation of women on the board of directors and a labour force participation rate of 45 percent men and 55 percent women.
Environment
AYA Bank places a high emphasis on environmental sustainability, incorporating environmentally oriented thinking into our banking operations, lending, products, services, and community activities.
- We introduced 'SME Green Financing' to support the transition to clean energy and environmental benefits.
- We are offering the financing for Solar energy system which has a measurable effect on the environment.
- Our suppliers must sign a mandatory SCP (Supplier Code of Conduct Policy) to reduce negative environmental impact.
- Through our ‘Environmental Policy’, we strive to ensure ecological balance and protect the environment by adopting environmentally friendly technologies and actively conducting environmental conservation activities
- We strive to reduce our carbon footprint, setting goals and practices on energy use, waste reduction, offering digital services, and incorporating guidelines on reducing environmental impact into our training programs.
Anti-Corruption
Under the Myanmar Anti-Corruption Law 2013, AYA Bank has a stringent Anti-Corruption Policy, taking strict measures against corruption and ensuring transparency in all business activities.
- AYA Bank has implemented anti-bribery and anti-corruption policy, which are in place and make sure that it’s been adhered to
- We maintain a watchful eye on all financial transactions, identifying any irregular activities, and have clear whistleblowing procedures in place.
- AYA Bank has declared and is committed to zero tolerance for corruption.
Last Updated – July 2024