Sustainable Development
"At TISCO, we believe sustainable growth results from conducting business with responsibility towards all stakeholders under good governance while creating value for society and environment."
Suthas Ruangmanamongkol
Group Chief Executive, TISCO Group
TISCO Group’s vision is to develop sustainably with concrete guidelines and procedures that are integrated into the organization's strategic plan.
TISCO Group has created a sustainability framework based on stakeholders’ concerns across three dimensions: environment, society and governance. The sustainability framework is integrated into the primary operations to drive the organization’s mission efficiently and to respond to the 12 Sustainable Development Goals (SDGs) as follows:
The sustainability framework provides guidelines for driving TISCO Group towards sustainability and consists of 3 important aspects:
Sustainability in Operational Structure
TISCO Group has designed a clear and sustainable organizational structure to drive its Sustainability Development. The structure covers Environment, Social and Governance (ESG) and integrates sustainable development, in line with the UN’s Sustainable Development Goals, into the organization's operations.
Corporate Governance
Strengthen a culture of governance and risk management. Support anti-corruption practices within the organization, including preventing the organization from being used as a channel for money laundering or as a source of funds for terrorism.
Economy
Focused on long-term performance as well as creating sustainable value for all stakeholders, including society and local communities.
Environment
Promote efficient usage of resources and support environmentally friendly business operations.
Society
Promote social well-being and quality of life by supporting financial literacy and access to necessary financial services. Products are designed based on the interests and needs of customers.
The TISCO Sustainable Development Policy aims to integrate ESG factors in the decision-making process for all functions, underlining the Group’s responsibilities towards all groups of stakeholders.
Sustainable Development Policy Objectives:
- To create awareness and responsibility for sustainable development guidelines
- To ensure that TISCO's economic development provides social and environmental benefits, including the interests of stakeholders
- To align TISCO's business goals with the United Nations’ Sustainable Development Goals
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