As part of delivering on above statement to stakeholders, we understand the importance of managing risk well and are committed to responsible, sustainable growth through fair, ethical and responsible business practices. Thus, we not only look at risk from traditional perspective (i.e. credit risk, market risk) but also look at environmental, social and governance risk. We take account of ESG risk while developing a product or services.
Our Commitment is underscored by recent signing of Memorandum of Understanding with WWF for the development and implementation of Environmental, Social and Governance Framework.
We have taken a proactive step of establishing and implementing an EXCLUSION LIST, which lists sectors or types of customers that do not fit into uab bank’s profile. We do not facilitate financing to entities engaged in activities listed below:
Trade in or unauthorized catching of wildlife or wildlife products
Production or trade in any product or activity deemed illegal under Myanmar laws or regulations or international conventions and agreements, or subject to international bans, such as pharmaceuticals, pesticides/herbicides, ozone depleting substances
Environmental data for the financial year ended at 30 September 2019:
|Item||Figures in MMK|
|Carbon (in Metric Tons)||2,392|
|Waste (in Metric Tons)||Not applicable due to the
type of activity conducted