Sustainablility / Responsible Business / ESG

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:

  • Production, trading and maintenance of weapons and munitions of any kind
  • 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

  • Hunting marine mammals and shark finning
  • Using of dynamite and poison in fishery practices
  • Activities involving harmful or exploitative forms of forced labor or harmful child labour
  • Activities involving people smuggling of any kind

Environmental data for the financial year ended at 30 September 2020:

Item Figures in MMK
Water 4,233,561
Energy Electricity 343,629,518
Petrol 183,769,514
Carbon (in Metric Tons) 2,538
Waste (in Metric Tons) Not applicable due to the
type of activity conducted