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CSR development

Organization​Details

Sustainable Development Goals​


Sustainable Development Goals (SDGs) 
- Countries of the UN General Assembly adopted a set of goals to end poverty, protect the planet, and ensure prosperity for all as part of a new sustainable development agenda. Each goal has specific targets to be achieved over the next 15 years. (September 2015 – August 2030) 
- Sustainable Development Goals include (1) No Poverty (2) Zero Hunger (3) Good Health and Well-being (4) Quality Education (5) Gender Equality(6) Clean Water and Sanitation (7) Affordable and Clean Energy (8) Decent Work and Economic Growth (9)Industry, Innovation and Infrastructure (10) Reduced Inequalities (11) Sustainable Cities and Communities (12) Responsible Consumption and Production (13) Climate Action (14)Life Below Water (15) Life on Land (16) Peace, Justice and Strong Institutions (17) Partnerships for the Goals
- 17 SDGs can be categorized into 5 group (1) Peace : Goal 16 (2) Planet : Goal 6-7, 12-15 (3) People : Goal 1-5 (4) Prosperity : Goal 8-11 (5) Partnership : Goal 17

United Nation Global Compact ​


 Ten principles in four topics:
(1)  Human rights
(2)  Labor
(3)  Environment
(4)  Anti-corruption
 
Signatories must report COP (Communicating on Progress) to show how the principles are applied. 
 
If signatories fail to apply the principles to their operation, they will be delisted. 
 
Participants >10,000 entities from 130 countries. 
 
It is “the world's largest voluntary corporate responsibility initiative."

GRI Standards

GRI is an independent international organization that has pioneered sustainability reporting since 1997.

The GRI Standards  are the first and most widely adopted global standards for sustainability reporting. They feature a modular, interrelated structure, and represent the global best practice for reporting on a range of economic, environmental and social impacts.
The practice of disclosing sustainability information inspires accountability, helps identify and manage risks, and enables organizations to seize new opportunities. Reporting with the GRI Standards supports companies, public and private, large and small, protect the environment and improve society, while at the same time thriving economically by improving governance and stakeholder relations, enhancing reputations and building trust.​


  
The OECD Guidelines for Multinational Enterprises

http://www.oecd.org/investment/mne/1922428.pdf




Guidelines for multinational enterprises are for reporting corporate social responsibility of an organization on a voluntary basis, comprising six areas:

1)    Disclosure

2)    Employment

3)    Environment

4)    Anti-corruption

5)    Consumer interest

6)    Science and technology

More than 30 OECD members and 9 non-members recommend using the guidelines. 

​ISO 26000 - Social responsibility​
ISO 26000 provides guidance on how businesses and organizations can operate in a socially responsible way. ISO 26000:2010 provides guidance rather than requirements, so it cannot be certified to unlike some other well-known ISO standards.

ISO 26000 addresses seven core subjects: (i) Organizational Governance, (ii) Human Rights, (iii) Labor Practices, (iv) The Environment, (v) Fair Operating Practices, (vi) Consumer Issues, and (vii) Community Involvement and Development. 

- Thai Industrial Standards Institute encourages Thai businesses to apply ISO 26000 to their operations. 

​​ Integrated Reporting​

An integrated report is a concise communication about how an organization's strategy, governance, performance and prospects, in the context of its external environment, lead to the creation of value in the short, medium and long terms.

Integrated Report Framework covers six areas, namely 1) financial 2) manufacturing, 3) human, intellectual 4) property 5) social and 6) natural.

​Task For​ce on Climate-related Financial Disclosures ​

G20 Finance Ministers and Central Bank Governors asked the Financial Stability Board (FSB) to review how the financial sector can take account of climate-related issues.


The Task Force's 31 international members, led by Michael Bloomberg, include providers of capital, insurers, large non-financial companies, accounting and consulting firms, and credit rating agencies.​



​The FSB Task Force on Climate-related Financial Disclosures (TCFD) will develop voluntary, consistent climate-related financial risk disclosures for use by companies in providing information to investors, lenders, insurers, and other stakeholders.


The Task Force will consider the physical, liability and transition risks associated with climate change and what constitutes effective financial disclosures across industries.


The work and recommendations of the Task Force will help companies understand what financial markets want from disclosure in order to measure and respond to climate change risks, and encourage firms to align their disclosures with investors’ needs.





 ESG Global Trends

​Financial In​​​stitution

EPFI (The Equator Principles Financial Institutions)

Effective in 2003, EPFI has been used as a framework for financial institutions in giving loan by taking into account ESG factor of borrower.

More than 35 countries participate, mostly by large-sized banks, and a project worth at the minimum of USD10 million must comply with EP rules.

UNEP FI (The United Nations Environment Programme Finance Initiative)

Founded in 1992, the membership is made up of public and private financial institutions from around the world and is balanced between developed and developing countries. They recognize sustainability as part of a collective responsibility and support approaches to anticipate and prevent potential negative impacts on the environment and society. (Thai businesses participating in the programme include Thai Life Assurance Plc. and Tisco Bank Plc.


Investor​

 PRI (Principles for Responsible Investment)

 

Founded in 2006 with the support of UN, PRI is an approach to investment that encourages investors to use ESG as a factor for investment. Principles covering six chapters and currently the most popular global network, with 1,237 signatories with assets under management around USD35 billion. Signatories can be divided into three categories, i.e., 1) 274 asset owners, 2) 768 investment managers, and 3) 195 professional service partners.  


Stock E​xchange SSE Initiative (Sustainable Stock Exchanges Initiative)

SSE initiative was launched by the United Nations Secretary-General Ban Ki-moon in 2009, aiming to promote global business sustainability through the mechanism ofcapital market. Participated exchanges will commit to improve their operations on ESG and encourage sustainable investment. At present, eight exchanges participate in SSE. They are: 1) NYSE Euronext, 2) NASDAQ OMX, 3) BSE, 4) MCX-SX, 5) BM&FBOVESPA, 6) JSE, 7) Borsa Istanbul and 8) EGX.