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| Overall Assessment |
Analysis |
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Moderate
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Kasikornbank PCL has implemented a clear governance process for its climate-related external engagement, with dedicated oversight for indirect lobbying through trade associations and external bodies, but we found no evidence of a corresponding framework for direct lobbying activities. "Initiating collaboration, support, or membership in external organizations or associations related to climate change management is initially considered by the relevant line management. If the activity may significantly impact the Bank, it is presented to the Sustainable Development Sub-committee for approval," whose "duty is to drive KBank’s operations in alignment with the sustainable development policy" and which is "chaired by the Chief Executive Officer and holds at least one meeting each quarter." Relevant departments "continuously monitor the outcomes of the collaboration, support, or membership ... to evaluate results and focus on continuous improvement," and if they find that activities "do not align with the Paris Agreement, Thailand’s goals, or the Bank’s objectives," the Bank "will consider ceasing the collaboration, support, or membership to ensure the effectiveness and efficiency of the Bank’s climate change mitigation efforts." Furthermore, "significant activities related to collaboration, support, or membership in external organizations or associations are reported periodically to the Sustainable Development Sub-committee for appropriate oversight." While KBank confirms a public commitment to conduct its engagement activities "in line with the goals of the Paris Agreement," the company does not disclose a process for reviewing or oversight of its direct lobbying or policy advocacy efforts.
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2
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| Overall Assessment |
Analysis |
Score |
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Strong
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KASIKORNBANK discloses a substantial amount of information on the climate-policy files it interacts with, naming several concrete initiatives such as Thailand’s Draft Climate Change Act, the Thailand Taxonomy Handbook, the Industrial Handbook on Implementing Environmental Risk Management for the financial sector, and the Bank of Thailand’s emerging rules on integrating environmental factors into banking supervision. It also describes how it pursues this engagement: the bank “joined a working group to collaborate with” a long list of government and regulatory bodies—including the Bank of Thailand, the Securities and Exchange Commission, the Office of Natural Resources and Environmental Policy and Planning, the Ministry of Energy agencies, the Office of Transport and Traffic Policy and Planning, and the Thailand Greenhouse Gas Management Organization—and acted as “the co-lead facilitator under the Thai Bankers’ Association.” These disclosures, together with its representation in the Thai Bankers’ Association and other industry fora, provide clear examples of both direct and indirect mechanisms and identify specific policymaking targets. However, the bank is far less explicit about what it wants those policy processes to deliver: beyond the statement that its position is “Support with no exceptions” and that its engagement is “aligned with the Paris Agreement,” it offers only broad aspirations such as helping Thailand reach “2050 Carbon Neutrality and 2065 Net Zero Greenhouse Gas Emission,” without spelling out the concrete legislative amendments or regulatory thresholds it seeks. Overall, the bank demonstrates strong transparency on where and how it engages, but limited clarity on the precise outcomes it is lobbying for.
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3
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