January 06, 2024

Sustainability Statement 2024

Sustainability Statement 2024

FTB manages Environmental and Social Risks associated with the provision of financial services to its customers and with impacts from its day-to-day operations. We recognize that the Bank's major E&S exposures are within its lending and investment activities; however, our goal to lead by example will be demonstrated by communities in which we operate. We expect that integrating these consideration in our business will enable us to achieve our strategic objectives, developmental goal of the Cambodian government and respond to the needs of the Cambodian people while ensuring a sustainable return on investment for our shareholders. 

ESMS - ENVIRONMENTAL AND SOCIAL MANAGEMENT SYSTEM
add14ba7b055ade84208b92d5c242f15b0114bb4.pngADOPTION OF CAMBODIAN SUSTAINABLE FINANCE PRINCIPLES

FTB has signed the voluntary of the nine Cambodian Sustainable Finance Principle introduced by the Association of Banks in Cambodia (ABC). FTB has also contributed to leadership of ABC Sustainable Finance Committee since 2019 until now. Recently, the Bank also participated in the signing ceremony of the Memorandum of Understanding on "Promoting Sustainable Finance with the Business Sector in Cambodia" on August 27th , 2020.

Environment Protection

Environment Protection

We will assess and manage environmental risks relating to climate change, pollution, waste management, and the protection of our critical natural resources.

People Protection

People Protection

We will assess and manage risks that could potentially negatively impact our people in particular local communities, workers, and indigenous/minority populations.

Culture Protection

Culture Protection

We will assess and manage risks that could potentially negatively impact aspects of our cultural heritage including our language, culture, traditional and monuments.

Financial Literacy

Financial Literacy

We will increase the financial awareness and literacy of the Cambodian people and improve our approach to customer/ client protection.

Financial Innovation

Financial Innovation

We will expand our reach to those who previously has no or limited access to the formal banking sector, as well as provide
more innovative solutions to improve banking access and service levels.

Financial Inclusion

Financial Inclusion

We will finance innovations that create efficiencies and improvements of existing, traditional sector and business activities as well for developing new green economy activities.

RESOURCE EFFICENCY

FTB has commitments to improve resource efficiency through various sustainable ways including saving and reducing the usage of utility, paper, toilet paper, and plastic.

CARBON EMISSION

FTB commits to avoid financing of activities that contribute significantly to the emission of greenhouse gases.

SUPPLIERS AND CONTRACTORS

We integrate E&S value in dealing with vendors and supplier/contractors by including in our procurement  process the impact assessment criteria into the selection and pre-qualification process including health &  safety concerns, waste management, environmental certificate (if required), information on human right  abuses, workforce, and adverse media on past performance.

Sustainability Statement 2024 | FTB Bank Cambodia