BAM has been included on the Thailand Sustainability Investment (THSI) list for 2022, reinforcing an important step towards becoming an organization with sustainable growth.
BAM has been selected by the Stock Exchange of Thailand to be included on the Thailand Sustainability Investment (THSI) for the year 2022. This reinforces an important step towards becoming an asset management company with sustainable growth. This year, a total of 170 listed companies were selected.
Mr. Bundit Anantamongkol, the CEO of Bangkok Commercial Asset Management Public Company Limited or BAM stated: “BAM has submitted an assessment form to the Stock Exchange of Thailand to be considered as one of the sustainable stocks. The Stock Exchange of Thailand has announced the Thailand Sustainability Investment list for the year 2022 on which there are 170 listed companies (Co., Ltd.) included, and BAM has been selected as one of the 20 sustainable stock companies in the financial sector for the year 2022. This is to emphasize operations with a focus on sustainable business management and development taking into account all groups of stakeholders, both inside and outside the organization as well as factors of economic, social, and environmental impacts and trends of global changes.”
Mr. Anantamongkol further added: “BAM operates our business under sustainability principles based on good corporate governance principles. The company adheres to ethics in conducting business with transparency, fairness, accountability, and respect for relevant laws and regulations. At the same time, BAM realizes the importance of conducting business with social responsibility (CSR In Process) through the management of non-performing assets (NPL). BAM organizes campaign to facilitate reclaiming of collateral for debtors, such as Happy to Have Your Home Back Project, Discounts to Resolve Debts Project, BAM Revitalizes Your SME Business Project, and other projects. For customers who are interested in purchasing foreclosed properties (NPAs), BAM has a support policy for low-income customers who do not have access to credit sources through projects, such as paying for an NPA in installments with special conditions or the Condos for All Project of which a monthly installment starts from only 500-2,500 baht only. This is to encourage low-income people to have their own homes.”
Mr. Anantamongkol also mentioned: “Additionally, the company also pays attention to improving the quality of life of employees with a policy to take care of employees through appropriate compensation and training plans which are expected to enhance knowledge and skills to develop employees' abilities in accordance with the growth direction of the company, the community, and the country in a systematic and sustainable way. The company also lays out clear guidelines for energy conservation and greenhouse gas reduction, such as installation of solar cells to reduce the use of electricity in office buildings and preparation for electric cars purchase to save energy which is considered as an effort to protect the environment in the long run. We also aim to develop quality projects and take into account the impact that our business has on the surrounding communities with the aim of achieving long-term growth of profit.
Mr. Anantamongkol concluded: “Sustainability has been integrated into the organization's core strategy of laying a solid foundation and building business growth in order to be resilient and prepared to face new challenges and opportunities in the midst of a volatile business environment with a commitment to drive the organization through the policy guideline “Revive assets to drive the Thai economy" and strive to be the country's retention basin in the form of AMC which helps absorb NPLs and NPAs in the financial institutions system so as to allow financial institutions to be able to deal with problems appropriately and to help the country's economy grow sustainably.