TISCO places great importance on its corporate commitment to social responsibility
as one of the group’s core values. Not only are the group's Corporate Social Responsibility (“CSR”) projects and activities focused on the sustainable development of the nation's people, culture and environment, they are supported by the active participation of TISCO employees. Working groups for specific projects have been set up to maintain continuity in the activities and to evaluate whether the project’s desired outcome has been attained.
TISCO has focused on corporate social responsibility by taking into account all stakeholders groups, from shareholders, customers, employees and society, according to ethical code of conduct and good corporate governance, as well as social responsibility and environmental conservation which lead to sustainable development. Key considerations in social responsibility that have been TISCO’s practices for almost 40 years are as follow;
1. Business ethics
2. Continuous implementation derived from organizational culture
3. Beginning within the organization, then expanding to external society
4. Placing importance on the environment
TISCO realizes that successful business is not only measured from profitability or performance’s growth, but also good corporate citizenship, business ethics, involvement in community development and helping underprivileged people to be self-reliance and independent. As the Bank recognizes building a solid background as a critical factor for sustainable development, the Bank then operates business with social responsibility.
Despite focusing on business ethics and good corporate governance through internal control, compliance and risk management policies with close monitoring from management, the board of directors encourages and advises the company to initiate and participate in society development programs which is reported in the board’s meeting annually. The board also encourages all TISCO’s local branches to participate in community development activities. All of these projects are long-term projects which have been implemented and monitored every year. |
