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Corporate Social Responsibility Highlights in 2010

TISCO group always gives emphasis to a long-term project to achieve sustainable development. Through the TISCO Foundation for Charity, the group has handed out many scholarships for needy students, provide medical funding assistance for destitute patients, helped underprivileged people get back on their feet with business start-up funds, and supported a wide array of important social and community activities as follow;

     
1. Social Supports
1.1 TISCO Foundation for Charity

As a demonstration of TISCO Group’s long-term commitment to sustainable development, the “TISCO Foundation for Charity” was established in 1982 to work towards the long-term goal of improving society and the nation. Since then, TISCO’s major social contributions have been made through the work of TISCO Foundation, which has four primary charitable purposes as follows:

1. Providing nationwide educational scholarships for needy students,
2. Providing medical funding for destitute patients including donation of artificial organs and prosthesis
3. Providing business start-up funds for underprivileged people to promote self- reliance
4. Providing support for social and community activities.

Apart from the interest generated by the foundation’s capital fund, the foundation has received regular support from TISCO Group, TISCO employees and the general public. The interest income from such funds has been donated to many charitable projects in accordance with the foundation’s objectives. In 2010, TISCO mainly contributed to the TISCO Foundation at the total amount of 19,886,612 baht.

TISCO Foundation’s Social Support Activities (Unit: Baht)

   


In 2010, TISCO Foundation provided 6,054 scholarships at the total amount of 19,715,000 baht to needy students at every level throughout the country i.e., 545 scholarships to primary school students, 4,560 scholarships to secondary school students, 485 scholarships to vocational school students, 390 scholarships to university students and 74 scholarships to other levels. Among these scholarships, 3,191 scholarships have been continuously granted, and 2,864to the new recipients.
Moreover, TISCO Foundation has provided medical support and start-up fund for the underprivileged both in Bangkok and local areas. During the year contributions were 128,274 baht for medical support and 43,338 baht for start-up funds.
Follow-up Progress    
TISCO Foundation has regularly followed-up and made outcome evaluations of the scholarships to maximize its benefits in the future. TISCO Foundation’s committee members, staff and voluntary working group usually made follow-up progress in every November by visiting schools and homes of the granted students and also the prospective ones. As for the start-up fund support, the Foundation’s staffs usually visit the fund recipients to see their progress 2 times, once after the funds have been granted for 2 months, and once after 1 year.

In 2010, TISCO Foundation’s staff went on field trips to follow up scholarships performance in various provinces, including Bangkok and its vicinity, Angthong, Kanchanaburi, Sakonnakhon, Kalasin. Roi-et, Buriram, Nakhon Ratchasima and Sa-kaeo provinces

1.2 Special Continuous Project

Rak Rian Ru Su Chumchon :
The project was initiated in 2009 aiming to provide learning opportunities for children and people living in rural areas by building/renovating school libraries and donating books to 40 villages near TISCO’s branches around the country. In 2010, 13 libraries were renovated. In following years ,libraries to be renovated will be selected as appropriate to continue encourage learning in communities.
Blood Donation :
TISCO Group and The Thai Red Cross Society have organized blood donation for over 26 years to give an opportunity for employees, customers, and the public to participate in the activity every quarter at Head Office, North Sathorn. The activity has also been held at our branches across the nation. In 2010, the donation was held 19 times and we received 2,840 units of blood or 1,136,200 cc.
1.3 Other Social Support Activities
A part from continuous social support activities through TISCO Foundation, TISCO Group also supports other social and community development including supporting UNICEF Thailand's activities, supporting Community Development and Social Welfare Project of Bangrak Area Office to exhibit strength of people living in the communities and stimulate tourism to generate revenue in Bangkok, sponsoring National Special Olympic Competition to encourage people with intellectual disabilities to play sports and develop their quality of life, supporting charitable activities of Thai Airways International Public Company Limited, etc.
 
2. Environmental Conservation
Reforestation Project    
In 2010, TISCO Group organized “Poh Kla, Na Rian Ru” (Let's Learn about the Origination of Saplings) activity at The Saplings Center in Nakhon Ratchasima, one of the fourth largest saplings distribution center in Thailand to support reforestation projects of government and private sector. The center is able to produce at least 10 million saplings per year. Since the Center has a problem of budget insufficiency, TISCO has supported the Center's operating cost of 10,000 saplings which include significant plants such as Pradoo, Intanil, Yang Na, Koon, Ma kha Mong, Pa Yoong, Dang, Teng, Khee Lek, Sa Dao, Ma Room, etc.

In addition, to emphasize our intention in helping to preserve environment TISCO Group supported an activity of United Nations Environment Program Finance Initiative to express our realization of the relationship between society, environment, performance, and sustainability. We do not only focus on making profit but also pay attention to social issues such as education, social development, and health. Other environmental/global warming related activity is our continued effort in promoting green concept of reduce, reuse, recycle by producing recycled/reusable daily-use items such as diary and clothe bag for our customers.

In addition, TISCO Group’s environmental conservations also include resource management policy. TISCO Group places great importance on creating mindset for energy and environmental conservation among TISCO employees, i.e. power saving, travel planning, using environmental-friendly office supplies and waste reduction.
 
3. Support for the Arts and Cultures
Thai Contemporary Art Support
TISCO Group has been a pioneer and continuous supporter of the Thai contemporary art since 1970, realizing that a vibrant cultural life is important for sustaining national pride and identity. To help promote and preserve Thai culture, TISCO consistently supported a number of initiatives and collected more than 300 Thai contemporary and modern arts. The TISCO Art Collection has been recognized as one of the best in the country boasting great diversity that unfolds the maturity and long history of nation’s contemporary art. The collection covers many early works of prominent artists at present which are rare to find nowadays. It is also considered a reflection of the journey of Thai contemporary art in four decades. In addition, TISCO Group has continuously supported many activities of The Rama IX Art Museum.

Special Art Works Creation to Celebrate HM The King's 84th Birthday
In 2010, TISCO initiated the creation of art works to remark the special occasion of HM the King's 84th birthday including a sculpture representing “the 7th cycle of HM' the King's birthday” and a painting called “Tarn Baramee”. TISCO also produced the 7th cycle of HM the King's birthday calendars, with timeline of special milestone during each cycle of his life. The work was created by The Rama IX Art Museum Foundation to celebrate HM the King's 84th birthday on 5 December 2011.

Religious support
TISCO continues to support important religious traditions, especially in the rural areas where monasteries are center of communities. Through TISCO Bank’s provincial branches, merit making activities such as Katin ceremonies were organized annually to provide support to designated temples. In 2010, TISCO Group hosted the Kathin ceremony at Wat Nong Ngu Leum in Chonburi province. The contribution was intended to support the construction of ubosot (Buddhist temple). In addition, TISCO also hosted a religious Papha ceremony for Wat Hua Khuang in Nan to support the renovation of the temple’s sermon hall aged over 400 years.
     
4. Special activities to relieve flood victims  
In 2010, the severe floods in many areas across the nation have caused damages to many people. Apart from helping employees and customers, TISCO also supported the public and gave an opportunity for employees to participate in social activities. We focused on helping to restore the damages by donating money to the victims through the fund of The Prime Minister's Office, providing necessity supplies, and opening an account for employees and the public to donate their money. In addition, we cooperated with The Thai Bankers' Association to assist Panich Song Kroh Foundation to relieve the victims.ì

As for other relieve projects in 2010, TISCO joined the CSR Club of Thai Listed Companies Association to donate blankets to needy people who suffer from the cold weather in the northern part of the country. We also donated fund to help support the earthquake victims in Heiti.

TISCO Group endeavors to support CSR projects and activities undertaken in parallel with our business operations. We take pride in our accomplishment each year and have a long-term commitment to continue CSR activities to achieve sustainable development.

 

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