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TISCO Group has accorded great importance to being a good corporate citizen while operating an ethical business. It has therefore supported and helped society, including the underprivileged, with the aim of promoting their development and self-reliance. In addition, it has delivered long-term value to relevant parties through CSR projects and activities, both in process and after process, including support through social enterprises (as process) that work full-time to help the underprivileged, with TISCO Group as main sponsor and its staff volunteering as organizers. The details are as follows:

1. Financial Literacy for Customers

Retail Customers

1.1 Understanding Debt

Launched in 2019, this project has educated customers and people interested in loan products about financial threats. In 2023, we summarized the 4th set of knowledge about debts under the topic “Did you know that each type of debt calculates interest differently?” in order to develop understanding about how debt interests such as flat rates and effective rates are calculated, as well as correct techniques on how to eliminate debt.  Staff at TISCO branches provided knowledge to customers and prospective customers in one-on-one sessions. Moreover, the knowledge was shared online via LINE, Facebook, and websites to promote financial literacy among people. In 2023, 149,922 individuals received knowledge via this project.

 

 

1.2 Smart Saving, Smart Spending

This project has given knowledge to local people in the neighborhoods of TISCO Group and its branches nationwide. We created basic short-term personal financial planning courses with main contents covering 3 topics, namely, saving before spending, debt management and financial threats and risks. The project involves a set of activities and quizzes, encouraging participants to answer questions to win souvenirs, to ensure that participants really receive knowledge and understanding in line with the project’s objectives. In 2023, the project organized a total of 69 on-site activities in 29 provinces with 5,621 participants.

 

 

1.3 Financial Literacy for Communities and Society

TISCO Group believes that opportunities can be created and that creating a "sustainable future" starts with good financial planning. We continuously support and transfer financial knowledge to various groups of people with the goal of seeing Thai people with better quality of life and able to live comfortably in society without suffering from financial problems, which ultimately contributing to the sustainable prosperity of Thai society.

In 2023, TISCO Group signed a cooperation with the National Savings Fund (NSF) to encourage savings and provide financial literacy to Thai people, with the aim of achieving tangible results in creating appropriate financial values, leading to a positive change in personal financial behaviors and increasing saving accounts within NFS. TISCO is the first private sector financial institution to partner with the NSF, and we believe that this partnership will create a ripple effect for the Thai people to pay greater attention to financial planning and expand knowledge broadly in the population more swiftly and effectively. Accordingly, activities will be organized through projects under TISCO Group to educate youths and people in various communities across the country.

 

 

New Generation

1.4 Somwang for Opportunities’ Financial Camp

TISCO Group expanded its financial literacy promotion efforts to university students, working age, and aspiring first-jobbers with the aim to equip them with financial skills and encourage them to start financial planning early in their careers, with promising opportunities to join Hi-way Co., Ltd. at “Somwang Ngern Sang Dai" branches in their local areas. The activity provided internship experience in the microfinancing business with the aims to support TISCO Group’s plan to expand its Retail Loan services by training potential sale-forces while also transfer financial knowledge to people in the community, which will ultimately enhance the quality of life of people in the area. In 2023, a total of 126 people participated in the events. From the 1st batch or the pilot batch in 2022 to the 2nd-3rd batch in 2023, 60% of participants were recruited to work with the company.

"My perspective on finance changed a lot after this camp. From earning money and spending it all away without proper allocation, my planning significantly improved, and I also gained the chance to be an employee of Somwang Ngern Sang Dai. "

EX Sathit, 1st batch participant”

"This camp should be continued for generations to come, because it gives people who are looking for jobs and new graduates a great employment opportunity. I was impressed with a lot of things, from the knowledge about financial planning to a chance to make friends from different regions. My life has changed for the better from this camp. “

Bell Phonnapha”, 1st batch participant

" The training was packed with financial knowledge and gave opportunities to learn about the financial world in many areas. Although it was a training, it was fun, and now I get a chance to work with Somwang Ngern Sang Dai. What I experienced whether while at the camp, during the internship or during actual work was good and welcoming. “

Min Phongthaksin”, 2nd batch participant

Youth

1.5 TISCO Financial Camp Network Club

 

TISCO Group remains committed to building on our intention to support schools that participated in TISCO Youth Finance Camps to share knowledge to their community, encouraging schools to establish clubs/gatherings for financial planning and to work to campaign for fiscal discipline to motivate community members to recognize the importance of savings and recording income and expenses to create an armor to protect every family member from crises. In 2023, 20 schools from 15 provinces applied to join the club, with over 57,450 people gained benefits from our knowledge sharing. Examples of success in the TISCO Financial Camp Network Club include Debsirin Chiang Mai School, which participated in camping activities in the first batch in 2013-2014, and subsequently participated every year ever since. The subject of finance has been integrated in the school’s 8 learning subjects such as accounting, business human relations and small business operations, public relations and even English, and this led to the development of Debsirin Lan Na Ban Din Coffee Shop, a café that focused on teaching about life experiences, cost and profit management and how to build upon community businesses. 

2. Community-Friendly Business Network

TISCO Group has supported community products / services or bought products from social enterprises, which use their profit for community benefits as part of a community-friendly business network. In collaboration with Thaipat Institute, TISCO Group has offered communities opportunities to serve as suppliers in the hope of fostering their self-reliance. Community products have been used for TISCO Group’s activities on a regular basis. In 2023 for example, TISCO Group bought organic eggs from Tankhun Organic Farm, which is a farmers’ group in Nakhon Pathom province, Tongsiri Farm, an integrated agricultural farm in Suphan Buri, BEINDY Country Group Co., Ltd., and Organics and Community Co., Ltd.

3. Provision of Educational Opportunities

TISCO Group has given educational opportunities to children and youth for the purpose of improving Thai citizens’ quality and efficiency, as they are the fundamental foundation for Thailand’s sustainability-oriented development. The opportunities are given in the forms of scholarships for underprivileged students via TISCO Foundation and school-development grants via the “TISCO Ruam Jai” Project, in which one school will be chosen each year to be beneficiary. The improvement of school facilities can help encourage locals to send their children or grandchildren to school in their local areas. The implementation of the project is mainly funded by TISCO Group, along with executives, employees, and other donors. In addition, the project has received donations of construction materials from TPI Polene Public Company Limited and Lighting & Equipment Public Company Limited.  

In 2023, TISCO Ruam Jai 13 prepared the construction of a school building the Wat Non Sadao School in Moo 4, Banna subdistrict, Wachirabarami district, Phichit province, a school with great educational potential but its two building are dilapidated with rundown walls and flooring. Thanks to TISCO Ruam Jai 13, the school will get a new two-storey building that features 8 classrooms for its current students as well as new students that will comes from nearby school due to merging of students from small schools in the area according to government policy. The construction work, which started in August 2023, are scheduled for completion in March 2024 under the budget of 5,549,000 baht. 

4. Support for Public Health & Other Causes

4.1 Support for Cancer Research & Innovative Therapies:

TISCO Group realizes that cancer can happen to anyone, so we have established the Fighting Cancer Project to provide opportunities to cancer patients, supporting research and development of innovative cures for cancer. Since 2015, a portion of the proceeds from the sale of mutual fund products and health insurance products have been donated to the CU Cancer Immunotherapy Fund of Chulalongkorn University’s Faculty of Medicine and the Thai Children Cancer Fund under the Royal Patronage of H.R.H. Princess Soamsawali Krom Muen Suddhanarinatha, Ramathibodi Hospital.

In 2023, a total of 3,000,000 Baht has been donated. In addition, together with like-minded partners, customers, and employees, we aim to help cancer patients after treatment to have a better quality of life and live more confidently through 3 activities:

4.1.1 Cut & Care: hair donation to produce genuine wigs and delivered to the National Cancer Institute. TISCO Group covers all expenses and invites business partners, Kiki Beauty Space, to provide free haircuts for volunteered employees.

4.1.2 Sewing Cup Sewing Heart: the activity to sew 200 pieces of fabric breast by TISCO Group's volunteered employees and deliver to the National Cancer Institute. The activity was supported by Sabina Public Company Limited, the initiator of the "Sewing Cup Sewing Heart" project, in which they help provide materials and guidance on the correct technique for sewing fabric breasts

4.1.3 Weaving Love, Knitting Hats: hat knitting activities by TISCO Group volunteered employees to spread happiness and smile, along with boosting confidence for cancer patients suffering from hair loss after receiving treatment.

 

4.2 Blood Donations :

4.2 TISCO Group has collaborated with the Thai Red Cross Society in conducting blood-donation events on a quarterly basis at its headquarters on North Sathorn Road and its branch at Pakin Building on Ratchadaphisek Road. Blood-donation events have also taken place at various other branches in support of TISCO Group’s goal of donating at least 1,000,000 CC of blood a year. In 2023, TISCO Group’s blood donation activities successfully raised 1,029,000 CC of donated blood via 16 events in Bangkok, Khon Kaen, Trang, Phuket, Surat Thani, and Songkhla. The donated blood helped a total of 7,719 patients. 

4.3 Somwang Flood Relief:

4.2 Around the end of 2023, the three southern border provinces were facing the heaviest flooding in decades as heavy rainfall continued for several days. This resulted in severe flooding in Narathiwat, Yala and parts of Pattani province. Thus, Somwang’s local branch collaborated with the local administrative agency to help distributed clean drinking water to the flood victims.

In addition, TISCO Group has conducted various other CSR activities in collaboration with its partners. For example, it has supported the operations of the Foundation of the Mentally Retarded of Thailand, the Anandamahidol Foundation, and the Special Olympics Thailand Association.

5. TISCO Foundation

Established as a non-profit organization in 1982, TISCO Foundation has a mission to help and develop society while supporting TISCO Group’s business operations. The missions cover three areas: scholarships for students, medical-benefit grants for impoverished and disabled patients, and occupational grants for cash-strapped people. Donations to the foundation mainly come from TISCO Group, including its executives, employees and customers, as well as the public. Receipts issued by TISCO Foundation are tax-deductible pursuant to the Finance Ministry’s Announcement No. 135.   

 

TISCO Group has delivered value to society including stakeholders namely shareholders, employees, government agencies, private entities, and communities via its business operations and other activities. For example, TISCO Group has paid out dividends to shareholders, provided welfare to employees, developed its staff, and contributed to community development. In all, its distribution of economic value and wealth to stakeholders in 2023 can be summarized as follows

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