Bank of Ayudhya Public Company Limited

Thailand

Bank of Ayudhya is a commercial bank in Thailand known for offering a wide range of financial products and services including retail, corporate, and investment banking.

CCI Score

61.78

-0.03% April 18

Latest Event

Implementation of Robust Supplier Code of Conduct

Bank of Ayudhya (Krungsri Group) has implemented a comprehensive Supplier Code of Conduct focusing on fair labor practices, anti-discrimination, and sustainable supplier management. This policy demonstrates a positive commitment to ethical business practices by enforcing standards that protect workers' rights and ensure supply chain integrity.

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LEADER

Bank of Ayudhya Public Company Limited is currently rated as a Leader.

+45 to +100 CCI Score

Companies in this range actively lead the fight against authoritarianism by rejecting oppressive practices and championing democratic values. They implement robust policies, engage in transparent governance, and drive initiatives that set the standard for corporate responsibility.

Latest Events

OCT

01

2023

Implementation of Robust Supplier Code of Conduct
68.52

Bank of Ayudhya (Krungsri Group) has implemented a comprehensive Supplier Code of Conduct focusing on fair labor practices, anti-discrimination, and sustainable supplier management. This policy demonstrates a positive commitment to ethical business practices by enforcing standards that protect workers' rights and ensure supply chain integrity.
+80

Labor Relations and Human Rights Practices

October 1

The Supplier Code of Conduct clearly outlines commitments to fair labor practices, equality, and non-discrimination, ensuring compliance with labor laws and safe working conditions. This indicates that the company promotes a work environment that values human rights and fair treatment, which is crucial for countering exploitative practices linked to authoritarian economic policies.

Supplier Code of Conduct
+80

Supply Chain Ethics

October 1

The policy emphasizes responsible supplier management by requiring adherence to ethical business practices, transparency, and compliance with environmental and labor regulations. By establishing standards for supply chain ethics, the company reduces its risk of complicity in human rights abuses and supports sustainable, fair trade practices.

Supplier Code of Conduct
AUG

31

2023

Bank of Ayudhya Diversity and Inclusion Initiatives
67.94

Bank of Ayudhya has been recognized as Thailand's best bank for diversity and inclusion in 2023. The bank has significantly emphasized a merit-focused culture with a strong representation of women in its workforce and leadership, alongside proactive corporate social responsibility initiatives such as breast cancer awareness campaigns.
+80

Business Practices and Ethical Responsibility

March 22

Bank of Ayudhya's robust diversity and inclusion policies, as demonstrated by a high percentage of female employees in hiring, management, and executive roles, contribute positively to its ethical business practices. These initiatives not only enhance workplace fairness but also reflect a commitment to social responsibility, countering authoritarian tendencies by fostering a merit-based and inclusive environment.

Thailand's best bank for diversity and inclusion 2023: Bank of Ayudhya
JAN

01

2023

Good Corporate Governance Practices at Bank of Ayudhya
63.58

The corporate governance report demonstrates Bank of Ayudhya’s strong commitment to ethical business practices and regulatory compliance. By adhering to internationally recognized governance standards and robust oversight mechanisms, the bank reinforces democratic norms and mitigates risks of corporate involvement in authoritarian practices.
+80

Public and Political Behavior

March 22

The report outlines comprehensive governance practices that emphasize transparency and accountability, reducing the potential for undue political influence and reinforcing democratic processes. This positive approach to Public and Political Behavior reflects a responsible corporate stance in countering authoritarian tendencies.

Corporate Governance Report | Bank of Ayudhya
+80

Business Practices and Ethical Responsibility

March 22

The bank’s commitment to ethical practices is evident in its structured corporate governance framework. By aligning with both local and international standards, Bank of Ayudhya displays robust business practices that safeguard against potential abuses of power, reinforcing anti-authoritarian and democratic values.

Corporate Governance Report | Bank of Ayudhya
JAN

01

2020

Bank of Ayudhya Human Rights Policy Adoption
47.09

Bank of Ayudhya has implemented a comprehensive human rights policy that sets clear guidelines for labor practices and ethical supplier conduct. The policy covers employees, suppliers, business partners, and communities, reflecting a commitment to uphold international human rights standards and due diligence in its operations.
+85

Labor Relations and Human Rights Practices

March 22

The bank's human rights policy robustly addresses labor rights by enforcing compliance with international regulations, prohibiting forced and child labor, and ensuring fair treatment of employees. This proactive stance on protecting worker rights demonstrates a strong commitment to ethical business practices.

Policy for Human Rights | Bank of Ayudhya
+75

Supply Chain Ethics

March 22

The policy also includes clear expectations for supplier ethics by mandating fair supplier selection processes and requiring adherence to human rights standards. While these provisions are positive, additional details on enforcement and oversight mechanisms would further strengthen this aspect.

Policy for Human Rights | Bank of Ayudhya