Human Rights
Commitment
To continuously enhance the Bank’s human rights practice and build awareness among employees to ensure proper management and alignment with regulations and international standards.
Materiality
Business and human rights is one of the most important issues of today. Respecting human rights in business helps prevent and mitigate potential negative impacts on stakeholders, supports the image and supports sustainable growth. The Bank recognizes the importance of respecting human rights and human rights risk management, and strictly complies with international and local principles and standards, such as the Universal Declaration of Human Rights (UDHR) and the International Labour Organization (ILO) Conventions.
In reflection of our commitment to respect human rights, we have adopted the United Nations Guiding Principles on Business and Human Rights (UNGP) to guide our human rights management. Accordingly, we have established a human rights policy and practice, and have also conducted Human Rights Due Diligence (HRDD) to assess human rights risks and impacts that may occur as a result of the business activities by the Bank, its suppliers and its customers. This also includes setting appropriate preventive, corrective and remedial measures to reduce risks, mitigate potential negative impacts and provide remediation actions.
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