Board Statement on Sustainability

The Board has been committed to creating long-term value for all of United Overseas Bank (Thai) PCL (“UOB (Thai)”)’s stakeholders. Integral to the business direction of UOB (Thai) is its sustainability strategy. In formulating this strategy, the Board considered the factors, which contribute to the sustainable growth of UOB (Thai), taking into account insights across the organisation and from external stakeholders.

UOB (Thai)’s approach to sustainability is being pragmatic and progressive in addressing material risks that may have an impact on all of UOB (Thai)’s stakeholders. We believe that UOB (Thai), as a subsidiary of one of Asia’s largest banks, have a duty to contribute to the region’s long term economic, social and environmental well-beings. This long-term approach will be integrated into UOB (Thai)’s business activities. The Board and Management are supported by UOB (Thai)’s dedicated Environmental, Social and Governance (ESG) Committee, comprising senior executives from functions across the organisation.

UOB’s values of Honour, Enterprise, Unity and Commitment underpin UOB (Thai)’s sustainability strategy. These values will continue to guide UOB (Thai)’s people, policies and processes to ensure that long-term interests of UOB (Thai)’s all stakeholders be maintained, and the performance of UOB (Thai) be sustained.