Communication on Progress

Communication on Progress

Participant
Published
  • 30-Oct-2014
Time period
  • October 2013  –  October 2014
Format
  • Stand alone document – Basic COP Template
Differentiation Level
  • This COP qualifies for the Global Compact Active level
Self-assessment
  • Includes a CEO statement of continued support for the UN Global Compact and its ten principles
  • Description of actions or relevant policies related to Human Rights
  • Description of actions or relevant policies related to Labour
  • Description of actions or relevant policies related to Environment
  • Description of actions or relevant policies related to Anti-Corruption
  • Includes a measurement of outcomes
 
  • Statement of continued support by the Chief Executive Officer

  • Statement of the company's chief executive (CEO or equivalent) expressing continued support for the Global Compact and renewing the company's ongoing commitment to the initiative and its principles.

  • October 30, 2014

    Go our stakeholders:

    Asia Green Development Bank Limited (AGDBank) is proud to be a supporter and participant of the United Nations Global Compact. I am pleased to confirm that AGDBank reaffirms its support of the Ten Principles of the UN Global Compact in the areas of Human Rights, Labor, Environment and Anti-Corruption.

    In this annual Communication on Progress, we describe our actions to continually improve the integration of the Global Compact and its principles into our business strategy, culture and daily operations. We also commit to share this information with our stakeholders using our primary channels of communication and to participate in annual contribution to the foundation for the Global Compact.

    Sincerely,
    Thet Lwin Shwe
    Managing Director

Human Rights
  • Assessment, policy and goals

  • Description of the relevance of human rights for the company (i.e. human rights risk-assessment). Description of policies, public commitments and company goals on Human Rights.

  • AGDBank abide by the Universal Declaration of Human Rights which we support and respect the protection of internationally proclaimed human rights and ensure that there are not complicit in human rights abuses at work place.

  • Implementation

  • Description of concrete actions to implement Human Rights policies, address Human Rights risks and respond to Human Rights violations.

  • We strictly follow the Ten Principles of the Global Compact and our human resources department has policies and procedures to follow by all employees.

  • Measurement of outcomes

  • Description of how the company monitors and evaluates performance.

  • We have had no violations.

Labour
  • Assessment, policy and goals

  • Description of the relevance of labour rights for the company (i.e. labour rights-related risks and opportunities). Description of written policies, public commitments and company goals on labour rights.

  • AGDBank provides equal employment opportunities and we have different race, ethnic origin, gender, religion, color, age, marital, disabilities at our bank. We are also responsible for creating an atmosphere free of discrimination and harassment. We are a member of labor union and all staff are registered with it and they are entitle of all the rights and benefit describe by labor union.

  • Implementation

  • Description of concrete actions taken by the company to implement labour policies, address labour risks and respond to labour violations.

  • We are responsible for respecting the rights of co-workers and handbook to follow labor policies and procedures at work place.

  • Measurement of outcomes

  • Description of how the company monitors and evaluates performance.

  • Proper employee documentation for all staff is done by human resources department and our HR department enforce all staff follow policies and procedures to meet the target and we met this target.

Environment
  • Assessment, policy and goals

  • Description of the relevance of environmental protection for the company (i.e. environmental risks and opportunities). Description of policies, public commitments and company goals on environmental protection.

  • AGDBank as a bank our enviormental impact is small. However, we support our sister company foundation and we donate to teak wood plantation projects, flooded area and donate water to dry zone and strive to reduce use of paper and printing at the bank.

  • Implementation

  • Description of concrete actions to implement environmental policies, address environmental risks and respond to environmental incidents.

  • In additional to our donation to teak wood plantation projects, flooded area and donate water to dry zone, we try to reduce use of paper and energy by all lights out after office hour.

  • Measurement of outcomes

  • Description of how the company monitors and evaluates environmental performance.

  • AGDBank has had zero incidences of environmental incidents.

Anti-Corruption
  • Assessment, policy and goals

  • Description of the relevance of anti-corruption for the company (i.e. anti-corruption risk-assessment). Description of policies, public commitments and company goals on anti-corruption.

  • AGDBank believes in and supports of the Global Compact Anti-Corruption principle. We have a compliance department which do assessment on anti-corruption under operation of the bank and moreover we have policies to follow by management against corruption.

  • Implementation

  • Description of concrete actions to implement anti-corruption policies, address anti-corruption risks and respond to incidents.

  • AGDBank employees must strictly adhere to set of rules detailed in our anti corruption policies.

  • Measurement of outcomes

  • Description of how the company monitors and evaluates anti-corruption performance.

  • AGDBank has had zero incidences of bribery or any other ethical breaches.