{"id":7055,"date":"2020-03-12T10:05:42","date_gmt":"2020-03-12T03:35:42","guid":{"rendered":"http:\/\/www.uabdev.com.mm\/?page_id=7055"},"modified":"2022-07-29T15:41:22","modified_gmt":"2022-07-29T09:11:22","slug":"responsible-business","status":"publish","type":"page","link":"https:\/\/uab.com.mm\/mm\/responsible-business\/","title":{"rendered":"Responsible Business"},"content":{"rendered":"<div data-elementor-type=\"wp-page\" data-elementor-id=\"7055\" class=\"elementor elementor-7055\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-bc7362d elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"bc7362d\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-3034c9c\" data-id=\"3034c9c\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-e8b9512 elementor-widget elementor-widget-image\" data-id=\"e8b9512\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img fetchpriority=\"high\" decoding=\"async\" width=\"1024\" height=\"320\" src=\"data:image\/svg+xml,%3Csvg%20xmlns%3D&#39;http%3A%2F%2Fwww.w3.org%2F2000%2Fsvg&#39;%20width=&#39;1024&#39;%20height=&#39;320&#39;%20viewBox%3D&#39;0%200%201024%20320&#39;%2F%3E\" data-czlz data-src=\"\/wp-content\/uploads\/2020\/04\/SDGs_logos_banner-1024x320.jpg\" class=\"attachment-large size-large wp-image-11164\" alt=\"\" data-srcset=\"\/wp-content\/uploads\/2020\/04\/SDGs_logos_banner-1024x320.jpg 1024w, \/wp-content\/uploads\/2020\/04\/SDGs_logos_banner-300x94.jpg 300w, \/wp-content\/uploads\/2020\/04\/SDGs_logos_banner-768x240.jpg 768w, \/wp-content\/uploads\/2020\/04\/SDGs_logos_banner-1536x480.jpg 1536w, \/wp-content\/uploads\/2020\/04\/SDGs_logos_banner-2048x640.jpg 2048w, \/wp-content\/uploads\/2020\/04\/SDGs_logos_banner-600x188.jpg 600w\" data-sizes=\"(max-width: 1024px) 100vw, 1024px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-c9f0930 elementor-section-stretched elementor-section-full_width elementor-section-height-default elementor-section-height-default\" data-id=\"c9f0930\" data-element_type=\"section\" data-settings=\"{&quot;stretch_section&quot;:&quot;section-stretched&quot;,&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-8a3eea7\" data-id=\"8a3eea7\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-1b340c7 elementor-widget elementor-widget-html\" data-id=\"1b340c7\" data-element_type=\"widget\" data-widget_type=\"html.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<style>\n.sssecbar {\n   white-space: nowrap;\n   overflow-x: auto;\n   overflow-y: hidden;\n   height: 50px;\n  }\n\n.sssecbar a {\n  display: inline-block;\n  padding: 70px;\n  text-decoration: none;\n  padding-top: 15px;\n  font-size: 14px;\n  background-color: transparent;\n  color: black;\n  font-weight: 500px;\n  }\n\n.sssecbar a:hover {\n  color: #2E3092;\n  border-top: 2px solid #2E3092 !important;\n  font-size: 14px;\n}\n\n\n<\/style>\n<body>\n<center>\n<div class=\"sssecbar\">\n <a href=\"\/compliance\">\u1005\u100a\u103a\u1038\u1000\u1019\u103a\u1038\u101c\u102d\u102f\u1000\u103a\u1014\u102c\u1001\u103c\u1004\u103a\u1038\n<\/a>\n  <a href=\"\/client-satisfaction\">\nClient Satisfaction<\/a>\n<a href=\"\/esg\">\n    ESG\n<\/a>\n<\/div>\n<\/center>\n<\/body>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-e41405d elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"e41405d\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-c6c07e5\" data-id=\"c6c07e5\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-d554a94 elementor-widget elementor-widget-text-editor\" data-id=\"d554a94\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-size: 14px;\"><a href=\"\/home\">Home<\/a> \/ <span style=\"color: #111;\">Sustainability<\/span> \/ <span style=\"color: #39b54a;\"> Responsible business<\/span><\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-6e9e813 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"6e9e813\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-a85ba9f\" data-id=\"a85ba9f\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-0b33533 elementor-widget elementor-widget-heading\" data-id=\"0b33533\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Doing the right thing, in a sustainable way<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-0f59747 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"0f59747\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-ff700cc\" data-id=\"ff700cc\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-b0cfce4 elementor-widget elementor-widget-text-editor\" data-id=\"b0cfce4\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-family: inherit;\">At uab bank, we believe in doing the right thing, in a sustainable way. We believe in creating value for all stakeholders, while meeting the environmental, social and governance challenges. We pride ourselves in complying with the law and do not take any business decisions that is seen or perceived to be seen violating the letter or spirit of the law. Strong internal controls and governance practices are in place to ensure, we remain compliant.<\/span><\/p><p><span style=\"font-family: inherit;\">We are facing unprecedented environmental and social challenges, which affects the way we go about our business. We are committed to setting standards and developing solutions that addresses the social, economic and environmental challenges. As a part proactive approach to address the challenges, we recently signed Memorandum of Understanding with WWF to develop and implement ESG Policy. In 2019, we completed a first materiality assessment to identify the issues that are material to us as a financial service provider and to our stakeholders. We have also aligned identified material areas with Sustainable Development Goals (SDGs).<\/span><\/p><p><span style=\"font-family: inherit;\">We are committed to UN Principles for Responsible Banking and UN Guiding Principles on Business and Human Rights. <br \/><\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-90c9bca elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"90c9bca\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-ee6a885\" data-id=\"ee6a885\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-ee6f2f4 elementor-widget elementor-widget-toggle\" data-id=\"ee6f2f4\" data-element_type=\"widget\" data-widget_type=\"toggle.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-toggle\">\n\t\t\t\t\t\t\t<div class=\"elementor-toggle-item\">\n\t\t\t\t\t<div id=\"elementor-tab-title-2501\" class=\"elementor-tab-title\" data-tab=\"1\" role=\"button\" aria-controls=\"elementor-tab-content-2501\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon elementor-toggle-icon-right\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon-closed\"><i class=\"fas fa-caret-right\"><\/i><\/span>\n\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon-opened\"><i class=\"elementor-toggle-icon-opened fas fa-caret-down\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-toggle-title\" tabindex=\"0\">UN Principles for Responsible Banking<\/a>\n\t\t\t\t\t<\/div>\n\n\t\t\t\t\t<div id=\"elementor-tab-content-2501\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"1\" role=\"region\" aria-labelledby=\"elementor-tab-title-2501\"><ul><li style=\"padding-bottom: 10px;\"><strong>Alignment<\/strong>: Commitment to align the business strategies with the objectives expounded in the SDGs and the Paris Agreement<\/li>\n \t<li style=\"padding-bottom: 10px;\"><strong>Impact and target setting<\/strong>: Commitment to increase the positive impacts and decrease the negative impacts of their business activities. Commitment to targets where we can have significant impacts<\/li>\n \t<li style=\"padding-bottom: 10px;\"><strong>Clients and customers<\/strong>: Work responsibly with their clients and customers in order to develop sustainable practices and foster shared prosperity for both current and future generations<\/li>\n \t<li style=\"padding-bottom: 10px;\"><strong>Stakeholders<\/strong>: Commitment to proactively consult, engage, and partner with relevant stakeholders to achieve society\u2019s goals<\/li>\n \t<li style=\"padding-bottom: 10px;\"><strong>Governance and culture<\/strong>: Implement Principles through an effective system of governance and a culture of responsible banking<\/li>\n \t<li style=\"padding-bottom: 10px;\"><strong>Transparency and responsibility<\/strong>: Review implementation of principles periodically and be transparent about positive and negative impacts<\/li>\n<\/ul><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-toggle-item\">\n\t\t\t\t\t<div id=\"elementor-tab-title-2502\" class=\"elementor-tab-title\" data-tab=\"2\" role=\"button\" aria-controls=\"elementor-tab-content-2502\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon elementor-toggle-icon-right\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon-closed\"><i class=\"fas fa-caret-right\"><\/i><\/span>\n\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon-opened\"><i class=\"elementor-toggle-icon-opened fas fa-caret-down\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-toggle-title\" tabindex=\"0\">UN Guiding Principles on Business and Human Rights<\/a>\n\t\t\t\t\t<\/div>\n\n\t\t\t\t\t<div id=\"elementor-tab-content-2502\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"2\" role=\"region\" aria-labelledby=\"elementor-tab-title-2502\"><p><span style=\"font-family: Objective-Light;\">uab bank respects and supports \u201c<strong>Protect<\/strong>, <strong>Respect<\/strong> and <strong>Remedy<\/strong>\u201d framework, which rests on three pillars. The three pillars are:<\/span><\/p><ul style=\"text-align: justify;\"><li style=\"padding-bottom: 10px;\"><span style=\"font-family: inherit;\"><strong>Protect<\/strong>: The State duty to protect against human rights abuses by third parties, including business, through appropriate policies, regulation, and adjudication<\/span><\/li><li style=\"padding-bottom: 10px;\"><span style=\"font-family: inherit;\"><strong>Respect<\/strong>: The corporate responsibility to respect human rights, which means to act with due diligence to avoid infringing the rights of others and to address adverse impacts that occur; and<\/span><\/li><li style=\"padding-bottom: 10px;\"><span style=\"font-family: inherit;\"><strong>Remedy<\/strong>: Both State and business responsibility to provide greater access to victims for effective remedy, both judicial and non-judicial<\/span><\/li><\/ul><p style=\"text-align: justify;\"><span style=\"font-family: inherit;\">You can read more about Human Rights here:<\/span><\/p><p style=\"text-align: justify;\"><span style=\"font-family: inherit;\"><a class=\"susdownbtn\" href=\"\/suspdf\/Responsible_Business\/Main_Page\/Statement_on_Human_Rights\/Statement_on_Human_Rights.pdf\" target=\"_blank\" rel=\"noopener\"><strong><i class=\"fa fa-download\"><\/i> Statement on Human Rights<\/strong> <\/a><\/span><\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-toggle-item\">\n\t\t\t\t\t<div id=\"elementor-tab-title-2503\" class=\"elementor-tab-title\" data-tab=\"3\" role=\"button\" aria-controls=\"elementor-tab-content-2503\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon elementor-toggle-icon-right\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon-closed\"><i class=\"fas fa-caret-right\"><\/i><\/span>\n\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon-opened\"><i class=\"elementor-toggle-icon-opened fas fa-caret-down\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-toggle-title\" tabindex=\"0\">The Ten Principles of the UN Global Compact<\/a>\n\t\t\t\t\t<\/div>\n\n\t\t\t\t\t<div id=\"elementor-tab-content-2503\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"3\" role=\"region\" aria-labelledby=\"elementor-tab-title-2503\"><h4><span style=\"font-family: Objective-Light;\">Human Rights<\/span><\/h4><p><strong>Principle 1:<\/strong> Businesses should support and respect the protection of internationally proclaimed human rights; and<br \/><strong>Principle 2:<\/strong> make sure that they are not complicit in human rights abuses.<\/p><h4><span style=\"font-family: Objective-Light;\">Labour<\/span><\/h4><p><strong>Principle 3:<\/strong> Businesses should uphold the freedom of association and the effective recognition of the right to collective bargaining;<br \/><strong>Principle 4:<\/strong> the elimination of all forms of forced and compulsory labour;<br \/><strong>Principle 5:<\/strong> the effective abolition of child labour; and<br \/><strong>Principle 6:<\/strong> the elimination of discrimination in respect of employment and occupation.<\/p><h4><span style=\"font-family: Objective-Light;\">Environment<\/span><\/h4><p><strong>Principle 7:<\/strong> Businesses should support a precautionary approach to environmental challenges;<br \/><strong>Principle 8:<\/strong> undertake initiatives to promote greater environmental responsibility; and<br \/><strong>Principle 9:<\/strong> encourage the development and diffusion of environmentally friendly technologies.<\/p><h4><span style=\"font-family: Objective-Light;\">Anti-Corruption<\/span><\/h4><p><strong>Principle 10:<\/strong> Businesses should work against corruption in all its forms, including extortion and bribery.<\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-1731140 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"1731140\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-f986fee\" data-id=\"f986fee\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-c8c0a3c elementor-widget elementor-widget-spacer\" data-id=\"c8c0a3c\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>","protected":false},"excerpt":{"rendered":"<p>Compliance Client Satisfaction ESG Home \/ Sustainability \/ Responsible business Doing &#8230; 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