{"id":7388,"date":"2020-03-13T13:05:55","date_gmt":"2020-03-13T06:35:55","guid":{"rendered":"http:\/\/www.uabdev.com.mm\/?page_id=7388"},"modified":"2025-02-18T09:52:45","modified_gmt":"2025-02-18T03:22:45","slug":"esg","status":"publish","type":"page","link":"https:\/\/uab.com.mm\/mm\/responsible-business\/esg\/","title":{"rendered":"ESG"},"content":{"rendered":"
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Sustainablility<\/span> \/ Responsible Business<\/a> \/ ESG<\/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

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As part of delivering the above statement to stakeholders, we understand the importance of managing risk well and are committed to responsible, sustainable growth through fair, ethical and responsible business practices. Thus, we not only look at risk from a traditional perspective (i.e. credit risk, market risk) but also look at environmental, social and governance risk. We take account of ESG risk while developing a product or services.<\/span><\/p>

Our Commitment is underscored by the recent signing of a Memorandum of Understanding with WWF for the development and implementation of the Environmental, Social and Governance Framework.<\/span><\/p>

We have taken a proactive step of establishing and implementing an EXCLUSION LIST, which lists sectors or types of customers that do not fit into uab bank\u2019s profile. We do not facilitate financing to entities engaged in activities listed below:<\/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

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  • Production, trading and maintenance of weapons and munitions of any kind<\/span><\/li>\n \t
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    Trade in or unauthorised catching of wildlife or wildlife products<\/span><\/p>\n<\/li>\n \t

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    Production or trade in any product or activity deemed illegal under Myanmar laws or regulations or international conventions and agreements, or subject to international bans, such as pharmaceuticals, pesticides\/herbicides, ozone depleting substances<\/span><\/p>\n<\/li>\n \t

  • Hunting marine mammals and shark finning<\/span><\/li>\n \t
  • Using of dynamite and poison in fishery practices<\/span><\/li>\n \t
  • Activities involving harmful or exploitative forms of forced labor or harmful child labour<\/span><\/li>\n \t
  • Activities involving people smuggling of any kind<\/span><\/li>\n<\/ul>\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
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    Environmental data for the financial year ended at 31st<\/sup> March 2024:<\/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

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    CARBON FOOTPRINT (METRIC TONS OF CO2e)<\/h6>\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
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    \n\t\t\t\t\t\t\t\t\tWe conducted a carbon footprint analysis and summarised key metrics on its environmental impact.\nThe key measurement of our environmental carbon footprint for FY 2024 with comparison to other\nfinancial years is described below.\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
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    • Scope 1: : Direct emissions include fuel usages for transportation and generators at HO and\nbranches. Its total CO2e in metric tons was 1056.4 which represents 64.6 % of total carbon\nfootprint.<\/li>\n\n
    • Scope 2: Indirect emissions of electricity consumption across the operations was supplied by\nthe government. It amounted to 555.19 metric tons of CO2e accounted for 34.0% of total carbon\nfootprint.<\/li>\n\n
    • Scope 3: Indirect emissions arising from energy use in rented facilities and ferry buses for\nemployees were 23.11 metric tons of CO2e, constituting 1.4% of total carbon footprint.<\/li>\n<\/ul>\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
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      \n\t\t\t\t\t\t\t\t\tFor FY2024, it is noted the use of fuel at our premises contributed to a larger portion at 64.6% of the\ncarbon footprint with electricity use at 34.0% of the footprint.\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
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      \n\t\t\t\t\t\t\t\t\tA further comparison of the numbers for FY2023 and FY 2024 is as below:\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
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