IFS Capital (Thailand) Public Company Limited
Climate Impact & Sustainability Data (2020)
Reporting Period: 2020
Environmental Metrics
ESG Focus Areas
- Corporate Social Responsibility (CSR)
- Sustainable Growth
- Corporate Governance
- Risk Management
- Human Resources Development
- Environmental Conservation
Environmental Achievements
- Encouraged employees to conserve water and energy through communications and campaigns.
- Promoted the use of environmentally-friendly products.
- Shifted to cloud platform to reduce carbon footprint and reduce paper usage.
Social Achievements
- Granted debt restructuring to some leasing clients affected by the COVID-19 outbreak.
- Maintained a low employee turnover rate of 4% in 2020.
- Provided 5 scholarship awards for employees' children.
- Implemented employee satisfaction survey and modified employee welfare.
- Donated PPEs to Phramongkutklao Hospital and Ramathibodi Hospital.
- Donated to the Royal Kathin at Yang Noi Temple and Wat Yai Suwannaram.
Governance Achievements
- 100% of employees completed online training for IT Cybersecurity, COVID-19 related fraud prevention, Anti-Money Laundering & Countering the Financing of Terrorism, and Handling of Confidential Information & Prevention of Insider Trading.
- Revised exposure guidelines for single client and single customer based on risk tolerance and annual profit.
- No complaints received on corruption in 2020.
- Certified as a member of the Collective Action Coalition against Corruption (CAC) until 2023.
Climate Goals & Targets
Short-term Goals:
- Digitize entire operations by 2021.
- Implement a Digital Factoring Platform in 2021.
Environmental Challenges
- COVID-19 pandemic and its impact on clients and operations.
Mitigation Strategies
- Granted debt restructuring to affected leasing clients.
- Implemented a work-from-home plan.
- Established a Business Continuity Plan (BCP).
Supply Chain Management
Responsible Procurement
- Support the use of environmentally-friendly products