abusesaffiliationarrow-downarrow-leftarrow-rightarrow-upattack-typeburgerchevron-downchevron-leftchevron-rightchevron-upClock iconclosedeletedevelopment-povertydiscriminationdollardownloademailenvironmentexternal-linkfacebookfiltergenderglobegroupshealthC4067174-3DD9-4B9E-AD64-284FDAAE6338@1xinformation-outlineinformationinstagraminvestment-trade-globalisationissueslabourlanguagesShapeCombined Shapeline, chart, up, arrow, graphLinkedInlocationmap-pinminusnewsorganisationotheroverviewpluspreviewArtboard 185profilerefreshIconnewssearchsecurityPathStock downStock steadyStock uptagticktooltiptwitteruniversalityweb

28 Aug 2020

Thanachart Bank's response to the OHCHR

The following is a response by the company addressed to the Special Procedures Branch of the United Nations' Office of the High Commission for Human Rights:

28 August 2020


[...] [T]he Bank undertakes internal credit monitoring to assure all projects strictly abide by international standards in assessing, monitoring and addressing any environmental or social issues that arise in connection with the development, construction or operation of all projects. This typically includes a detailed Environment Impact Assessment (EIA) and Social Impact Assessment (SIA), as well as the engagement of third party monitoring experts to minimize impacts to the environment and affected communities.

Following the incident stemming from the collapse of the dam, the Bank has worked closely with other syndicate lenders, the Company and the social and environmental working group including the technical advisor appointed by syndicate lenders to work with the Company to minimize potential impact and ensure proper compensation to the affected people in accordance with the law and social and environmental guideline under the facility agreement. The has urgently collaborated with the government agencies of the Lao PDR to minimize and mitigate the adversely social and environmental impacts and has reported the situation to all lenders periodically as attached herewith.