Kiatnakin Phatra Financial Group, or KKP, has expanded its human rights risk assessment framework, piloting the use of human rights criteria to screen 86 listed companies in its Thai equity portfolio as part of its investment decisions, according to disclosure by Aphinant Klewpatinond, Chief Executive Officer of KKP. The assessment results were presented to the Investment Committee for use in considering investments and as a guideline for discussions with listed companies to raise standards together. On the investment side, Kiatnakin Phatra Asset Management has co-signed the Principles for Responsible Investment, or PRI, under the support of the United Nations, or UN. At the same time, KKP has begun assessing risks from the use of AI technology in the workplace in order to set measures to prevent bias and discrimination from algorithms in processes affecting employee rights, such as recruitment, performance evaluation, and compensation, establishing the norm that human oversight must always govern decisions, while preparing Reskill and Upskill plans to support the job structures that will change in the future. In addition, KKP has expanded its standards to cover child rights principles, particularly establishing a precautionary framework in advertising and marketing work so as not to affect vulnerable groups. Over the past three years, the organization has had no complaints of human rights violations at all. Most recently, Kiatnakin Phatra Bank was honored as one of 40 large business organizations to receive the Human Rights Award for the year 2569 at the excellent level, for the second consecutive year, from the Ministry of Justice, with Dr. Warapong Wongwachara, Head of the Sustainability Office, representing the organization to receive the award on September 24.
Kiatnakin Phatra Bank Public Company LimitedKKP expanded its human rights risk screening framework and won the Ministry of Justice Human Rights Award at excellent level for the second consecutive year.
