Sustainability Report 2022

Bangkok Commercial Asset Management Public Company Limited is committed to developing its business for sustainable growth under the vision "To be the leading organization in the revival of assets to drive Thai economy and society towards sustainable growth" by aiming to create positive impacts on society via non-performing asset management in order to help debtors, solve financial institution problems and revitalize real estate industry through the development properties foreclosed allowing them to be more standardized and demanded by the market.

The Company realizes that operating its business based on good corporate governance by employing, a sustainable business development framework, on promotion of efficient, transparent and auditable management by taking into account all the stakeholders and on being responsible for the environment, society and communities will help encourage and support the Company to achieve the goals of creating economically sustainable values and sustainably prosper alongside society.

Moreover, due to our constant determination for and continual emphasis on good corporate governance, the Company has been given a five-star assessment or excellent CG scoring by the Thai Institute of Directors (IOD) in the Corporate Governance Report (CGR), supported by the Stock Exchange of Thailand (SET). In addition, being selected to be on Thailand Sustainability Investment (THSI) list for the first time is an important step towards becoming an asset management company under the ESG principles of sustainable growth.

On behalf of the Board of Directors, Executives, and Employees of Bangkok Commercial Asset Management Public Company Limited, I would like to thank all the Shareholders, Customers, Employees, Partners, Business Partners, Government Agencies, Regulators, Communities, and Stakeholders in all sectors for your contribution to the Company’s success and pride, including giving trust and confidence to us. The Company will always adhere to the good governance and corporate governance principles and operate business with economic, social and environmental responsibility.

Throughout the past 23 years, Bangkok Commercial Asset Management Public Company Limited (BAM) has played a crucial part in driving the Thai economy by creating added value from comprehensive asset management, including non-performing assets, both NPLs and NPAs, and solving problems of non-performing assets in the financial institution system as well as helping the Thai economy grow sustainably, which is considered as the essential role in sustainable development of the Company.

In 2020, the Company designated the Corporate Sustainability Development Policy to be used as a framework for managing and adhered to business operation in accordance with the Sustainable Development Goals (SDGs), and a guideline for business operations mainly on the basis of environmental responsibility, society and good governance. Additionally, this creates shared value for stakeholders and maintains the responsibility and trust of all stakeholders.

The Company's sustainability operations need to be performed continually. The Company will continue to make progress in business, strengthen financial position and promote the corporate cultures to be able to address challenges and meet stakeholders’ expectations.

Due to its sustainability performance last year, the Company was selected by the Stock Exchange of Thailand, to be one of Thailand Sustainability Investment (THSI) stock lists for 2022, which is considered to be an award of operation with commitment that gives priority to sustainable development business operations. In addition, it received an Excellence score from good corporate governance assessment results for listed companies organized by the Thai Institute of Directors Association (CGR) for the year 2022.

On behalf of the Management and all the employees, I would like to thank all for the continued support, confidence and trust in the Company. We will be determined to continuously build and ensure business growth by adhering to the good governance towards being a sustainable organization.