Sustainability

Hero Letter S

Governance Dimension

Transparency Rooted in the Hearts
of Our People Is the Foundation of Sustainable Trust

Good Governance Starts from People. Sustainable transparency is not built through systems or
regulations alone, but through the integrity, mindset, and sincerity of our people, driven by the
commitment to always do what is right.
A Genuine Commitment <br/>to Stand with Farmers Every Step of the Way
A Genuine Commitment <br/>to Stand with Farmers Every Step of the Way

Governance Driven by the Heart of Our People

A Genuine Commitment
to Stand with Farmers Every Step of the Way

BAAC’s commitment lies in sincerely understanding the lives of farmers and listening deeply to their
needs. This enables us to develop products, services, and support systems that truly reflect their
realities, empowering farmers to build long-term stability and resilience.

The Well-Being of Thai Farmers Is at the Heart of Every BAAC Employee

Understanding <br />the Real Needs of Farmers

Understanding
the Real Needs of Farmers

We analyze insights from research, surveys, customer feedback, and social media monitoring to gain a deep understanding of customers’ needs, expectations, and perspectives.

Developing Products and Services That Truly Meet Customer Needs

Developing Products and Services That Truly Meet Customer Needs

We respond to customer needs by designing financial products aligned with appropriate risk profiles, maintaining high service quality standards, and adhering to principles of fair and responsible service.

Creating Positive Experiences <br class='show-desktop' />for Farmers and Communities

Creating Positive Experiences
for Farmers and Communities

We continuously strengthen knowledge and capabilities to deliver efficient services, enhance customer satisfaction, and build lasting relationships with farmers and communities.

Monitoring and Evaluation <br class='show-desktop' />for Sustainable Improvement

Monitoring and Evaluation
for Sustainable Improvement

We consistently monitor sustainability performance and assess impacts on customer satisfaction and trust to support continuous development and long-term success.

Customer
Satisfaction
Outcomes

Customer
satisfaction score

4.8

out of 5

Satisfaction with
complaint handling

100

percent

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Building a Strong Internal Culture as the <br class="show-desktop"/>Foundation for Lasting Social Impact
Building a Strong Internal Culture as the <br class="show-desktop"/>Foundation for Lasting Social Impact

Continuous Governance Development

Building a Strong Internal Culture as the
Foundation for Lasting Social Impact

BAAC places strong emphasis on developing the capabilities, knowledge, and core values of its
employees. This solid foundation enables BAAC to nurture people, empower farmers, and contribute
to building an effective and resilient society.

Ongoing Employee Development and Engagement

Fostering Culture and Employee Well-being

Fostering Culture and Employee Well-being

BAAC encourages open dialogue, provides space for individuality, embraces a diverse workforce across generations, and cultivates an inclusive culture. These efforts enhance the overall quality of life and working environment within the organization.

Fairness, Accountability, <br />and Responsibility

Fairness, Accountability,
and Responsibility

BAAC promotes fair labor relations through governance committees, ethical charters, and continuous communication. These mechanisms strengthen cooperation and build mutual trust between the organization and its employees.

Capability Development and Lifelong Learning

Capability Development and Lifelong Learning

BAAC enhances employee skills and expertise through modern, flexible learning platforms, preparing its workforce to drive the organization toward sustainable rural development banking.

Employee Well-being and Quality of Life

Employee Well-being and Quality of Life

BAAC fosters a safe, flexible, and supportive working environment by improving operational systems and leveraging technology, enabling employees to maintain a healthy work-life balance and perform at their best.

Ethics and Workforce
Capability Enhancement Program

BAAC Cultural Day Activities

BAAC Cultural Day Activities

Held annually on March 22, BAAC organizes Cultural Day to honor Ajarn Namnean Saranak, a role model of good governance. The event promotes the concept of “Open Hearts, Unite Strength, Cultivate Culture” to foster long-term commitment to organizational values.

Program for Strengthening Employee Behavior toward Excellence

Program for Strengthening Employee Behavior toward Excellence

This program promotes organizational excellence through systematic planning and monitoring of employee engagement and corporate culture. It includes behavioral assessments and regular reporting to the Board for oversight and continuous improvement.

Health and Safety Is Priority

Health and Safety Is Priority

BAAC ensures a safe, healthy workplace by complying with safety regulations, improving work systems, adopting flexible arrangements, and using technology to enhance employee well-being and career development.

Fair and Responsible Care

Fair and Responsible Care

BAAC promotes fair labor relations through a Labor Relations Committee, a governance-aligned charter, and regular dialogue to strengthen cooperation, trust, and mutual understanding with employees.

Because “Trust” <br/>Has Always Been Our Core Commitment
Because “Trust” <br/>Has Always Been Our Core Commitment

Transparency That Earns Public Trust

Because “Trust”
Has Always Been Our Core Commitment

Transparency is the outcome of sincere and dedicated work. BAAC operates with openness and
integrity, allowing every process to be reviewed and examined. We believe that the trust of
farmers and society forms the true foundation of long-term sustainability.

Governance Rooted in Transparency and Accountability

Responsibility and Integrity

Responsibility and Integrity

BAAC performs its duties with responsibility, diligence, and honesty, always prioritizing the organization’s best interests while respecting the rights of all stakeholders and ensuring fair and equal treatment.

Transparency and <br class='show-desktop' />Information Disclosure

Transparency and
Information Disclosure

BAAC ensures timely and accurate disclosure of information, operates in accordance with established standards and timelines, and reports performance in line with policies, enabling shareholders and stakeholders to access reliable and relevant information.

Anti-Corruption Practices

Anti-Corruption Practices

BAAC actively promotes anti-corruption measures, establishes effective mechanisms for handling misconduct and fraud complaints, upholds human rights principles, and implements transparent and efficient recruitment and development processes.

Corporate Governance Reporting

Corporate Governance Reporting

BAAC regularly reports governance performance and progress under its governance plans to the Board and relevant subcommittees on a quarterly basis.

BAAC Transparency Promotion Program

No Gift No Policy

No Gift No Policy

BAAC announces the Anti-Corruption and No Gift Policy to communicate key implementation directions for 2025.

Disciplinary Awareness and Communication Plan

Disciplinary Awareness and Communication Plan

This plan strengthens transparency in budgeting and procurement through multi-channel disciplinary communication, operational compliance briefings, and regular assessments of employee awareness and understanding.

Anti-Corruption Prevention Plan

Anti-Corruption Prevention Plan

BAAC reinforces mechanisms to prevent and address corruption by establishing dedicated task forces, analyzing risk behaviors, and reporting progress to the Corporate Governance Subcommittee.

ISO 37301 Compliance Effectiveness Training Program

ISO 37301 Compliance Effectiveness Training Program

BAAC conducts training in accordance with ISO 37301 standards to enhance compliance knowledge and strengthen its Compliance Management System (CMS) in line with international best practices.

Stakeholder Engagement Activities

Stakeholder Engagement Activities

BAAC organized 586 stakeholder engagement activities with over 64,000 participants, strengthening relationships, reinforcing brand trust, and reaffirming the importance of actively listening to customer and stakeholder voices.

The Success of Good Governance

BAAC Achieved the “Excellent Pass”
Level from ITA

BAAC joined NACC’s ITA, scoring 97.94 in FY2024, up 1.49 points year-on-year. NACC issued the FY2025 assessment framework and guidelines on 3 December 2024.

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