KBank Subsidiaries and ASEAN Economic Strategy

K KASIKORNTHAI Sustainable Development KASIKORNBANK conducts business with the foundation of Bank of Sustainability, with appropriate risk management and good corporate governance principles. We strive to balance economic, social, and environmental dimensions to achieve goals and create sustainable long-term returns. The philosophy of sustainable development is instilled in all our operations as part of our Green DNA, ensuring maximum benefit for all stakeholders and paving the way for sustainable growth. Economic Aspect Corporate Governance Customer Centricity Innovation Financial Knowledge • Risk Management BANK OF SUSTAINABILITY CIAL ASPEC Existeyen GREEN burcial ECONOMIC ASPECT INTERNATIONAL Dow Jones Sustainability Indices In collaboration with AM AM Sustainability Award Bronze Class 2020 FTSE4Good MSCI Sambay +CDP GLOSSZUMENTACTI ธนาคารกสิกรไทย 开泰银行 KASIKORNBANK PRIDE OF KBank The first and only commercial bank in Thailand and ASEAN selected as a member of the DJSI World Index and DJSI Emerging Markets Index for four consecutive years (2016-present) KBank has been classified in the Bronze Class of the banking industry category by RobecoSAM (2018-present) A member of the FSTE4Good Emerging Index for four consecutive years (2016-present) KBank's Leadership Level rating is at AA for its ESG performance among emerging market banking sector peers The first Bloomberg Gender-Equality Index (GEI) member from Thailand. The Bloomberg Gender-Equality Index (GEI) distinguishes companies committed to transparency in gender reporting and advancing women's equality for two consecutive years (2019-present) The first Thai commercial bank with an A- Management Level rating, assessed by the Carbon Disclosure Program (CDP) • Customer Data Security and Privacy Social Aspect Labor Relations Management and Employee Caring Employee Development Occupational Health and Safety Youth Education Development and Community and Social Development Environmental Aspect Financial support to environmentally- friendly businesses Environmentally friendly and reducing the environmental impacts of our own operations Adaptation and mitigation of the impact of climate change Zero Carbon Society ENVIRONMENTAL ASPECT Protoc Commitment-based Sustainable Finance Initiatives Participating in commitment-based sustainable finance initiatives which are UN Principles for Responsible Banking, TCFD and memorandum of agreement on establishing responsible lending practices. UNEP PRINCIPLES FOR HNANCE RESPONSIBLE NTATIVE BANKING TCFD NATIONAL THSI Included in Thailand Sustainability Investment (THSI) for THAILAND four years (2015, 2017- SUSTAINABILITY INVESTMENT 2019 ESG100 present) ESG 100 certificate 2020 SET SET Sustainability Awards - Outstanding granted by the Stock Exchange of Thailand for two consecutive years (2018-2019) Sustainability Report Award 2019 Sustainability Disclosure Award (Certified by Thaipat) A The first and only carbon commercial bank in Thailand neutral granted Carbon Neutral granted by Thaipat Institute Certification (2018-2019) RANK OF THAILAND อนาคารแห่งประเทศไทย บริการทุกระดับประทับใจ Note: More information on our Sustainable Development can be found on our website and KBank's Sustainability Report 2019 107 K KASIKORNTHAI ธนาคารกสิกรไทย 开泰银行 KASIKORNBANK Example of Economic Aspect: ESG Risk Management ■KBank has integrated ESG considerations into the risk management framework, with particular attention given to risks related to lending, investment, products, and services At the management level Lending activities are structured so as to demonstrate environmental and social responsibility as follows Board of Directors Risk Oversight Committee Corporate Governance Committee Credit Risk Management Sub-committee Business Units Monitoring and Controlling Function Board of Directors Approving risk management policy, frameworks, risk limits and risk appetites ■Risk Oversight Committee Overseeing and ensuring compliance with consolidated risk management policies and strategies and acceptable risk appetite Assessing risk management policies and strategies to cover all risks including emerging risks Corporate Governance Committee Overseeing, monitoring, and undertaking sustainable development ■ Approving credit policy addressing environmental and social impact management in lending and investment activities ■ Ensuring effective practice of environmental and social risk management Business units Screening environmental and social risks of projects to be supported Ensuring and monitoring projects' compliance with regulations/ environmental and social management plans ■Monitoring and Controlling Functions Ensuring credit policy and procedure compliance Reporting project finances and concerning environmental and social issues to the Corporate Governance Committee At the transaction level The Bank ensures that lending transactions violate neither the law nor social ethics Offences relating to narcotics Offences relating to gambling Offences relating to exploitation of natural resources Offences relating to embezzlement Offences relating to terrorism Offences relating to human trafficking Environmental and Social Assessment Classify project finance type and conduct environmental and social impact assessment (ESIA) Request management approval to conduct project feasibility study (If not approved, projects are terminated) Consider all details and initiate negotiations on environmental and social issues as well as on credit possibility Approve/reject application within delegated lending authority along with designating environmental and social impact conditions บริการทุกระดับประทับใจ 108

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