Supplier Management

KTB supplier management strategy covers three main aspects: "corporate ethics and human rights," "rights and interests of employees," and "environmental protection." KTB has formulated the "Regulations on Supplier Management," which has been disclosed on the KTB's official website, stipulating that suppliers shall lay emphasis on corporate social responsibility, promote sustainable development, and aide by regulations on ethical management, occupational health and safety, and labor human rights, etc., and devote to reducing their impact on the environment.

In terms of practical implementation, KTB formulated "Guidelines for Procurement" and "Regulations Governing the Handling of Non-Credit Transaction of the Bank to Stakeholders," established fair and reasonable manufacturer-selecting mechanism and procurement procedures. In addition, when signing contract with the suppliers, we set up clauses regarding ethical corporate management and sustainable development, etc., and the suppliers can become qualified manufacturers only after signing such clauses. KTB promoted self-assessment and acceptance inspection of the suppliers, and also performed health education training and advocacy regarding work with high risk, as well as routine visit, inspection, communication and improvement of the suppliers, so as to strengthen supplier management.

KTB prioritizes local suppliers as its source of procurement. KTB's suppliers include postal and courier service providers, printing and packaging manufacturers, machine and equipment maintenance service providers, software developers, construction and security maintenance providers, etc. The procedures of regulations and management regarding suppliers are as shown below: