Empowering Communities, Protecting the Planet
“Thailand’s Krungthai-AXA Life Insurance exemplifies how a corporate entity can be a force for good in society and the environment.”
As a leading insurance provider in Thailand, Krungthai-AXA Life Insurance (KTAXA) represents a hallmark of excellence in sustainability, employee well-being, and community engagement. The company embodies a model of a forward-thinking organisation that is not just focused on financial performance but is equally dedicated to leaving a positive impact on society and the environment.
KTAXA has made significant strides in promoting environmental sustainability, aligning its practices with global standards. Central to this mission is its commitment to green investments, having reduced investments in coal and tobacco to zero. In 2021, the company subsequently achieved an impressive THB 6 billion in green investments.
KTAXA’s dedication to environmental stewardship is prominently displayed through various campaigns and initiatives, such as Week for Good 2023 that successfully raised THB 50,000 for the Women’s Foundation. Its Save Our Sea campaign involved volunteers collecting over 200 kg of trash from beaches and planting 1,000 mangrove trees, contributing to the absorption of 27,000 kg of CO2 annually. This campaign is part of KTAXA’s broader 4 Rs initiative—Rescue, Remove, Restore, and Resource—demonstrating the company’s holistic approach to environmental impact, from enhancing turtle nursery ponds to educational outreach on ocean conservation for children.
The firm’s alignment with AXA Group’s environmental policies further underscores its commitment to managing energy consumption, carbon emissions, and waste. Participation in global initiatives such as the UN Principles for Responsible Investment illustrates KTAXA’s dedication to sustainable finance.
Recognising that employee well-being is integral to its success, KTAXA fosters an inclusive and supportive workplace, with an Employer Promise that emphasises growth, flexibility, and community. This ensures that employees consistently feel valued and engaged.
The company’s Health & Well-being Program offers comprehensive support for employees, including regular health check-ups, yoga sessions, and mental health resources. Furthermore, KTAXA champions flexible working hours, allowing employees to choose their work schedules, and generous leave policies that consist of extensive maternity and paternity leave. This initiative accommodates the needs of all employees, including same-sex partners and transgender individuals.
Investing in professional development, KTAXA provides robust training programs, such as leadership development and digital skills workshops. On a similar note, the company’s Inclusion & Diversity Policy aims to cultivate a respectful and collaborative work environment, with regular Employee Pulse Surveys conducted to gauge employee satisfaction.
KTAXA’s social responsibility initiatives extend beyond the workplace, significantly impacting the communities it serves. The Caravan Health Check program, for instance, delivers free health check-ups and financial consultations, benefiting over 500,000 individuals. The KTAXA ‘Know You Can’ Football Academy, promotes health and fitness among children, particularly those from underprivileged backgrounds. Since its inception in 2019, over 6,000 children have participated, and in 2024, 10 lucky participants will have the chance to train at Anfield stadium in the UK.
Among its many community initiatives is the Run2Gether event, which fosters inclusivity in sports and has seen participation from over 12,000 runners in six years. Additionally, the Hearts in Action Program encourages employees to volunteer, resulting in over 4,015 hours of community service in 2023 alone.
Through its multifaceted approach to sustainability, employee well-being, and community engagement, KTAXA exemplifies how a corporate entity can be a force for good in society. By prioritising environmental stewardship, fostering a supportive workplace, and engaging meaningfully with communities, KTAXA not only enhances its brand as a business but also contributes to a more sustainable and equitable future for all. For these reasons and more, KTAXA is truly deserving of being named amongst the Top Community Centric Companies in Asia by the ACES Awards.
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