KBZ Bank and BCGEA Take Strides Towards Promoting Gender Equality in the Workplace

Yangon, Myanmar, 16 May 2019 – KBZ Bank, Myanmar’s largest privately-owned bank, is proud to announce that it has received the EDGE certification with support from Business Coalition for Gender Equality Association (BCGEA), a non-profit association committed to promoting gender equality in the workplace in Myanmar. KBZ Bank is one of 13 Myanmar companies to receive the Economic Dividends for Gender Equality (EDGE) certification, a world-leading certification system to evaluate corporate commitment to gender equality in the workplace.

Founded in October 2018, BCGEA is a coalition of six local companies that is committed to promoting gender equality in the workplace in Myanmar. As a founding member of BCGEA and in line with itscore value of ‘Banking with Metta’ or loving-kindness, KBZ Bank sees significant value in implementing initiatives that directly benefit women both on the balance sheet and across society. This is especially significant as the bank employs more than 18,000 people across Myanmar, with 53 percent of its workforce comprising women.Yangon, Myanmar, 16 May 2019 – KBZ Bank, Myanmar’s largest privately-owned bank, is proud to announce that it has received the EDGE certification with support from Business Coalition for Gender Equality Association (BCGEA), a non-profit association committed to promoting gender equality in the workplace in Myanmar. KBZ Bank is one of 13 Myanmar companies to receive the Economic Dividends for Gender Equality (EDGE) certification, a world-leading certification system to evaluate corporate commitment to gender equality in the workplace.

Daw Nang Lang Kham, Deputy CEO of KBZ Bank says, “Diversity and inclusion is a key businessimperative for KBZ Bank and we are starting by championing gender equality at work. We are fullysupportive of BCGEA’s gender equality goals and we are following through on the gender equality objectives we have set for ourselves. Gender equality is a collective issue that we, as a community need to work on together. We are driving towards seeing Myanmar become a country where both men and women can participate equally in all areas of society.”Yangon, Myanmar, 16 May 2019 – KBZ Bank, Myanmar’s largest privately-owned bank, is proud to announce that it has received the EDGE certification with support from Business Coalition for Gender Equality Association (BCGEA), a non-profit association committed to promoting gender equality in the workplace in Myanmar. KBZ Bank is one of 13 Myanmar companies to receive the Economic Dividends for Gender Equality (EDGE) certification, a world-leading certification system to evaluate corporate commitment to gender equality in the workplace.

Founded in October 2018, BCGEA is a coalition of six local companies that is committed to promoting gender equality in the workplace in Myanmar. As a founding member of BCGEA and in line with itscore value of ‘Banking with Metta’ or loving-kindness, KBZ Bank sees significant value in implementing initiatives that directly benefit women both on the balance sheet and across society. This is especially significant as the bank employs more than 18,000 people across Myanmar, with 53 percent of its workforce comprising women.Yangon, Myanmar, 16 May 2019 – KBZ Bank, Myanmar’s largest privately-owned bank, is proud to announce that it has received the EDGE certification with support from Business Coalition for Gender Equality Association (BCGEA), a non-profit association committed to promoting gender equality in the workplace in Myanmar. KBZ Bank is one of 13 Myanmar companies to receive the Economic Dividends for Gender Equality (EDGE) certification, a world-leading certification system to evaluate corporate commitment to gender equality in the workplace.

KBZ Bank’s status as an EDGE certified company serves as recognition for its diversity and inclusioninitiatives which include:

  • KBZ Early Childhood Day Care Center: In 2017, the bank opened an Early Childhood Day Care Centre at its Shwe Gone Dine Branch in Yangon. The Day Care Centre provides free childcare services for up to 15 children of KBZ Bank employees aged six months to three years. KBZ Bank is in the process of building another Day Care Centre at its Sinyaytwin Branch which will have a capacity of 25 children.
  • Mother’s Corner: KBZ Bank refurbished a room on the fifth floor of its headquarters on Pyay Road to provide female employees who return from maternity leave with facilities forcomfortable breastfeeding. The room, named ‘Mother’s Corner’, is equipped with a sofa,chairs, tables, a microwave, a fridge and accessories for breast pumping. All female KBZ Bank employees in Yangon with infants aged up to six months can use the facility.
  • Breast Feeding Time Off Policy: This policy entitles all working mothers to have the option of paid time-off for breastfeeding on a daily basis for up to two hours per working day, for six months after the child is born. It encourages all working mothers with new-born babies to continue focusing on their work without compromising on the welfare of their children.
  • Maternity & Paternity Leave Policy: KBZ Bank provides 14 weeks of paid maternity leave and 15 consecutive days of paternity leave to all KBZ Bank employees. The 14 weeks of maternity leave are divided between before and after the delivery to best accommodate the needs of employees.
(Left & Centre) KBZ Early Childhood Day Care Center, (Right) Facilities at Mother’s Corner

The programme encourages members to instil policies and processes to strengthen gender equality in areas such as equal pay for equivalent work, recruitment and promotion, leadership development training and mentoring, flexible working and company culture. BCGEA also assists its members with the necessary preparation and requirements to apply for the globally-recognised EDGE certification.

“While bigger companies are leading the way to promote gender equality in the workplace, we believethere is much room for improvement among Myanmar companies as a whole. Gender equality is not just about changing one policy or doing something to look good. It should be an ongoing commitment to build credibility and sustainability in the organisation. Through our work, BCGEA aims to address some of the barriers when it comes to gender equality – the misunderstanding of what it means, company policies which may have good intentions but lack inclusiveness and the lack of commitmentfrom top management”, shared Daw Kyawt Kay Thi Win, Country Director of BCGEA.

In the coming months, BCGEA will establish an HR Club to encourage discussion and knowledge- sharing among human resource professionals and will look to develop a HR Policy Review toolkit to provide guidelines on non-discriminatory policies or practices in the workplace. The organization will also host Career Clinic activities to advise first jobbers about best practices in the workplace. Inaddition, it will support the government’s ongoing women empowerment and workplace genderequality initiatives.

To contact BCGEA for consultation or to discuss future collaboration, please call +95 9 441441550 or email info@mbcgea.com.