Kasikornbank
Kasikornbank Public Company Limited, commonly known as KBank, is a leading financial institution headquartered in Thailand. Established in 1945, KBank has grown to become a prominent player in the banking industry, with a strong presence across Southeast Asia. The bank offers a comprehensive range of services, including retail banking, corporate banking, and investment services, distinguished by its innovative digital solutions and customer-centric approach. KBank has achieved significant milestones, such as being one of the first banks in Thailand to embrace digital banking, enhancing customer experience through technology. With a robust market position, KBank is recognised for its commitment to sustainability and financial inclusion, making it a trusted choice for individuals and businesses alike. Its unique blend of traditional banking values and modern financial services sets KBank apart in a competitive landscape.
DitchCarbon Score
How does Kasikornbank's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Financial Intermediation industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Kasikornbank's score of 50 is higher than 97% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Kasikornbank's reported carbon emissions
In 2023, Kasikornbank reported total greenhouse gas emissions of approximately 76,642,530 kg CO2e, comprising 15,467,650 kg CO2e from Scope 1 and about 61,174,880 kg CO2e from Scope 2. This reflects a commitment to reducing emissions significantly, with a target of achieving Net Zero for its own operations by 2030. The bank aims for at least a 90% absolute reduction in Scope 1 and 2 emissions, aligning its goals with the Science-Based Targets Initiative (SBTi). In the near term, Kasikornbank has set a target to reduce its Scope 1 and 2 emissions by 21% by 2025, using 2020 as the baseline year. This commitment demonstrates the bank's proactive approach to climate action and its dedication to sustainability within the financial sector. Over the past few years, emissions have shown fluctuations, with 2022 emissions recorded at approximately 72,373,560 kg CO2e, down from about 87,832,540 kg CO2e in 2020. This trend indicates ongoing efforts to manage and reduce carbon footprints effectively. Kasikornbank's initiatives reflect a broader industry context where financial institutions are increasingly recognising the importance of sustainability and climate commitments in their operations.
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| 2012 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 18,249,980 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 95,259,340 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | - | - | - | - | - | - | - | - | - |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Kasikornbank is not participating in any of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
