Bangchak

Bangchak, headquartered in Thailand and operating in the Electricity by petroleum and other oil derivatives sector, reported total carbon emissions of approximately 26.14 billion kg CO2e in 2024. This included about 976 million kg CO2e from Scope 1 emissions, approximately 5.25 million kg CO2e from Scope 2 emissions, and around 25.00 billion kg CO2e from Scope 3 emissions.

For 2023, the company's total emissions were approximately 969.50 million kg CO2e, with Scope 1 emissions at roughly 941 million kg CO2e, Scope 2 emissions at about 5.31 million kg CO2e, and Scope 3 emissions at approximately 4.43 billion kg CO2e. In 2022, total emissions stood at around 1.07 billion kg CO2e, comprising approximately 1.06 billion kg CO2e from Scope 1 and about 5.89 million kg CO2e from Scope 2. Scope 3 emissions for 2022 were approximately 3.12 billion kg CO2e.

Bangchak has set ambitious climate commitments, aiming for carbon neutrality by 2030 and net-zero emissions by 2050 across all scopes. As part of this, the company targets a 20% reduction in emissions from improved production efficiency and product utilisation by 2025, increasing to 30% by 2030, with 2023 as the base year for this specific target. Furthermore, Bangchak has a near-term target to reduce Scope 1 and Scope 2 greenhouse gas emissions by 30% from a 2019 baseline by 2030.