Bangchak Corporation Public Company Limited, commonly known as Bangchak, is a leading player in the energy sector, headquartered in Thailand. Established in 1984, the company has made significant strides in the oil and energy industry, focusing on refining, distribution, and renewable energy solutions.
With major operations across Thailand and a commitment to sustainability, Bangchak stands out for its innovative approach to biofuels and solar energy. The company’s core products include refined petroleum products and renewable energy, which are distinguished by their emphasis on environmental responsibility and efficiency.
Recognised for its market leadership, Bangchak has received numerous accolades for its commitment to sustainable practices and corporate social responsibility, solidifying its position as a forward-thinking energy provider in the region.
+19 vs industry average
Bangchak’s score of 30 is higher than 64% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Petroleum Electricity is among the most carbon-intensive industries
Industry performance
The Petroleum Electricity industry has reduced its overall emissions by 38% since 2019
Emissions trajectory 2020 – 2027
Reported emissions
Scope 3 accounts for ••• of total emissions.
Bangchak's reported carbon emissions
In 2024, Bangchak reported total carbon emissions of approximately 26.1 billion kg CO2e, comprising 1.1 billion kg CO2e from Scope 1, 5.3 million kg CO2e from Scope 2, and about 25 billion kg CO2e from Scope 3 emissions. This marks a significant increase from 2023, where total emissions were approximately 969.5 million kg CO2e, with Scope 1 emissions at about 964.2 million kg CO2e, Scope 2 at 5.3 million kg CO2e, and Scope 3 at approximately 4.4 billion kg CO2e. Bangchak has set ambitious climate commitments, aiming for a 30% reduction in greenhouse gas emissions from 2019 levels by 2030 for both Scope 1 and Scope 2 emissions. Additionally, the company is targeting carbon neutrality by 2030 and net zero emissions by 2050, with plans to enhance production efficiency and reduce emissions by 20% by 2025 and 30% by 2030 across all scopes. The emissions data is not cascaded from any parent organization, and all figures are reported directly by Bangchak Corporation Public Company Limited.
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Bangchak’s Climate Goals (2030 & 2050)
3 goals2030
30% reduction in Scope 2
B: Breakthrough Performance target to reduce greenhouse gas emissions by 30% from the base year (2019).
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
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Scope 3 top emissions categories
No scope 3 category breakdown has been disclosed yet.
Climate initiatives
Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact Climate Champions initiative
RE 100
Climate Action 100
Emissions comparison with industry peers
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Bangchak
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