Bangchak Sustainability Profile
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.
DitchCarbon Score
How does Bangchak'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 Petroleum Electricity 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
Bangchak's score of 38 is higher than 80% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Bangchak's reported carbon emissions
In 2024, Bangchak Corporation Public Company Limited reported total greenhouse gas emissions of approximately 26,138,307,660 kg CO2e. This figure includes 1,131,248,390 kg CO2e from Scope 1 emissions, 5,250,550 kg CO2e from Scope 2 emissions, and a significant 25,001,808,720 kg CO2e from Scope 3 emissions. The previous year, 2023, saw total emissions of about 969,500,150 kg CO2e, with Scope 1 emissions at 964,189,600 kg CO2e, Scope 2 at 5,310,550 kg CO2e, and Scope 3 at 4,431,753,230 kg CO2e. Bangchak has set ambitious reduction targets, aiming for a 30% decrease in greenhouse gas emissions from both Scope 1 and Scope 2 by 2030, using 2019 as the base year. This commitment reflects their Breakthrough Performance initiative, which is designed to enhance sustainability and reduce their carbon footprint. The company has disclosed emissions data across all relevant scopes, demonstrating transparency in their climate impact reporting. As part of their ongoing efforts, Bangchak is focused on improving operational efficiencies and investing in cleaner technologies to meet their climate commitments.
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| 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 1,084,090,000 | 0,000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 0,000,000,000 | 000,000,000 | 0,000,000,000 |
| Scope 2 | 2,648,000 | 0,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | - | - | - | - | - | - | - | 0,000,000,000 | 0,000,000,000 | 00,000,000,000 |
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Bangchak's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Bangchak has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
