Bank of Ayudhya Public Company Limited Sustainability Profile
Bank of Ayudhya Public Company Limited, commonly known as Krungsri, is a leading financial institution headquartered in Thailand. Established in 1945, the bank has grown to become a significant player in the Thai banking sector, with a strong presence in various regions across the country. Krungsri operates primarily in the banking and financial services industry, offering a comprehensive range of products and services, including personal and corporate banking, loans, and investment solutions. The bank is renowned for its innovative digital banking services, which enhance customer convenience and accessibility. With a commitment to customer satisfaction and sustainable growth, Bank of Ayudhya has achieved notable milestones, including strategic partnerships and expansions that solidify its market position. As a member of the Mitsubishi UFJ Financial Group, Krungsri continues to leverage its global expertise to deliver exceptional financial solutions tailored to the needs of its clients.
DitchCarbon Score
How does Bank of Ayudhya Public Company Limited'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
Bank of Ayudhya Public Company Limited's score of 46 is higher than 65% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Bank of Ayudhya Public Company Limited's reported carbon emissions
In 2024, Bank of Ayudhya Public Company Limited reported total carbon emissions of approximately 90,070,000 kg CO2e across all scopes. This includes 9,007,000 kg CO2e from Scope 1, 37,748,000 kg CO2e from Scope 2 (market-based), and a significant 80,174,230 kg CO2e from Scope 3 emissions. The total emissions from Scope 1 and 2 combined were about 46,755,000 kg CO2e. In 2023, the bank's emissions were slightly lower, with total emissions of about 86,010,000 kg CO2e, comprising 8,601,000 kg CO2e from Scope 1, 43,032,000 kg CO2e from Scope 2, and 30,120,000 kg CO2e from Scope 3. The combined Scope 1 and 2 emissions for that year were approximately 51,633,000 kg CO2e. Bank of Ayudhya has set ambitious climate commitments under its 'Krungsri Carbon Neutrality Vision'. The bank aims to decarbonise its own operations by 2030 (Scope 1 and 2) and extend this commitment to its financial services by 2050 (Scope 3). These targets reflect a long-term strategy to achieve net-zero emissions, demonstrating the bank's proactive approach to climate action. The emissions data is cascaded from the Bank of Ayudhya Public Company Limited, which is a current subsidiary, ensuring that the reported figures are reflective of the bank's operational impact.
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| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Scope 1 | 10,032,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 53,496,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | 10,832,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
How Carbon Intensive is Bank of Ayudhya Public Company Limited's Industry?
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Bank of Ayudhya Public Company Limited's Scope 3 Categories Breakdown
Bank of Ayudhya Public Company Limited's Scope 3 emissions, which increased by 166% last year and increased by approximately 640% since 2020, demonstrating supply chain emissions tracking. Most of their carbon footprint comes from suppliers and value chain emissions, with Scope 3 emissions accounting for 63% of total emissions under the GHG Protocol, with "Purchased Goods and Services" being the largest emissions source at 68% of Scope 3 emissions.
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Bank of Ayudhya Public Company Limited'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.
Bank of Ayudhya Public Company Limited has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
