Government Savings Bank Sustainability Profile
Government Savings Bank (GSB), headquartered in Thailand, is a prominent financial institution established in 1913. With a strong presence across the nation, GSB primarily operates in the banking sector, focusing on savings accounts, loans, and financial services tailored for both individuals and businesses. Renowned for its commitment to promoting savings and financial literacy, GSB has achieved significant milestones, including the introduction of innovative digital banking solutions. Its core offerings, such as competitive interest rates on savings and accessible loan products, distinguish it in the market. As a key player in Thailand's banking industry, GSB has garnered a reputation for reliability and customer-centric services, making it a trusted choice for millions of customers seeking secure and efficient banking solutions.
DitchCarbon Score
How does Government Savings Bank'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
Government Savings Bank's score of 43 is higher than 62% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Government Savings Bank's reported carbon emissions
In 2023, the Government Savings Bank (GSB) reported total carbon emissions of approximately 54,483,780 kg CO2e, comprising 17,478,130 kg CO2e from Scope 1, 37,005,660 kg CO2e from Scope 2, and 28,254,180 kg CO2e from Scope 3 emissions. The Scope 1 emissions included significant contributions from mobile combustion (about 9,799,350 kg CO2e) and fugitive emissions (approximately 7,171,800 kg CO2e). Comparatively, in 2022, GSB's total emissions were about 56,220,550 kg CO2e, with Scope 1 emissions at 14,096,190 kg CO2e and Scope 2 emissions at 42,124,350 kg CO2e. This indicates a slight reduction in total emissions year-on-year. GSB has not set specific reduction targets or initiatives as part of the Science Based Targets initiative (SBTi) or other climate pledges. The bank's emissions data is self-reported and does not cascade from any parent organisation. Overall, GSB's commitment to monitoring and reporting its carbon emissions reflects an awareness of its environmental impact, although further commitments to reduction targets would enhance its climate strategy.
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| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Scope 1 | - | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 8,546,810.8 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | - | 00,000,000 | 0,000,000 | 00,000,000 | 00,000,000 |
How Carbon Intensive is Government Savings Bank's Industry?
How Carbon Intensive is Government Savings Bank's Location?
Government Savings Bank's Scope 3 Categories Breakdown
Government Savings Bank's Scope 3 emissions, which increased by 4% last year and increased by approximately 182% since 2020, demonstrating supply chain emissions tracking. A significant portion of their carbon footprint comes from suppliers and value chain emissions, with Scope 3 emissions accounting for 34% of total emissions under the GHG Protocol, with "Employee Commuting" being the largest emissions source at 69% of Scope 3 emissions.
Top Scope 3 Categories
Government Savings Bank'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.
Government Savings Bank 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.
