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 29 is lower than 53% 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 2022, the Government Savings Bank (GSB) reported total carbon emissions of approximately 2,677,998,000 kg CO2e. This figure includes Scope 1 emissions of about 19,241,000 kg CO2e, Scope 2 emissions of around 32,585,000 kg CO2e, and a significant contribution from Scope 3 emissions, which totalled approximately 2,626,172,000 kg CO2e. Comparatively, in 2021, GSB's total emissions were about 1,633,057,000 kg CO2e, with Scope 1 emissions at approximately 18,902,000 kg CO2e, Scope 2 emissions at around 32,083,000 kg CO2e, and Scope 3 emissions reaching about 1,582,072,000 kg CO2e. This indicates a substantial increase in emissions from 2021 to 2022. GSB has not set specific reduction targets or climate pledges, nor does it appear to have cascaded any emissions data from a parent organisation. The bank's commitment to addressing climate change is evident, but further details on specific initiatives or targets are not available. Overall, GSB's emissions profile highlights the importance of ongoing efforts to manage and reduce carbon footprints, particularly in the context of Scope 3 emissions, which represent the majority of their total emissions.
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| 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|
| Scope 1 | - | - | 00,000,000 | 00,000,000 |
| Scope 2 | 8,546,810.8 | 0,000,000.0 | 00,000,000 | 00,000,000 |
| Scope 3 | - | - | 0,000,000,000 | 0,000,000,000 |
How Carbon Intensive is Government Savings Bank's Industry?
How Carbon Intensive is Government Savings Bank's Location?
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.
