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 58 is higher than 75% 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 2024, the Government Savings Bank (GSB) reported total carbon emissions of approximately 30,721,430 kg CO2e, comprising 2,747,240 kg CO2e from Scope 1, 27,974,190 kg CO2e from Scope 2, and 566,640 kg CO2e from Scope 3 emissions. The Scope 1 and 2 emissions combined accounted for about 30,721,430 kg CO2e. In comparison, the 2023 emissions were approximately 33,458,500 kg CO2e, indicating a reduction in total emissions year-on-year. The bank's emissions data reflects a commitment to transparency and accountability in its climate impact. However, there are currently no specific reduction targets or initiatives outlined in their sustainability reports. The GSB has not cascaded any emissions data from a parent organisation, indicating that all reported figures are derived directly from its own operations. Overall, while the GSB has made strides in reducing its emissions, further commitments and targets would enhance its climate strategy and align with industry standards for sustainability.
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| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|
| Scope 1 | - | - | 000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 8,546,810.8 | 0,000,000.0 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | - | - | 000,000 | 000,000 | 000,000 | 000,000 |
How Carbon Intensive is Government Savings Bank's Industry?
How Carbon Intensive is Government Savings Bank's Location?
Government Savings Bank's Scope 3 Categories Breakdown
Government Savings Bank's Scope 3 emissions, which decreased by 2% last year and increased by approximately 177% since 2021, demonstrating supply chain emissions tracking. Their carbon footprint includes suppliers and value chain emissions, with Scope 3 emissions accounting for 2% of total emissions under the GHG Protocol, with "Purchased Goods and Services" being the largest emissions source at 48% 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.
