Kasikornbank Sustainability Profile
Kasikornbank Public Company Limited, commonly known as KBank, is a leading financial institution headquartered in Thailand. Established in 1945, KBank has grown to become a prominent player in the banking industry, with a strong presence across Southeast Asia. The bank offers a comprehensive range of services, including retail banking, corporate banking, and investment services, distinguished by its innovative digital solutions and customer-centric approach. KBank has achieved significant milestones, such as being one of the first banks in Thailand to embrace digital banking, enhancing customer experience through technology. With a robust market position, KBank is recognised for its commitment to sustainability and financial inclusion, making it a trusted choice for individuals and businesses alike. Its unique blend of traditional banking values and modern financial services sets KBank apart in a competitive landscape.
DitchCarbon Score
How does Kasikornbank'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
Kasikornbank's score of 50 is higher than 69% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Kasikornbank's reported carbon emissions
In 2024, Kasikornbank reported total greenhouse gas emissions of approximately 15,062,220 kg CO2e for Scope 1 and about 57,824,500 kg CO2e for Scope 2, resulting in combined emissions of around 72,886,720 kg CO2e. This marks a slight decrease from 2023, where emissions were approximately 15,467,650 kg CO2e for Scope 1 and about 61,174,880 kg CO2e for Scope 2, totalling around 76,642,530 kg CO2e. Kasikornbank has set ambitious climate commitments, aiming for a net-zero target in its operations by 2030. This commitment includes a significant reduction target of at least 90% for Scope 1 and 2 emissions, with the remaining emissions to be managed through removal processes. Additionally, the bank has achieved a 21% reduction in Scope 1 and 2 emissions by 2025, using 2020 as the baseline year. The bank's emissions data is not cascaded from any parent organization, indicating that these figures are independently reported. Kasikornbank's initiatives align with the Science-Based Targets Initiative (SBTi), demonstrating its commitment to sustainable practices and climate action.
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| 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 18,249,980 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 95,259,340 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | - | - | - | - | - | - | - | - | - | - | - | - | - |
How Carbon Intensive is Kasikornbank's Industry?
How Carbon Intensive is Kasikornbank's Location?
Kasikornbank'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.
Kasikornbank 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.
