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.
+9 vs industry average
Kasikornbank’s score of 44 is higher than 61% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Financial Intermediation is among the least carbon-intensive industries
Industry performance
The Financial Intermediation industry has increased its overall emissions by 11% since 2019
Emissions trajectory 2020 – 2027
Reported emissions
Scope 3 accounts for ••• of total emissions.
Kasikornbank's reported carbon emissions
Kasikornbank (TH) is committed to reducing its environmental impact and has set several climate targets. **Emissions Data:** For the most recent reporting year, 2024, Kasikornbank reported: * **Scope 1 emissions:** Approximately 15,062,220 kg CO2e. * **Scope 2 emissions (market-based):** Approximately 57,824,500 kg CO2e. * **Scope 2 emissions (location-based):** Approximately 66,687,730 kg CO2e. * **Scope 1 and 2 combined emissions:** Approximately 72,886,720 kg CO2e. Scope 3 emissions data for 2024 is not available, with purchased goods and services being a noted missing data point. Historical Scope 1 and 2 emissions data shows: * 2023: Approximately 76,642,530 kg CO2e (Scope 1 and 2 combined). * 2022: Approximately 72,373,560 kg CO2e (Scope 1 and 2 combined). * 2021: Approximately 80,813,880 kg CO2e (Scope 1 and 2 combined). * 2020: Approximately 87,832,540 kg CO2e (Scope 1 and 2 combined). * 2019: Approximately 103,996,950 kg CO2e (Scope 1 and 2 combined). * 2018: Approximately 107,775,310 kg CO2e (Scope 1 and 2 combined). * 2017: Approximately 104,805,850 kg CO2e (Scope 1 and 2 combined). * 2016: Approximately 112,929,950 kg CO2e (Scope 1 and 2 combined). * 2015: Approximately 121,223,000 kg CO2e (Scope 1 and 2 combined). * 2014: Approximately 112,152,060 kg CO2e (Scope 1 and 2 combined). * 2013: Approximately 106,106,130 kg CO2e (Scope 1 and 2 combined). * 2012: Approximately 113,509,320 kg CO2e (Scope 1 and 2 combined). **Climate Commitments and Reduction Targets:** Kasikornbank has set the following reduction targets: * **Net Zero Operations by 2030:** The bank is committed to achieving Net Zero in its own operations (Scope 1 and 2) by 2030. This target is aligned with Science-Based Targets initiative (SBTi) principles, aiming for at least a 90% absolute emission reduction, with the remainder managed through removal processes. * **21% Reduction by 2025:** A near-term target aims for a 21% reduction of greenhouse gas emissions from operations by 2025, using 2020 as the baseline year. As of their 2024 reporting, the bank stated that Scope 1 and 2 emissions had reduced by 21%. * **Past Target:** Previously, Kasikornbank had set a target to reduce GHG emissions by at least 20% from its operations by 2020, compared to a 2012 baseline. The data presented does not indicate that Kasikornbank's emissions data or targets are cascaded from a parent organisation.
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Kasikornbank’s Climate Goals (2030 & 2050)
4 goals2025
21% reduction in Scope 1
Scope 1 and 2 Greenhouse gas emissions from KBank’s operations reduced by 21%... 1) 21% reduction of greenhouse gas emissions in 2025 (Basel…
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
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Scope 3 top emissions categories
No scope 3 category breakdown has been disclosed yet.
Climate initiatives
Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact Climate Champions initiative
RE 100
Climate Action 100
Emissions comparison with industry peers
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Kasikornbank
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