KB PRASAC Bank Plc Sustainability Profile
KB PRASAC Bank Plc, headquartered in Phnom Penh, Cambodia (KH), is a leading financial institution in the microfinance sector. Established in 1995, the bank has significantly contributed to the economic development of the region, focusing on providing accessible financial services to underserved communities. With a strong presence across various provinces, KB PRASAC Bank offers a diverse range of products, including microloans, savings accounts, and business financing solutions. Its commitment to customer-centric services and innovative financial solutions sets it apart in the competitive landscape. Recognised for its robust growth and stability, KB PRASAC Bank has achieved notable milestones, positioning itself as a trusted partner for individuals and businesses alike. The bank's dedication to financial inclusion and sustainable development continues to drive its success in the Cambodian banking industry.
DitchCarbon Score
How does KB PRASAC Bank Plc'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
KB PRASAC Bank Plc's score of 38 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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KB PRASAC Bank Plc, headquartered in Cambodia (KH), currently does not report specific carbon emissions data for the most recent year, as indicated by the absence of emissions figures. The bank is a current subsidiary of KB Financial Group Inc., which influences its climate commitments and initiatives. While there are no documented reduction targets or specific climate pledges from KB PRASAC Bank Plc, it is important to note that its sustainability efforts and climate strategies may be aligned with those of its parent company, KB Financial Group Inc. This includes potential initiatives related to the Science Based Targets initiative (SBTi) and other climate-related frameworks, although specific details are not provided. As a current subsidiary, KB PRASAC Bank Plc may inherit broader sustainability goals and performance metrics from KB Kookmin Bank, which is part of the same corporate family. However, without explicit emissions data or reduction targets, the bank's individual climate commitments remain unclear. In summary, while KB PRASAC Bank Plc is part of a larger corporate structure that may have climate initiatives, specific emissions data and reduction commitments are not available at this time.
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| 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|
| Scope 1 | 139,888,000 | 000,000,000 | 000,000,000 | 00,000,000 |
| Scope 2 | 21,778,141,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 3 | 26,761,188,000 | - | - | - |
How Carbon Intensive is KB PRASAC Bank Plc's Industry?
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KB PRASAC Bank Plc's Scope 3 Categories Breakdown
Most of their carbon footprint comes from suppliers and value chain emissions, with Scope 3 emissions accounting for 55% of total emissions under the GHG Protocol, with "Purchased Goods and Services" being the primary emissions source at 4% of Scope 3 emissions.
Top Scope 3 Categories
KB PRASAC Bank Plc'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.
KB PRASAC Bank Plc 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.
