Kiatnakin Phatra Bank Sustainability Profile
Kiatnakin Phatra Bank, often referred to as KKP, is a prominent financial institution headquartered in Thailand. Established in 1945, the bank has evolved significantly, positioning itself as a key player in the Thai banking sector, particularly in retail and corporate banking. With a strong presence in major operational regions across Thailand, KKP offers a diverse range of financial services, including personal loans, mortgages, and investment products. What sets Kiatnakin Phatra Bank apart is its commitment to customer-centric solutions and innovative financial products tailored to meet the needs of both individual and corporate clients. The bank has achieved notable milestones, including recognition for its robust risk management practices and sustainable growth strategies. As a trusted name in the industry, KKP continues to enhance its market position through strategic initiatives and a focus on digital transformation.
DitchCarbon Score
How does Kiatnakin Phatra 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
Kiatnakin Phatra Bank's score of 50 is higher than 68% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Kiatnakin Phatra Bank's reported carbon emissions
In 2024, Kiatnakin Phatra Bank reported significant carbon emissions, totalling approximately 87,965,740 kg CO2e for Scope 1, 253,432 kg CO2e for Scope 2, and about 48,592,607 kg CO2e for Scope 3 emissions. The Scope 3 emissions include substantial contributions from the use of sold products, which accounted for approximately 36,315,088,000 kg CO2e. In 2023, the bank's emissions were slightly lower, with Scope 1 emissions at about 7,521,574 kg CO2e, Scope 2 emissions at 245,548 kg CO2e, and Scope 3 emissions reaching approximately 48,855,843,000 kg CO2e. The trend shows a consistent level of emissions across the years, with Scope 3 emissions remaining the largest contributor. Kiatnakin Phatra Bank has not set specific reduction targets or initiatives as part of the Science Based Targets initiative (SBTi) or other climate pledges. The absence of documented reduction targets suggests a need for enhanced climate commitments in line with industry standards. The emissions data is not cascaded from any parent organisation, indicating that the figures are solely representative of Kiatnakin Phatra Bank's own operations. The bank's emissions profile highlights the importance of addressing both direct and indirect emissions to align with global climate goals.
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| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Scope 1 | 1,886,035.21 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
| Scope 2 | 4,225,324.21 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 3 | - | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 |
How Carbon Intensive is Kiatnakin Phatra Bank's Industry?
How Carbon Intensive is Kiatnakin Phatra Bank's Location?
Kiatnakin Phatra Bank's Scope 3 Categories Breakdown
Kiatnakin Phatra Bank's Scope 3 emissions, which decreased by 1% last year and decreased by approximately 17% since 2021, demonstrating supply chain emissions tracking. The vast majority of their carbon footprint comes from suppliers and value chain emissions, representing the vast majority of total emissions under the GHG Protocol, with "Use of Sold Products" being the largest emissions source at 75% of Scope 3 emissions.
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Kiatnakin Phatra 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.
Kiatnakin Phatra 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.
