Krungthai-AXA Sustainability Profile
Krungthai-AXA, officially known as Krungthai-AXA Life Insurance Public Company Limited, is a prominent player in Thailand's insurance industry. Headquartered in Bangkok, the company operates extensively across the nation, providing a range of innovative insurance solutions. Founded in 1991, Krungthai-AXA has achieved significant milestones, including the introduction of digital insurance services that cater to the evolving needs of customers. Specialising in life insurance, health insurance, and savings products, Krungthai-AXA distinguishes itself through its customer-centric approach and commitment to financial security. The company has garnered a strong market position, recognised for its robust financial performance and comprehensive service offerings. With a focus on sustainability and community engagement, Krungthai-AXA continues to enhance its reputation as a trusted insurance provider in Thailand.
DitchCarbon Score
How does Krungthai-AXA'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 Insurance Services 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
Krungthai-AXA's score of 75 is higher than 85% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Krungthai-AXA, headquartered in Thailand, currently does not have specific carbon emissions data available for the most recent year. The company is a current subsidiary of Krungthai-AXA Life Insurance Public Company Limited and inherits its climate commitments and performance metrics from its parent organisation, Krung Thai Bank Public Company Limited. As part of its climate strategy, Krung Thai Bank has set various reduction initiatives, although specific targets or achievements for Krungthai-AXA are not detailed. The emissions data and reduction targets are cascaded from Krung Thai Bank, which is actively engaged in sustainability efforts, including participation in the Science Based Targets initiative (SBTi) and the Carbon Disclosure Project (CDP). While Krungthai-AXA has not disclosed its own emissions figures or specific reduction targets, it aligns with the broader commitments of its parent company to address climate change and reduce carbon footprints. The absence of direct emissions data highlights the need for ongoing transparency and accountability in corporate climate commitments.
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| 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|
| Scope 1 | - | - | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 120,894,910 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | - | - | 00,000,000 | 00,000,000 | 0,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
How Carbon Intensive is Krungthai-AXA's Industry?
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Krungthai-AXA's Scope 3 Categories Breakdown
Krungthai-AXA's Scope 3 emissions, which decreased by 9% last year and decreased by approximately 22% since 2019, demonstrating supply chain emissions tracking. A significant portion of their carbon footprint comes from suppliers and value chain emissions, with Scope 3 emissions accounting for 32% of total emissions under the GHG Protocol, with "Employee Commuting" being the largest emissions source at 84% of Scope 3 emissions.
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Krungthai-AXA'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.
Krungthai-AXA 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.
