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Krungthai Bank Public Company Limited, commonly referred to as Krungthai Bank or simply Krungthai, is a prominent financial institution headquartered in Thailand. Established on 14 March 1966, it operates extensively within the financial intermediation services sector, excluding insurance and pension funding services.
As one of Thailand's leading state-owned commercial banks, Krungthai delivers a comprehensive array of banking and financial solutions. These encompass robust retail banking, corporate banking, and investment services, alongside advanced digital banking platforms designed to enhance customer experience and accessibility.
The bank is distinguished by its commitment to innovation and its active support of Thailand's economic and social development. Krungthai consistently leverages cutting-edge technology to offer efficient and inclusive financial services across the nation, solidifying its pivotal market position.
88
DitchCarbon score
+51 vs industry average
Krungthai Bank’s score of 88 is higher than 92% 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
Very Low
Financial Intermediation is among the least carbon-intensive industries
Industry performance
0.096
20182025
The Financial Intermediation industry has reduced its overall emissions by 33% since 2018
Emissions trajectory 2020 – 2028
202020212022202320242025202620272028
Reported emissions
Scope 1
•••kg CO₂e
Scope 2
•••kg CO₂e
Scope 3
•••kg CO₂e
Total reported
•••kg CO₂e
Scope 3 accounts for ••• of total emissions.
Krungthai Bank's reported carbon emissions
Krungthai Bank, a financial intermediation services company headquartered in Thailand, has committed to several climate initiatives.
For 2025, Krungthai Bank reported total Scope 1 emissions of approximately 13.3 million kg CO2e, Scope 2 market-based emissions of about 24.8 million kg CO2e, and Scope 3 emissions of roughly 20.9 million kg CO2e.
Looking back, in 2024, the bank's Scope 1 emissions were approximately 17.1 million kg CO2e, Scope 2 market-based emissions were about 26.6 million kg CO2e, and Scope 3 emissions totalled roughly 20.5 million kg CO2e. In 2023, Scope 1 emissions were around 17.5 million kg CO2e, and Scope 2 location-based emissions were approximately 37.0 million kg CO2e. Scope 3 emissions in 2023 were about 22.5 million kg CO2e.
Krungthai Bank has set a near-term net-zero target for Scope 1 and 2 emissions by 2030, using a 2022 base year. The bank also aims to achieve net-zero across all scopes by 2065, aligning with Thailand's Long-Term Low-Emission Development Strategy (LT-LEDS). A short-term absolute reduction target was set to cut GHG emissions by 10% by 2022 compared to a 2020 baseline.
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Krungthai Bank’s Climate Goals (2030 & 2050)
2025
Near-zero scope 1 & 2
Target to achieve near-zero emissions for direct operations and purchased energy
On track94%
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
At risk48%
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
Behind target22%
Showing SBTi-validated targets only. Sign up or sign in to see all disclosed climate targets.
Scope 3 top emissions categories
5 of 15 categories disclosedSee all scope 3 categories
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Climate initiatives
Science Based Targets Initiative
See details
Active
Carbon Disclosure Project
2025 disclosureSee details
Not active
The Climate Pledge
See details
Not active
UN Global Compact Climate Champions initiative
See details
Not active
RE 100
See details
Not active
Climate Action 100
See details
Not active
Emissions comparison with industry peers
View similar organisationsCompanyCountryIndustryLast updatedScoreDetails
Krungthai Bank3 months ago
88
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