Krungthai Bank Sustainability Profile
Krungthai Bank Public Company Limited, commonly known as Krungthai Bank, is a leading financial institution headquartered in Bangkok, Thailand. Established in 1966, the bank has grown to become a pivotal player in the Thai banking sector, offering a wide range of services across retail, corporate, and investment banking. With a strong presence throughout Thailand, Krungthai Bank is renowned for its innovative financial products, including personal loans, savings accounts, and digital banking solutions. The bank's commitment to customer service and technological advancement has positioned it as a trusted partner for millions of customers. Notable achievements include its extensive network of branches and ATMs, making banking accessible to a diverse clientele. Krungthai Bank continues to play a significant role in driving Thailand's economic growth while maintaining a focus on sustainable practices.
DitchCarbon Score
How does Krungthai 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
Krungthai Bank's score of 77 is higher than 87% 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 Bank's reported carbon emissions
In 2024, Krungthai Bank reported total greenhouse gas emissions of approximately 43,642,000 kg CO2e, comprising 17,091,000 kg CO2e from Scope 1, 26,551,000 kg CO2e from Scope 2, and 20,506,000 kg CO2e from Scope 3 emissions. The bank's emissions from mobile combustion accounted for about 9,556,000 kg CO2e, while fugitive emissions contributed approximately 6,801,000 kg CO2e. For 2023, the bank's emissions were slightly higher, totalling around 54,483,000 kg CO2e, with Scope 1 emissions at 17,478,000 kg CO2e, Scope 2 emissions at 37,005,000 kg CO2e, and Scope 3 emissions at 22,453,000 kg CO2e. The previous year, 2022, saw total emissions of about 56,220,000 kg CO2e, indicating a slight decrease in emissions over the years. Krungthai Bank has set ambitious climate commitments, aiming for net-zero emissions by 2030 for both Scope 1 and Scope 2, using 2022 as the baseline year. Additionally, the bank is committed to achieving net-zero emissions across all scopes by 2065, aligning with Thailand's Long-Term Low-Emission Development Strategy. The bank previously targeted a 10% reduction in GHG emissions by 2022 compared to 2020 levels, demonstrating its proactive approach to sustainability. These commitments reflect Krungthai Bank's alignment with the Paris Agreement and its dedication to reducing its environmental impact through various initiatives, including energy consumption reduction and waste management.
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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 |
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Krungthai Bank's Scope 3 Categories Breakdown
Krungthai Bank'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 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.
Krungthai 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.
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