Scbx Sustainability Profile
SCBX, also known as SCB X Public Company Limited, is a leading financial services provider headquartered in Thailand. Established in 1907, the company has evolved significantly, positioning itself at the forefront of the digital banking revolution in Southeast Asia. With a strong presence in Thailand and expanding operations across the region, SCBX focuses on innovative banking solutions, wealth management, and investment services. The company is renowned for its commitment to digital transformation, offering unique products such as SCB Easy, a user-friendly mobile banking application that enhances customer experience. SCBX has achieved notable milestones, including its successful transition to a digital-first approach, which has solidified its market position as a pioneer in the financial technology sector. With a vision to empower customers through technology, SCBX continues to redefine the banking landscape in Thailand and beyond.
DitchCarbon Score
How does Scbx'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
Scbx's score of 46 is higher than 65% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Let us know if this data was useful to you
Scbx's reported carbon emissions
In 2022, SCBX reported total carbon emissions of approximately 60,736,000 kg CO2e, comprising 17,585,000 kg CO2e from Scope 1 and 43,151,000 kg CO2e from Scope 2 emissions. Additionally, the company recorded 326,000 kg CO2e from Scope 3 emissions related to business travel. This data reflects a significant increase in emissions compared to 2021, where total emissions were about 50,469,000 kg CO2e, with Scope 1 and Scope 2 emissions at 8,039,000 kg CO2e and 42,430,000 kg CO2e, respectively. SCBX's emissions data is cascaded from its parent company, The Siam Commercial Bank Public Company Limited, which provides a comprehensive view of the organisation's carbon footprint. However, SCBX has not set specific reduction targets or initiatives under the Science Based Targets initiative (SBTi) or other climate pledges, indicating a need for further commitment in this area. The company has disclosed emissions data across all relevant scopes (1, 2, and 3) for the years 2019 through 2022, allowing for a clearer understanding of its environmental impact. The emissions from 2019 were notably high, at approximately 158,539,000 kg CO2e, with Scope 3 emissions alone accounting for about 129,691,000 kg CO2e, primarily from investments and business travel. Overall, while SCBX has made strides in transparency regarding its carbon emissions, the absence of defined reduction targets suggests an opportunity for enhanced climate action and commitment to sustainability.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
| 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 43,000 | 00,000 | - | - | 00,000,000 | 00,000,000 | 00,000,000 | 0,000,000 | 00,000,000 |
| Scope 2 | 27,362,000 | 00,000,000 | 00,000 | 00,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | - | - | 0,000,000 | 0,000,000 | 00,000,000 | 000,000,000 | - | - | 000,000 |
How Carbon Intensive is Scbx's Industry?
How Carbon Intensive is Scbx's Location?
Scbx's Scope 3 Categories Breakdown
Scbx's Scope 3 emissions, which decreased by 100% last year and decreased by approximately 88% since 2016, demonstrating supply chain emissions tracking. Their carbon footprint includes suppliers and value chain emissions, with Scope 3 emissions accounting for 1% of total emissions under the GHG Protocol, with "Business Travel" representing nearly all of their reported Scope 3 footprint.
Top Scope 3 Categories
Scbx'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.
Scbx 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.
