Set

Set, headquartered in Thailand and operating in Financial intermediation services, except insurance and pension funding services, reported total gross carbon emissions of approximately 16,343,000 kg CO2e in 2024. This figure comprises 186,000 kg CO2e from Scope 1, 6,569,000 kg CO2e from Scope 2, and 9,588,000 kg CO2e from Scope 3 emissions. Notably, key contributors to Scope 3 emissions in 2024 included purchased goods and services (6,016,000 kg CO2e), capital goods (1,308,000 kg CO2e), and fuel and energy-related activities (1,346,000 kg CO2e).

Looking back, Set's total emissions were approximately 14,692,000 kg CO2e in 2023, with Scope 1 at 261,000 kg CO2e, Scope 2 at 6,784,000 kg CO2e, and Scope 3 at 7,647,000 kg CO2e. In 2022, total emissions stood at about 14,745,000 kg CO2e, including 189,000 kg CO2e from Scope 1, 6,536,000 kg CO2e from Scope 2, and 8,020,000 kg CO2e from Scope 3.

Set has established ambitious climate commitments. The organisation aims for a near-term absolute reduction of 42% in Scope 1 and 2 greenhouse gas emissions by 2030, using 2022 as a baseline year. Simultaneously, Set is committed to reducing absolute Scope 3 GHG emissions from purchased goods and services, capital goods, fuel- and energy-related activities, and upstream transportation and distribution by 42% within the same timeframe. These near-term targets align with the Science Based Targets initiative (SBTi) 1.5°C classification.

For the long term, Set is committed to reaching net-zero greenhouse gas emissions across its entire value chain by 2050. This includes an absolute reduction of 90% in Scope 1 and 2 GHG emissions by 2050 from a 2022 base year, and a 90% reduction in absolute Scope 3 GHG emissions within the same period. These long-term targets also fall under the SBTi 1.5°C classification.