Set

SET's Carbon Emissions and Climate Commitments

The Stock Exchange of Thailand (SET), headquartered in Thailand and operating within the financial intermediation services sector, has established robust climate commitments alongside detailed emissions reporting.

Emissions Overview:

• 2024: SET reported a total of approximately 16.3 million kg CO2e. This comprised approximately 186,000 kg CO2e from Scope 1, approximately 6.6 million kg CO2e from Scope 2, and approximately 9.6 million kg CO2e from Scope 3 emissions. Key Scope 3 categories include purchased goods and services (approximately 6 million kg CO2e) and fuel and energy-related activities (approximately 1.3 million kg CO2e).
• 2023: Total emissions were approximately 14.7 million kg CO2e. Scope 1 emissions were approximately 261,000 kg CO2e, Scope 2 emissions were approximately 6.8 million kg CO2e, and Scope 3 emissions were approximately 7.6 million kg CO2e.
• 2022: SET's total emissions amounted to approximately 14.7 million kg CO2e, with Scope 1 at approximately 189,000 kg CO2e, Scope 2 at approximately 6.5 million kg CO2e, and Scope 3 at approximately 8 million kg CO2e.
• 2021: Total emissions were approximately 14.1 million kg CO2e. Scope 1 emissions were approximately 161,000 kg CO2e, and Scope 2 emissions were approximately 6 million kg CO2e, with Scope 3 emissions at approximately 7.9 million kg CO2e.
• 2020: The organisation reported approximately 6.1 million kg CO2e for Scope 1 and 2 emissions combined, with Scope 1 at approximately 178,000 kg CO2e and Scope 2 at approximately 5.9 million kg CO2e. Scope 3 data was not disclosed for this year.
• 2019: Scope 1 and 2 emissions totalled approximately 5 million kg CO2e, with Scope 1 at approximately 205,000 kg CO2e and Scope 2 at approximately 4.8 million kg CO2e. Scope 3 data was not disclosed.
• 2018: Scope 1 and 2 emissions were approximately 5.2 million kg CO2e, with Scope 1 at approximately 175,000 kg CO2e and Scope 2 at approximately 5 million kg CO2e. Scope 3 data was not disclosed.
• 2017: Scope 1 and 2 emissions totalled approximately 5.4 million kg CO2e. Comprehensive scope data was not available for this year.

Climate Commitments and Reduction Targets:

SET has committed to ambitious greenhouse gas reduction targets aligned with Science Based Targets initiative (SBTi) standards.

• Net-Zero: SET aims to achieve net-zero greenhouse gas emissions across its value chain by 2050, using 2022 as a base year.
• Near-Term Targets: By 2030, SET has set a target to reduce absolute Scope 1 and 2 GHG emissions by 42% from the 2022 baseline. Additionally, Scope 3 emissions from key categories, including purchased goods and services, capital goods, fuel and energy-related activities, and upstream transportation and distribution, are targeted for a 42% reduction within the same timeframe.
• Long-Term Targets: SET aims for a significant reduction of 90% in absolute Scope 1 and 2 GHG emissions by 2050, based on the 2022 baseline. A similar 90% reduction is targeted for absolute Scope 3 emissions by 2050.

Previously, SET had set a goal to reduce electricity consumption by 3% in 2018.

SET's commitment to SBTi standards demonstrates a proactive approach to climate change mitigation within the financial sector.