Tmbthanachart Bank Sustainability Profile
TMBThanachart Bank, commonly referred to as TMB, is a prominent financial institution headquartered in Thailand. Established in 1957, the bank has evolved significantly, merging with Thanachart Bank in 2020 to enhance its market presence and service offerings. TMB operates primarily in the banking and financial services industry, focusing on retail banking, corporate banking, and wealth management. The bank is renowned for its innovative products, including personal loans, savings accounts, and investment services, which are tailored to meet the diverse needs of its customers. TMB's commitment to customer-centric solutions and digital banking has positioned it as a leader in the Thai financial sector. With a strong emphasis on sustainability and community engagement, TMBThanachart Bank continues to achieve notable milestones, reinforcing its reputation as a trusted banking partner in Thailand and beyond.
DitchCarbon Score
How does Tmbthanachart 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
Tmbthanachart Bank's score of 59 is higher than 76% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Tmbthanachart Bank's reported carbon emissions
In 2024, TMBThanachart Bank reported total carbon emissions of approximately 30,721,430 kg CO2e, comprising 2,747,240 kg CO2e from Scope 1, 27,974,190 kg CO2e from Scope 2, and 566,640 kg CO2e from Scope 3 emissions. The bank's Scope 1 and 2 emissions combined accounted for about 30,721,430 kg CO2e, reflecting a slight decrease from 33,458,500 kg CO2e in 2023. In 2023, the bank's emissions included 2,901,280 kg CO2e from Scope 1, 30,557,220 kg CO2e from Scope 2, and 577,130 kg CO2e from Scope 3. The Scope 1 emissions decreased from 3,069,880 kg CO2e in 2022, while Scope 2 emissions rose from 22,018,500 kg CO2e in the same year. TMBThanachart Bank has not set specific reduction targets or initiatives under the Science Based Targets initiative (SBTi) or other climate pledges, indicating a potential area for future commitment. The emissions data is not cascaded from any parent organization, ensuring that the figures are solely reflective of TMBThanachart Bank's operations. Overall, the bank's emissions profile highlights the need for ongoing monitoring and potential strategies to further reduce its carbon footprint in alignment with global climate goals.
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| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 332,000 | 000,000 | 000,000 | 000,000 | 000,000 | 000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 25,286,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | 85,000 | 000,000 | 000,000 | 000,000 | 000,000 | 000,000 | 000,000 | 000,000 | 000,000 |
How Carbon Intensive is Tmbthanachart Bank's Industry?
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Tmbthanachart Bank's Scope 3 Categories Breakdown
Tmbthanachart Bank's Scope 3 emissions, which decreased by 2% last year and increased by approximately 567% since 2016, demonstrating supply chain emissions tracking. Their carbon footprint includes suppliers and value chain emissions, with Scope 3 emissions accounting for 2% of total emissions under the GHG Protocol, with "Purchased Goods and Services" being the largest emissions source at 48% of Scope 3 emissions.
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Tmbthanachart 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.
Tmbthanachart 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.
