In 2024, Bangchak completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources), Scope 2 (indirect emissions from purchased energy) and Scope 3 (indirect emissions across the value chain).
Bangchak has also provided a category-level breakdown for 6 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.
| Metric (tCO2e) | 2024 | 2023 | 2022 | 2021-2019 |
|---|---|---|---|---|
Total Scope 1 | 978,013.77a | 941,578.32b | 932,280.92a | |
Total Scope 2 | ||||
Market-Based | 22,356.44a | 18,663.41a | 13,545.11c | |
Location-Based | 22,356.44a | 18,663.41a | 13,545.11a | |
Total Scope 3 | 4,878,326.63a | 4,845,833.46b | 3,499,196.32a | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 58.3144a | 86.5551b | 103.4101a |
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In 2024, the total operational greenhouse gas (GHG) emissions of Bangchak amounted to 1,000,370.21 metric tons of CO2 equivalent. This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2).a
Compared to 2023, the total operational greenhouse gas (GHG) emissions of Bangchak increased by 4.18%, suggesting that the company faced challenges in reducing its emissions from its core operations.ab
In 2024, the total Scope 1 emissions of Bangchak were 978,013.77 metric tons of CO₂ equivalent (tCO₂e).a
Since 2019, Bangchak's Scope 1 emissions have increased by 8.87%, reflecting a rising long-term trend in Scope 1 emissions over time.ac
Compared to the previous year (2023), Bangchak's Scope 1 emissions increased by 3.87%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.ab
In 2024, Bangchak reported Scope 2 greenhouse gas (GHG) emissions of 22,356.44 tCO₂e using the market-based method and 22,356.44 tCO₂e using the location-based method.a
Compared to the previous year (2023), Bangchak's Scope 2 emissions (Location-Based) rose by 19.79% in 2024, suggesting that the company faced challenges in reducing emissions from purchased electricity and energya
In 2024, Bangchak reported its Scope 2 emissions using the market-based method and using the location-based method.a
In 2024, Bangchak reported 4,878,326.63 metric tons of CO₂ equivalent (tCO₂e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.a
The 2024 disclosure of Bangchak includes a breakdown across 6 of the 15 Scope 3 categories defined by the GHG Protocol, matching the level of disclosure in 2023, demonstrating consistent Scope 3 emissions reporting coverage year over year.a
In 2024, Bangchak reported total Scope 3 emissions of 4,878,326.63 metric tons of CO₂ equivalent (tCO₂e).a
Approximately 45.84% of these emissions originated from upstream activities such as purchased goods and capital goods, while 54.16% came from downstream activities like product use, distribution, and end-of-life treatment.a
Compared to the previous year (2023), Bangchak's Scope 3 emissions remained relatively stable, indicating that Bangchak's emissions have plateaued with no significant change in its value chain footprint.ab
In 2024, Bangchak reported emissions for 6 out of the 15 Scope 3 categories defined by the GHG Protocol.a
This partial disclosure allows for some insight into the company's indirect impacts.
In 2024, the largest contributors to Bangchak's Scope 3 emissions were:a
In 2024, Bangchak reported Scope 1 greenhouse gas (GHG) emissions of 978,013.77 tCO₂e and total revenues of USD 16,771 millions. This translates into an emissions intensity of 58.31 tCO₂e per millions USD.a
In 2024, Bangchak reported a Scope 1 emissions intensity of 58.31 tCO₂e per millions USD. Compared to the peer group median of 120.71, this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors.a
In 2024, Bangchak ranked 11 out of 25 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
Bangchak is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency.a
In 2024, Bangchak reported a total carbon footprint of 5,878,696.84 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 1.25% increase compared to 2023, suggesting a rise in emissions across its operations or value chain.ab
The largest contributor to Bangchak's total carbon footprint was Scope 3 emissions, accounting for 82.98% of the company's total carbon footprint, followed by Scope 1 emissions at 16.64%.a