In 2024, Krung Thai Bank 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).
Krung Thai Bank has also provided a category-level breakdown for 5 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 | 25,701a | 27,019a | 14,096.19b | |
Total Scope 2 | ||||
Market-Based | 37,698a | N/A | 0a | |
Location-Based | 48,661a | 49,378a | 42,124.35b | |
Unspecified Calculation Method | N/A | N/A | N/A | |
Total Scope 3 | 34,707a | 38,443a | 21,233a | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 5.5753a | 6.2698a | 3.9182b |
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In 2024, the total operational greenhouse gas (GHG) emissions of Krung Thai Bank amounted to 74,362 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 Krung Thai Bank decreased by 2.66%, showing that the company has made progress in taking action to reduce the climate impact of its operations.a
In 2024, the total Scope 1 emissions of Krung Thai Bank were 25,701 metric tons of CO₂ equivalent (tCO₂e).a
Since 2019, Krung Thai Bank's Scope 1 emissions have increased by 77.89%, reflecting a rising long-term trend in Scope 1 emissions over time.ac
Compared to the previous year (2023), Krung Thai Bank's Scope 1 emissions decreased by 4.88%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.a
In 2024, Krung Thai Bank reported Scope 2 greenhouse gas (GHG) emissions of 37,698 tCO₂e using the market-based method and 48,661 tCO₂e using the location-based method.a
Compared to the previous year (2023), Krung Thai Bank's Scope 2 emissions (Location-Based) have remained relatively stable, indicating that Krung Thai Bank's emissions have plateaued with no significant change in its energy consumption footprint.a
In 2024, Krung Thai Bank reported its Scope 2 emissions using the market-based method and using the location-based method.a
In 2024, Krung Thai Bank reported 34,707 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 Krung Thai Bank includes a breakdown across 5 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, Krung Thai Bank reported total Scope 3 emissions of 34,707 metric tons of CO₂ equivalent (tCO₂e).a
Approximately 99.93% of these emissions originated from upstream activities such as purchased goods and capital goods, while 0.07% came from downstream activities like product use, distribution, and end-of-life treatment.a
Since 2019, Krung Thai Bank's Scope 3 emissions have increased by 32.36%, reflecting a rising long-term trend in Scope 3 emissions over time.ac
Compared to the previous year (2023), Krung Thai Bank's Scope 3 emissions remained relatively stable, indicating that Krung Thai Bank's emissions have plateaued with no significant change in its value chain footprint.a
In 2024, Krung Thai Bank reported emissions for 5 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 Krung Thai Bank's Scope 3 emissions were:a
In 2024, Krung Thai Bank reported Scope 1 greenhouse gas (GHG) emissions of 25,701 tCO₂e and total revenues of USD 4,610 millions. This translates into an emissions intensity of 5.58 tCO₂e per millions USD.a
In 2024, Krung Thai Bank reported a Scope 1 emissions intensity of 5.58 tCO₂e per millions USD. Compared to the peer group median of 1.22, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors.a
In 2024, Krung Thai Bank ranked 25 out of 25 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
This places Krung Thai Bank among the least efficient performers, with one of the highest emissions intensities in its sector.a
In 2024, Krung Thai Bank reported a total carbon footprint of 109,069 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 5.03% decrease compared to 2023, indicating progress in reducing its overall greenhouse gas output.a
The largest contributor to Krung Thai Bank's total carbon footprint was Scope 2 emissions, accounting for 44.61% of the company's total carbon footprint, followed by Scope 3 emissions at 31.82%.a