Environmental Management Goals
Environmental Management Goals
The company is committed to driving its business operations with environmental responsibility in addressing climate change issues. It has set targets to become a Carbon Neutrality by 2030 and to achieve Net Zero Emission by 2050. These goals align with regulations mandating each sector's participation in initiatives outlined in agreements from the 28th United Nations Climate Change Conference (COP28). To ensure continuous development, the company has established targets and action plans as follows:
| % GHG reduction & removal | Target Year | Metrics | Reduction | Removal | Mitigation plan | |
|
Scope 1+2 |
42% | 2030 | Intensity tonCO2e/MB | 42% | 0% |
|
100% |
2050 |
Intensity tonCO2e/MB |
90% |
10% |
||
|
Scope 3 |
25% |
2030 |
Intensity tonCO2e/MB |
25% |
0% |
|
100% |
2050 |
Intensity tonCO2e/MB |
90% |
10% |
** Scope 1 includes methane and fuel consumption, Scope 2 covers electricity use, and Scope 3 comprises water and paper consumption.
The Company has set a clear target to reduce carbon dioxide emissions through its operational intensity indicator (tCO₂e per million baht), with the goal of achieving carbon neutrality by 2030 and progressing toward net-zero greenhouse gas emissions by 2050.
Based on the monitoring of climate change performance, it has been found that greenhouse gas emissions have increased over the past two years compared to the baseline year (2022). This increase is mainly due to the expansion of branches, along with the growth in customer numbers and loan volumes, resulting in an inevitable rise in resource usage. However, the company’s greenhouse gas emissions have not reached or exceeded the forecasted levels, as the company has followed its environmental management plan. This has led to a continuing downward trend in overall greenhouse gas emissions. To meet its goals, the company is accelerating efforts to raise awareness among employees about the importance of environmental responsibility and encourage active participation, while leveraging technology as a key tool in reducing overall greenhouse gas emissions.
