KBank is committed to achieving Net Zero in our own operations (Scope 1 and 2) by 2030, with the aim of mitigating the impacts of KBank’s operations on climate change by integrating environmental and energy management systems into its responsibility and performance assessment. Additionally, KBank has developed strategies and business management processes by taking into account the impact of eco-efficiency while also building knowledge and promoting an understanding and responsibility among all stakeholders towards the efficient use of resources throughout KBank’s processes and business activities.

KBank has announced its environmental and energy conservation policy. This policy outlines practices, based on the application of an environmental and energy management system in accordance with international standards. It sets goals and plans, aimed at reducing the consumption of resources in a systematic manner. This policy also specifies environmental credit policies and credit underwriting guidelines, supports lending in environmental projects, determines roles and responsibilities of executives and employees at all levels of employees so that they comply with the established measures. Under this policy, environmental management guidelines, targets and plans are reviewed every year to ensure that they are up to date and suitable for the organization’s business operations and prevailing situations, as well as supporting the creation of innovations for continuous development. Additionally, KBank has promoted the awareness and recognition of environmental

conservation among all stakeholders.

KBank utilizes the Cost-Efficient Green Operation Approach, which places emphasis on efficient management in dimensions that have significant effects on the environment and are under KBank’s control as a priority to map out plans to reduce related impacts in a rapid manner through effective cost management. This approach has been expanded to continuously create positive impacts from the downstream of business operations, achieved by raising the awareness based on the principles of “minimization of waste, efficient consumption and restoration of nature” and 4Re to 4T concept as part of the Bank’s eco-efficient operational management in line with international management standards. This approach encompasses lighting system management, air conditioning system management, water use management throughout the organization, including waste management and employees’ business travel. The 4Re concept will help enhance technical management while the 4T concept will raise the awareness among employees and customers, regarding the efficient consumption of energy and resources via various communication channels and study courses. 

KBank has reinforced confidence and promoting operational involvement in environmental management across all scopes (1, 2, 3). To enhance the efficiency and effectiveness of environmental management, KBank has developed and expanded the Environmental Management System (EMS) to better address GHG emissions within Scope 3.

The environmental data management process and technology, as well as various measurements used by KBank have allowed for quicker identification of issues, efficient planning and monitoring of GHG reduction activities, as well as the review of the measurement report verification (MRV) for GHG emissions. As a result, KBank can report its environmental operations in alignment with international standards.

KBank is the first bank in Thailand to receive the ISO 14001:2015 and ISO 45001 Environmental Management System (EMS) certifications, covering operations within KBank’s Head Office building, the entire personnel at the workplace, including contracted external companies and individuals utilizing areas within KBank’s responsibility.

Read more in KBank's Sustainability Report 2024 Chapter Environmental Management

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