Enable INCLUSIVE GROWTH
Inclusive Transition
KBank is committed to supporting the transition to a low-carbon economy through an integrated climate management strategy. This approach encompasses responsible business operations that emphasize efficient use of natural resources, reduction of environmental impacts, and preservation of biodiversity, to drive change and support an inclusive transition toward sustainable growth for all lives and businesses.
Accelerating Climate Action
KBank recognizes its duty and responsibility for preparing stakeholders to address climate-related risks, enabling them to plan preventive and risk-mitigation measures, as well as to turn potential crises or adverse impacts into opportunities for positive transformation across the value chain. To this end, the Bank has established the Transition Plan to Net Zero in line with its commitments and strategic objectives, as outlined below.
- We aim to support our customers in transitioning to a net-zero economy, in line with sustainability principles embedded in our business operations and customer services, covering both domestic and regional customers.
- We are committed to supporting national-level efforts to achieve GHG emission reduction targets in line with the Paris Agreement, a global treaty under which the international community is driving the transition to net-zero emissions by 2050.*
- We are committed to becoming Thailand’s leading sustainable bank, allocating at least Baht 400 - 500 billion in sustainable financing and investment by 2030 and pioneering green banking products and services.
- We are committed to becoming net zero in our own operations (Scope 1 and 2)** by 2030 and achieving net zero in our financed portfolio in line with Thailand’s aspirations, accelerating this journey where possible. The commitment is supported by continuous monitoring and assessment of business opportunities to ensure timely execution.
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The goal of net zero emissions by 2050 is the global effort that is in line with the Paris Agreement. As for KBank, our net zero goal has been established in accordance with Thailand’s target, and we will accelerate the achievement where possible.
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Scope 1:Direct emissions from the activities of an organization including stationary combustion,
fleet vehicles (organization-owned), wastewater treatment , as well as fugitive and process emissions.
Scope 2: Energy-indirect emissions including an organization’s purchased energy such as electricity.
Management Strategies in relation to Climate Change
Strategies to Manage Climate-related Risks and Opportunities
The impacts of climate change are expected to intensify in both frequency and severity. KBank recognizes this as an important risk and is proactively preparing to address it. To mitigate potential adverse impacts while identifying opportunities to enhance sustainable operations, the Bank has established strategies for managing climate-related risks and opportunities. These strategies cover both transition risks and opportunities, as well as physical risks. In parallel, the Bank has developed comprehensive and effective risk assessment approaches.
Environmental and Green Operation Management
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.
Your Comprehensive Climate Solution Provider
The business landscape is changing, and at KBank, we believe the transition to a low-carbon economy is one of the greatest opportunities for your growth.
Whether you are a small business looking to lower energy costs, a corporate partner navigating new environmental regulations, or an individual wanting to make a personal impact, we provide the tools to help you succeed. Our unified hub brings together flexible green financing, advisory and tools. We’re here to simplify your sustainability journey so you can focus on building a resilient, future-ready business while protecting the world we share.
