Environmental and Carbon Footprint
Commitment
To build employee awareness of resource and energy conservation and to implement effective environmental and resource management system to reduce our environmental and carbon footprint, moving toward a green organization.
Materiality
We have continuously elevated our environmental sustainability efforts through undertaking various projects pertaining to environment issues and climate change, promoting employee engagement, and raising awareness among all employees of the Bank. This is because environmental issues and climate change are having extensive impacts on both the public and business sectors. We also share knowledge about how the Bank and its employees can take action to help alleviate the problems arising from such issues. We believe that the mitigation of environmental impacts and carbon footprints is the responsibility of everyone in society. We have therefore supported various projects and formulated an environmental and energy conservation policy in accordance with related laws as guidelines for all employees to follow. The policy covers energy and resource conservation, reduction of the carbon footprint from the Bank’s direct activities, end-to-end waste management, awareness building and employee participation.
We expect that our environmental sustainability efforts will help support environmental management of other sectors, thereby contributing towards the environment and climate goals of the nation. The Thai economy returned to a normal growth phase with increasing business activities which regrettably resulted in increased greenhouse gas emissions. Despite challenges the Bank has faced, we continue to strive to achieve the targets of reducing greenhouse gas emissions for Scope 1 and Scope 2 with reference to science-based target setting which adopts the absolute contraction approach to control the increase of average global temperatures to be less than 2°C above preindustrial levels. Environmental and We are determined to help drive Thailand toward Carbon Neutrality and Net Zero emission of greenhouse gases.
Environmental Management and Energy Conservation
The Bank ensures systematic environmental and energy management to prevent and mitigate environmental impacts from our operations. On top of our environmental and energy conservation policy, we have adopted international standard ISO 14001:2015 for our environmental management and energy conservation practices. The standard covers planning, setting targets and operating plans, assessing environmental risks and impacts, monitoring performance, determining corrective measures, and developing data management tools for energy consumption, resource utilization, and organization-wide greenhouse gas emissions. At the same time, we also raise awareness among employees at all levels about environmental management, energy conservation, reduction of energy consumption, and reduction of the organization’s carbon footprint and promote their participation in various environmental and energy conservation efforts and activities of the Bank.
Environment and Energy Conservation Team is responsible for ensuring effective environmental management and energy consumption of buildings, reviewing the environment and energy conservation policy, setting targets and issuing environment and energy conservation measures, launching and driving initiatives or related activities to achieve the established targets. The team also oversees, audits and evaluates performance as well as organizing different knowledge-sharing activities.
Energy Management Team ensures that environmental and energy conservation initiatives are being efficiently and effectively carried out in accordance with related policies of the Bank, and ensures that implementation of energy management initiatives achieves tangible outcomes. The Bank has appointed Energy Management Teams for six designated buildings, namely the Silom head office building, Trinity Complex building, Rama III building, Rama IX branch building, Si Racha branch building and Hua Lamphong branch building.
Greenhouse Gas Emissions and Absorption Analysis Reporting Team is responsible for collecting and reporting information on greenhouse gas emissions and removal from the Bank’s operations.
The Bualuang Save the Earth: 3R+ Project Working Group is responsible for overseeing the implementation of the integrated waste management project to achieve the goals, setting operational plans, coordinating within the Bank to drive the implementation according to the plan, as well as monitoring the project results.
Environment and Energy Conservation Team is responsible for ensuring effective environmental management and energy consumption of buildings, reviewing the environment and energy conservation policy, setting targets and issuing environment and energy conservation measures, launching and driving initiatives or related activities to achieve the established targets. The team also oversees, audits and evaluates performance as well as organizing different knowledge-sharing activities.
Energy Management Team ensures that environmental and energy conservation initiatives are being efficiently and effectively carried out in accordance with related policies of the Bank, and ensures that implementation of energy management initiatives achieves tangible outcomes. The Bank has appointed Energy Management Teams for six designated buildings, namely the Silom head office building, Trinity Complex building, Rama III building, Rama IX branch building, Si Racha branch building and Hua Lamphong branch building.
Greenhouse Gas Emissions and Absorption Analysis Reporting Team is responsible for collecting and reporting information on greenhouse gas emissions and removal from the Bank’s operations.
The Bualuang Save the Earth: 3R+ Project Working Group is responsible for overseeing the implementation of the integrated waste management project to achieve the goals, setting operational plans, coordinating within the Bank to drive the implementation according to the plan, as well as monitoring the project results.
Performance Highlights
The Bank is committed to carrying out our environment and energy conservation activities under our flagship Bualuang Save the Earth program that consists of several campaigns and activities with shared objectives to help reduce energy and resource utilization, minimize and sort waste systematically, reduce our carbon footprint and raise awareness of and provide education on environmental and energy conservation. At the same time, we promote participation of employees in different projects and initiatives to build their environmentally-responsible mindset and apply the knowledge gained both at work and at home.
- Adjustment of Equipment to Enhance Energy Efficiency and Reduce Resource Utilization
- Replacing Air-Conditioners
We regularly replace air-conditioners that were used for a long time with new, more energy-efficient air-conditioners using refrigerants which are not harmful to the ozone layer. In 2024, we replaced 105 air-conditioners in the Silom head office building and another 80 air-conditioners in business centers and branches. - Improving Lighting Systems
The Bank continuously replaces fluorescent bulbs with LED bulbs in various buildings in both offices and branches across the country and a total of 6,849 bulbs were replaced during 2024. This initiative is expected to reduce electricity consumption by about 410,416 kilowatts-hour per year and reduce GHG emissions by about 205.17 tonnes of carbon dioxide equivalent per year - Improving Toilets at the Five Head Office Buildings
The Bank has refurbished toilets in the five head office buildings, namely the Silom head office building, Rama 3 building, Trinity Complex building, Saengthong Thani Tower and Headquarters 3 to promote efficiency for water and electricity consumption by gradually installing energy saving and water-saving sanitaryware as well as equipment with intelligent sensors that turn on water and electricity only when in use. It is expected that the new equipment will help save more than 50 percent of water consumption compared with the previous system. - Replacing Escalators at the Silom Head Office Building
The Bank has replaced the escalators in the Silom head office building, from the original system that runs all the time to an automatic system that stops working when there is no user. In addition, a full-time VVVF control motor was selected with an inverter control system that saves energy which adjusts the speed according to the number of passengers using a speed-adjustable control switch. It is expected to reduce energy use by 43 percent compared to the original escalators. - Improving Air Conditioning Control Equipment in the Head Office Buildings
The Bank has changed the insulation of the chilled water pipes at Trinity Complex building, which will help maintain the desired temperature, reduce the difference between the temperature inside the pipe and the outside air conditions that causes the air conditioner to work harder, prevent the risk of pipe deterioration, extend the life of the air conditioning system, and most importantly, increase energy efficiency.
- Replacing Air-Conditioners
- Reduction of Energy, Resource Consumption and Carbon Footprint
- Bualuang Save the Earth: 3R+
To encourage the reuse of used materials and minimize the amount of general waste that goes to landfill to help reduce greenhouse gas emissions, we launched the Bualuang Save the Earth: 3R+ (Reduce Reuse Recycle Plus) project. The project’s objective is to promote employee participation at all levels in end to-end waste management from reducing waste volume and sorting waste in daily life to reusing and recycling waste. The pilot phase includes the five head office buildings which are the Silom head office building, Rama 3 building, Trinity Complex building, Saengthong Thani Tower and Headquarters 3. We also constantly educate and encourage employees on proper waste reduction and waste sorting where the waste will be sorted and separated by type before being sent to different relevant agencies for proper handling. In addition, to create tangible changes as per our expressed intention to support the implementation of the Bangkok goals on BCG (bio-circular-green) economy. The Bualuang Save the Earth: 3R+ project has set a zero landfill target at the Rama 3 building by 2025. - Paperless Campaign We have elevated and digitalized work processes for employees of all lines of business under the concept Digital Way of Work by adopting digital systems to enable everyone to send data or documents through electronic means instead of using A4 paper; adjusting the default setting on all printers to double-sided printing as well as encouraging employees to realize the value of paper; and campaigning to reduce paper use and separate and collect used paper to be sent for recycling.
- Shuttle Van Service for Employees We help employees to reduce their transportation expenses by arranging a shuttle van service for employees who need to travel between the Silom head office building, Rama 3 building, Trinity Complex building, Saengthong Thani Tower, Rama 9 building and Bang Na Sports Club, thereby helping reduce GHG emissions from individual transportation.
- Bualuang Save the Earth: 3R+
- Building Awareness on Energy and Environmental Conservation for Employees
- Bualuang Saves Energy Project 2024
We organized Bualuang Saves Energy Project 2024 at the Rama 3 building. The event included activities to raise awareness of energy conservation and publicize the Bank’s environmental projects. Participants also played environmental quizzes to win prizes and attended a lecture on Energy Challenge: Strategies for Energy Conservation for Success and Energy Consumption for Sustainability and Mitigation of Environmental Problems. More than 300 employees attended the event. - Energy Management in Buildings Course and Energy Conservation in Buildings and Offices Course
- Waste Sorting Course
- Environment and Energy Conservation Seminars.
- Carbon Offsetting of the Silom Head Office Building
To build awareness and promote understanding of energy conservation among employees, we developed the Energy Management in Buildings and the Energy Conservation in Buildings and Offices online courses that cover important topics such as laws and regulations for energy conservation promotion, clean energy, management of controlled buildings, ways to save energy at work, electricity bill details, the Bank’s energy conservation efforts and preliminary assessment of energy management
To alleviate the problem from waste which severely affects the environment and the quality of life of many people, we build awareness focusing on the importance of proper end-to-end waste management for our employees by offering a training course on waste separation at the Bank through our BBLearn online channel so that all employees can follow at work and at home. At the end of 2024, a total of 361 employees attended the course.
The Bank promotes environmental awareness and understanding among all directors and employees through both online and offline seminars by inviting experts to share knowledge on various topics, such as waste separation and management, Sustainable Living: Ready for a Zero-Waste Lifestyle?, How to Live Without Waste, and Energy Efficiency: the First Step Towards the Net Zero Goal. In 2024, more than 6,000 participants joined these seminars.
The Bank seeks to become a low-carbon organization by continuously participating in carbon offsetting activities held by the Thailand Greenhouse Gas Management Organization (Public Organization). In 2024, the Bank was certified for carbon neutrality from the purchase of carbon credits of the 133.6 MW BioThermal Generation at Mitr Phol Bio-Power, Phu Khiao (Block 2) project, totaling 11,582 tonnes of carbon dioxide equivalent.
Environmental and Resource Utilization Information
The Bank continues to systematically collect and record environmental and resource utilization data as well as carbon footprint data. We also conduct data verifications for key environmental and resource performance and consumption data as well as Scope 1 and Scope 2 GHG emissions as disclosed in this Sustainability Report. The data is verified by an external party registered with the Thailand Greenhouse Gas Management Organization (Public Organization) on an annual basis to ensure that the information disclosed by the Bank to the public is accurate and reliable in accordance with accepted standards.
Environmental Performance
Environmental Performance
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