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
Given the intensified environmental and climate change problems over the years that negatively impact people both in their daily lives and business operations, we have continuously elevated our environmental sustainability efforts not only within the Bank but also through the support offered to other partner agencies to carry out initiatives that create positive impacts on the environment and surrounding communities. We believe that the mitigation of environmental impacts and carbon footprints is the responsibility of everyone and every organization. We have therefore formulated an environmental management 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 promotion of participation for all employees. We expect that our environmental sustainability efforts will help support the government’s environmental objectives as well as those of other private entities, thereby contributing towards the shared goals of the nation.
As the Covid-19 pandemic effectively ended in 2023, business activities returned to a normal state, which regrettably in turn resulted in increased greenhouse gas emissions from those activities. 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 2C above preindustrial levels. We are determined to help drive Thailand toward carbon neutrality by 2050 and the net zero emission of greenhouse gases by 2065.
Environmental Management and Energy Conservation
With our commitment to systematic environmental management and energy conservation to prevent and mitigate environmental impacts from our operations, we have adopted ISO 14001:2015 international standards for our environmental management and energy conservation practices on top of our environmental management and energy conservation policy. The standards cover planning, setting targets and operating plans, assessing associated environmental risks and impacts, monitoring performance, determining corrective measures, and developing data management tools for energy consumption and resource utilization as well as organization-wide greenhouse gas emissions. At the same time, we also raise awareness among employees about environmental management, energy conservation and reduction of the organization’s carbon footprint and promote their participation in various environmental and energy conservation efforts and activities of the Bank.
Related units collaborate together to form working teams to further our environmental management and energy conservation efforts, as follows:
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 for the purpose of carbon offsetting.
Related units collaborate together to form working teams to further our environmental management and energy conservation efforts, as follows:
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 for the purpose of carbon offsetting.
Performance Highlights
The Bank is committed to carrying out our environment and energy conservation activities under Bualuang Save the Earth which is a program that consists of diverse campaigns and activities with the key objectives to help reduce energy consumption, support resource conservation and waste management, reduce our carbon footprint and provide education on related topics. At the same time, we promote participation of employees in different projects and initiatives of the Bank as well as support and work with various agencies to build awareness and organize activities to preserve the environment and energy for communities and the general public.
- Adjustment of Equipment to Enhance Energy Efficiency and Reduce Resource Utilization
- Replacing Air-Conditioners
We regularly replace air-conditioners that were used for more than 20 years in various buildings with new, more energy efficient air-conditioners that use refrigerants which are not harmful to the ozone layer. In 2023, we replaced 34 air-conditioners in the head office buildings and another 53 air-conditioners in business centers and branches. - Improving Lighting Systems
The Bank replaced over 3,674 fluorescent bulbs with LED bulbs in various buildings across the country in 2023. This initiative is expected to reduce electricity consumption by about 76,809 kilowatts per year and reduce GHG emissions by about 38.40 tons of carbon dioxide equivalent per year. - Improving Toilets at the Head Office Buildings
The Bank has refurbished toilets in the five head office buildings to promote efficiency for water and electricity consumption by gradually installing equipment with intelligent sensors that reduce the use of water and electricity as well as installing water-saving sanitaryware. It is expected that the new equipment will help save more than 50 percent of resource utilization compared with the previous system. - Improving Air Conditioning Control Equipment in the Silom Head Office Building
To improve the efficiency of the air conditioning system, the Bank installed motorized valve devices in the air conditioning system (chillers) of the Silom head office building to control the chillers’ operation and automate the opening and closing of the chillers. This initiative is expected to help reduce energy consumption by more than 6 percent, or 841,702 kilowatts per hour.
- Replacing Air-Conditioners
- Reduction of Energy and Resource Consumption
- Bualuang Save the Earth: 3R+
The Bank initiated the Bualuang Save the Earth: 3R+ (Reduce Reuse Recycle Plus) project to promote the reuse of used materials and minimize the amount of general waste that goes to landfill to help reduce greenhouse gas emissions. 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 across the five head office buildings. We also constantly raise awareness on proper waste reduction and waste sorting where the waste will be sorted and separated by type before sending to different relevant agencies for proper handling. - Paperless Campaign
We remain committed to reducing paper use. This will be achieved through our ongoing digitalization of work processes of employees under the Digital Way of Work and Digital Workplace concepts by adopting digital systems to enable everyone to send data or documents through electronic means instead of using paper, adjusting the default setting on all printers to double-sided printing as well as encouraging employees to separate used paper for reuse before disposal.
- Bualuang Save the Earth: 3R+
- Building Awareness on Energy and Environmental Conservation for Employees
- Energy Management in Buildings Course and Energy Conservation in Buildings and Offices Course
As the we place importance on building awareness and promoting understanding of energy conservation among employees, we developed the Energy Management in Buildings Course and the Energy Conservation in Buildings and Offices Course under the Bualuang Saves Energy project. Provided via the BBLearn channel, these training courses cover important topics such as laws and regulations for energy conservation promotion, penalties, clean energy, management of controlled buildings, domestic energy sources and ways to save energy at work, electricity bill details, the Bank's energy conservation efforts and preliminary assessment of energy management. - Waste Sorting Course
Realizing the problem from the large amount of daily waste produced in Thailand which affects the environment and the quality of life of many people, we built awareness focusing on the importance of proper end-to-end waste management for our employees by offering a training course on waste separation in the Bank through our BBLearn online channel so that all employees can apply the knowledge in their daily lives while realizing the benefits of waste sorting, reduction of waste volume for landfill and recycling. At the end of 2023, a total of 336 employees attended the course. - Training on Waste Sorting and Recycle
The Bank organized educational activities on waste sorting and recycling on September 12, 2023 at the Silom head office building to show how to effectively sort waste at the Bank. Experts from a PET waste separation project of Indorama Ventures Limited were invited to share knowledge with 31 members of the Bualuang Green Team, along with 10 representatives of office maids from our two outsourced cleaning service providers, Bangkok Servex and Janita Cleaning Service, who service the head office buildings.
The Bank encourages all employees to propose ideas about the Bank's energy and environmental conservation operations through various activities such as presenting ideas on the topic Waste Problems and Solutions and a costume competition under an eco-friendly theme to make costumes from leftover materials.
- Energy Management in Buildings Course and Energy Conservation in Buildings and Offices Course
- Support of Environmental and Energy Conservation Activities
- Bualuang Save the Earth: Save Tha Chin River
To help mitigate the severe impact from marine debris on the livelihoods of many aquatic animals and communities, the Bank signed a memorandum of intent to cooperate in marine waste management in estuarial areas through collaboration with the Ministry of Natural Resources and Environment, the Office of the Public Sector Development Commission, the Office of the Securities and Exchange Commission and the Thai Listed Companies Association. Under this collaboration, the Bank has been assigned to be jointly responsible for waste management at the Tha Chin river estuary and will work with the community, government agencies and other stakeholders, starting with the pilot area around Khlong Luang Sahakhon and Khlong Pittayalongkorn in Samut Sakhon province.
- Bualuang Save the Earth: Save Tha Chin River
- Carbon Offsetting of the Silom Head Office Building
The Bank seeks to become a carbon neutral organization by continuously participating in carbon offsetting activities held by the Thailand Greenhouse Gas Management Organization (Public Organization) (TGO). In 2023, the Bank was certified for the carbon offsetting for its head office building through the purchase of carbon credits totaling 10,604 tons of carbon dioxide equivalent from the 133.6 MW Biomass Thermal Generation at Mitr Phol Bio-Power, Phu Khiao (Block 2) project. The carbon offsetting supports the voluntary reduction of GHS emissions and carbon credit trading in Thailand.
Environmental and Resource Utilization Information
The Bank continues to support the implementation and improvement of an eco-efficiency data management system, including carbon footprint data, to minimize data storing errors and enable convenient data reviews. To ensure the quality of data and the reliability of reports, we have arranged to have our environmental and resource consumption, as well as carbon footprint data verified by an external party registered with the Thailand Greenhouse Gas Management Organization (Public Organization)
Environmental Performance
Environmental Performance
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