Mitigation of Environmental Footprint and Climate Impact

Commitment


To build employee awareness of resource conservation, implement efficient environmental and resource management systems, and mitigate our environmental footprint in order to be a green organization that generates long-term benefit for society and the Bank

Materiality


Climate change and other environmental issues have an increasingly large impact on the livelihood of people and the way in which they live, not just in Thailand but on a global scale. These problems are too big for a single organization to tackle without collaboration with all sectors including government, businesses and households at local and international levels. We believe that businesses should play a role in conserving natural resources and the environment as well as being mindful of climate change and their environmental footprint. This can start at the workplace with energy conservation, waste reduction and environmental preservation, as well as reduction of greenhouse gas emissions from business operations.

We have established an Energy Conservation and Environmental Policy to provide guidelines for systematic environmental management in line with applicable laws. At the same time, we regard energy conservation, reduction of greenhouse gas emissions and waste management as the shared mission of everyone in the organization. Moreover, we have adopted science-based targets for our greenhouse gas emissions reduction target which is in alignment with the Paris Agreement’s target to control the increase of average global temperatures to be less than two degrees Celsius above preindustrial levels. In addition, we are committed to continuous environmental management and energy conservation so that the Bank’s resource utilization is reasonable and efficient while the environmental impact of the Bank’s business conduct can be prevented or mitigated.
Management Approach
Realizing the importance of making concrete efforts regarding environmental management and energy conservation to prevent and alleviate the environmental footprint from the Bank’s operations, we have implemented an Environmental Management System (EMS) in accordance with ISO 14001:2015 and applicable regulatory practices. The EMS system includes planning, setting targets and guidelines, assessing environmental risks and impacts associated with the Bank’s business operations, monitoring performance, determining corrective measures, and developing our database system and eco-efficiency data management tools. The system will enhance the planning and monitoring of the Bank’s environmental management and energy conservation undertaking to be more defined, efficient and effective.

We have established a policy on environmental management and energy conservation as a guideline for executives and staff at all levels to comply with which will benefit the Bank and the general public. Furthermore, we support training on environmental management and energy conservation to raise employees’ awareness and share knowledge on how to properly save energy and resources in our everyday lives. Our environmental management and energy conservation guideline is implemented by a working team which is a collaboration between different units. This environment and energy conservation team works to ensure efficient and effective environmental and energy management by reviewing environmental management and energy conservation policies, issuing relevant measures, setting targets, initiating and driving related projects and activities, collaborating with other functions, auditing the Bank’s energy consumption status, reviewing the performance on energy management of other functions, as well as organizing training programs and other educational activities.

We have appointed an energy management audit team to ensure that environmental and energy conservation initiatives are being successfully carried out as well as an internal working team to collect data and prepare analytical reports relating to GHG emissions and the organization’s carbon footprint. Moreover, we have commissioned a third-party verification body certified by the Thailand Greenhouse Gas Management Organization (Public Organization) to audit information on greenhouse gas emissions to ensure that the information we report complies with accepted standards.

Key Activities
We have improved devices and work processes to support the efficient utilization of energy and resources including different types of initiatives that encourage the participation of employees to help reduce our environmental footprint. We pay attention to awareness building and have adopted the 3R principles (Reduce, Reuse, Recycle) to help optimize our resource use. To build awareness about energy and environmental conservation, we are dedicated to fostering a responsible mindset and building awareness about energy and environmental conservation among all staff and executives as well as customers, suppliers, and the general population using various communication channels of the Bank.

Bualuang Saves Energy Project

We have launched a mandatory online course via the BBLearn channel on energy management to raise awareness and encourage energy and environmental conservation by executives and staff at all levels. As of the end of 2021, 12,912 employees had joined the course, accounting for 61.52 percent of all employees, of which 8,443 employees were employees working in designated buildings, representing 95.33% of total employees working in designated buildings.

No More Waste - Sort, Reduce, Stop, Use Project

The Bank educates all employees on how to sort garbage the right way through a PR campaign How to Discard, How to Sort Garbage, and encourages them to reduce, stop or avoid consuming resources unnecessarily by saying no to single-use plastics like spoons and forks, condiment sachets or receipts. In addition, we have organized various activities to encourage all employees to share their ideas on garbage sorting which other colleagues can learn from. An online curriculum was also developed about garbage sorting at the Bank which aimed to build awareness about everyday waste sorting and ensure that employees can sort garbage properly at the Bank.

Registration for Carbon Footprint Organization

We engaged the Eco Industry Research and Training Center of Mahidol University which is registered with TGO, as a verification body (VB) to audit the GHG emissions across our five big buildings including head office building in 2020. The Bank was certified and registered as a Carbon Footprint Organization by the Thailand Greenhouse Gas Management Organization (Public Organization) with a total of 21,634 tons of carbon dioxide equivalent per year (Scope 1 and 2) on August 26, 2021.

Carbon Neutral Initiatives
The Bank was certified as a Carbon Neutral Organization for its head office building in Silom by the Thailand Greenhouse Gas Management Organization (Public Organization) on October 27, 2021. The Bank also purchased carbon credits from the renewable energy development project to produce alternative energy from solar power worth 12,726 tons of carbon dioxide equivalent from BCPG Public Company Limited to offset 100 percent of the amount of GHG emitted from the head office buildings in Silom in 2021.
Environmental and Resource Utilization Information
In 2021, the Bank implemented an eco-efficiency data management system which systematically collects data related to resources and the environment from different units of the Bank. The system helps promote accuracy, reduces data storing mistakes and enables convenient data reviews. Additionally, we have an independent data verification of our performance on environmental and resource utilization by commissioning an external third party which is registered with the Thailand Greenhouse Gas Management Organization (Public Organization).

Environmental Performance

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