- Escalating climate change.
- Supply chain disruptions.
- Geopolitical and economic conflicts.
- Extreme weather events.
- Adverse effects of AI technology.
- Increasing frequency of cyberattacks.
- Growing awareness of ESG investing among domestic investors.
- Difficulties faced by SMEs in executing inventory and disclosure of carbon emission data.
King's Town Bank Co. Ltd.
Greenhouse gas emissions & sustainability report data
In its 2023 reporting, King's Town Bank Co. Ltd. disclosed greenhouse gas emissions of 2.2K tCO2e/year. By scope: Scope 1: 304 tCO2e/year; Scope 2: 1.9K tCO2e/year; Scope 3: 3 tCO2e/year. Figures are as stated in the company's own report and may use different boundaries, units or methods (for example market-based vs location-based Scope 2), so compare with care.
GHG Emissions
2.2K tCO2e/year
2023
Water Usage
19.4K m3/year
2023
Waste
11.82 tons/year (Headquarters Building)
2023
Energy Use
3.8M kWh/year
2023
📊 Emissions by Scope (2023)
| Scope | What it covers | Reported value |
|---|---|---|
| Scope 1 | Direct emissions from sources the company owns or controls (fuel combustion, company vehicles, process and fugitive emissions). | 304 tCO2e/year |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 1.9K tCO2e/year |
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | 3 tCO2e/year |
New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.
✅ Reported Environmental Achievements
- Received the Bronze Award in the non-manufacturing category of the 5th National Enterprise Environmental Protection Award.
- Headquarters Building obtained ISO 14001 environmental management system certification.
- Entire Bank passed ISO 14064-1 GHG verification.
- Company’s Scope 1 and Scope 2 greenhouse gas emissions in fiscal 2023 were 2,196 (metric tons of CO2e/year), with average per capita quantity of 2.27 t-CO2e, a reduction of 2.16% from the baseline year of 2022.
- Average amount of waste per person in the head office building is 39.45 kilograms in 2023, a decrease of 7.83% compared to the baseline year of 2022
- Self-generated 40,478 kWh of green electricity in 2023, reducing carbon emissions by about 20.04 metric tons.
🎯 Climate & Sustainability Targets
🔜 Short-term
- Reduce carbon emission per capita by 1% compared with the previous year.
- Reduce electricity consumption per capita by 1% compared with the previous year.
- Reduce water consumption per capita by 1% compared with the previous year.
- Reduce waste reduction per capita by 1% compared with the previous year.
📅 Medium-term
- Achieve cumulative carbon reduction per capita of 5% of that in 2022 by 2027.
- Achieve cumulative electricity consumption reduction per capita of 5% of that in 2022 by 2027.
- Achieve cumulative water consumption reduction per capita of 5% of that in 2022 by 2027.
- Achieve cumulative waste reduction per capita of 5% of that in 2022 by 2027.
🔭 Long-term
- Net zero emissions by 2050.
🌱 ESG Focus Areas
Corporate GovernanceEnvironmentSocialClimate ActionCustomer ValueHappy WorkplaceSocial Prosperity