- Potential risks due to climate change, including decline in asset values due to extreme weather events and reduced repayment capacity of borrowers.
- Increase in financial emissions in 2023 due to increase in scale of energy assets and emissions from the fossil fuel sector.
BNK Financial Group
Greenhouse gas emissions & sustainability report data
In its 2023 reporting, BNK Financial Group disclosed greenhouse gas emissions of 2.8M tCO2eq (Scope 3 2023). By scope: Scope 1: 26.2K tCO2eq (2023); Scope 2: 3.2K tCO2eq (2023); Scope 3: 2.8M tCO2eq (2023). 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
2.8M tCO2eq (Scope 3 2023)
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). | 26.2K tCO2eq (2023) |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 3.2K tCO2eq (2023) |
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | 2.8M tCO2eq (2023) |
New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.
📈 Emissions by Report Period
| Report period | Headline emissions figure reported |
|---|---|
| 2023 | 2.8M tCO2eq (Scope 3 2023) |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- Obtained certification for greenhouse gas reduction targets from the Science Based Target Initiative (SBTi) in April 2024.
- Achieved 101.3% achievement rate against the 2023 Scope 1+2 emissions reduction target.
- Established a financial emission measurement system for more accurate measurement and management in 2023.
🎯 Climate & Sustainability Targets
🔜 Short-term
- Reduce internal emissions by 42% by 2030 (compared to 2022).
📅 Medium-term
- Reduce financial emissions by 55.2% by 2040 (compared to 2022).
🔭 Long-term
- Achieve carbon neutrality by 2050 for both internal and financial emissions.
🌱 ESG Focus Areas
Climate Change