The bank’s declaration of its carbon neutrality goals is clear. This is in line with the Nationally Determined Contributions (NDCs) targets announced at COP26 in Glasgow. With Thailand aiming to reduce greenhouse gas emissions in order to move towards carbon neutrality by 2050, Krungsri has formulated a plan to accelerate carbon reduction that is practical. with a clear goal towards a carbon-neutral banking Including serious financial support for social and sustainable business projects.
Mr. Seichiro Akita, President and Chief Executive Officer Bank of Ayudhya Public Company Limited said Krungsri is committed to solving the problem of climate change. This is an urgent matter and an emergency of the international community. And the bank will accelerate its strategic action to support the reduction of greenhouse gas emissions. Through helping clients transition to low-carbon investments and business operations. including providing comprehensive financial support for alternative energy projects
In addition, Krungsri will urgently reduce carbon in the bank’s business processes. through the optimization of resource utilization Digital transformation process Switching to alternative energy and the utilization of carbon offset mechanisms
Krungsri is committed to advancing its commitment to carbon neutrality. by targeting the following
1. Reduce the carbon footprint of the bank’s business processes by 2030
2.Reduce CO2 emissions from all financial services by 2050
3. Reduce financial support for coal-fired power plants to zero within this decade and operate a transparent financial information disclosure policy. It discloses information on emissions and greenhouse gas reduction targets related to the bank’s credit and investment.
4.Increase financial support for social and sustainable business projects to 500-100 billion baht by 2030
5. Actively and continuously promote the development of sustainable financial markets and green finance in Thailand.
“With our conscience and duty as a systematically important commercial bank (D-SIB) of Thailand and a subsidiary of Mitsubishi UFJ Financial Group (MUFG), one of the largest financial institutions world class Krungsri announced the Krungsri Carbon Neutrality Vision to support and comply with the MUFG (Carbon Neutrality Declaration) guidelines, which is a goal that is committed to reducing global carbon dioxide emissions announced earlier.”
