Significance & Commitment

Climate change is a critical global issue, prompting international cooperation to cease the escalation of global average temperature by restraining the amount of greenhouse gas emissions through the implementation of stringent regulations in each country. As an energy producer, Banpu is committed to achieving Net Zero emissions by 2050. This commitment is reinforced by the corporate strategy “Energy Symphonics,” which harmonizes innovation, technology, and sustainability to guide Banpu’s transition toward a low-carbon, resilient energy future.

Management Approach

Climate change risks are fully integrated into the Company’s enterprise risk management, reflecting the strategic importance of a proactive climate response. To reinforce accountability, climate change management has been designated as a key performance indicator for the CEO and senior executives in relevant business units.

A dedicated Climate Change Committee has been established to oversee the implementation and performance of the Company’s climate strategy, which focuses on four measures: Mitigation of emissions, Climate-related adaptability, Participation in a low-carbon society, and Participation in a climate change community.

To align with global efforts to limit global warming to 1.5°C, Banpu has committed to becoming a Net Zero emissions company by 2050. As part of our interim goal, we commit to reducing GHG emissions by at least 20% by 2030, using 2023 as the base year. A crucial aspect of achieving Net Zero is the implementation of effective decarbonization plans. These plans include operational improvements, adopting new technologies, and ongoing performance monitoring. Banpu has incorporated our decarbonization plan into the annual business strategy workshops. In addition, these initiatives are overseen by the Climate Change Committee on a quarterly basis.

To understand our current baseline, Banpu has comprehensively calculated and disclosed Scope 1 and 2 emissions from assets under our operational control. We are currently in the process of estimating Scope 3 emissions, with a commitment to fully calculate and disclose the top three emission sources by 2026.

To enhance employee participation in decarbonization, the Company integrates GHG emissions reduction into one of the criteria for Banpu Innovation Program, focusing on projects that contribute to emissions reduction and the generation of carbon credits.

Download Climate Change Policy