Bangkok: Government Savings Bank (GSB) has made a significant shift by transitioning to using 100% electric vehicles. This move is part of the GSB Net Zero 2050 plan, which aims to achieve net-zero greenhouse gas emissions.
According to Thai News Agency, Ms. Wachira Karsut, Deputy Director of the Sustainable Marketing Group, and Ms. Yadaporn Sripat, Deputy Director of the Operations Group, along with other executives, took delivery of a new fleet of electric vehicles. These vehicles are designated for use at the Government Savings Bank's headquarters in Bangkok. The bank's strategy, known as the GSB Net Zero Roadmap, aims to replace all internal combustion engine vehicles with electric ones throughout its operations, including regional branch offices, by 2030.
The GSB Net Zero Roadmap was first announced in 2023 and outlines several operational targets. It aims for carbon neutrality by 2030 and a complete net-zero target by 2050. Initiatives under this roadmap include stopping lending to businesses that use fossil fuels and promoting ESG (Environmental, Social, and Governance) financial transitions.
The bank is also supporting entrepreneurs in integrating ESG principles into their businesses by employing ESG Score criteria during loan evaluations. Other efforts include offsetting the bank's residual greenhouse gas emissions through reforestation and forest conservation, and promoting the use of renewable energy.