Krungsri teams up with SCCC pushing toward zero food waste in reducing greenhouse gases, while promoting circular economy
13 February 2023
Bangkok (13 February 2023) –
Krungsri (Bank of Ayudhya PCL) joined hands with Siam City Cement Public Company Limited (SCCC) in addressing climate change by installing an additional food waste decomposer that transforms food waste into enriched bio-soil for plants, an enhancement to the
Krungsri Zero Waste project that focuses on zero waste to landfills. The partnership aligns well with the Bank’s greenhouse gas reduction goals, while supporting the circular economy concept.
Krungsri President and Chief Executive Officer Mr. Seiichiro Akita, said “Krungsri’s commitment to guiding principles of
banking with purpose incorporates environmental, social, and governance (ESG) considerations, evidenced by our key environmental initiatives to advance climate action, a collective and urgent agenda at both national and international levels. Krungsri launched the
“Krungsri Zero Waste” project in 2018 with an aim to advance accurate and efficient resource management, reducing waste to landfills which is one of the largest contributors of greenhouse gases. In 2020, the Bank successfully installed a food waste decomposer at Krungsri’s head office using biotechnology to transform food leftovers into enriched bio-soil for plants, a practice supporting Thailand’s circular economy model, while reinforcing Krungsri’s exemplary organization in advocating resource efficiency.”
“This year, Krungsri, in collaboration with Siam City Cement PCL, our key strategic partner, enhances our meaningful environmental mission in pushing toward zero waste by expanding the area equipped with a food waste decomposer manufactured by Insee Ecocycle Co.,Ltd., a subsidiary of SCCC, to cover Krungsri Ploenchit Office. This effort we made will help reduce food waste to landfills by more than 3,000 kilograms per year, or 7,500 kilograms of carbon dioxide equivalents (kgCO
2e), in conformity with Krungsri Carbon Neutrality Vision wherein we aim to decarbonize our own operations by 2030.”, Mr. Akita added.
Mr. Montri Nithikul, Chief Executive Officer of Thailand Cement Business of Siam City Cement PCL, said “As an organization with a commitment to placing a great emphasis on and continuing a sustainability endeavor, the SCCC Group is very pleased to take part in driving sustainability action, particularly creating the green business network through environmentally friendly technology advancement. We take pride in the food waste decomposer developed by
Insee Ecocycle Co., Ltd as an innovation to fight climate change and promote efficient waste management, in alignment with the circular economy concept as well as our sustainable development goals toward net zero in 2030, at both the organizational and national levels. The move reinforces the private sector’s partnership for the goal, with our shared value in this sustainability journey.”
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