The study aimed to evaluate co-benefits in term of GHG reduction, and avoided landfill costs by implementing a community-based management (CBM) program for municipal solid waste (MSW). Two towns of peri-urban settlement in Thailand were investigated in case studies to compare eco-performance between the towns with and without implementation of the CBM program. MSW mass flows together with MSW utilization records were analyzed based on data in year 2013. Climate co-benefits from waste utilization activities were examined. Results from the study indicated that waste banks in the CBM program can effectively divert most of recyclables from entering landfills. The performance of “waste bank—recyclable recovery program” recycling rate from the case study with CBM is 172.20 kg per member per year, which is about 926% higher than average CBMs with MSW recycling in Thailand, and the success of CBM can be attributed to its curbside pickup service and fair-pricing of recyclables.