Maybank
Maybank, officially known as Malayan Banking Berhad, is a leading financial institution headquartered in Kuala Lumpur, Malaysia. Established in 1960, Maybank has grown to become one of Southeast Asia's largest banks, with a significant presence in key markets including Singapore, Indonesia, and the Philippines. Operating primarily in the banking and financial services industry, Maybank offers a comprehensive range of products and services, including retail banking, corporate banking, investment banking, and Islamic banking. Its commitment to innovation and customer-centric solutions sets it apart in a competitive landscape. Recognised for its strong market position, Maybank has received numerous accolades, reflecting its dedication to excellence and sustainable growth. With a focus on digital transformation, Maybank continues to enhance its service offerings, ensuring it meets the evolving needs of its diverse clientele.
DitchCarbon Score
How does Maybank's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Financial Intermediation industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Maybank's score of 50 is higher than 96% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Maybank's reported carbon emissions
In 2023, Maybank reported total carbon emissions of approximately 52,179,000 kg CO2e globally, with emissions broken down into Scope 1 at about 53,670,000 kg CO2e, Scope 2 at approximately 467,840,000 kg CO2e, and Scope 3 at around 280,000 kg CO2e. In Malaysia, the bank's emissions were approximately 7,300,000 kg CO2e for Scope 1, 11,270,000 kg CO2e for Scope 2, and 11,333,000 kg CO2e for Scope 3. Maybank has made significant strides in reducing its carbon footprint, achieving a 41% reduction in Scope 1 and 2 emissions, equivalent to about 53,771 tonnes CO2e, against a 2019 baseline of 131,291 tonnes CO2e. The bank aims for a carbon-neutral position for its own emissions by 2030 and a net-zero carbon equivalent position by 2050. Additionally, Maybank has set a target to reduce greenhouse gas emissions by 50% by 2030, building on a previous reduction of 39%. These commitments reflect Maybank's dedication to sustainability and its proactive approach to addressing climate change, aligning with industry standards and expectations for corporate responsibility.
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| 2012 | 2013 | 2014 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|
| Scope 1 | - | - | - | 00,000,000 | 00,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 38,459,060 | 00,000,000 | 00,000,000 | 000,000,000 | 00,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 3 | - | - | - | 00,000,000 | 00,000,000 | 000,000 | 000,000 | 000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Maybank is not participating in any of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
