Metrobank
Metrobank, officially known as Metropolitan Bank & Trust Company, is a leading financial institution headquartered in the Philippines. Established in 1962, it has grown to become one of the largest banks in the country, with a strong presence in key regions across Southeast Asia. Operating primarily in the banking and financial services industry, Metrobank offers a comprehensive range of products, including retail banking, corporate banking, investment services, and wealth management. Its commitment to innovation and customer service sets it apart in a competitive market. With a robust network of branches and ATMs, Metrobank has consistently achieved notable milestones, including recognition for its financial stability and customer satisfaction. As a trusted partner for individuals and businesses alike, Metrobank continues to play a pivotal role in the Philippine economy.
DitchCarbon Score
How does Metrobank'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
Metrobank's score of 27 is higher than 66% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Metrobank's reported carbon emissions
In 2023, Metrobank reported total carbon emissions of approximately 40,290,000 kg CO2e. This figure represents a slight increase from the previous year, 2022, when emissions were about 40,087,000 kg CO2e. The emissions data for 2023 does not specify the breakdown into Scope 1 and Scope 2, while in 2022, Scope 1 emissions were approximately 147,000 kg CO2e and Scope 2 emissions were about 39,940,000 kg CO2e. In 2021, Metrobank's total emissions were around 33,546,000 kg CO2e, with Scope 1 emissions at approximately 149,000 kg CO2e and Scope 2 emissions at about 33,397,000 kg CO2e. The trend shows an increase in emissions over the years, with 2020 emissions recorded at about 27,921,000 kg CO2e, comprising approximately 371,000 kg CO2e from Scope 1 and about 27,549,000 kg CO2e from Scope 2. Despite the rising emissions, there are no disclosed reduction targets or climate pledges from Metrobank, indicating a potential area for improvement in their sustainability strategy. The bank's commitment to addressing climate change remains unclear, as no specific initiatives or targets have been outlined in the available data.
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| 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|
| Scope 1 | 175,500 | 000,000 | 000,000 | 000,000 |
| Scope 2 | 30,970,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | - | - | - | - |
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.
Metrobank 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.
