Alliance Bank Malaysia Berhad
Alliance Bank Malaysia Berhad, commonly referred to as Alliance Bank, is a prominent financial institution headquartered in Kuala Lumpur, Malaysia. Established in 2000, the bank has made significant strides in the Malaysian banking sector, focusing on retail banking, business banking, and Islamic banking services. With a strong presence in key regions across Malaysia, Alliance Bank offers a diverse range of core products, including personal loans, credit cards, and investment solutions, distinguished by their customer-centric approach and innovative digital banking platforms. The bank has garnered recognition for its commitment to sustainability and community engagement, positioning itself as a trusted partner for individuals and businesses alike. Alliance Bank's dedication to excellence has earned it a notable market position, making it a key player in Malaysia's financial landscape.
DitchCarbon Score
How does Alliance Bank Malaysia Berhad'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
Alliance Bank Malaysia Berhad's score of 51 is higher than 98% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Alliance Bank Malaysia Berhad's reported carbon emissions
In 2023, Alliance Bank Malaysia Berhad reported total carbon emissions of approximately 9,822,200 kg CO2e from Scope 2, 686,370 kg CO2e from Scope 3, and 32,050 kg CO2e from Scope 1. This reflects a slight decrease in Scope 1 emissions compared to 2022, where they were about 24,210 kg CO2e. The bank's Scope 2 emissions also decreased from approximately 10,405,580 kg CO2e in 2022, indicating a commitment to reducing energy consumption and improving efficiency. In 2022, the bank's total emissions were approximately 10,405,580 kg CO2e from Scope 2, 577,250 kg CO2e from Scope 3, and 24,210 kg CO2e from Scope 1. The trend shows a focus on managing and reducing their carbon footprint over the years, with emissions from Scope 1 and 3 also showing fluctuations. Despite these reductions, Alliance Bank has not publicly committed to specific reduction targets or initiatives under the Science Based Targets initiative (SBTi) or other climate pledges. The absence of formal reduction targets suggests that while the bank is actively monitoring its emissions, it may need to establish clearer commitments to align with global climate goals. Overall, Alliance Bank Malaysia Berhad is making progress in managing its carbon emissions, but further transparency and commitment to reduction targets could enhance its sustainability profile.
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| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Scope 1 | 29,530 | 00,000 | 00,000 | 00,000 | 00,000 |
| Scope 2 | 11,952,530 | 00,000,000 | 00,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | 794,070 | 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.
Alliance Bank Malaysia Berhad is not committed to any reduction initiatives 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.
