Bank Muamalat Malaysia Berhad Sustainability Profile
Bank Muamalat Malaysia Berhad, a prominent Islamic financial institution, is headquartered in Kuala Lumpur, Malaysia. Established in 1999, the bank has made significant strides in the Islamic banking sector, offering a range of Shariah-compliant financial products and services. With a focus on retail banking, corporate banking, and investment services, Bank Muamalat stands out for its commitment to ethical finance and community development. The bank's unique offerings include personal financing, home financing, and business solutions tailored to meet the diverse needs of its customers. Recognised for its innovative approach, Bank Muamalat has solidified its position in the Malaysian market, serving a wide customer base across the nation. Its dedication to providing quality service and fostering financial inclusion has earned it a reputable standing in the industry.
DitchCarbon Score
How does Bank Muamalat 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
Bank Muamalat Malaysia Berhad's score of 24 is lower than 64% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Bank Muamalat Malaysia Berhad currently does not have specific carbon emissions data available for the most recent year, as indicated by the absence of reported figures. The bank is a current subsidiary of DRB-HICOM Berhad, which may influence its climate commitments and emissions reporting. As of now, there are no documented reduction targets or climate pledges from Bank Muamalat Malaysia Berhad. The absence of specific initiatives or targets suggests that the bank may still be in the early stages of formalising its climate strategy. Given the lack of direct emissions data, it is essential to consider the broader context of the banking sector's climate commitments. Many financial institutions are increasingly adopting Science-Based Targets Initiative (SBTi) frameworks and other sustainability measures to align with global climate goals. However, without specific data or commitments from Bank Muamalat Malaysia Berhad, it is challenging to assess its current position in this regard. In summary, while Bank Muamalat Malaysia Berhad is part of a corporate family that may have climate initiatives, it currently lacks specific emissions data and reduction targets. Further transparency and commitment to climate action will be crucial for the bank to enhance its sustainability profile.
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| 2018 | 2019 | 2020 | 2022 | |
|---|---|---|---|---|
| Scope 1 | 88,104,000 | 00,000,000 | 00,000,000 | 000,000,000 |
| Scope 2 | 213,086,000 | 000,000,000 | 000,000,000 | 00,000,000 |
| Scope 3 | 301,190,000 | 000,000,000 | 000,000,000 | - |
How Carbon Intensive is Bank Muamalat Malaysia Berhad's Industry?
How Carbon Intensive is Bank Muamalat Malaysia Berhad's Location?
Bank Muamalat Malaysia Berhad's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Bank Muamalat Malaysia Berhad has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
