HSBC Bank Malaysia Berhad Sustainability Profile
HSBC Bank Malaysia Berhad, a prominent player in the Malaysian banking sector, is headquartered in Kuala Lumpur, Malaysia (MY). Established in 1884, the bank has evolved significantly, marking key milestones in its commitment to providing comprehensive financial services. Operating primarily in retail banking, commercial banking, and wealth management, HSBC Malaysia offers a diverse range of products, including personal loans, credit cards, and investment services, distinguished by their customer-centric approach and innovative digital solutions. With a strong market position, HSBC Bank Malaysia is recognised for its robust financial performance and extensive network, serving millions of customers across the nation. The bank's dedication to sustainability and community engagement further enhances its reputation, making it a trusted choice for individuals and businesses alike in the competitive financial landscape.
DitchCarbon Score
How does HSBC 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
HSBC Bank Malaysia Berhad's score of 75 is higher than 86% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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HSBC Bank Malaysia Berhad currently does not report specific carbon emissions data for the most recent year, as no emissions figures are available. However, the bank is part of a broader corporate family that includes HSBC Holdings plc, which provides relevant climate commitments and initiatives. As a current subsidiary of HSBC Holdings plc, HSBC Bank Malaysia Berhad inherits emissions data and climate targets from its parent company. HSBC Holdings plc has set ambitious targets to reduce its carbon footprint, which are cascaded down through its subsidiaries. The bank aligns with the Science Based Targets initiative (SBTi) and participates in the Carbon Disclosure Project (CDP), both of which are critical frameworks for measuring and managing climate impact. While specific reduction targets for HSBC Bank Malaysia Berhad are not detailed, the overarching goals from HSBC Holdings plc include significant commitments to achieving net-zero emissions by 2050 and reducing financed emissions in line with the Paris Agreement. These initiatives reflect the bank's dedication to addressing climate change and promoting sustainability within the financial sector. In summary, while HSBC Bank Malaysia Berhad does not currently report its own emissions data, it is actively engaged in climate commitments through its affiliation with HSBC Holdings plc, which sets the framework for its environmental strategies and targets.
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| 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2014 | 2015 | 2016 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | - | - | - | - | - | - | - | 0,000 | 0,000 | 0,000 | 0,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | - | - | - | - | - | - | - | - | - | - | - | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 00,000,000 |
| Scope 3 | 88,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 00,000,000 | 000,000,000 | 0,000,000,000 | 00,000,000 | 000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
How Carbon Intensive is HSBC Bank Malaysia Berhad's Industry?
How Carbon Intensive is HSBC Bank Malaysia Berhad's Location?
HSBC Bank Malaysia Berhad's Scope 3 Categories Breakdown
HSBC Bank Malaysia Berhad's Scope 3 emissions, which increased by 1% last year and increased significantly since 2004, demonstrating supply chain emissions tracking. The vast majority of their carbon footprint comes from suppliers and value chain emissions, representing the vast majority of total emissions under the GHG Protocol, with "Purchased Goods and Services" being the largest emissions source at 77% of Scope 3 emissions.
Top Scope 3 Categories
HSBC Bank 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.
HSBC Bank 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.
