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Public Profile
Financial Intermediation
MY
updated 2 months ago

Maybank Sustainability Profile

Company website

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.

53

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.

29

Industry Benchmark

Maybank's score of 53 is higher than 72% of the industry. This can give you a sense of how well the company is doing compared to its peers.

72%

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Maybank's reported carbon emissions

In 2023, Maybank reported total carbon emissions of approximately 80,349,000 kg CO2e globally, with a breakdown of 10,997,000 kg CO2e from Scope 1, 51,764,000 kg CO2e from Scope 2, and 22,588,000 kg CO2e from Scope 3 emissions. In Malaysia, the bank's emissions were about 11,333,000 kg CO2e from Scope 3, 7,300,000 kg CO2e from Scope 1, and 11,270,000 kg CO2e from Scope 2. 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. These commitments reflect Maybank's dedication to sustainability and align with industry standards for climate action. The emissions data is sourced from Malayan Banking Berhad, with no cascaded data from parent organizations.

Unlock detailed emissions data

Access structured emissions data, company-specific emission factors, and source documents

201220132014201820192020202120222023
Scope 1
-
-
-
0,000,000
00,000,000
00,000
0,000,000
00,000,000
00,000,000
Scope 2
38,459,060
00,000,000
00,000,000
00,000,000
000,000,000
00,000,000
00,000,000
00,000,000
00,000,000
Scope 3
-
-
-
0,000,000
00,000,000
00,000,000
00,000,000,000
00,000,000
00,000,000

How Carbon Intensive is Maybank's Industry?

Very low
Low
Medium
High
Very high
Some industries are more carbon intensive than others. Maybank's primary industry is Financial intermediation services, except insurance and pension funding services (65), which is very low in terms of carbon intensity compared to other industries.

How Carbon Intensive is Maybank's Location?

Very low
Low
Medium
High
Very high
The carbon intensity of the energy grid powering a company's primary operations has a strong influence on its overall carbon footprint. This request for Maybank is in MY, which has a medium grid carbon intensity relative to other regions.

Maybank's Scope 3 Categories Breakdown

Maybank's Scope 3 emissions, which increased by 58% last year and increased by approximately 294% since 2018, demonstrating supply chain emissions tracking. Their carbon footprint includes suppliers and value chain emissions, with Scope 3 emissions accounting for 26% of total emissions under the GHG Protocol, with "Investments" being the largest emissions source at 149194% of Scope 3 emissions.

Top Scope 3 Categories

2023
Investments
149194%
Business Travel
30%
Upstream Leased Assets
25%

Maybank'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.

Maybank 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.

Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact
RE 100
Climate Action 100
Race To Net Zero
Reduction Actions

Compare Maybank's Emissions with Industry Peers

Bnp Paribas

FR
•
Financial intermediation services, except insurance and pension funding services (65)
Updated 1 day ago

Cimb Group Holdings Berhad

MY
•
Financial intermediation services, except insurance and pension funding services (65)
Updated 9 days ago

Associação de Mobile Marketing do Brasil

BR
Updated 25 days ago

Hsbc Holdings

GB
•
Financial intermediation services, except insurance and pension funding services (65)
Updated 2 days ago

Jg Summit Holdings

PH
•
Other business services (74)
Updated 2 days ago

AFFIN Holdings Bhd.

MY
•
Financial intermediation services, except insurance and pension funding services (65)
Updated about 2 months ago

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Where does DitchCarbon data come from?

Discover our data-driven methodology for measuring corporate climate action and benchmarking against industry peers

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