Maybank Sustainability Profile
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.
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
Maybank's score of 50 is higher than 69% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Maybank's reported carbon emissions
In 2023, Maybank reported total carbon emissions of approximately 80,349,000 kg CO2e globally. This includes Scope 1 emissions of about 10,997,000 kg CO2e, Scope 2 emissions of approximately 51,764,000 kg CO2e, and Scope 3 emissions of around 22,588,000 kg CO2e. Notably, in Malaysia, the bank's emissions comprised 7,300,000 kg CO2e (Scope 1), 11,270,000 kg CO2e (Scope 2), and 11,333,000 kg CO2e (Scope 3). Maybank has made significant strides in reducing its carbon footprint, achieving a 41% reduction in Scope 1 and 2 emissions, equating to approximately 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. The bank's commitment to sustainability is further underscored by its target to reduce greenhouse gas emissions by 50% by 2030, building on a previous reduction of 39%. These initiatives reflect Maybank's dedication to addressing climate change and aligning with global sustainability goals.
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| 2012 | 2013 | 2014 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|---|
| 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?
How Carbon Intensive is Maybank's Location?
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
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.
