Maybank
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 73% 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, with specific contributions from Scope 1, 2, and 3 emissions. Scope 1 emissions accounted for about 10,997,000 kg CO2e, while Scope 2 emissions were approximately 51,764,000 kg CO2e. Scope 3 emissions, which include indirect emissions from business travel, totalled around 22,588,000 kg CO2e. In Malaysia, Maybank's emissions for 2023 were approximately 7,300,000 kg CO2e for Scope 1, 11,270,000 kg CO2e for Scope 2, and 11,333,000 kg CO2e for Scope 3. The bank 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. Maybank has set ambitious climate commitments, aiming for carbon neutrality in its own emissions by 2030 and a net-zero carbon equivalent position by 2050. Additionally, the bank targets a 50% reduction in greenhouse gas emissions intensity by 2030, building on a previous reduction of 39%. Maybank's emissions data is sourced directly from Malayan Banking Berhad, with no cascaded data from parent or related organizations. The bank's ongoing initiatives reflect a strong commitment to sustainability and climate action within the financial sector.
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| 2012 | 2013 | 2014 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|
| Scope 1 | - | - | - | 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 | 000,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | - | - | - | 00,000,000 | 00,000,000 | - | 00,000,000 | 00,000,000 |
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.
Maybank is not participating in any of the initiatives that 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.
