Maybank Ageas Holdings Berhad Sustainability Profile
Maybank Ageas Holdings Berhad, a prominent player in the insurance and financial services sector, is headquartered in Malaysia. Established in 2000, the company has rapidly evolved, becoming a key provider of life and general insurance solutions across Southeast Asia. With a strong presence in Malaysia and significant operations in Indonesia and Singapore, Maybank Ageas is well-positioned in the competitive insurance market. The company offers a diverse range of products, including life insurance, health coverage, and investment-linked plans, distinguished by their customer-centric approach and innovative features. Maybank Ageas has garnered recognition for its commitment to excellence, achieving notable milestones such as industry awards for service quality and product innovation. As a joint venture between Maybank and Ageas, it combines local expertise with international standards, solidifying its reputation as a trusted insurance provider in the region.
DitchCarbon Score
How does Maybank Ageas Holdings 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 Insurance Services 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 Ageas Holdings Berhad's score of 35 is higher than 55% 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 Ageas Holdings Berhad, headquartered in Malaysia (MY), currently does not report specific carbon emissions data, as indicated by the absence of emissions figures. The company is a current subsidiary of Malayan Banking Berhad, which may influence its climate commitments and reporting practices. While there are no documented reduction targets or climate pledges from Maybank Ageas Holdings Berhad, it is important to note that emissions data and performance metrics may be cascaded from its parent company, Malayan Banking Berhad. This relationship suggests that any climate initiatives or targets may align with those set by Malayan Banking Berhad, although specific details are not provided. As a part of the financial services sector, Maybank Ageas Holdings Berhad is likely to be influenced by industry standards and expectations regarding carbon emissions and sustainability practices. However, without specific data or commitments, the company's current stance on climate action remains unclear.
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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 Ageas Holdings Berhad's Industry?
How Carbon Intensive is Maybank Ageas Holdings Berhad's Location?
Maybank Ageas Holdings Berhad's Scope 3 Categories Breakdown
Maybank Ageas Holdings Berhad'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 Ageas Holdings 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.
Maybank Ageas Holdings 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.
