MB Bank
MB Bank, officially known as Military Commercial Joint Stock Bank, is a prominent financial institution headquartered in Vietnam. Established in 1994, MB Bank has grown to become a key player in the banking sector, with a strong presence across major operational regions in the country. Specialising in a diverse range of services, including retail banking, corporate banking, and investment services, MB Bank distinguishes itself through innovative financial solutions tailored to meet the needs of its customers. The bank has achieved significant milestones, such as expanding its network and enhancing digital banking capabilities, positioning itself as a leader in the Vietnamese market. With a commitment to customer satisfaction and a focus on sustainable growth, MB Bank continues to receive accolades for its service excellence and robust financial performance, solidifying its reputation as a trusted banking partner in Vietnam.
DitchCarbon Score
How does MB Bank'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
MB Bank's score of 26 is lower 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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MB Bank's reported carbon emissions
In 2022, MB Bank reported total carbon emissions of approximately 19,189,060 kg CO2e. This figure includes Scope 1 emissions of about 3,554,030 kg CO2e, primarily from mobile combustion (approximately 3,030,990 kg CO2e) and fugitive emissions (about 109,470 kg CO2e). Scope 2 emissions accounted for approximately 4,565,890 kg CO2e, with purchased electricity contributing around 757,950 kg CO2e. The bank's Scope 3 emissions were significant, totalling about 11,069,150 kg CO2e, with the largest contributions from fuel and energy-related activities (approximately 5,896,930 kg CO2e) and employee commuting (around 3,189,850 kg CO2e). Comparatively, in 2021, MB Bank's total emissions were approximately 24,220,530 kg CO2e, indicating a reduction in emissions of about 5,031,470 kg CO2e from the previous year. The breakdown for 2021 shows Scope 1 emissions at about 3,295,420 kg CO2e, Scope 2 emissions at approximately 12,649,970 kg CO2e, and Scope 3 emissions at around 8,275,140 kg CO2e. Despite these figures, MB Bank has not set specific reduction targets or climate pledges, nor does it appear to have cascaded any emissions data from a parent organisation. The emissions data is sourced directly from the Military Commercial Joint Stock Bank, with no additional initiatives reported under SBTi or other climate frameworks. Overall, MB Bank's commitment to reducing its carbon footprint is evident through its reported emissions reductions, although further commitments and targets would enhance its climate strategy.
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| 2021 | 2022 | |
|---|---|---|
| Scope 1 | 3,295,420 | 0,000,000 |
| Scope 2 | 12,649,970 | 0,000,000 |
| Scope 3 | 8,275,140 | 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.
MB Bank 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.
