MB Bank Sustainability Profile
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 22 is lower than 82% 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
MB Bank, headquartered in Vietnam, currently does not have publicly available carbon emissions data for the most recent year. As such, there are no specific figures regarding their Scope 1, 2, or 3 emissions. Additionally, there are no documented reduction targets or climate pledges outlined in their initiatives. The bank does not inherit emissions data from any parent company, nor does it have any cascading targets from related organizations. This lack of data suggests that MB Bank may still be in the early stages of formalising its climate commitments and emissions reporting. In the context of the banking industry, it is increasingly important for financial institutions to establish clear climate strategies and reduction targets to align with global sustainability goals. As MB Bank progresses, it may consider adopting industry-standard frameworks such as the Science Based Targets initiative (SBTi) to enhance its climate commitments and transparency.
How Carbon Intensive is MB Bank's Industry?
How Carbon Intensive is MB Bank's Location?
MB Bank'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.
MB Bank 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.
