MCB Bank Limited Sustainability Profile
MCB Bank Limited, headquartered in Pakistan, is a prominent player in the banking and financial services industry. Established in 1947, MCB has evolved significantly, marking key milestones such as its listing on the Pakistan Stock Exchange. The bank operates extensively across major regions in Pakistan, offering a comprehensive range of services including retail banking, corporate banking, and Islamic banking. MCB Bank is renowned for its innovative financial products, such as its competitive savings accounts and tailored loan solutions, which cater to diverse customer needs. With a strong market position, MCB has received numerous accolades for its customer service and operational excellence, solidifying its reputation as a trusted financial institution in the region.
DitchCarbon Score
How does MCB Bank Limited'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
MCB Bank Limited's score of 22 is lower than 74% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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MCB Bank Limited's reported carbon emissions
In 2022, MCB Bank Limited, headquartered in Pakistan (PK), reported no specific carbon emissions data, indicating a lack of disclosed emissions figures across all scopes (Scope 1, 2, and 3). The bank's revenue for the year was approximately USD 549.74 million. Currently, MCB Bank Limited does not have any publicly stated reduction targets or commitments under the Science Based Targets initiative (SBTi) or other climate pledges. The absence of emissions data and reduction initiatives suggests that the bank may be in the early stages of developing a comprehensive climate strategy. As of now, MCB Bank Limited does not inherit emissions data from any parent or related organizations, indicating that its climate commitments and emissions reporting are independent. The bank's future climate actions will be crucial in aligning with industry standards and addressing the growing importance of sustainability in the financial sector.
How Carbon Intensive is MCB Bank Limited's Industry?
How Carbon Intensive is MCB Bank Limited's Location?
MCB Bank Limited'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.
MCB Bank Limited 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.
