Metrobank, officially known as Metropolitan Bank & Trust Company, is a leading financial institution headquartered in the Philippines. Established in 1962, it has grown to become one of the largest banks in the country, with a strong presence in key regions across Southeast Asia. Operating primarily in the banking and financial services industry, Metrobank offers a comprehensive range of products, including retail banking, corporate banking, investment services, and wealth management. Its commitment to innovation and customer service sets it apart in a competitive market. With a robust network of branches and ATMs, Metrobank has consistently achieved notable milestones, including recognition for its financial stability and customer satisfaction. As a trusted partner for individuals and businesses alike, Metrobank continues to play a pivotal role in the Philippine economy.
How does Metrobank'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.
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.
Metrobank's score of 21 is lower than 81% of the industry. This can give you a sense of how well the company is doing compared to its peers.
In 2023, Metrobank reported total carbon emissions of approximately 40,290,000 kg CO2e. This figure reflects a slight increase from 2022, when emissions were about 40,087,000 kg CO2e. The emissions data for 2022 indicates that Metrobank's Scope 1 emissions were approximately 147,000 kg CO2e, while Scope 2 emissions accounted for about 39,940,000 kg CO2e. The total emissions for 2021 were approximately 33,546,000 kg CO2e, with Scope 1 emissions at about 149,000 kg CO2e and Scope 2 emissions at around 33,397,000 kg CO2e. Metrobank has not disclosed any specific reduction targets or initiatives under the Science Based Targets initiative (SBTi) or other climate pledges. The bank's emissions data is not cascaded from a parent company, and all reported figures are derived directly from Metrobank's own disclosures. Overall, while Metrobank has made strides in tracking its carbon footprint, the absence of defined reduction targets suggests an opportunity for further commitment to climate action.
Access structured emissions data, company-specific emission factors, and source documents
2019 | 2020 | 2021 | 2022 | |
---|---|---|---|---|
Scope 1 | 175,500 | 000,000 | 000,000 | 000,000 |
Scope 2 | 30,970,000 | 00,000,000 | 00,000,000 | 00,000,000 |
Scope 3 | - | - | - | - |
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.
Metrobank 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.