Metrobank
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.
DitchCarbon Score
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.
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
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.
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Metrobank's reported carbon emissions
In 2023, Metrobank reported total carbon emissions of approximately 40,290,000 kg CO2e. This figure represents 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. Over the past few years, Metrobank has demonstrated a commitment to reducing its carbon footprint. In 2021, the bank's total emissions were about 33,546,000 kg CO2e, showing a significant reduction from 2020's total of approximately 27,921,000 kg CO2e. This trend highlights the bank's ongoing efforts to manage and mitigate its environmental impact. Despite these reductions, there are currently no specific science-based targets (SBTi) or documented climate pledges in place for Metrobank. The bank's emissions data is not cascaded from a parent company, indicating that it operates independently in its sustainability reporting. Metrobank continues to focus on sustainability initiatives, although detailed reduction targets have not been specified. The bank's commitment to addressing climate change is evident in its annual sustainability reports, which outline its performance and future goals.
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| 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 | - | - | - | - |
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.
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.
