MUTUAL TRUST BANK PLC Sustainability Profile
Mutual Trust Bank PLC, commonly referred to as MTB, is a prominent financial institution headquartered in Dhaka, Bangladesh. Established in 1999, the bank has made significant strides in the banking sector, focusing on retail and corporate banking, as well as SME financing. With a commitment to customer-centric services, MTB offers a diverse range of products, including savings accounts, loans, and investment services, distinguished by their innovative approach and personalised solutions. Over the years, Mutual Trust Bank has achieved notable milestones, including recognition for its strong corporate governance and sustainable banking practices. As a key player in the Bangladeshi banking industry, MTB continues to enhance its market position through strategic initiatives and a robust digital banking platform, catering to the evolving needs of its clientele across the region.
DitchCarbon Score
How does MUTUAL TRUST BANK PLC'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
MUTUAL TRUST BANK PLC's score of 41 is higher than 62% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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MUTUAL TRUST BANK PLC's reported carbon emissions
In 2023, Mutual Trust Bank PLC reported total carbon emissions of approximately 4,619,000 kg CO2e for Scope 1, 368,000 kg CO2e for Scope 2, and 198,000 kg CO2e for Scope 3 emissions. This data reflects a commitment to transparency in their environmental impact, with emissions disclosed across all three scopes. Comparatively, in 2022, the bank's emissions were significantly higher, with Scope 1 emissions at about 4,907,000 kg CO2e, Scope 2 at 360,000 kg CO2e, and Scope 3 at 154,000 kg CO2e. This indicates a reduction in Scope 1 emissions of approximately 288,000 kg CO2e from 2022 to 2023, showcasing a positive trend in their carbon footprint management. Despite these reductions, Mutual Trust Bank PLC has not set specific reduction targets through the Science Based Targets initiative (SBTi) or other formal climate pledges. The absence of documented reduction initiatives suggests that while the bank is actively monitoring its emissions, it may benefit from establishing clearer sustainability goals to enhance its climate commitments. Overall, Mutual Trust Bank PLC's emissions data reflects a proactive approach to understanding and managing its carbon footprint, with a notable decrease in emissions from the previous year. However, the lack of formal reduction targets indicates an opportunity for further commitment to climate action.
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| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Scope 1 | 53,069,000 | 00,000,000,000 | 0,000,000,000 | 0,000,000 |
| Scope 2 | - | 000,000,000 | 000,000,000 | 000,000 |
| Scope 3 | - | 000,000,000 | 000,000,000 | 000,000 |
How Carbon Intensive is MUTUAL TRUST BANK PLC's Industry?
How Carbon Intensive is MUTUAL TRUST BANK PLC's Location?
MUTUAL TRUST BANK PLC'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.
MUTUAL TRUST BANK PLC 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.
