MUTUAL TRUST BANK PLC
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 25 is lower than 56% 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 from Scope 1, 368,000 kg CO2e from Scope 2, and 198,000 kg CO2e from Scope 3 emissions. This data highlights the bank's ongoing commitment to monitoring and managing its carbon footprint. Comparatively, in 2020, the bank's Scope 1 emissions were significantly higher at about 53,069,000 kg CO2e, indicating a substantial reduction in direct emissions over the years. However, there is no available data for the years 2021 and 2022, which limits the ability to assess trends during that period. Mutual Trust Bank PLC has not set specific reduction targets or initiatives as part of the Science Based Targets initiative (SBTi) or other climate pledges. The absence of documented reduction targets suggests that while the bank is actively reporting its emissions, it may not yet have formalised a comprehensive strategy for future reductions. Overall, the bank's emissions data reflects a positive trend in reducing Scope 1 emissions, but further commitments and initiatives would enhance its climate action profile.
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| 2020 | 2023 | |
|---|---|---|
| Scope 1 | 53,069,000 | 0,000,000 |
| Scope 2 | - | 000,000 |
| Scope 3 | - | 000,000 |
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.
MUTUAL TRUST BANK PLC 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.
