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 26 is lower than 57% 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 2022, Mutual Trust Bank PLC reported total emissions of approximately 5,000,000 kg CO2e, comprising 4,907,000 kg CO2e from Scope 1, 360,000 kg CO2e from Scope 2, and 154,000 kg CO2e from Scope 3 emissions. This data reflects a significant reduction from 2021, where total emissions were approximately 14,000,000 kg CO2e, with Scope 1 emissions alone at 13,990,000 kg CO2e. Despite the absence of emissions data for 2023, the bank has not disclosed any specific reduction targets or climate pledges. The lack of comprehensive emissions reporting in recent years suggests a need for enhanced transparency and commitment to climate action. Mutual Trust Bank PLC's emissions data is not cascaded from any parent organization, indicating that the figures are independently reported. The bank's commitment to sustainability and climate responsibility remains a critical area for future development, particularly in establishing measurable reduction targets aligned with industry standards.
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| 2020 | 2021 | 2022 | |
|---|---|---|---|
| Scope 1 | 53,069,000 | 00,000,000,000 | 0,000,000,000 |
| Scope 2 | - | 000,000,000 | 000,000,000 |
| Scope 3 | - | 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.
