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 60% 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, which includes direct emissions from owned or controlled sources. Additionally, the bank's Scope 2 emissions, primarily from purchased electricity, amounted to about 368,000 kg CO2e. Scope 3 emissions, which cover indirect emissions not included in Scope 2, were reported at approximately 198,000 kg CO2e. 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, no emissions data was disclosed for the years 2019 and 2022. Mutual Trust Bank PLC has not set specific reduction targets or initiatives under the Science Based Targets initiative (SBTi) or other climate pledges, indicating a potential area for future commitment. The bank's emissions data is not cascaded from any parent organization, and all reported figures are derived directly from its own disclosures. Overall, while the bank has made notable progress in reducing its Scope 1 emissions, further commitments and transparency regarding its climate strategy could enhance its sustainability 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.
