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 26 is higher than 70% of the industry. This can give you a sense of how well the company is doing compared to its peers.
MUTUAL TRUST BANK PLC's reported carbon emissions
In 2022, Mutual Trust Bank PLC reported carbon emissions of approximately 5,421,000 kg CO2e, a significant reduction from about 14,433,000 kg CO2e in 2021. The emissions were solely from Scope 1, with no reported emissions from Scope 2 or Scope 3. This reduction reflects a commitment to improving their environmental impact, although specific reduction targets or initiatives have not been disclosed. For 2023, emissions data is currently unavailable, indicating a potential gap in reporting or ongoing efforts to enhance sustainability practices. The bank's revenue for 2022 was approximately USD 114,851,765, and for 2023, it was about USD 118,566,555, suggesting a growing business alongside their emissions management efforts. Mutual Trust Bank PLC has not established specific science-based targets or climate pledges, which may limit their accountability in addressing climate change. However, the notable decrease in emissions from 2021 to 2022 demonstrates a positive trend towards reducing their carbon footprint.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
| 2021 | 2022 | |
|---|---|---|
| Scope 1 | 14,433,000 | 0,000,000 |
| Scope 2 | - | - |
| 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.
MUTUAL TRUST BANK PLC is not committed to any reduction initiatives 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.
