Public Bank
Public Bank Berhad, commonly known as Public Bank, is a leading financial institution headquartered in Malaysia. Established in 1966, the bank has grown to become one of the largest banks in the country, with a strong presence in retail banking, commercial banking, and investment services. Public Bank is renowned for its core offerings, which include personal loans, mortgages, and a comprehensive range of financial products tailored to meet the diverse needs of its customers. The bank's commitment to customer service and innovative solutions has positioned it as a trusted choice in the Malaysian banking sector. With a robust market position, Public Bank has consistently achieved notable milestones, including recognition for its financial stability and profitability. Its strategic focus on sustainable growth and community engagement further solidifies its reputation as a key player in the Malaysian financial landscape.
DitchCarbon Score
How does Public Bank'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
Public Bank's score of 36 is higher than 83% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Public Bank's reported carbon emissions
In 2023, Public Bank reported total carbon emissions of approximately 61,172,000 kg CO2e, comprising 2,891,000 kg CO2e from Scope 1, 61,172,000 kg CO2e from Scope 2, and 23,160,000 kg CO2e from Scope 3 emissions. This represents a slight decrease in Scope 1 emissions compared to 2022, where they were about 2,460,000 kg CO2e. In 2022, the bank's total emissions were approximately 89,907,000 kg CO2e, with Scope 1 emissions at 2,460,000 kg CO2e, Scope 2 at 61,211,000 kg CO2e, and Scope 3 at 26,236,000 kg CO2e. The emissions from business travel and employee commuting were significant contributors to Scope 3 emissions. For 2021, Public Bank's total emissions were around 62,910,000 kg CO2e, with Scope 1 emissions at 551,000 kg CO2e, Scope 2 at 61,318,000 kg CO2e, and Scope 3 at 1,041,000 kg CO2e. Despite these figures, Public Bank has not publicly committed to specific reduction targets or initiatives under the Science Based Targets initiative (SBTi) or other climate pledges. The bank's emissions intensity metrics indicate a focus on improving efficiency, with emissions intensity by employee reported at 4,400 kg CO2e in 2023. Overall, while Public Bank has shown some fluctuations in emissions, the absence of formal reduction targets suggests a need for enhanced climate commitments moving forward.
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Add to project| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Scope 1 | 533,750 | 000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 27,063,330 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | 1,698,040 | 0,000,000 | 00,000,000 | 00,000,000 |
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.
Public Bank 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.
