Public Bank Group Sustainability Profile

In 2024, Public Bank Group reported total carbon emissions of approximately 10,036,400 kg CO2e, with Scope 1 emissions at about 3,964,000 kg CO2e, Scope 2 emissions at approximately 65,992,000 kg CO2e, and Scope 3 emissions reaching about 808,116,400 kg CO2e. The Scope 3 emissions included significant contributions from business travel (about 1,939,000 kg CO2e) and employee commuting (approximately 25,872,000 kg CO2e). For 2023, the Group's total emissions were reported at about 9,607,100 kg CO2e, with Scope 1 emissions at approximately 2,891,000 kg CO2e, Scope 2 emissions at around 62,793,000 kg CO2e, and Scope 3 emissions at about 777,830,600 kg CO2e. Notably, the Scope 2 emissions for the Malaysian region alone were approximately 55,611,000 kg CO2e. Public Bank Group has not disclosed specific reduction targets or initiatives as part of their climate commitments. However, they are actively involved in carbon accounting and reporting, inheriting data from their parent company, Public Bank Berhad. The emissions data reflects their ongoing efforts to monitor and manage their carbon footprint, although no specific science-based targets (SBTi) or reduction initiatives have been outlined. Overall, Public Bank Group's emissions profile indicates a significant reliance on Scope 3 emissions, highlighting the importance of addressing indirect emissions in their climate strategy.