Public Bank Group
Public Bank Group, officially known as Public Bank Berhad, is a leading financial institution headquartered in Malaysia. Established in 1966, the bank has grown to become a prominent player in the banking and financial services industry, with a strong presence across Southeast Asia, particularly in Malaysia, Vietnam, and Cambodia. The bank offers a comprehensive range of services, including retail banking, corporate banking, and investment banking, distinguished by its commitment to customer service and innovative financial solutions. Public Bank Group is renowned for its prudent management and consistent profitability, securing its position as one of the largest banks in Malaysia by market capitalisation. With a focus on sustainable growth and community development, Public Bank continues to achieve notable milestones, reinforcing its reputation as a trusted financial partner in the region.
DitchCarbon Score
How does Public Bank Group'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 Group's score of 38 is higher than 89% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Public Bank Group's reported carbon emissions
In 2023, Public Bank Group reported total carbon emissions of approximately 64,063,000 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. Notably, the Scope 1 emissions included 707,000 kg CO2e from mobile combustion and 2,118,000 kg CO2e from fugitive emissions. The Scope 2 emissions were entirely location-based. In 2022, the Group's emissions were approximately 61,211,000 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 Scope 1 emissions included 689,000 kg CO2e from mobile combustion and 1,681,000 kg CO2e from fugitive emissions. For 2021, the total emissions were about 62,318,000 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 Group has not disclosed specific reduction targets or initiatives as part of their climate commitments. The absence of documented reduction targets suggests a need for further transparency in their sustainability efforts. The Group's emissions intensity metrics indicate a focus on improving efficiency, with emissions intensity by revenue reported at 0.033 kg CO2e per RM billion in 2023. Overall, while Public Bank Group has made strides in tracking and reporting emissions, the lack of defined reduction targets highlights an area for potential growth in their climate strategy.
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| 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 Group 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.
