Public Bank Group Sustainability Profile
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 40 is higher 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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Public Bank Group's reported carbon emissions
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.
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| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Scope 1 | 533,750 | 000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 27,063,330 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | 1,698,040 | 0,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
How Carbon Intensive is Public Bank Group's Industry?
How Carbon Intensive is Public Bank Group's Location?
Public Bank Group's Scope 3 Categories Breakdown
Public Bank Group's Scope 3 emissions, which increased by 4% last year and increased significantly since 2020, demonstrating supply chain emissions tracking. The vast majority of their carbon footprint comes from suppliers and value chain emissions, representing the vast majority of total emissions under the GHG Protocol, with "Employee Commuting" being the largest emissions source at 3% of Scope 3 emissions.
Top Scope 3 Categories
Public Bank Group's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Public Bank Group has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
