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 40 is higher than 61% 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 previous year, 2023, saw total emissions of around 9,607,100 kg CO2e, with Scope 1 at about 2,891,000 kg CO2e, Scope 2 at approximately 62,793,000 kg CO2e, and Scope 3 at about 777,830,600 kg CO2e. Public Bank Group has not disclosed specific reduction targets or initiatives, and there are no SBTi (Science Based Targets initiative) reduction targets reported. The emissions data is not cascaded from a parent company, indicating that the figures are independently reported by Public Bank Berhad. The bank's emissions intensity metrics include various sectors, such as a palm oil emission intensity of about 1,530 kg CO2e per tonne and a cement emission intensity of approximately 460 kg CO2e per tonne, reflecting its financing activities in these industries. Overall, while Public Bank Group has made strides in reporting its emissions across all three scopes, it currently lacks defined reduction commitments or initiatives to mitigate its carbon footprint.
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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 |
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.
