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 88% 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 significant carbon emissions, with a total of approximately 64,063,000 kg CO2e from Scope 1 and Scope 2 emissions globally. This includes about 2,891,000 kg CO2e from Scope 1 emissions, which comprise mobile combustion and fugitive emissions, and approximately 61,172,000 kg CO2e from Scope 2 emissions, calculated on a location-based method. In Malaysia, the bank's Scope 2 emissions were reported at about 55,611,000 kg CO2e. The bank has not disclosed any Scope 3 emissions data for Malaysia, but globally, Scope 3 emissions totalled approximately 23,160,000 kg CO2e, primarily from employee commuting and business travel. Despite the substantial emissions figures, Public Bank Group has not set specific reduction targets or initiatives as part of their climate commitments. The absence of documented reduction targets suggests a need for further development in their sustainability strategy. Overall, the bank's emissions data highlights the importance of ongoing efforts to address climate impact and improve environmental performance.
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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.
