RHB Bank Sustainability Profile
RHB Bank Berhad, commonly known as RHB Bank, is a prominent financial institution headquartered in Malaysia. Established in 1997, RHB Bank has grown to become one of the largest banks in the region, with a strong presence in Southeast Asia, particularly in Malaysia, Singapore, and Indonesia. Operating within the banking and financial services industry, RHB Bank offers a comprehensive range of products and services, including retail banking, corporate banking, investment banking, and Islamic banking. Its commitment to innovation and customer-centric solutions sets it apart in a competitive market. With a focus on sustainable growth, RHB Bank has achieved notable milestones, including recognition for its digital banking initiatives and strong financial performance. As a trusted financial partner, RHB Bank continues to enhance its market position through strategic expansions and a diverse portfolio tailored to meet the evolving needs of its customers.
DitchCarbon Score
How does RHB Bank'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
RHB Bank's score of 61 is higher than 78% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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RHB Bank's reported carbon emissions
In 2024, RHB Bank reported total carbon emissions of approximately 25,745,000 kg CO2e, with emissions distributed across various scopes: 402,000 kg CO2e (Scope 1), 22,926,000 kg CO2e (Scope 2), and 2,417,000 kg CO2e (Scope 3). This represents a slight increase from 2023, when the bank's emissions were about 24,580,000 kg CO2e, comprising 193,000 kg CO2e (Scope 1), 2,389,000 kg CO2e (Scope 2), and 2,288,000 kg CO2e (Scope 3). RHB Bank has set ambitious climate commitments, aiming for carbon-neutral operations by 2030, which encompasses all scopes of emissions, including Scope 1, Scope 2, and Scope 3 emissions related to business travel. Furthermore, the bank is developing a pathway to achieve net-zero emissions by 2050. These targets reflect a proactive approach to climate action, aligning with industry standards for sustainability and emissions reduction. The bank's emissions data is independently reported and not cascaded from any parent organization, ensuring transparency in its sustainability efforts. RHB Bank's commitment to reducing its carbon footprint is evident in its strategic initiatives and ongoing monitoring of emissions across all operational scopes.
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| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 104,000 | 000,000 | 000,000 | 000,000 | 000,000 | 00,000 | 000,000 | 000,000 | 000,000 |
| Scope 2 | 40,891,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | 45,464,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 0,000 | 0,000,000 | 0,000,000 | 0,000,000 |
How Carbon Intensive is RHB Bank's Industry?
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RHB Bank'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.
RHB Bank 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.
