RHB Bank
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 47 is higher than 91% 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 2023, RHB Bank reported total carbon emissions of approximately 163,713,000 kg CO2e globally, with significant contributions from Scope 2 emissions at about 161,054,000 kg CO2e. Scope 1 emissions accounted for approximately 2,659,000 kg CO2e, while Scope 3 emissions were about 1,854,000 kg CO2e, primarily driven by business travel. In Malaysia, RHB Bank's emissions for the same year totalled around 24,580,000 kg CO2e, with Scope 2 emissions being the largest share at approximately 22,099,000 kg CO2e. Scope 1 emissions were about 193,000 kg CO2e, and Scope 3 emissions reached approximately 2,288,000 kg CO2e. RHB Bank has set ambitious climate commitments, aiming for carbon neutrality across all operations by 2030, which includes Scope 1, Scope 2, and Scope 3 emissions related to business travel. Furthermore, the bank is targeting net-zero emissions by 2050 for both Scope 1 and Scope 2 emissions. These initiatives reflect RHB Bank's commitment to sustainability and reducing its carbon footprint in alignment with global climate goals.
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| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|
| Scope 1 | 104,000 | 000,000 | 000,000 | 000,000 | 000,000 | 00,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 40,891,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 000,000,000 | 000,000,000 |
| Scope 3 | 2,235,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
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.
RHB Bank 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.
