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 41 is higher than 90% 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. This figure includes Scope 1 emissions of about 2,659,000 kg CO2e, primarily from stationary combustion, and Scope 2 emissions of approximately 161,054,000 kg CO2e, mainly from purchased electricity. Additionally, Scope 3 emissions were reported at around 1,854,000 kg CO2e, largely attributed to business travel. In 2022, the bank's total emissions were about 187,594,000 kg CO2e, indicating a reduction in emissions over the year. The breakdown for 2022 included Scope 1 emissions of approximately 2,894,000 kg CO2e, Scope 2 emissions of about 184,700,000 kg CO2e, and Scope 3 emissions of around 2,286,000 kg CO2e. RHB Bank has not disclosed specific reduction targets or initiatives under the Science Based Targets initiative (SBTi) or other climate pledges. However, the bank's commitment to sustainability is evident in its ongoing efforts to monitor and report its carbon footprint, aligning with industry standards for transparency and accountability in climate action.
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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.
