RHB Bank

RHB Bank, headquartered in Malaysia, is a financial services provider operating in the financial intermediation services sector. The bank has outlined ambitious climate commitments and provided emissions data for several years.

For the reporting year 2024, RHB Bank reported total greenhouse gas (GHG) emissions of approximately 25.7 billion kg CO2e. This figure includes Scope 1 emissions of approximately 24.3 billion kg CO2e, Scope 2 emissions of approximately 22.9 billion kg CO2e, and Scope 3 emissions of approximately 2.4 billion kg CO2e.

In the previous year, 2023, total emissions were approximately 27.2 billion kg CO2e, comprising Scope 1 emissions of about 0.4 billion kg CO2e, Scope 2 emissions of approximately 24.3 billion kg CO2e, and Scope 3 emissions of around 2.4 billion kg CO2e.

RHB Bank has established clear targets for reducing its environmental impact. The bank aims to achieve carbon-neutral operations by 2030 and has set a pathway to net zero by 2050. More specifically, RHB aims for a 45% reduction in operational GHG emissions by 2026 and to achieve carbon-neutral operations by 2030, utilising both internal initiatives and carbon offsets. This carbon neutrality target by 2030 encompasses Scope 1, Scope 2, and specific Scope 3 emissions (business travel by road and air).

The bank's sustainability reports provide valuable insights into its environmental performance, with emissions data disclosed for Scopes 1, 2