Climate Change Data

Malayan Banking Berhad

Climate Impact & Sustainability Data (2022)

Reporting Period: 2022

Environmental Metrics

Total Carbon Emissions:62,311 tCO2e/year
Scope 1 Emissions:10,111 tCO2e/year
Scope 2 Emissions:13,313 tCO2e/year
Scope 3 Emissions:38,887 tCO2e/year
Renewable Energy Share:70% (Malaysia)
Water Consumption:786,281 m3/year
Waste Generated:199,661 tons/year

ESG Focus Areas

  • Climate Change
  • Empowering Communities
  • Good Governance

Environmental Achievements

  • Reduced an equivalent of 53,771 tCO2e from FY2019 baseline
  • Reduced 41% of Scope 1 and 2 emissions (against 2019 baseline)

Social Achievements

  • More than 360,000 ASEAN households impacted through community initiatives
  • R.I.S.E. Programme trained more than 9,000 participants in 2022

Governance Achievements

  • First bank in Malaysia to establish a Sustainable Product Framework
  • Established Scope 3 Financed Emissions Baseline

Climate Goals & Targets

Long-term Goals:
  • Net Zero Carbon equivalent position by 2050
  • Mobilising RM80 billion in Sustainable Finance by 2025
  • Improving the lives of two million households across ASEAN by 2025
Medium-term Goals:
  • Carbon neutral position of our own emissions by 2030

Environmental Challenges

  • Data limitations related to a lack of granular and sub-sector customer data availability for financed emissions calculation.
Mitigation Strategies
  • Continuously refine financed emissions estimates as calculation methodologies and data are enhanced.
  • Improve processes in gathering actual emissions data from customers and investees.

Supply Chain Management

Responsible Procurement
  • Supplier Code of Conduct
  • Supplier ESG Assessment Questionnaire

Climate-Related Risks & Opportunities

Physical Risks
  • Extreme weather events
  • Chronic weather patterns
Transition Risks
  • Technology advances
  • Policy changes
  • Consumer preferences
Opportunities
  • Transition finance
  • Renewable energy
  • Carbon credit producing projects
  • Food security & sustainable farming
  • Electric vehicles

Reporting Standards

Frameworks Used: GRI Sustainability Reporting Standards, TCFD, UN SDGs

Third-party Assurance: SIRIM QAS International Sdn. Bhd., PricewaterhouseCoopers PLT

UN Sustainable Development Goals

  • 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 15, 16, 17

Initiatives contribute to these goals as detailed on pages 22-23.

Sustainable Products & Innovation

  • Green loans, green bonds, sustainability-linked loans, sukuk, microfinance, sustainable supply chain finance

Awards & Recognition

  • FTSE4Good 4-star rating
  • MSCI ESG Ratings AA
  • Bloomberg Gender Equality Index
  • Numerous sustainability awards listed on page 7