Maybank to have financed emissions baseline

KUALA LUMPUR: Malayan Banking Bhd (Maybank) has become the first bank in Malaysia to establish a Scope 3 financed emissions baseline, identifiying a transition strategy that will shape its future business portfolio.

This brings the bank a step closer to its target of a net-zero carbon position by 2050 as it begins to chart out its financed emissions reduction targets against timelines, the bank said in a statement.