Maybank updates net-zero pledge


PETALING JAYA: Malayan Banking Bhd has unveiled an updated version of its net-zero white paper series titled “Banking on a better tomorrow: Our commitment to net-zero”, first published in May 2024.

The latest version, unveiled last month, expanded Maybank’s decarbonisation roadmap to include two additional key sectors: automotive and commercial real estate, outlining its science-based interim targets and decarbonisation strategies.

The update built on the white paper’s initial focus on the power and palm oil sectors, as well as its November 2024 expansion into steel and aluminium, solidified its leadership in aligning its operations with the net-zero banking alliance goals.

President and group chief executive officer Datuk Khairussaleh Ramli said the expansion of decarbonisation strategies in automotive and commercial real estate, remained the most challenging yet crucial aspect of Maybank’s net-zero journey.

PETALING JAYA: Malayan Banking Bhd has unveiled an updated version of its net-zero white paper series titled “Banking on a better tomorrow: Our commitment to net-zero”, first published in May 2024.

The latest version, unveiled last month, expanded Maybank’s decarbonisation roadmap to include two additional key sectors: automotive and commercial real estate, outlining its science-based interim targets and decarbonisation strategies.

The update built on the white paper’s initial focus on the power and palm oil sectors, as well as its November 2024 expansion into steel and aluminium, solidified its leadership in aligning its operations with the net-zero banking alliance goals.

President and group chief executive officer Datuk Khairussaleh Ramli said the expansion of decarbonisation strategies in automotive and commercial real estate, remained the most challenging yet crucial aspect of Maybank’s net-zero journey.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Maybank , net-zero , carbon , emissions , sustainability , ESG

Next In Business News

Banks still well-buffered despite cooling deposits
Malaysia-US trade ties stay strong
Gaming machine demand to bolster RGB earnings
Foreign luxury apparel brands see China sales surge
Vincent Tan cuts Berjaya stake worth RM115mil
Indonesia tourism growth driven by foreign visitors
AirAsia X resolves Philippine airport dispute
Malaysia Airports maps out RM11bil capex
Tariff risks push Vietnam to post record deficit
Data centres generate wider economic spillovers

Others Also Read