- Imperfect data quality in Scope 3 emissions measurement
- Heightened expectation for financial institutions to accelerate their decarbonisation efforts
- Heightened interest from various stakeholders on how financial institutions strengthen their data privacy and cybersecurity while pursuing digital advancements
- Potential risks like data loss or operational interruptions due to significant volume of confidential data handled
Malaysia Building Society Berhad (MBSB)
Greenhouse gas emissions & sustainability report data
In its 2023 reporting, Malaysia Building Society Berhad (MBSB) disclosed greenhouse gas emissions of 9.5K tCO2e. By scope: Scope 1: 24 tCO2e; Scope 2: 5.5K tCO2e; Scope 3: 4.0K tCO2e. Figures are as stated in the company's own report and may use different boundaries, units or methods (for example market-based vs location-based Scope 2), so compare with care.
GHG Emissions
9.5K tCO2e
2023
Water Usage
72.870 Megalitres
2023
Waste
39.991 Metric tonnes
2023
Energy Use
7.5K MWh
2023
📊 Emissions by Scope (2023)
| Scope | What it covers | Reported value |
|---|---|---|
| Scope 1 | Direct emissions from sources the company owns or controls (fuel combustion, company vehicles, process and fugitive emissions). | 24 tCO2e |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 5.5K tCO2e |
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | 4.0K tCO2e |
New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.
✅ Reported Environmental Achievements
- 51% reduction of customer complaints
- Initiated reporting of Scope 3 (business travel and employee commuting category) for MBSB Bank
- Implemented energy-saving initiatives which include the installation of inverter air-conditioners and LED lighting at 30 of our renovated branches
- Expanded existing water-saving initiatives, specifically on the instalment of dual-flush systems at 13 branches and self-closing taps at 19 branches
- Achieved 100% e-statement adoption among our financing customers
- Recycled 21.36 metric tons of paper
🎯 Climate & Sustainability Targets
🔜 Short-term
- Extend water-saving efforts to all branches by 2025
- Implement LED lighting installation at Menara MBSB in 2024
📅 Medium-term
- Reduce overall emissions by 27% by 2030
- Scope 3 financed emission reduction of 28% for 2030
🔭 Long-term
- Reduce overall emissions by 96% by 2050
- reduction of 96% for 2050 from baseline in 2022
🌱 ESG Focus Areas
Economic PerformanceCustomer Experience and SatisfactionInnovation and TechnologyData Privacy and CybersecuritySustainable FinancingEnvironmental StewardshipSustainable ProcurementServing the CommunitiesEthics and IntegrityCompetent WorkforceEmployee Health and WellbeingDiversity and Equal Opportunity