Scope 3 Financed Emissions Analysis Highlights

We completed our inaugural Scope 3 financed emissions baseline in July 2022. In the same month, we are among 4 Banks in Malaysia to commit to the Partnership for Carbon Accounting Financial (PCAF) to measure and disclose greenhouse gas emissions associated with our financing portfolio.

PCAF is a global partnership of financial institutions that work together to develop and implement a harmonized approach to assess and disclose the greenhouse gas (GHG) emissions associated with financing and investments.

Financed Emissions of Our Top 4 Sectors

Utilities

Agriculture

Industrial

Energy

Governance Structure for Scope 3 Financed Emissions

Corporate Strategy Division

Approve Scope 3 financed emissions calculations and disclosure for recommendation to the BRMCC

Chief Executive Officer

I

Chief Strategy Officer

C

Head of Sustainability

R A

• Administrates financed emissions calculations and reporting
• Keep up-to-date on the latest financed emissions development e.g., PCAF revisions
• Communicate latest developments to working departments
• Provide recommendations for data collection to improve data quality
• Identify gaps in collected financed emissions data and verify with respective departments
• Conduct scope 3 financed emissions calculations
• Report on observed trends and propose action items for high emitting sectors
• Assist the risk department and business units in developing reasonable and viable transition pathways to improve the bank's financial portfolio

Other working Departments

Data collection

Finance Division

R A

• Provide and substantiate data collected from branches and business divisions

Business Functions

R

• Provide and clarify additional financial and emissions data required for financed emissions calculations

Sustainability Department

R A

• Provide oversight on financed emissions data collection and calculations
• Develop and monitor financed emissions targets and KPI

Results assessment

Risk Management Division

R A

• Validate scope 3 financed emissions results
• Analyse risk and opportunities based on identified trends