Sustainability
MBSB’s sustainability pursuit are driven by our long-term ambition to embed ethical, responsible, and inclusive practices across our operations and interactions with key stakeholder groups, in alignment with our strategic priorities and guided by the principles of Amanah and Adab.
Integration between Sustainability Department and the Shariah Division, forming the Shariah and Sustainability Division
Operationalised the Sustainable & Transition Finance Framework
Catalysed RM4.7 Billion in Sustainable & Transition Financing (47% of 2026 target)
Achieved a 12% reduction in Energy Usage at Menara MBSB Bank
Published Scope 3 Financed Emissions with intensity of 24.13 tCO2e/RM million
Logged 6,023 volunteer hours, total 10,527 volunteer hours for 2023 and 2024 (21% of 2023 target)
Invested RM9 million in training, achieving over 90,000 hours
Digitised operations, cutting paper use by 41%
Established Net Zero Strategy with targets:
Issued second reNIKOLA ASEAN Green SRI Sukuk to finance solar projects
Conducted Climate Risk Management & Scenario Analysis (CRMSA)
Developed Climate Risk Framework and Net Zero Sector Models
Recorded Scope 3 Emissions (Employee Commuting & Business Travel)
Established a stand-alone Sustainability Department under Corporate Strategy
Issued World's First Sustainability Sukuk Programme by an Islamic Bank, worth RM5 billion
Signatory to the Partnership for Carbon Accounting Financials (PCAF) as our commitment to achieve net zero by 2050
Developed our Sustainability Governance Mechanism
Established our Scope 3 Financed Emissions Baseline for all six asset classes under PCAF
Aligned to Task Force on Climate-Related Financial Disclosures (TCFD) Reporting
Developed our Sustainability Framework which serves as a roadmap of MBSB’s Sustainability Strategy
Established our Sustainability Working Group
Established our ESG Risk Framework for Corporate Financing and Sukuk Issuers, which incorporates social and environmental considerations in our corporate financing and sukuk issuance
Published our inaugural Integrated Annual Report
Conducted limited assurance for the following:
Achieved Gold certification in Leadership in Energy and Environmental Design (LEED) by the US Green Building Council for MBSB Bank’s corporate headquarters in PJ Sentral
Adopted International Integrated Reporting Council’s Framework i.e. the Value Creation Model and six capitals
Adopted the Global Reporting Initiative (GRI) Standards and F4GBM
Published our inaugural Sustainability Report
