PETALING JAYA: Malayan Banking Bhd
(Maybank) has released 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 in February 2025, expands Maybank’s decarbonisation roadmap to include two additional key sectors: Automotive and Commercial Real Estate, outlining Maybank’s science-based interim targets and decarbonisation strategies.
Maybank said the update builds 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, further solidifying Maybank’s leadership in aligning its operations with the net zero banking alliance goals and supporting its clients in their transition journey.
Maybank president and group chief executive officer Datuk Khairussaleh Ramli said the expansion of decarbonisation strategies in Automotive and Commercial Real Estate, remains the most challenging yet crucial aspect of Maybank’s net zero journey.
“The white paper now addresses six hard-to-abate sectors, providing a holistic approach to decarbonisation.
This expansion reinforces our long-term commitment to reducing emissions in critical industries, driving meaningful climate actions across high-emitting sectors, vital for achieving our net zero goals,” he said.
In December 2023, Maybank set its baseline financed emissions intensity for the automotive portfolio at 138 gCO2/vkm, which is 15% below the International Energy Agency’s Net Zero Emissions passenger cars pathway of 162 gCO2/vkm.
“This demonstrates the significant strides Maybank and its clients have taken toward reducing emissions. This is also attributed to the fact that passenger cars in Maybank’s portfolio are, on average, newer and equipped with more efficient engines compared to the global average.”
