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MaybankMalaysia

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This profile is actively maintained
Last update: 2023-06-16 12:45:31
Maybank's head office in Kuala Lumpur. Photo: Christian Junker via Flickr (CC BY NC ND 2.0)

Active

This profile is actively maintained
Last update: 2023-06-16 12:45:31
About
Website http://www.maybank.com
Headquarters
Malayan Banking Berhad Level 14, Menara Maybank 100 Jalan Tun Perak
50050 Kuala Lumpur
Malaysia
CEO/chair Dato’ Khairussaleh Ramli
CEO
Supervisor
Central Bank of Malaysia
Ownership
listed on Bursa Malaysia

Maybank's largest shareholder is Permodalan Nasional Berhad (32.0%), a large Malaysian fund management firm. The bank's complete shareholder structure can be accessed here.

Maybank (Malayan Banking Berhad), founded in 1960, is the largest provider of financial services in Malaysia and has major operations throughout Sout East Asia. The bank provides services such as insurance, asset management, stock broking, nominee services, venture capital, leasing, and Internet banking.

Sustainability
Commitments
Policies
Voluntary standards

Maybank's most important sustainability commitments can be found at the website sections listed below.

Links

Sustainability

Maybank's webpage on corporate social responsibility can be accessed here.

Position statements on: Palm Oil, Forestry & Logging, Construction & Real Estate, Power, Oil & Gas and Mining & Quarrying

Date listed represents date as accessed on website
Bank policy
2023-06-16 00:00:00 | Maybank

Sustainability framework

Bank policy
2022-02-14 00:00:00 | Maybank

Sustainability statement

Bank policy
2019-03-11 00:00:00 | Maybank

ESG Commitment

Bank policy
2018-03-28 00:00:00 | Maybank

Code of ethics & conduct

Bank policy
2017-07-11 00:00:00 | Maybank Group
Maybank has committed itself to the following voluntary standards:
Business for Social ResponsibilityTags: corporate social responsibility
Carbon Disclosure ProjectTags: carbon | climate change | greenhouse gas emissions
Global Reporting InitiativeTags: sustainable development | human rights
Indonesia Sustainable Finance InitiativeTags: corporate social responsibility
UNEP Finance InitiativeTags: United Nations | sustainable development
Dodgy Deals

Maybank is linked to a number of companies and projects that BankTrack considers controversial (so called Dodgy Deals), e.g. as a current or past financier or through an expression of interest. The profiles below provide more details on the nature of Maybank's link to these deals.

Projects / Companies
Finance type
Year
Campaigns

Banks and Climate

Partner organisation Reclaim Finance tracks the coal, oil and gas policies of financial institutions, including banks, in their Coal Policy Tool (CPT) and the Oil and Gas Policy Tracker (OGPT). BankTrack works closely with Reclaim Finance and endorses their policy assessments. Find further details on their assessment of Maybank’s fossil fuel policy below.

Assessment of Maybank's coal policy in the Coal Policy Tool

Banks and Human Rights

BankTrack assessed Maybank in its 2022 Human Rights Benchmark Asia, where it achieved 1 point out of 14 and was ranked as a 'laggard'. More information is detailed in the "Accountability" section of this profile.

The BankTrack Human Rights Benchmark

Human Rights Benchmark Asia 2022

BankLast update
Country
Score
Ranking
Details
Maybank
MYS
1
Laggard
Explanation
Laggard
Follower
Front runner
Leader
0 - 3 points
3.5 - 6 points
6.5 - 9 points
9.5 - 14 points
For more details see this page.
News
BankTrack
Partners
Blog
External
Blog
BankTrack news BankTrack blog Partner news Partner blog

Global bank policies ‘dangerously inadequate’ to prevent financing of deforestation, climate chaos and human rights abuses

As the climate and biodiversity crisis intensifies, credit to forest-risk commodity companies increased 160% between 2020 and 2021.
2022-10-18 | Forests & Finance Coalition
Blog
BankTrack news BankTrack blog Partner news Partner blog

Asian banks falling behind in implementation of UN Human Rights Principles, new BankTrack benchmark shows

New benchmark of 18 Asian banks shows human rights performance below the global average
2022-04-05 | Nijmegen | BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

Household brands and global financiers including BlackRock linked to clearance of tropical rainforest, human rights abuses in Papua New Guinea

Undercover investigation reveals tainted palm oil has been sold on to household brands including Kellogg’s, Nestlé, and The Hershey Company.
2021-10-07 | Global Witness
Blog
BankTrack news BankTrack blog Partner news Partner blog

World’s 50 largest banks and investors driving deforestation through weak policies and major investments, new study finds

Top investors BlackRock, Vanguard, State Street, PNB, EPF, GPIF, and KWAP all amongst lowest scoring
2021-06-08 | Forests & Finance
Blog
BankTrack news BankTrack blog Partner news Partner blog

Banks called upon to take action to protect biodiversity ahead of UN Biodiversity Conference in Kunming

Civil society organizations urge banks to adopt stringent “No Go” policy for biodiversity rich areas
2021-05-26 | Nijmegen | BankTrack
BankTrack news BankTrack blog Partner news Partner blog

Malaysia's Maybank to stop financing new coal activities

2021-05-06 | Reuters
Blog
BankTrack news BankTrack blog Partner news Partner blog

Major banks complicit in financing Indonesia’s illegal fire and haze crisis: report

2019-12-10 | Jikalahari, Profundo, Rainforest Action Network, WALHI
BankTrack news BankTrack blog Partner news Partner blog

Indofood: the perfect microcosm of how the financial system is still part of the problem

2018-05-31 | RAN
Blog
BankTrack news BankTrack blog Partner news Partner blog

Maybank: the single largest palm oil financier

Report by TuK and Profundo finds that several RSPO banks, like HSBC and UBS, invest heavily in Maybank.
2018-02-28 | Jakarta
Blog
BankTrack news BankTrack blog Partner news Partner blog

The Chain: Paradise Papers Links APRIL’s Tax Avoidance to Deforestation and Banks, Could Impact USD 500 Million Loan

2017-11-16 | Chain Reaction Research
Blog
BankTrack news BankTrack blog Partner news Partner blog

New report: Towards responsible and inclusive financing of the palm oil sector

2017-11-15 | Center for International Forestry Research (CIFOR), Profundo
Resources
Documents
Links

Position statements on: Palm Oil, Forestry & Logging, Construction & Real Estate, Power, Oil & Gas and Mining & Quarrying

Date listed represents date as accessed on website
Bank policy
2023-06-16 00:00:00 | Maybank

Annual report 2022

Annual report
2023-06-16 00:00:00 | Maybank

CSR report 2022

Annual report
2023-06-16 00:00:00 | Maybank

Annual report 2021

Annual report
2022-07-14 00:00:00 | Maybank

CSR report 2021

Annual report
2022-07-14 00:00:00 | Maybank

Sustainability framework

Bank policy
2022-02-14 00:00:00 | Maybank

Annual report 2020

Annual report
2021-07-27 00:00:00 | Maybank

CSR Report 2020

Annual report
2021-07-27 00:00:00 | Maybank

Asian Banks Continue to Finance the Palm Oil Refining Sector as Leakage Declines

NGO document
2021-06-28 00:00:00 | Chain Reaction Research

Forests & Finance 2021 Briefing - Is Your Money Destroying Rainforests or Violating Rights?

NGO document
2021-06-23 00:00:00 | Forests and Finance

Annual report 2019

Annual report
2020-08-25 00:00:00 | Maybank

CSR report 2019

Annual report
2020-08-25 00:00:00 | Maybank

20/20 Sustainability plan

Date listed represents date as accessed on website
Bank document
2020-08-25 00:00:00 | Maybank

Sustainability statement

Bank policy
2019-03-11 00:00:00 | Maybank

ESG Commitment

Bank policy
2018-03-28 00:00:00 | Maybank

Maybank - the single largest palm oil financier

NGO document
2018-02-28 00:00:00 | TuK Indonesia / Profundo

Code of ethics & conduct

Bank policy
2017-07-11 00:00:00 | Maybank Group

Protecting the Leuser Ecosystem

A Shared Responsibility
NGO document
2016-11-07 00:00:00 | Rainforest Action Network

Tycoon-controlled oil palm groups in Indonesia - Executive Summary

NGO document
2015-02-16 00:00:00 | TuK, Profundo
Accountability
Grievances

Maybank does not operate a complaints or grievances channel for individuals or communities that might have been affected by the bank's finance.

This page evaluates Maybank's responses to instances of alleged human rights violations linked to its finance, raised by civil society organisations. It is not intended to be exhaustive, but covers selected impacts raised by BankTrack and other civil society partners since 2016. For the full scoring methodology, see here. For more information about BankTrack's evaluation of bank responses to human rights impacts, see the 2021 report "Actions speak louder: assessing bank responses to human rights violations".

Impacts reviewed
Responded?
Total score
Response
Action
Monitoring

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