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MaybankMalaysia
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Created before Nov 2016
Last update: 2022-07-14 14:03:07

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Maybank's head office in Kuala Lumpur. Photo: Christian Junker via Flickr (CC BY NC ND 2.0)

About Maybank

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.

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
Annual reports Annual report 2021
CSR report 2021
Ownership
listed on Bursa Malaysia

Maybank's largest shareholder is Permodalan Nasional Berhad (33.3%), a large Malaysian fund management firm. The bank's complete shareholder structure can be accessed here.

Complaints and grievances

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

Related Dodgy Deals

Maybank has been linked to the following "Dodgy Deals", e.g. as a current or past financier or through an expression of interest. Find out more about dodgy deals here. See the project or company profile for more details on the nature of the bank's link to the Dodgy Deal.

Dodgy Deals map

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Policy Assessments

Banks and Human Rights

Human Rights Benchmark Asia 2022

BankLast update
Country
Score
Ranking
Details
Maybank
MYS
1
Laggard

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0
Malaysia
Score
Laggard
1
Explanation

Maybank's human rights policies, processes and reporting were assessed as part of the BankTrack Human Rights Benchmark Asia 2022. The bank is assessed as a Laggard, with a total score of 1 out of 14.

Policy: 1/3
Due dilligence: 0/5
Reporting: 0/3
Remedy: 0/3

Explanation
Laggard
Follower
Front runner
Leader
0 - 3.5 points
4 - 5.5 points
6 - 8.5 points
9 - 14 points
For more details see this page.

News

| |
Type:
Year:
blog
external news
our news

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
external news
our news

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
external news
our news

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
external news
our news

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
external news
our news

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
blog
external news
our news

Malaysia's Maybank to stop financing new coal activities

2021-05-06 | Reuters
blog
external news
our news

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

2019-12-10 | Jikalahari, Profundo, Rainforest Action Network, WALHI
blog
external news
our news

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

2018-05-31 | RAN
blog
external news
our news

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
external news
our news

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
external news
our news

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

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

Documents

Type:
Year:
annual reports
2022-07-14 00:00:00

Annual report 2021

2022-07-14 00:00:00 | Maybank
annual reports
2022-07-14 00:00:00

CSR report 2021

2022-07-14 00:00:00 | Maybank
csr policies
2022-07-14 00:00:00

Position statements on: NDPE, Palm oil, Forestry & logging, Coal

Date listed represents date as accessed on website
2022-07-14 00:00:00 | Maybank
csr policies
2022-02-14 00:00:00

Sustainability framework

2022-02-14 00:00:00 | Maybank
annual reports
2021-07-27 00:00:00

Annual report 2020

2021-07-27 00:00:00 | Maybank
annual reports
2021-07-27 00:00:00

CSR Report 2020

2021-07-27 00:00:00 | Maybank
ngo documents
2021-06-28 00:00:00

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

2021-06-28 00:00:00 | Chain Reaction Research
ngo documents
2021-06-23 00:00:00

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

2021-06-23 00:00:00 | Forests and Finance
annual reports
2020-08-25 00:00:00

Annual report 2019

2020-08-25 00:00:00 | Maybank
annual reports
2020-08-25 00:00:00

CSR report 2019

2020-08-25 00:00:00 | Maybank
bank documents
2020-08-25 00:00:00

20/20 Sustainability plan

Date listed represents date as accessed on website
2020-08-25 00:00:00 | Maybank
csr policies
2019-03-11 00:00:00

Sustainability statement

2019-03-11 00:00:00 | Maybank
csr policies
2018-03-28 00:00:00

ESG Commitment

2018-03-28 00:00:00 | Maybank
ngo documents
2018-02-28 00:00:00

Maybank - the single largest palm oil financier

2018-02-28 00:00:00 | TuK Indonesia / Profundo
csr policies
2017-07-11 00:00:00

Code of ethics & conduct

2017-07-11 00:00:00 | Maybank Group
ngo documents
2016-11-07 00:00:00

Protecting the Leuser Ecosystem

A Shared Responsibility
2016-11-07 00:00:00 | Rainforest Action Network
ngo documents
2015-02-16 00:00:00

Tycoon-controlled oil palm groups in Indonesia - Executive Summary

2015-02-16 00:00:00 | TuK, Profundo

Links

Maybank's webpage on corporate social responsibility

https://www.maybank.com/en/about-us/sustainability.page?

Policy assessment of Maybank on Forestsandfinance.org

https://forestsandfinance.org/bank-profile/?bank=Malayan+Banking

Policies

Voluntary standards

Maybank has committed itself to the following voluntary standards:
  • Business for Social Responsibility
  • Carbon Disclosure Project
  • Global Reporting Initiative
  • Indonesia Sustainable Finance Initiative
  • UNEP Finance Initiative

Investment policies

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

Year:
csr policies
2022-07-14 00:00:00

Position statements on: NDPE, Palm oil, Forestry & logging, Coal

Date listed represents date as accessed on website
2022-07-14 00:00:00 | Maybank
csr policies
2022-02-14 00:00:00

Sustainability framework

2022-02-14 00:00:00 | Maybank
csr policies
2019-03-11 00:00:00

Sustainability statement

2019-03-11 00:00:00 | Maybank
csr policies
2018-03-28 00:00:00

ESG Commitment

2018-03-28 00:00:00 | Maybank
csr policies
2017-07-11 00:00:00

Code of ethics & conduct

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

Good moves

Year:
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