Maybank Raises Genting Bhd ESG Score to 50 from 48 on Efficiency and Community Metrics

Maybank Investment Bank Bhd raised its proprietary ESG score for Genting Bhd to 50 from 48. The revision draws on financial year 2025 data and was detailed in a note issued November 5.

The score increase stems from lower resource consumption intensity, expanded community investments, greater local supplier procurement and higher average training hours per employee. Governance metrics showed minimal movement.

Operational and Social Advances

Total greenhouse gas emissions grew 9 percent year-on-year. The rise occurred because the calculation now includes the group's U.S. and Bahamas operations rather than any increase at existing sites.

Community investments as a percentage of core net profit climbed to 5.5 percent from 2.3 percent in financial year 2024. Absolute spending reached MYR31.4 million (US$7.8 million) from MYR12.1 million.

Governance Shortfalls

Independent directors represent 33 percent of the board, below the 50 percent level recommended by the Malaysian Code on Corporate Governance. Female directors hold 22 percent of seats, short of the 30 percent threshold.

The board salary bill continues to equal 14 percent of core net profit. Maybank's model weights quantitative metrics at 50 percent, qualitative factors at 25 percent and ESG targets at 25 percent.

As reported by GGRAsia, the mixed results show measurable environmental and social gains can lift the overall score while governance gaps remain unresolved. Operators will track whether future reporting narrows those gaps before the next annual review.