Genting Bhd ESG score rises to 50, says Maybank
Maybank cites 2025 data and higher community investment for the upgrade
Key Takeaways
- Maybank Investment Bank Bhd raised Genting Bhd's ESG score to 50 from 48 in a note dated 5 November based on 2025 data.
- Genting's total greenhouse gas emissions rose 9% year‑on‑year mainly because the bank included US and Bahamas operations in the 2025 accounts.
- Community investments rose to 5.5% of core net profit from 2.3%, equivalent to MYR31.4 million (about US$7.8m) versus MYR12.1 million in 2024.
- Maybank found "very little progress" on governance: independent directors and female directors are 33% and 22% of the board, below Malaysian Code targets, and board pay is 14% of core net profit.
Genting Bhd obtained an ESG score of 50, up from 48, according to Maybank Investment Bank Bhd's proprietary assessment in a note dated 5 November. Maybank said the review was based on 2025 data and attributed the increase mainly to lower resource consumption intensity, higher community investments, a greater percentage of local procurement and higher average training hours per employee.
Details of progress and limitations
Maybank specified that under the "environmental" heading Genting Bhd's total greenhouse gas emissions grew 9% year-on-year, and added that the rise was largely due to the inclusion of its operations in the United States and the Bahamas in the 2025 financial year, not because of higher emissions from its existing operations. In the "social" category, community investments as a percentage of core net profit rose to 5.5% from 2.3% in FY2024. In absolute terms, community investments increased to MYR31.4 million (currently US$7.8 million) from MYR12.1 million in FY2024.
"Largely thanks to lower resource consumption intensity, more generous community investments, higher percentage of procurement sources from local suppliers and higher average training hours per employee," Maybank said in its 5 November note.
Maybank also observed that there has been "very little progress on independent directors, female directors, and board of directors salaries." The bank noted that independent directors and female directors make up 33% and 22% of the board respectively, below the Malaysian Code on Corporate Governance recommended thresholds of 50% and 30%. Board salary mass continues to represent a high 14% of core net profit.
Scoring methodology
According to Maybank corporate materials, its ESG scoring model weights three parameters: quantitative (50%), which includes numerical metrics and emissions measured under Scope 1, Scope 2 and Scope 3 protocols; qualitative (25%), for management and policy assessment; and ESG targets (25%), for future goals and commitments.
Related links
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Frequently Asked Questions
What ESG score did Maybank assign Genting and when was it published?
Maybank Investment Bank Bhd assigned Genting Bhd an ESG score of 50, published in a note dated 5 November and based on 2025 data.
Why did Genting's emissions rise in 2025 according to Maybank?
Maybank said total greenhouse gas emissions grew 9% year‑on‑year mainly because the bank included Genting's operations in the United States and the Bahamas for the 2025 financial year, not because emissions increased at existing sites.
How did Genting's community investments change in 2025?
Community investments increased to 5.5% of core net profit from 2.3% in FY2024, rising in absolute terms to MYR31.4 million (about US$7.8 million) from MYR12.1 million in 2024.
What did Maybank observe about Genting's governance?
Maybank reported "very little progress" on governance: independent directors are 33% and female directors 22% of the board, both below the Malaysian Code on Corporate Governance thresholds, and board salaries represent 14% of core net profit.
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Emilio Navarro
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Emilio Navarro covers the cross-cutting technology and business of iGaming — platforms, data and AI, compliance tooling, affiliate marketing, financial results, and the stories that fit no single rubric. The reports open with the announcement, cite vendors and figures exactly as published, and keep a healthy distance from press-release language. When a supplier unveils a new engine or the advertising rulebook changes, Emilio Navarro reports what genuinely changes.
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