Maybank Raises Genting Bhd ESG Score to 50 on 2025 Data
Score uplift driven by lower resource intensity and higher community investment in FY2025.
Key Takeaways
- Maybank Investment Bank raised Genting Bhd's ESG score to 50 from 48 on November 5, 2026, based on 2025 data.
- Total greenhouse gas emissions grew 9 percent year-on-year due to inclusion of U.S. and Bahamas operations in FY2025.
- Community investments rose to MYR31.4 million (US$7.8 million) and to 5.5 percent of core net profit in FY2025.
- Independent directors and female directors account for 33 percent and 22 percent of Genting's board, below Malaysian Code thresholds.
- The board salary bill represents 14 percent of core net profit, noted Maybank as a governance concern.
Maybank Investment Bank Bhd raised its proprietary environmental, social and governance score for Genting Bhd to 50 from 48, citing data for financial year 2025 in a note dated November 5, 2026. The bank attributed the increase to lower resource consumption intensity, larger community investments, a higher share of procurement from local suppliers and increased average training hours per employee.
Score drivers and model
Maybank said the uplift came despite limited progress on board composition and pay. The institution's ESG scoring model weights quantitative metrics at 50 percent, qualitative assessment at 25 percent, and ESG targets at 25 percent. The report was explicitly based on 2025 data.
Environmental, social and governance details
On the environmental front, Maybank noted total greenhouse gas emissions for Genting Bhd “grew 9 percent year-on-year largely due to inclusion of its U.S. and Bahamas operations in financial year 2025, rather than higher emissions from its existing operations.”
For social metrics, community investments as a percentage of core net profit rose to 5.5 percent from 2.3 percent in financial year 2024. On an absolute basis, community investments increased to MYR31.4 million (US$7.8 million) from MYR12.1 million in financial year 2024.
Governance showed little improvement. Maybank observed independent directors and female directors still account for only 33 percent and 22 percent of the board respectively, versus the Malaysian Code on Corporate Governance recommended thresholds of 50 percent and 30 percent. The board salary bill continues to represent a high 14 percent of core net profit.
"Independent directors and female directors continue to account for only 33 percent and 22 percent of the board of directors respectively," Maybank wrote.
Maybank named lower resource intensity, local procurement and higher training hours among the positive contributors to the score while flagging governance shortfalls as the main constraint on further improvement. Genting Bhd operates Malaysia-based casino resorts and plantations and is the parent company referenced in the note. Maybank Investment Bank Bhd produced the proprietary rating model referenced in the report.
Frequently Asked Questions
What change did Maybank make to Genting Bhd's ESG score?
Maybank Investment Bank raised Genting Bhd's ESG score to 50 from 48. The change was announced in a November 5, 2026 note based on 2025 data.
Why did Genting's ESG score increase according to Maybank?
The score increase was attributed to lower resource consumption intensity, more generous community investments, a higher percentage of procurement from local suppliers and higher average training hours per employee, Maybank stated.
How did Genting's greenhouse gas emissions change in FY2025?
Genting Bhd's total greenhouse gas emissions grew 9 percent year-on-year, which Maybank said reflected inclusion of the company's U.S. and Bahamas operations in financial year 2025.
How large were Genting's community investments in FY2025?
Community investments increased to MYR31.4 million in financial year 2025, equivalent to US$7.8 million at the time, and represented 5.5 percent of core net profit versus 2.3 percent in FY2024.
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Oliver Grant
Industry Technology Correspondent
Oliver Grant covers the technology and business machinery of iGaming — platform and data deals, AI and compliance tooling, affiliate and marketing shifts, and the quarterly numbers behind them. The reports lead with the announcement, name the vendors and figures exactly as published, and separate genuine capability from press-release promise. When a supplier ships a new engine or a regulator tightens ad rules, Oliver Grant explains what actually changes for the companies involved.
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