The rating places AmBank Group among the top 32% of 190 banks rated globally based on the MSCI ACWI Index.

AmBank Group has achieved its high rating based on its practices in six areas, namely financing, environmental impact, access to finance, human capital development, privacy and data security, consumer financial protection, corporate governance and corporate behaviour.

In a statement issued today, AmBank Group said its rating had been driven primarily by its corporate governance practices, which put it in the highest-scoring range for all companies assessed relative to their peers around the world.

It said the high rating indicated that its practices were well aligned with shareholder interests.

Only 4% of all the companies assessed have achieved the top “AAA” rating.

AmBank Group was first given the “AA” rating in 2020, a position it has managed to hold onto till today.

The statement said that the rating also highlighted the fact that AmBank Group ranked ahead of its top five global peers in customer financial protection due to its adoption of best practices in employee training on customer financial protection.

Group sustainability champion Eqhwan Mokhzanee said AmBank Group is already strengthening its climate risk management capabilities while accelerating efforts to support customers in their transition to a low-carbon economy.

For instance, it will no longer provide new or additional loans and financing to businesses whose coal or coal-related activities account for more than 20% of their total revenue or cost of production.