Hong Leong Financial Group
Hong Leong Financial Group Berhad, commonly referred to as HLFG, is a prominent financial services provider headquartered in Malaysia. Established in 1963, the group has evolved into a key player in the financial industry, with a strong presence in banking, insurance, and investment services across Southeast Asia. HLFG offers a diverse range of core products and services, including commercial banking, asset management, and life insurance, distinguished by their customer-centric approach and innovative solutions. The group has achieved notable milestones, such as expanding its operational footprint and enhancing its digital banking capabilities, positioning itself as a leader in the region. With a commitment to excellence and a robust market position, Hong Leong Financial Group continues to drive growth and deliver value to its stakeholders, making it a trusted name in the financial landscape.
DitchCarbon Score
How does Hong Leong Financial Group's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Financial Intermediation industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Hong Leong Financial Group's score of 46 is higher than 96% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Hong Leong Financial Group's reported carbon emissions
In 2024, Hong Leong Financial Group (HLFG) reported total carbon emissions of approximately 48,187,000 kg CO2e. This figure includes 221,000 kg CO2e from Scope 1 emissions, 32,096,000 kg CO2e from Scope 2 emissions, and 15,869,000 kg CO2e from Scope 3 emissions. Over the past five years, HLFG's emissions have shown a general upward trend, with total emissions increasing from about 34,065,000 kg CO2e in 2019 to the current figure. The company has disclosed emissions across all three scopes, indicating a comprehensive approach to carbon accounting. However, there are currently no specific reduction targets or initiatives outlined in their climate commitments. This lack of defined reduction strategies suggests that while HLFG is tracking its emissions, it may need to establish clearer goals to align with industry standards for climate action. As a financial institution headquartered in Malaysia, HLFG's emissions profile reflects its operational footprint and the broader context of the financial sector's impact on climate change. The absence of significant reduction targets highlights an opportunity for HLFG to enhance its sustainability efforts and contribute more effectively to global climate goals.
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| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|
| Scope 1 | 334,000 | 000,000 | 000,000 | 000,000 | 000,000 | 000,000 |
| Scope 2 | 31,914,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | 1,817,000 | 0,000,000 | 0,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Hong Leong Financial Group is not committed to any reduction initiatives we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
