Bank of China (Hong Kong) Limited Sustainability Profile
Bank of China (Hong Kong) Limited, commonly referred to as BOCHK, is a leading financial institution headquartered in Hong Kong. Established in 1912, BOCHK has played a pivotal role in the region's banking landscape, offering a comprehensive range of services across retail, corporate, and investment banking sectors. With a strong presence in Hong Kong and significant operations in mainland China and other international markets, BOCHK is well-positioned to serve a diverse clientele. The bank's core products include personal banking, wealth management, and corporate financing, distinguished by their innovative solutions and customer-centric approach. Recognised for its robust financial performance and commitment to excellence, BOCHK has achieved numerous accolades, solidifying its status as a key player in the banking industry. Its strategic initiatives and dedication to sustainable development further enhance its market position, making it a trusted partner for individuals and businesses alike.
DitchCarbon Score
How does Bank of China (Hong Kong) Limited'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
Bank of China (Hong Kong) Limited's score of 56 is higher than 74% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Bank of China (Hong Kong) Limited currently does not have specific carbon emissions data available, as indicated by the absence of reported figures. The organisation is a current subsidiary of Bank of China (Hong Kong) Holdings Limited, which may influence its climate commitments and performance metrics. As a part of its climate strategy, Bank of China (Hong Kong) Limited inherits its emissions data and reduction initiatives from its parent company, BOC Hong Kong (Holdings) Limited, at a cascade level of 1. However, no specific reduction targets or climate pledges have been documented for this subsidiary. In the broader context, the banking sector is increasingly focusing on sustainability and carbon neutrality, with many institutions setting ambitious targets to reduce their carbon footprints. While Bank of China (Hong Kong) Limited has not publicly committed to specific science-based targets or initiatives, it is essential for financial institutions to align with global climate goals to mitigate climate change impacts. Overall, the lack of detailed emissions data and reduction commitments highlights an opportunity for Bank of China (Hong Kong) Limited to enhance its transparency and accountability in climate action.
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| 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|
| Scope 1 | 324,000 | 000,000 | 000,000 | 000,000 | 000,000 | 000,000 | 000,000 | 000,000 |
| Scope 2 | 65,087,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | 107,000 | 00,000 | 00,000 | 00,000 | 00,000 | 00,000 | 00,000 | 00,000 |
How Carbon Intensive is Bank of China (Hong Kong) Limited's Industry?
How Carbon Intensive is Bank of China (Hong Kong) Limited's Location?
Bank of China (Hong Kong) Limited's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Bank of China (Hong Kong) Limited has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
