Bank Of East Asia

Bank Of East Asia's reported carbon emissions

The Bank of East Asia (BEA), headquartered in HK and operating in financial intermediation services, has reported its carbon emissions for several years. For the reporting year 2024, BEA recorded Scope 1 emissions of approximately 2,254,000 kg CO2e and Scope 2 emissions of approximately 18,984,000 kg CO2e. This brings the combined Scope 1 and 2 emissions to approximately 21,237,000 kg CO2e. In 2023, Scope 1 emissions were approximately 3,289,000 kg CO2e and Scope 2 emissions were approximately 19,306,000 kg CO2e, totalling approximately 22,595,000 kg CO2e. BEA has made significant commitments towards climate mitigation. The institution is committed to achieving net zero operational emissions by 2030, aligning with science-based pathways. Additionally, BEA aims for a 39% reduction in Scope 1 and 2 emissions against a 2019 baseline by 2025. The bank has also reported achieving a 31% reduction in Scope 1 and 2 absolute emissions by 2023, compared to its 2019 baseline year. While BEA has reported Scope 1 and 2 emissions data, Scope 3 emissions data, specifically for purchased goods and services, is currently missing. The data is not cascaded from a parent organisation.