Bank Of East Asia
The Bank of East Asia (BEA), a prominent financial institution headquartered in Hong Kong, has been a cornerstone of the banking industry since its establishment in 1918. With a strong presence in major operational regions including Mainland China, the United Kingdom, and the United States, BEA offers a diverse range of services tailored to meet the needs of both personal and corporate clients. Specialising in retail banking, commercial banking, and wealth management, BEA distinguishes itself through innovative financial solutions and a commitment to customer service. Over the years, the bank has achieved significant milestones, solidifying its market position as one of Hong Kong's largest independent banks. With a focus on sustainable growth and digital transformation, the Bank of East Asia continues to adapt to the evolving financial landscape, ensuring it remains a trusted partner for its clients.
DitchCarbon Score
How does Bank Of East Asia'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 East Asia's score of 47 is higher than 70% 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 East Asia's reported carbon emissions
In 2024, the Bank of East Asia (BEA), headquartered in Hong Kong (HK), reported total carbon emissions of approximately 11,088,000 kg CO2e, comprising 944,000 kg CO2e from Scope 1 and 10,144,000 kg CO2e from Scope 2. This data reflects a commitment to transparency in emissions reporting, with no Scope 3 emissions disclosed. BEA has made significant strides in reducing its carbon footprint, achieving a 31% reduction in Scope 1 and 2 absolute emissions compared to a 2019 baseline. The bank aims for a further reduction target of 39% in these emissions by 2025. Additionally, BEA is committed to reaching net zero operational emissions by 2030, aligning its climate strategy with science-based pathways. The emissions data for 2023 indicates that BEA's total emissions were about 12,059,000 kg CO2e in HK, with 1,932,000 kg CO2e from Scope 1 and 10,127,000 kg CO2e from Scope 2. This demonstrates a proactive approach to climate commitments and emissions management. Overall, BEA's initiatives reflect a robust commitment to sustainability and climate action, positioning the bank as a responsible entity in the financial sector.
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| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 361,060 | 000,000 | 000,000 | - | - | - | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 13,947,210 | 00,000,000 | 00,000,000 | - | - | - | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | - | - | - | - | - | - | - | - | - |
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.
Bank Of East Asia is not participating in any of the initiatives that 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.
