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 32 is higher than 82% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Bank Of East Asia's reported carbon emissions
In 2023, the Bank of East Asia (BEA) reported total carbon emissions of approximately 12,841,740 kg CO2e in Hong Kong. This figure includes Scope 1 and 2 emissions, but specific breakdowns for these scopes were not disclosed. The bank's global emissions for the same year totalled about 23,100,030 kg CO2e, comprising 3,288,880 kg CO2e from Scope 1, 19,811,160 kg CO2e from Scope 2, and 596,240 kg CO2e from Scope 3 related to business travel. In previous years, BEA's emissions have shown fluctuations. For instance, in 2021, the bank's emissions in Hong Kong were approximately 12,059,030 kg CO2e, while in 2022, they increased to about 12,294,000 kg CO2e. The bank has not set specific reduction targets or initiatives as part of its climate commitments, indicating a potential area for future development in sustainability practices. Overall, while BEA has made strides in reporting its emissions, the absence of defined reduction targets suggests that further action may be necessary to align with industry standards for climate accountability and sustainability.
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| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Scope 1 | 3,471,320 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 26,563,150 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | - | - | - | 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.
Bank Of East Asia 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.
