Bank Of East Asia Sustainability Profile
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 66% 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) 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 marks a significant reduction of 31% in Scope 1 and 2 emissions compared to the baseline year of 2019, achieved through various carbon reduction initiatives. The bank aims for a further reduction target of 39% in Scope 1 and 2 emissions by 2025, relative to the same baseline. BEA is committed to achieving net zero operational emissions by 2030, aligning its climate strategy with science-based pathways. This commitment reflects a proactive approach to climate mitigation, with ongoing reviews of progress and action plans to meet these ambitious targets. Globally, BEA's emissions for 2024 totalled approximately 21,237,000 kg CO2e, with 2,254,000 kg CO2e from Scope 1 and 18,984,000 kg CO2e from Scope 2. The bank's emissions data is not cascaded from any parent organization, ensuring that its climate commitments and performance are independently reported.
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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 | - | - | - | - | - | - | - | - | - |
How Carbon Intensive is Bank Of East Asia's Industry?
How Carbon Intensive is Bank Of East Asia's Location?
Bank Of East Asia'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 East Asia 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.
