BOC Hong Kong (Holdings) Limited Sustainability Profile
BOC Hong Kong (Holdings) Limited, commonly referred to as BOCHK, is a leading financial institution headquartered in Hong Kong. Established in 1917, the company has grown to become a pivotal player in the banking and financial services industry, primarily serving the Greater China region and beyond. As a subsidiary of the Bank of China, BOCHK offers a comprehensive range of services, including corporate banking, personal banking, and wealth management. Its unique position in the market is bolstered by its strong ties to mainland China, providing clients with unparalleled access to cross-border financial solutions. With a commitment to innovation and customer service, BOCHK has achieved numerous accolades, solidifying its reputation as a trusted financial partner. The bank continues to expand its footprint, adapting to the evolving needs of its diverse clientele while maintaining a strong focus on sustainable growth.
DitchCarbon Score
How does BOC Hong Kong (Holdings) 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
BOC Hong Kong (Holdings) Limited's score of 61 is higher than 77% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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BOC Hong Kong (Holdings) Limited's reported carbon emissions
In 2024, BOC Hong Kong (Holdings) Limited reported total carbon emissions of approximately 51,700,000 kg CO2e, comprising 517,000 kg CO2e from Scope 1, 50,537,000 kg CO2e from Scope 2, and 79,000 kg CO2e from Scope 3 emissions. This reflects a slight decrease from 2023, where total emissions were about 51,501,000 kg CO2e, with Scope 1 emissions at 548,000 kg CO2e, Scope 2 at 50,953,000 kg CO2e, and Scope 3 at 89,000 kg CO2e. The company has set ambitious reduction targets through its South East New Territories Landfill Gas Utilisation Project, aiming to reduce 56,000 tonnes of carbon dioxide annually by converting landfill gas to natural gas. This initiative is expected to be operational by 2025 and is projected to have a significant environmental impact, equivalent to the annual carbon absorption of approximately 2.4 million trees. Data for BOC Hong Kong's emissions is cascaded from its parent organization, reflecting a corporate family relationship. The emissions data is sourced from BOC Hong Kong (Holdings) Limited, ensuring transparency and accountability in their climate commitments. The company is actively working towards achieving net-zero emissions, focusing on both Scope 1 and Scope 2 reductions.
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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 BOC Hong Kong (Holdings) Limited's Industry?
How Carbon Intensive is BOC Hong Kong (Holdings) Limited's Location?
BOC Hong Kong (Holdings) 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.
BOC Hong Kong (Holdings) 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.
