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Chong Hing Bank
Services Auxiliary to Financial IntermediationHong Kong SAR ChinaHKSE: 1111.HK
Last verified 8 months agochbank.com
Chong Hing Bank Limited, commonly known as Chong Hing Bank, is a distinguished financial institution with its headquarters firmly established in Hong Kong. Founded in 1948, it has evolved into a reliable banking partner, providing comprehensive services across Hong Kong, Macau, and key cities in mainland China within the broad industry of financial intermediation.
The bank offers a robust portfolio of core products, including retail banking, commercial banking, and wealth management services. Chong Hing Bank is particularly renowned for its specialised cross-border financial services, leveraging its strategic presence to facilitate transactions and investments across the Greater Bay Area. This deep-rooted expertise positions it as a key player for clients navigating the region's dynamic economic landscape.
31
DitchCarbon score
-6 vs industry average
Chong Hing Bank’s score of 31 is lower than 45% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Very Low
Services Auxiliary to Financial Intermediation is among the least carbon-intensive industries
Industry performance
0.096
20182025
The Services Auxiliary to Financial Intermediation industry has reduced its overall emissions by 33% since 2018
Emissions trajectory 2020 – 2027
20202021202220232024202520262027
Reported emissions
Scope 1
•••kg CO₂e
Scope 2
•••kg CO₂e
Scope 3
•••kg CO₂e
Total reported
•••kg CO₂e
Scope 3 accounts for ••• of total emissions.
Chong Hing Bank's reported carbon emissions
Chong Hing Bank, a Hong Kong-based financial services auxiliary, reported its 2024 Scope 1, 2, and 3 emissions as 2,595,600 kg CO2e. This includes about 19,600 kg CO2e from Scope 1 (mobile combustion), approximately 2,344,000 kg CO2e from Scope 2 (purchased electricity), and roughly 232,030 kg CO2e from Scope 3 (waste generated in operations).
In 2023, the bank's Scope 1 and 2 emissions totalled 2,643,200 kg CO2e, with about 16,400 kg CO2e from Scope 1 and approximately 2,626,800 kg CO2e from Scope 2. In 2022, their Scope 1 and 2 emissions were 2,734,000 kg CO2e, comprising around 17,700 kg CO2e from Scope 1 and approximately 2,716,300 kg CO2e from Scope 2.
Historically, Chong Hing Bank's Scope 1 and 2 emissions have shown a downward trend from approximately 4,045,200 kg CO2e in 2017. The bank does not currently report specific climate reduction targets or commitments, nor does it have cascaded Science Based Targets initiative (SBTi) targets from its ultimate parent, Guangzhou Yuexiu Group Co., Ltd.
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Chong Hing Bank’s Climate Goals (2030 & 2050)
No climate goals have been disclosed for Chong Hing Bank yet.
Scope 3 top emissions categories
1 of 15 categories disclosedSee all scope 3 categories
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Climate initiatives
Science Based Targets Initiative
See details
Not active
Carbon Disclosure Project
Inherited from Guangzhou Yuexiu Group Co., Ltd.See details
Not active
The Climate Pledge
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Not active
UN Global Compact Climate Champions initiative
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Not active
RE 100
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Not active
Climate Action 100
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Not active
Emissions comparison with industry peers
View similar organisationsCompanyCountryIndustryLast updatedScoreDetails
Chong Hing Bank8 months ago
31
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