Chong Hing Bank

Chong Hing Bank's reported carbon emissions

In 2024, Chong Hing Bank, headquartered in Hong Kong, reported total carbon emissions of approximately 2,595,600 kg CO2e. This figure includes Scope 1 emissions of about 19,600 kg CO2e, primarily from mobile combustion, and Scope 2 emissions of approximately 2,344,000 kg CO2e from purchased electricity. Additionally, the bank's Scope 3 emissions, specifically from waste generated in operations, amounted to around 232,030 kg CO2e. Comparatively, in 2023, the bank's total emissions were approximately 2,643,200 kg CO2e, with Scope 1 emissions at about 16,400 kg CO2e and Scope 2 emissions at approximately 2,626,800 kg CO2e. The data indicates a slight reduction in total emissions from 2023 to 2024. Chong Hing Bank's emissions data is cascaded from its parent company, Guangzhou Yuexiu Group Co., Ltd., reflecting its commitment to transparency and accountability in environmental reporting. However, 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 Chong Hing Bank has made strides in reporting its emissions, further action may be necessary to establish concrete reduction goals and enhance its climate strategy.