Chong Hing Bank
Chong Hing Bank, a prominent financial institution headquartered in Hong Kong (HK), has been serving the community since its establishment in 1948. With a strong presence in the banking industry, the bank primarily focuses on retail banking, corporate banking, and wealth management services, catering to a diverse clientele across the region. Over the years, Chong Hing Bank has achieved significant milestones, including the expansion of its branch network and the introduction of innovative financial products. Its core offerings, such as personal loans, savings accounts, and investment services, are designed to meet the evolving needs of customers, setting the bank apart in a competitive market. Recognised for its commitment to customer service and financial stability, Chong Hing Bank continues to strengthen its market position, making it a trusted choice for individuals and businesses alike in Hong Kong and beyond.
DitchCarbon Score
How does Chong Hing Bank'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 Services Auxiliary to 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
Chong Hing Bank's score of 33 is higher than 53% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Chong Hing Bank's reported carbon emissions
In 2023, Chong Hing Bank, headquartered in Hong Kong, reported total carbon emissions of approximately 2,643,200 kg CO2e, comprising 16,400 kg CO2e from Scope 1 and 2,626,800 kg CO2e from Scope 2 emissions. This reflects a decrease from 2022, where total emissions were about 2,734,000 kg CO2e, with Scope 1 emissions at 17,700 kg CO2e and Scope 2 at 2,716,300 kg CO2e. Over the past few years, the bank has shown a trend of reducing its emissions, with a notable drop in Scope 1 emissions from 24,800 kg CO2e in 2021 to 16,400 kg CO2e in 2023. However, there are no reported Scope 3 emissions, indicating a focus on direct and indirect emissions from energy consumption. Chong Hing Bank's emissions data is cascaded from its parent company, Guangzhou Yuexiu Group Co., Ltd., reflecting a corporate commitment to sustainability. Despite the absence of specific reduction targets or climate pledges, the bank's ongoing efforts to monitor and report emissions demonstrate a commitment to addressing climate change within its operational framework. Overall, Chong Hing Bank's emissions management aligns with industry standards, showcasing a proactive approach to reducing its carbon footprint while contributing to broader climate goals.
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| 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|
| Scope 1 | 33,500 | 00,000 | 00,000 | 00,000 | 00,000 | 00,000 | 00,000 |
| Scope 2 | 4,011,700 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | - | - | - | - | - | - | - |
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.
Chong Hing Bank is not participating in any of the initiatives that 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.
